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?

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Housing Wire

MAY 31, 2022

Mortgage lender Planet Home Lending has a new team in Portland, Oregon, where it will focus on borrowers looking to work with homebuilders. The firm also said its personal digital mortgage assistance program, Skymore by Planet Home Lending, will allow consumers to apply for a home loan via their mobile device.

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BAM Media

APRIL 3, 2025

But since Mohtashami cant be everywhere at once, every agent should be prepared to do their part to fight the rampant misinformation online, as well as one client at a time. So, it shouldnt surprise anyone that Mohtashamis top advice for real estate agents is this: Learn how to talk to your clients with data. Most decline.

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Housing Wire

MARCH 5, 2024

Roam acts as a facilitator, synchronizing all stakeholders involved in the assumption process, including real estate, title and escrow agents, attorneys, and the buyer and seller themselves. How do you help real estate agents? We help listing agents generate significantly more buyers for their home sales.

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Housing Wire

SEPTEMBER 13, 2024

Partial claims do not, on their own, require new monthly payments, but the amount must be repaid when the home is sold or refinanced, or when the loan is fully paid off.

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The Close

NOVEMBER 25, 2024

If you need access to your local MLS, contact a real estate agent in your area to gather data or create a rental market analysis. For example, you can get a Federal Housing Administration (FHA) loan and pay a smaller down payment if you purchase a triplex where you plan to live. Visit Zillow 7.

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Easy Agent Pro

DECEMBER 29, 2021

It’s crazy in light of the fact that agents do an amazing job of trying to dispel the myth. In fact, “bad credit home loans,” “bad credit mortgages” and “how to buy a home with bad credit” are up-trending search terms on Google, especially in California, Texas and Florida. This is something agents need to know and to keep current on.

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HomeLight

NOVEMBER 20, 2023

Along with the obvious advantage of a lower interest rate, an assumed loan can also come with fewer transaction fees and greater speed. Partner with a top agent familiar with assumable mortgage listings HomeLight can connect you with a top real estate agent familiar with assumable mortgage listings in your market. down payment.

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HomeLight

SEPTEMBER 2, 2021

Here, we’ll walk you through one of the best-known and most widely utilized tools that can help get you those keys: the FHA loan. Read on for more about these loans, the down payment assistance programs associated with them, and some different down payment assistance programs to consider when you buy your first home.

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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. First, find a real estate agent.

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HomeLight

JUNE 21, 2023

Some of these programs, such as Homes for Heroes , are nationwide and encompass both lending benefits and other discounts and reimbursements. Others, such as the California Employee Loan Program, or CELP , are targeted to residents in a particular state. Step one: Talk to a few buyer's agents!

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Realtor.com

FEBRUARY 3, 2021

A micromortgage is a home loan for less than $100,000 says Laura Meadows , executive vice president of lending at Fahe, a regional lender based in Kentucky that offers micromortgages. Unlike conventional or FHA loans, micromortgages are 100% financed, which means there’s no down payment required.

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Point2Homes

JULY 5, 2021

This type of loan is made available through private lending institutions, such as banks and mortgage companies. The minimum credit score required for a conventional loan is typically 620. An FHA mortgage is a loan backed by the Federal Housing Administration, provided through an FHA-approved lender.

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HomeLight

AUGUST 26, 2020

If you’re a first-time homebuyer , you have a lot of decisions to make, including what type of loan to choose. You may have heard that FHA loans are good options for first-time homebuyers, but why is that? Well, FHA loans have a few benefits for first-time homebuyers that conventional loans don’t.

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HomeLight

OCTOBER 27, 2020

The first reason is privacy — you might not want your lending company to have access to all of your financial details, for example. That’s not true of every loan, though. If you are applying for an FHA loan , for example, you’ll have to provide your tax returns, no matter what. Step 7: Find a real estate agent.

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HomeLight

AUGUST 31, 2021

“The 203(k) loan is one of the best products in real estate when it’s used as an effective tool,” says Eric Forney , an Indianapolis real estate agent who sells his clients’ listings an average of 41% faster than the typical agent in his market. What’s a 203(k) loan? Who is eligible for a 203(k) loan?

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Loans FHA loan Pre-approval Finance 104

HomeLight

NOVEMBER 17, 2021

With the help of Joseph Baylis , a top agent and first-time homebuyer extraordinaire based in Trenton, New Jersey , we’re giving you a rundown of the best first-time buyer programs that are available as of October 2021. FHA stands for the Federal Housing Administration , which is part of the U.S. Less-restrictive credit qualifications.

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Redfin

MARCH 4, 2025

Youll need to coordinate with your real estate agent in order to tour these properties. Government-owned properties Some mortgages are government-backed, like VA loans and FHA loans. If a buyer with a government-backed loan goes into foreclosure, the government will take control of the property.

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HomeLight

DECEMBER 30, 2021

We’re breaking down some of the most common questions about first-time home buyer loans with expert help from Richie Helali, a HomeLight Home Loans mortgage specialist. You’ll also need to pay for mortgage insurance (MI) when using an FHA loan, which further protects the lender if you stop making payments on the loan.

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Loans FHA loan Debt-to-income ratio VA loan 98

Lighter Side of Real Estate

NOVEMBER 7, 2024

Another option could be through a homeowner who owns their house outright and is willing to “hold paper” and let you pay them for the house over time at a more favorable rate than a mortgage company would lend you money. Lock In at the Right Time – Some buyers caught rates during short dips or negotiated early rate locks with lenders.

