Housing Wire

MAY 25, 2022

In a housing market vastly different from the pre-pandemic period, how can industry professionals position themselves to achieve growth despite these current obstacles? More people are diversifying their income streams and opting to work for themselves or through real estate investments. Why partner with Newrez?

Debt-to-income ratio 350

Debt-to-income ratio Lending Pre-qualification Loans 350

HomeLight

DECEMBER 8, 2023

It’s designed for homeowners like you who are in the midst of transitioning from your current home to a new one. The temporary debt juggling act: A key factor in the bridge loan process is your debt-to-income ratio (DTI). What is a bridge loan, in simple words? More on loan costs below.)

Equity 90

Equity Loans Debt-to-income ratio Home sale contingency 90

HomeLight

AUGUST 31, 2020

VA loans also offer even more benefits, like better interest rates and less strident qualifications — but as the name indicates, they are only available to current military members or veterans (or their spouses). Don’t let the name fool you: areas designated for Rural Development loans can be closer to cities than you might expect.

Debt-to-income ratio 64

Debt-to-income ratio FHA loan Pre-qualification VA loan 64

Realty Biz

SEPTEMBER 30, 2023

They can help you navigate the mortgage process and identify suitable options based on your financial situation and provide you with a pre-approval. Get pre-approved: Before house hunting, consider getting pre-approved for a mortgage. Reduce your existing debt. Late payments can significantly impact your credit score.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

Redfin

JULY 11, 2023

A mortgage is a loan specifically designed for purchasing a property, commonly a home. Government-backed loans, such as FHA or VA loans, provide more flexible qualification criteria and specific benefits. How does the mortgage pre-approval process work? Mortgage pre-approval is a crucial step in the homebuying process.

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

HomeLight

FEBRUARY 12, 2021

As a seller, you’re usually not taking on additional risk by accepting an offer from a buyer pre-approved for an FHA loan than you would with a buyer pre-approved for a conventional loan. Dill shares that it’s only a myth that FHA-backed offers are by default weak offers: “They are strong and well-qualified buyers with steady income.

FHA loan 107

FHA loan Loans Pre-approval Pre-qualification 107

HomeLight

NOVEMBER 16, 2021

Through the Home Partners program, prospective rent-to-own homebuyers start by filling out a pre-qualification application. This step includes a credit and background check, income verification documents, and requires an application fee. If approved, they move to submit a full application.

Purchase and sale agreement 78

Purchase and sale agreement Pre-approval Debt-to-income ratio Pre-qualification 78