HomeLight

SEPTEMBER 30, 2020

The mortgage insurance protects lenders in case the buyer defaults on the loan, allowing those lenders to serve more borrowers. Buyers with lower credit scores or lower down payments can sometimes get an FHA loan even if they can’t get approved for a conventional loan. The home is then sold at a discount by HUD.

Earnest money deposit 75

Earnest money deposit FHA loan Pre-approval Finance 75

HomeLight

OCTOBER 5, 2020

” She adds, “You need a strong pre-qualification letter from a legitimate lender, and there’s no getting around that. There is a process you must follow to get pre-approved for a mortgage. Bank statements can also be used for certain mortgage loans if you have a non-traditional job or a side gig.

Short sale 73

Short sale Sales Pre-approval Pre-qualification 73

HomeLight

OCTOBER 27, 2021

For this type of home purchase, you can get either a conventional loan or government loan (such as an FHA loan or VA loan ). And that prospect can be tricky, as these homes aren’t as easy to find as a house that’s listed on the MLS because they’re not for sale. Step 3: Find your house.

Purchase and sale agreement 82

Purchase and sale agreement Inspection Homeowner’s association Title 82

HomeLight

NOVEMBER 10, 2021

Or that FHA loan limits vary widely, too? Buyers who are moving from one area of the country to another could be shocked at the difference in prices and loan limits. After you submit your documentation, you’ll know what kind of budget you have to work with, or your approval “ceiling.”. Source: (Mark Olsen / Unsplash).

Inspection 84

Inspection Title Agents Pre-approval 84

HomeLight

MAY 19, 2022

MLS has field to mark a listing “as is”? Consider a pre-listing inspection. A pre-listing home inspection is the same as a standard home inspection except that the seller pays for it before listing their home on the market. Not every buyer who has an approval letter will get to the finish line.”. Disclosures.

As-is 94

As-is Inspection Investor Closing costs 94

HomeLight

MAY 23, 2022

MLS has field to mark a listing “as is”? Consider a pre-listing inspection. A pre-listing home inspection is the same as a standard home inspection except that the seller pays for it before listing their home on the market. That being said, a pre-listing inspection isn’t a necessity. Real estate transfer taxes?

As-is 86

As-is Inspection Investor Sales 86

HomeLight

AUGUST 12, 2022

MLS has field to mark a listing “as is”? As far as marketing, Bullington maximizes the power of the public and private remarks fields in the multiple listing service (MLS). Consider a pre-listing inspection . Be aware of minimum property standards for certain loans. Disclosures. Is a real estate attorney required?

As-is 87

As-is Purchase and sale agreement Investor Closing costs 87