What are Loan Programs?
Mortgage loan programs are different types of loans offered by banks and lenders to help people buy homes. Each program has its own rules and benefits. They determine things like how much you need for a down payment, your interest rate, and how long you have to pay back the loan. Some programs are designed for first-time homebuyers, while others are for specific groups or situations. Choosing the right program can make buying a home more affordable and manageable.