HomeLight

SEPTEMBER 30, 2020

The best way to get a deal on a short sale is to find one that’s priced under fair-market value. “You have to wait for the current owner’s bank to approve the short sale,” says Jessica Sanchez, Director of Underwriting and Loan Management at HomeLight. All short sales require bank approval.

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Short sale Loans Sales FHA loan 138

Realty Biz

FEBRUARY 7, 2023

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%. They also have relaxed credit score requirements compared to other loans.

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Pre-approval Mortgages Pre-qualification VA loan 75

Redfin

MARCH 28, 2023

With so many neighborhoods, housing styles, and factors to consider, navigating the real estate market can be overwhelming. To help you get started, we turned to some of Redfin’s top Chicago Agents and Partner Agents to provide tips and advice for first-time homebuyers. – Ashley Arzer | Redfin Premier Agent 3.

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Pre-approval FHA loan Loans Agents 59

Redfin

APRIL 7, 2023

With its pristine beaches, year-round sunshine, and thriving job market, it’s no wonder that so many people dream of owning a home in America’s Finest City. To help you get started, we turned to some of Redfin’s top Partner Agents in San Diego to help you navigate the process with confidence.

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Pre-approval Agents Pre-qualification Debt-to-income ratio 59

RIS Media

OCTOBER 29, 2020

Let’s take a look at some of the key things to consider before you jump into the real estate market and buy your first house. The Federal Housing Administration (FHA) backs the FHA loans program. FHA mortgage programs are one of the most popular among first-time homebuyers. Getting Prepared. Preapproval.

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Pre-approval FHA loan Inspection Closing costs 139

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 90

HomeLight

JULY 31, 2022

These are standards related to the overall condition of a property which will play a role in the willingness and/or ability of a lender to finance a buyer’s loan. But when you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan.

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Closing FHA loan Purchase and sale agreement Inspection 98

Redfin

JULY 3, 2023

Arizona housing market insights The Arizona housing market is experiencing some notable trends and shifts. Several cities in Arizona have emerged as competitive real estate markets, including Pinetop , Flagstaff , and Cottonwood. year-over-year, indicating a tightening market. decrease compared to the previous year.

Pre-approval 58

Pre-approval FHA loan Debt-to-income ratio Loans 58

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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Earnest money deposit FHA loan Pre-approval Finance 87

HomeLight

OCTOBER 5, 2020

Short sales are rarer in the housing market nowadays. According to Melanie Hunt , a top-selling real estate agent in Fort Worth, Texas , who has sold 74% more single-family homes than the average area agent, “Getting a preapproval is one of the most important things a buyer can do to improve their odds of securing a short sale.”

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Short sale Sales Pre-approval Pre-qualification 85

HomeLight

JUNE 28, 2021

With properties often available below market value and down payment options potentially as low as 3.5% , purchasing a HUD home could be your golden ticket. FHA loans are geared toward individuals in need of lower down payments, or those who may not qualify for conventional loans due to lower credit scores.

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Pre-approval Pre-qualification FHA loan Inspection 99

HomeLight

OCTOBER 27, 2020

If you are applying for an FHA loan , for example, you’ll have to provide your tax returns, no matter what. There are other circumstances when tax returns are required, too, such as if you own rental property, or if you are investing in the stock market and earn income from dividends. Step 6: Get pre-approved for a loan.

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Debt-to-income ratio Pre-approval Pre-qualification Loans 103

RIS Media

MAY 19, 2021

It has become common practice in some markets to ask the seller to pay some or all of the closing costs when you purchase a home. 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.

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Closing costs Closing VA loan Pre-approval 109

Redfin

JUNE 29, 2023

However, navigating the homebuying process in Michigan requires careful consideration of factors such as location, market conditions, financing options, and legal requirements. If you’re a first-time homebuyer and want to know more about the market, Redfin has your back. What’s it like to live in Michigan?

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Pre-approval Purchase and sale agreement FHA loan Closing costs 58

Lighter Side of Real Estate

OCTOBER 11, 2023

But it serves as a great reminder that it’s possible to buy a multifamily with a lower down payment, and it’s another option in the market for prospective investors to consider. But with an FHA loan, you have to pay it for the entire length of the loan.

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Pre-approval FHA loan Loans Investor 98

HomeLight

MARCH 6, 2023

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Appraisals are typically needed when applying for a mortgage or refinancing a home loan. Get Estimate Why is a home appraisal needed?

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Pre-approval Purchase and sale agreement Agents Loans 82

HomeLight

MARCH 6, 2023

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. Loans are between 3%-3.5% Looking to Buy Your Dream Home in the Bay Area?

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Closing Earnest money deposit Sales Title 94

Windemere Buying

OCTOBER 18, 2021

By working closely with your agent , you can identify these pitfalls ahead of time and adjust accordingly. Not getting pre-approved Getting pre-approved is a key component of the early stages of the buying process and will help to maximize your chances of getting your offer accepted.

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Pre-approval Pre-qualification Debt-to-income ratio Inspection 52

HomeLight

MARCH 6, 2023

Whether you’re new to the housing market or buying a second home, it’s easy to get confused with all the lingo. Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Get Estimate What is a home appraisal?

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Pre-approval Banks Loans Inspection 64

HomeLight

MARCH 2, 2023

If you’re shopping for a home in San Diego, a trusted buyer’s agent is a key member of your team. HomeLight analyzes millions of transactions and thousands of reviews to find you a proven, top-performing agent in just under two minutes. Find a Buyer's Agent What will it cost to buy a home in San Diego?

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Closing Earnest money deposit Sales Inspection 98

Redfin

MAY 2, 2023

An overview of the Colorado housing market In the last year, the housing market in Colorado has been fiercely competitive due to significant demand, causing home prices to rise rapidly, particularly in sought-after locations such as Denver, Boulder, and various mountain towns.

