Housing Wire

JULY 12, 2022

In a few months, the loss mitigation measures that have kept close to 100,000 veterans from foreclosure during COVID-19 will end. Decisions of policymakers at the Department of Veterans Affairs will determine what happens to those borrowers. The VA also faces challenges unrelated to the pandemic. How is the VA addressing this?

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Housing Wire

SEPTEMBER 23, 2020

Loan servicers operate between a rock and a hard place today. Regulators demand that products and services are provided fairly and equitably. OK, but then the current economic climate adds levels of complexity, with loan modifications, forbearances and confusion about compliance. Customers demand high-quality service.

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Housing Wire

JANUARY 3, 2023

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect.

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VA loan Loans Due diligence HR 79

Realty Biz

JANUARY 30, 2023

However, being a first-time home buyer can be extremely stressful. You may be trying to figure out the type of credit score you need to get a loan, how much you were able to spend based on the down payment, and getting everything else ready to move. A credit score is projected to determine how likely you are to pay a loan back on time.

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Marco Santarelli

APRIL 24, 2024

Mortgage rates , a crucial factor impacting your monthly payments, can add another layer of complexity. This year, rates have been on an upward climb, exceeding 7% for a 30-year fixed mortgage. Should you put your homebuying dreams on hold, hoping for rates to decrease, or lock in a loan now? So, what's the smart move?

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Realty Biz

SEPTEMBER 30, 2023

Mortgages with Low Credit Scores Mortgages with low credit scores can appear challenging, but there are options available. Understanding how a low credit score affects your mortgage and exploring government-backed programs can help you navigate the process. Can you buy a house with bad credit?

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Point2Homes

MAY 21, 2021

Fortunately, there are quite a few options to help you purchase your first home. Below, we’ll review first-time homebuyer loans and programs that will give you a better deal when you purchase a house. The FHA also guarantees your loan through this program, allowing lenders to accept borrowers with lower credit scores.

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Loans VA loan FHA loan Renovation 144

McKissock

FEBRUARY 13, 2023

McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Current Topics with the VA,” featuring a discussion with James Heaslet, Chief Appraiser for the Department of Veterans Affairs and Jeffrey Hogan, Vice-President at Veros Real Estate Solutions. Sign up now. See all membership benefits.

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VA loan Principal Development Title 85

McKissock

FEBRUARY 13, 2023

McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Current Topics with the VA,” featuring a discussion with James Heaslet, Chief Appraiser for the Department of Veterans Affairs and Jeffrey Hogan, Vice-President at Veros Real Estate Solutions. View Pro-Series webinars. See all membership benefits.

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VA loan Principal Development Title 52

HomeLight

MAY 26, 2021

For first-time homebuyers, the down payment is often the biggest barrier to homeownership. She also conducts monthly webinars for first-time homebuyers with the New Jersey Housing and Mortgage Finance Agency and the Puerto Rican Action Board. Are you enlisted in the military, a veteran, or surviving spouse?

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Debt-to-income ratio Closing costs VA loan Loans 93

Redfin

MAY 11, 2022

Many people rent with the dream of going through the home buying process and becoming a first-time homebuyer. But what does a bad credit score mean, and what are the types of home loans available to those with bad credit? A credit score between 580-669 ranks your credit as “fair” and is regarded as a higher risk for a mortgage lender.

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The Close

NOVEMBER 25, 2022

First, I’ll go over why I think working with service members is an ideal niche for Realtors in 2023. We are their trusted advisers, and are often their first point of contact in a new city. Easy financing through VA loans. Easy financing through Department of Veterans Affairs loans is another reason.

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Redfin

FEBRUARY 11, 2021

If you’re a first-time homebuyer you’ve surely been putting pencil to paper to estimate what your future mortgage payment, taxes, insurance, and maintenance will be on a new home. However, before finalizing your list of new homeowner expenses, one of the often-forgotten costs to consider adding is private mortgage insurance (PMI).

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Debt-to-income ratio VA loan Fixed-rate mortgage Loans 64

HomeLight

JULY 31, 2020

While a 20% down payment is often seen as the standard for home purchases, it can be a hefty chunk of change, especially for a first-time homebuyer. One note: During riskier loan environments, such as during a recession, lenders will often protect themselves by increasing the standards required to get a mortgage loan.

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Debt-to-income ratio Loans Equity VA loan 74

HomeLight

JANUARY 5, 2022

The city attracts all types — from families looking for outdoor space and access to fun activities to retiring veterans. Homes can be very personal, but Reagan Williamson , a top New Braunfels real estate agent with 14 years of experience, advises his clients to think of the house as a product to be sold. “We Dunn Edwards Miners Dust.

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HomeLight

AUGUST 16, 2021

We’ve rounded up expert advice from all across our Buyer Resource Center and enlisted the help of top Massachusetts agent Rosemary Mancuso to walk us through what first-time buyers need to buy a house. First thing’s first: Are you even ready to buy a home ? HomeLight to the rescue! Let’s get to it! Start here.

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Closing costs Purchase and sale agreement Inspection Loans 104

Housing Wire

OCTOBER 24, 2022

The mortgage-servicing rights market just keeps on ticking even as the overall housing market takes a licking. The 10 offerings together involve Fannie Mae , Freddie Mac and Ginnie Mae loan pools valued collectively at $12.77 Tom Piercy, Managing director of Incenter Mortgage Advisors. billion — compared with $51.1

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HomeLight

JUNE 19, 2023

It’s a common challenge for buyers, especially those moving into homeownership for the first time. There are a lot of misconceptions around down payments that prevent would-be buyers from getting in the game. , when in reality, the median down payment for first-time buyers is just 6%. Is there such a thing as down payment grants?

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FHA loan Closing costs Loans VA loan 103

The Residential Specialist

JULY 7, 2023

Of course, getting your foot in the door is just the first step. Additionally, many military families use Veterans Affairs (VA)-guaranteed loans to purchase their homes (see sidebar below), which adds wrinkles to the purchase process, such as a VA appraisal.

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VA loan Loans Agents Mortgages 98

HomeLight

AUGUST 16, 2021

Few things feel more serious than taking out a loan, especially when that loan is a mortgage to buy a house. You’re signing on to care for and maintain real estate property, while also agreeing to pay back your loan in accordance with the contract you signed in order to receive the funds.

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Loans Mortgages VA loan Finance 106

RIS Media

MAY 24, 2021

(TNS)—When you come across a favorable mortgage offer, you may think, “Great! ” You may be able to, but the costs associated with buying a home go beyond the mortgage payment. The down payment is the part of the home’s purchase price you pay upfront, rather than financing it through a mortgage. Closing Costs.

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Closing costs FHA loan Principal Loans 98

HomeLight

MAY 23, 2022

Let’s just say that I wore the wrong outfit,” she says of her first visit to the property. “I The seller] agreed to take the first offer she got and we walked away about two to three weeks later with a contract.”. This includes the first sale of a home that has never been inhabited and transfers to a beneficiary under a deed of trust.

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HomeLight

MARCH 2, 2023

Whether you’re a first-time home buyer or just new to Southern California, deciding when and how to buy a house in San Diego may feel daunting. According to data from the California Association of Realtors, the overall median single-family home price in San Diego was $824,950 in the first months of 2023.

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Redfin

AUGUST 3, 2022

When faced with uncertainty, many first-time homebuyers opt to keep renting a home rather than taking their first steps toward buying a home. Determining how much house you can afford is the first step in the home buying checklist – setting a realistic budget will relieve stress in the long run and help narrow your home search.

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Pre-approval Purchase and sale agreement Title Debt-to-income ratio 73