Agents Closing Earnest money deposit FHA loan 
HomeLight
JANUARY 12, 2022
How long does closing take from here? But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021.
HomeLight
AUGUST 29, 2022
Another plus is that Texas doesn’t have state income tax, according to Rach Potter, who sells homes 44% quicker than the average agent in Dallas, Texas. FHA Loans usually require a minimum down payment of 3.5% — so if you purchase a house for $325,000, expect to put down at least $11,375 with this type of loan.
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HomeLight
SEPTEMBER 1, 2022
To shed light on your options when the appraisal is lower than desired, we talked to a seasoned real estate agent and two certified appraisers with a combined 50 years of experience in the appraisal industry. Perhaps the appraiser couldn’t find recent sales in the area that closely matched the home being appraised, so the results are off.
HomeLight
JANUARY 27, 2021
But there’s so much to keep track of along the way: hiring an agent, getting a mortgage, making offers, and closing the deal. We tapped the expertise of top Illinois real estate agent Jen Ortman , who walked us through some of her best advice for buyers. Hiring an agent. Hiring an agent is a big deal.
HomeLight
MARCH 6, 2023
The Bay Area is also close to beaches, national parks, and the wineries of Napa Valley. With the help of top Bay Area agent Carl Medford , who has 22 years of experience and specializes in helping first-time homebuyers, we’ve put together a comprehensive guide that breaks down all the ins and outs of buying a house in the Bay Area.
HomeLight
MARCH 2, 2023
People who live here love the proximity to some of the west coast’s best beaches, as well as being close to destinations like Disneyland, Joshua Tree National Park, and the deserts of Palm Springs. If you’re shopping for a home in San Diego, a trusted buyer’s agent is a key member of your team.
HomeLight
AUGUST 9, 2022
Since a down payment is, as the term suggests, the amount of money you’re putting down on the purchase of your home, your mortgage lender will need to see proof of these funds fairly early on in the approval process. But that doesn’t mean the money will leave your account just yet. So the down payment is due at closing?
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