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Pre-approval FHA loan Loans Finance 63

HomeLight

AUGUST 31, 2020

For example, both conventional and FHA loans offer first-time buyers the opportunity to purchase a home with only 3% down (conventional) or 3.5% down (FHA). Don’t forget to do your research and ask plenty of questions when talking to lenders and your real estate agent about local and state first-time buyer programs.

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Debt-to-income ratio FHA loan Pre-qualification VA loan 73

Windemere Buying

JUNE 25, 2021

Buyers are constantly looking for ways to streamline the buying process , whether that’s working with their agent to identify how they can increase their buying power , getting pre-approved , or being as cash-ready as possible. Other Other types of loans offer an alternative to conventional mortgages.

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VA loan Mortgages FHA loan Pre-approval 52

Redfin

AUGUST 3, 2023

Georgia housing market insights The Georgia housing market has experienced some notable recent changes in demand and supply. Rising mortgage rates have played a significant role in deterring some buyers from entering the market. Check out this article to learn more about the pros and cons of living in Georgia. year-over-year.

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Purchase and sale agreement Pre-approval Debt-to-income ratio Loans 58

HomeLight

DECEMBER 27, 2021

To help you, we have compiled a checklist of effective home preparation and staging tips based on research and expert advice from Chris Pappalardo , ranked in the top 2% of agents in Greensboro, North Carolina, and Edward Kaminsky , who works with 66% more single-family homes than the average Manhattan Beach, California, agent.

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Pre-approval Inspection Staging Renovation 111

Redfin

APRIL 21, 2023

From beachfront condos to suburban single-family homes, the state’s diverse real estate market can make deciding where to start your search challenging. An overview of the Florida housing market The Florida housing market is known for its diversity, with various options available to buyers at all price points.

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Pre-approval Closing costs Title Loans 63

HomeLight

AUGUST 16, 2021

A few places to find them include HUD’s list of local homebuying programs , the FHA’s list of state-by-state DPA programs … and, well, Google. Your real estate agent is another great resource for help!). This loan backed by the Federal Housing Administration is ideal for those with low savings or a just-OK credit score.

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Loans VA loan FHA loan Purchase and sale agreement 101

HomeLight

JANUARY 12, 2022

Conventional loan. The seller’s portion of closing day usually takes one to two hours , according to Sherry Wiggs , a top real estate agent in Westchester County, New York. The seller’s portion of closing day usually takes one to two hours , according to Sherry Wiggs , a top real estate agent in Westchester County, New York.

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Closing Purchase and sale agreement Pre-approval Inspection 111

HomeLight

JUNE 15, 2023

Joanne McCoy , a first-time homebuyer specialist in Lincoln, Nebraska , and Richie Helali, a HomeLight Home Loans expert, weigh in to help buyers understand the breakdown of that bottom line. Step one: Talk to a few buyer's agents! Your real estate agent can obtain HOA transfer fee information for you.

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Closing costs Closing Title Inspection 94

HomeLight

AUGUST 20, 2021

After all the work of preparing, marketing, and showing your house, it’s finally under contract at top price. “The purpose of an appraisal is to determine the market value of a home at a specific point in time,” explains Brandy March, executive officer of the Iowa Real Estate Appraiser Examining Board. .

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FHA loan Inspection Pre-approval Loans 103

Redfin

JUNE 14, 2023

From market insights and the homebuying process, read on to make the jump to homeownership. North Carolina housing market insights The housing market in North Carolina is a vibrant and flourishing industry that presents potential buyers with numerous choices. If you need help figuring out where to start, Redfin has your back.

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Pre-approval Debt-to-income ratio Closing costs Title 59

HomeLight

OCTOBER 27, 2021

“If you can get to a home as a preforeclosure before it goes into foreclosure, that’s the best route,” explains Donny Piwowarski , a top-selling agent who works with 84% more single-family homes than the average agent in his region of Tracy , California. “A A preapproval will also help you be as competitive as possible in a hot market.

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Purchase and sale agreement Inspection Homeowner’s association Title 93

Redfin

FEBRUARY 10, 2021

What to Expect for the Housing Market in 2021. housing market is different. While the economy expands and contracts, the housing market reacts, producing buyers and seller’s markets. The housing market will remain strong through 2021 as the economy recovers from the pandemic-driven recession.

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Debt-to-income ratio Pre-approval Inspection Purchase and sale agreement 76

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. Research your market. There’s much to learn about your local real estate market before diving into making offers. Start here.

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Closing costs Purchase and sale agreement Inspection Loans 103

The Close

APRIL 28, 2022

In today’s tight inventory market, trying to help buyers with financing and limited funds feels a little like getting into a boxing match with Mike Tyson. Luckily, beating a cash offer on a house is not as hard as many agents think. On the other hand, I have not lifted a finger to help an agent who was rude and standoffish.

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Rent back Closing costs Finance Agents 104

HomeLight

OCTOBER 29, 2021

If you’ve been following the real estate market with even a modicum of interest over the last, oh, say, year-and-a-half, it probably hasn’t escaped you that home prices are only getting higher. You want to get pre-qualified , and you want to know what types of programs are out there so you can understand your goal and how to budget.”.

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Loans FHA loan Pre-approval Closing costs 95

HomeLight

MAY 19, 2022

There are some misconceptions about what “as is” means, says top-rated Maryland real estate agent Juan Umanzor. “I Average days on market for Maryland. Yes, according to Umanzor, there is an as-is addendum for agents to complete. It’s very important for sellers to work with a top agent,” Umanzor says. “I Disclosures.

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