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  2. How to buy a house with low income - AOL

    www.aol.com/finance/buy-house-low-income...

    Income requirement: Can’t exceed 80% of your area’s median income. DTI requirement: Up to 45% (50% in some cases. Fannie Mae’s HomeReady mortgage program addresses one of the challenges of ...

  3. Guide to first-time homebuyer loans and programs - AOL

    www.aol.com/finance/guide-first-time-homebuyer...

    FHA loan: Insured by the Federal Housing Administration, FHA loans allow you to buy a home with a minimum credit score of 580 and as little as 3.5 percent down, or a credit score as low as 500 ...

  4. Low-Income Housing Tax Credit - Wikipedia

    en.wikipedia.org/wiki/Low-Income_Housing_Tax_Credit

    t. e. The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States that awards tax credits to housing developers in exchange for agreeing to reserve a certain fraction of rent-restricted units for lower-income households. [1] The program was created under the Tax Reform Act of 1986 (TRA86) to incentivize the use of ...

  5. Income requirements to qualify for a mortgage - AOL

    www.aol.com/finance/income-requirements-qualify...

    Low-income loan options for mortgages. A low income doesn’t have to keep you from buying a house. There are a few ways you can get help buying a house with low income: Mortgage assistance ...

  6. Community Reinvestment Act - Wikipedia

    en.wikipedia.org/wiki/Community_Reinvestment_Act

    The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.

  7. Subsidized housing - Wikipedia

    en.wikipedia.org/wiki/Subsidized_housing

    t. e. Subsidized housing is government sponsored economic assistance aimed towards alleviating housing costs and expenses for impoverished people with low to moderate incomes. In the United States, subsidized housing is often called "affordable housing". Forms of subsidies include direct housing subsidies, non-profit housing, public housing ...

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