Most lenders require a certain amount of equity to qualify for a reverse mortgage, but the exact amount can vary.

A single-purpose reverse mortgage can offer retirees affordable access to equity, but there are strings attached.

Unless you have given away more than $13 million in your lifetime, a $75,000 gift will not trigger the federal gift tax. Using this for a down payment also does not affect the result. A financial ...

The U.S. government is on the brink of the first federal government shutdown in almost seven years. Prospects look bleak for ...

A down payment is the portion of a home’s purchase price the buyer isn’t financing with a mortgage. The amount is paid upfront at closing. Depending on the buyer’s finances and the type of loan, down ...

The state of Michigan is working with an initiative founded by Detroit Pistons star Tobias Harris to provide down payment ...

The U.S. consumer watchdog on Thursday finalized two rules relaxing mortgage-lending requirements regarding a borrower's ability to repay, in a bid to boost the range of products available to ...

With a 0% mortgage, a typical California buyer for a $821,000 median-priced home gets a $2,919 monthly payment. That 79% of ...

Despite persistent affordability challenges, industry professionals highlight numerous opportunities for aspiring homeowners. These include specialized down payment assistance programs, low down ...

A 0.5% drop in a 30-year fixed mortgage rate means homebuyers could afford roughly 5% more house without their monthly payment going up. Rates have fallen steadily this year from their 2025 peak of ...