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Mortgages FHA loan Finance Loans 112

Realtor.com

FEBRUARY 3, 2021

A micromortgage is a home loan for less than $100,000 says Laura Meadows , executive vice president of lending at Fahe, a regional lender based in Kentucky that offers micromortgages. Unlike conventional or FHA loans, micromortgages are 100% financed, which means there’s no down payment required.

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HomeLight

JUNE 22, 2023

Would you say it’s trying to find the right real estate agent ? Why must there be so many lending companies, all of which have different requirements and terms? FHA loans allow credit scores as low as 580 (or even 500 if you’re putting down 10% or more), and conventional loans allow credit scores as low as 620.

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Debt-to-income ratio Mortgages FHA loan Loans 98

Redfin

OCTOBER 27, 2020

Explore all of your lending options. VA loans are great for those who are looking for a loan with no down payment and limited closing costs. However, there may be instances where other loan options are a better fit. FHA loans are especially geared toward first-time homebuyers.

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HomeLight

JULY 31, 2022

To explore your options with potential appraisal required repairs, we gathered expert advice from appraisers, lenders and top agents. How does a buyer’s loan type affect minimum property standards? By comparison, to be eligible for an FHA loan, the property must meet U.S. FHA loans must meet very specific standards.

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HomeLight

SEPTEMBER 30, 2020

The survey looks at loan-to-value (LTV) ratios. LTVs are a commonly used ratio in mortgage lending to determine the amount of money necessary for a down-payment and whether a lender will provide a borrower with credit. Upon conducting the survey, a random sample of about 6,000 mortgages per quarter is drawn from new loans.

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HomeLight

JANUARY 31, 2022

Jennifer Wilson , a real estate agent in Albuquerque who sells homes more than 44% quicker than the average agent in her area, says she works with about one buyer each year who uses a Native American-targeted government-sponsored loan program. Real Estate Agent. Real Estate Agent at RE/MAX Select. Jennifer Wilson.

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RIS Media

MAY 19, 2021

Some simple rules to remember on the different kinds of loans: – On VA loans, you can ask the seller to pay everything, meaning the buyer is making no down payment and paying no closing costs. – On FHA loans, the seller can pay almost any cost, but the buyer has to have a minimum 3% investment in the home/closing costs.

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Closing costs Closing Pre-approval VA loan 116

HomeLight

SEPTEMBER 1, 2022

If you’re considering buying a home with student loan debt, here are the most important things you need to know directly from expert real estate agents and mortgage professionals. Real Estate Agent. Real Estate Agent at The Kaminsky Real Estate Group. Consider an FHA loan as opposed to a conventional conforming loan.

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HomeLight

JUNE 9, 2023

Believe it or not, there are actually home sellers who offer to loan buyers the money to purchase their property: it’s called owner financing. Connect with a top agent near you to get an expert opinion on how much your house will sell for, what to fix before listing, and the latest local housing market trends. Selling your house soon?

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Realty Biz

FEBRUARY 7, 2023

We will discuss how to search for a lending institution you will love. You must purchase in a rural area to qualify for a USDA loan. FHA loans are very popular, especially for first-time home buyers. The FHA loan offers a low down payment requirement of 3.5%.

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HomeLight

MARCH 9, 2023

So it’s a great time to be a first-time homebuyer,” explains New Jersey real estate agent Chiquita Pittman , a first-time homebuyer specialist with 25 years of experience. HomeLight can connect you with an experienced buyer’s agent who will walk you through the process of buying your first home. Hispanic 51.5%

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Loans Debt-to-income ratio VA loan FHA loan 96

HomeLight

APRIL 12, 2023

of the purchase price, and 1% for sellers, not including real estate agent commissions. A Top MA Agent Can Help Reduce Your Costs Partner with a top Massachusetts buyer’s agent who can help you navigate your homebuying journey and reduce the final amount you’ll pay at closing. What are closing costs?

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HomeLight

AUGUST 16, 2021

We have enlisted the help of one of Colorado’s top real estate agents, Alexa Elliot , who has helped many of her clients buy their first home in addition to helping buyers with investment properties. down payment and some of the closing costs” needed for an FHA loan , she explains. “I One program will “cover the 3.5%

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HomeLight

DECEMBER 30, 2021

According to the National Association of Realtors® Research Group’s 2021 data , 64% of buyers have conventional loans, 16% have FHA loans and 14% received VA loans. described and compares to the values in the area,” explains top Los Angeles agent Keri White , who is also a home loan, title and escrow specialist.

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HomeLight

JULY 31, 2020

In addition to making sure you meet all the lending requirements, getting your credit in order, and figuring out how much house you can afford , you’ll also need to save money for your down payment. Conventional loans were more likely to have a 20% down payment, and VA loans averaged just 2% down.

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Debt-to-income ratio Loans Equity VA loan 96

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. Your lender will use the lower amount between the purchase price and the appraised value to determine how much money they will lend.

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Purchase and sale agreement Earnest money deposit Short sale Loans 107

HomeLight

DECEMBER 1, 2020

“It’s crazy busy here, but the buyers have such a high expectation of the products that you’ve got to be spot on if you’re going to compete,” says Greg Clark , a top local agent who sells homes 56% faster than the average. Talk with your real estate agent to see if staging would be an ideal option for your home.

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