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    When you take a loan to buy a house, a down payment that may vary from 3% to 20% is normally required. But there are ways to purchase a property without a down payment. A number of players are present in this field. These include brokers and lenders. Different plans are available for the prospective homebuyer to choose from.

    Some of the schemes offer loans amounting to 100% or more of the value of the property. In most such cases a high FICO score is required; this is a credit score system invented by Fair Isaac & Co. Such a loan takes care of the down payment. The range of the loa

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    ays to purchase a property without a down payment. A number of players are present in this field. These include brokers and lenders. Different plans are available for the prospective homebuyer to choose from.

    Some of the schemes offer loans amounting to 100% or more of the value of the property. In most such cases a high FICO score is required; this is a credit score system invented by Fair Isaac & Co. Such a loan takes care of the down payment. The range of the lo

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    and lenders. Different plans are available for the prospective homebuyer to choose from.

    Some of the schemes offer loans amounting to 100% or more of the value of the property. In most such cases a high FICO score is required; this is a credit score system invented by Fair Isaac & Co. Such a loan takes care of the down payment. The range of the lo

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    er loans amounting to 100% or more of the value of the property. In most such cases a high FICO score is required; this is a credit score system invented by Fair Isaac & Co. Such a loan takes care of the down payment. The range of the lo
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    is a credit score system invented by Fair Isaac & Co. Such a loan takes care of the down payment. The range of the loan could be from small amounts like $50,000 to a million or even more.

    One point to be borne in mind is that the monthly repayment depends on the amount of the down payment. Also, if the down payment is less than 20%, usually the lender insists on the buyer taking a Private Mortgage Insurance (PMI). Most financiers allow discontinuation of PMI after a couple of years, or when the principal amount is reduced by 20%.

    In many cases a second mortgage of the proper

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