Real Trends

JULY 25, 2023

I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. According to Sandy Williams, an eXp Realty agent in Sarasota, homeowners’ insurance costs have doubled for many in her metro area ( flood insurance costs have also risen dramatically). “I

Marketing 89

Marketing Debt-to-income ratio Agents Construction 89

The Residential Specialist

AUGUST 31, 2023

Experts offer strategies to help clients who need to buy their next home before the sale of their original home is final By Myrna Traylor There are many reasons why a seller might want to secure the purchase of a new primary home before selling their current residence. I just did that for a transaction we closed on yesterday.

Earnest money deposit 98

Earnest money deposit Debt-to-income ratio New Construction Equity 98

HomeLight

SEPTEMBER 25, 2023

You can then make a strong offer on your next home with no home sale contingency. A bridge loan for a real estate transaction is a short-term loan that enables homeowners to purchase a new home before their current home sells. That lender may calculate your debt-to-income ratio (DTI) to qualify you for a bridge loan.

Equity 84

Equity Loans Debt-to-income ratio Home sale contingency 84

Redfin

JUNE 30, 2023

Whether your sights are set on a new construction home in Boise or a cabin home in McCall , let’s break down what a jumbo loan is in Oklahoma, the 2023 conforming loan limits, and what’s needed to qualify for this type of loan. This is particularly true in areas where there are few comparable home sales.

Debt-to-income ratio 53

Debt-to-income ratio Loans Finance New Construction 53

The Close

FEBRUARY 20, 2023

Hard money lenders will want to know that you have enough income to cover the payments on the loan. Unlike a traditional mortgage, where the lender will verify your employment and debt-to-income ratios, many hard money lenders may only need to verify through your bank statements that you have the income to cover the monthly payments.

Hard money loan 98

Hard money loan Debt-to-income ratio Lending Loans 98

Realtor.com

NOVEMBER 28, 2022

Homes for sale listed on Realtor.com will typically indicate if they’re eligible for USDA loans.). They can be used to purchase townhouses as well as single-family homes, fund new construction , or renovate an existing home. According to the Housing Assistance Council, 97% of U.S.

Loans 95

Loans Mortgages FHA loan Debt-to-income ratio 95

HomeLight

AUGUST 31, 2021

The total 203(k) loan amount can be either 110% of the home’s estimated value after repairs are done, or for the sales price of the home, plus whatever estimated repairs will cost — whichever amount is lower. This is an amount that varies by geography based on that area’s median sales price and is set every year by the FHA.

Loans 82

Loans FHA loan Pre-approval Finance 82