Housing Wire

AUGUST 7, 2023

Since 2008, the number of private secondary mortgage providers has reduced dramatically, and those that remain in the market generally purchase jumbo loans from more affluent borrowers. The bottom line is that the secondary mortgage market is the platform that powers the entire mortgage ecosystem in the U.S.

Closing 341

Closing Fixed-rate mortgage Debt-to-income ratio Lending 341

HomeLight

JUNE 22, 2023

To help you understand exactly what you’re getting into, we’ve created a comprehensive guide that answers the most common mortgage questions buyers have for lenders about the mortgage process. Debt-to-income ratio After looking at how much money is flowing into your household, you’ll want to write down your monthly debts.

Debt-to-income ratio 82

Debt-to-income ratio Mortgages FHA loan Loans 82

Realty Biz

SEPTEMBER 30, 2023

These lenders understand the challenges you might be facing and are willing to work with you to find a suitable mortgage option with scores down to 500. Government-backed programs: Government-backed mortgage programs, such as FHA loans, VA loans, and USDA loans, often have more relaxed credit score requirements.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

HomeLight

OCTOBER 15, 2020

Fannie and Freddie set requirements that all buyers have to meet to get a conforming loan. Maximum debt-to-income ratio of 43% (this is known as DTI, and it looks at how much debt you pay each month versus how much income you bring in). VA loans require a minimum credit score of 620 and a maximum DTI of 41%.

Loans 92

Loans FHA loan Debt-to-income ratio VA loan 92

Realty Biz

DECEMBER 30, 2022

The big benefit of going with a conventional mortgage is that it's often going to allow you to get the lowest interest rates possible. You will, however, be able to choose between either a fixed-rate or an adjustable-rate mortgage, and it's going to impact the interest rate on your home loan.

Loans 69

Loans FHA loan Mortgages Debt-to-income ratio 69

Realty Biz

JUNE 15, 2022

A fixed-rate mortgage is stable for 15 to 30 years, but rents may increase on average as much as 5% per year. . Money spent on a mortgage each month is building equity in something you’ll eventually own, and is a foundational means to growing wealth. Department of Veterans Affairs (VA) loan.

Debt-to-income ratio 97

Debt-to-income ratio VA loan Fixed-rate mortgage Loans 97

Redfin

JULY 11, 2023

When considering mortgage options, it’s important to understand the different types available. A fixed-rate mortgage provides stability and predictability, with a consistent interest rate throughout the loan term. How is a mortgage rate determined?

Pre-approval 59

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