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- – VA loans are probably the most inexpensive mortgage for the first time home buyer who is eligible. Eligibility requires that the borrower be a veteran, military personnel or, in some cases, spouse. First time home buyers will find that the VA loan does not require any type of down payment.
Homes in these cities are more affordable for first-time buyers than they think – In fact, over half of all Fannie Mae- and Freddie Mac-sponsored loans are now for first-time home buyers, which are most.