Housing Wire

MAY 25, 2021

The bill would allow borrowers to finance up to 100% of the acquisition price. Mortgages would be subject to FHA loan limits. percent of the principal, which could be financed, and would not pay a monthly insurance premium. Loan officers, too, sometimes have reservations about government-financed loans.

FHA loan 460

FHA loan VA loan Loans Loan Officer 460

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

VA loan 437

VA loan Agents Seller concession FHA loan 437

HomeLight

AUGUST 31, 2021

PMI can be dropped when you reach 20% equity by paying down your loan principal. FHA loans are government-backed loans geared toward buyers who don’t qualify for conventional loans. Mortgage insurance requirements : Mortgage insurance is required on all FHA loans. USDA loans.

FHA loan 96

FHA loan VA loan Loans Loan Officer 96

HomeLight

AUGUST 16, 2021

Second mortgages : These are loans you can take out to subsidize the down payment in addition to taking out a principal mortgage. FHA Within Reach Down Payment Assistance program is the FHA’s DPA program, though you’ll typically find this program offered through your state’s Housing and Finance Authority.

Loans 95

Loans VA loan FHA loan Purchase and sale agreement 95

HomeLight

OCTOBER 11, 2021

You’re getting ready to start shopping for a house, and you’re pretty certain you want to go with an FHA loan. The Federal Housing Administration backs loans with less strict credit requirements and low down payment options to help families become homeowners. How much house can you afford if you’re getting an FHA loan?

FHA loan 77

FHA loan Loans Debt-to-income ratio Closing costs 77

HomeLight

SEPTEMBER 30, 2020

Keep an eye on interest rates,” says Los Angeles-based loan officer Dan Hunt. I have done many refinances over my career that have saved homeowners hundreds of dollars per month and tens of thousands over the life of the loan.”. Have the loan underwritten and go through closing again. Get the home appraised.

Mortgages 98

Mortgages Fixed-rate mortgage Equity Loans 98

HomeLight

MAY 31, 2021

Moskowitz says that sometimes a large down payment isn’t necessarily the way to go when it comes to financing your home loan. “If These are things you just might not know as a buyer — but your agent and loan officer can give you guidance! What type of home loans do you offer? What about interest rates?

Mortgages 58

Mortgages Debt-to-income ratio Loans Closing costs 58