First-Time Home Buyers Archives | Mortgage Biz of Florida – adopted from the Wall Street Journal Rising home prices are sending first-time home buyers to their parents for help with mortgage down payments. More than 26% of mortgage borrowers who used Federal housing administration-insured loans got assistance from a relative to make the down payment in the 12 months through Read more.
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Mortgages for First Time Homebuyers | Articles | Resource. – 1. FHA Loans. The Federal Housing Administration (FHA) loan program is one of the most popular among first-time homebuyers. This is because it allows for a down payment as little as 3.5%, which can be gifted from an approved source, such as a family member.
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