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Expecting A Tax Refund? Is Your Refund The Key To Your New Home?
 
Get The Most Out Of Your Tax Refund
It's April 15th... that means today is deadline day to file your taxes. Or maybe you've already filed your taxes and received your tax refund but haven't yet spent it and are wondering what to do with the money. Whether you've received your tax refund or are still waiting for it, are you thinking about buying the home of your dreams but aren't sure how to come up with a down payment or closing costs? Maybe your tax refund is your key to buying a home.
 
According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $3,143 this year.
 
Many buyers still believe that a 20% down payment is needed to qualify for a mortgage. It's not! Loan programs from the Federal Housing Authority (FHA), Freddie Mac, and Fannie Mae allow for down payments as low as 3%. There are conventional loan programs, also, that allow for a 3% down payment. Veterans Affairs Loans (VA) allow many veterans to purchase a home with 0% down.
 
 
4 Ways To Use A Tax Refund To Help Buy A Home
Down Payment: apply your tax refund towards a down payment. For some home buyers who qualify, combine the down payment from your tax refund with an approved down payment ... more

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