answersLogoWhite

0

Qualifying for a no interest home loan typically requires a good credit score, stable income, and meeting the lender's specific criteria. Additionally, some programs may have income limits or other eligibility requirements.

User Avatar

AnswerBot

5mo ago

What else can I help you with?

Related Questions

Can you claim your car loan interest at 2008 IRS tax return?

No, personal interest is not deductible...only interest on qualifying home mortgages.


What are the general requirements to obtain a VA refinance loan?

Obtaining a VA refinance loan is not as hard as some individuals claim, however, there are a few general requirements. To obtain a refinance loan, individuals must reside in a home, have a qualifying credit, have the home appraised by a certified appraiser, as well as provide income verification.


What are the eligibility requirements for state loan forgiveness programs?

Eligibility requirements for state loan forgiveness programs typically include working in a designated high-need area or profession, holding a qualifying loan, and meeting specific service requirements.


What are the eligibility requirements for the student loan forgiveness program?

The eligibility requirements for the student loan forgiveness program typically include working in a public service job, making consistent loan payments for a certain period of time, and having a qualifying loan type.


What are the average interest rates on a home equity loan?

The average interest rates on a home equity loan depends on which home equity loan in particular. For example, the $30 HELOC is averaged at an interest rate of 5%.


What is the purpose of no doc home loans?

The purpose of a No-Doc home loan is to make it easier for people that cannot meet the strict requirements to qualify for a loan. This is done by providing a loan with little or no documentation at a much higher interest rate than usual.


In which bank you will prefer for home loan?

There are many banks in India which offers different kinds of home loan with different interest rates. for eg:ICICI BankHDFCAxis BankSBIBut I would suggest you to opt for HDFC. Because HDFC's home loan meets your requirements .They offerInstant home approvalFree & safe document storageOnline loan application facility


How does taking out a home equity loan impact your tax situation?

Taking out a home equity loan can impact your tax situation by potentially allowing you to deduct the interest paid on the loan from your taxable income. This deduction is subject to certain limitations and requirements set by the IRS.


What are the average interest rates on student loans at Sallie Mae?

Sallie Mae offers student loans to qualifying students attending qualifying schools. The interest rates of the loans vary on the student and loan amount. Sallie Mae offers fixed and variable interest rates. These interest rates are also subject to change. The Sallie Mae website features tools which can help determine the interest rates. Again, average interest rates are determine by loan amount, the school, and the length of the loan. Therefore, there is no standard "average" interest rate.


Is home loan interest calculator a basic necessary if yes then why?

Home loan interest calculator is necessary to check the interest of the loan before purchasing, however the interest can change when actual purchasing, therefore it is necessary to get a basic information and idea only.


How does one use a Home Loan Compare?

To compare a home loan you have to consider the fixed interest rate, the floating interest rate, flexible home loans, minimum loan terms, maximum loan terms, repayment frequency and monthly fees.


What are the terms and conditions of a no interest loan?

A no interest loan is a type of loan where the borrower does not have to pay any interest on the amount borrowed. The terms and conditions of a no interest loan typically include a specific repayment schedule, requirements for timely payments, and consequences for late payments. Borrowers may also need to meet certain eligibility criteria to qualify for a no interest loan.