HomeLight

AUGUST 31, 2020

If you don’t have a lot of cash saved and you are a veteran or looking for a home a bit outside of the city, then you may qualify for no-down payment loans, such as a VA or USDA loan. USDA Rural Development loans also allow for 100% financing (or 0% down). For example, pre-pandemic, an FHA loan could be secured with 3.5%

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Debt-to-income ratio FHA loan Pre-qualification VA loan 66

HomeLight

AUGUST 16, 2021

Your real estate agent is another great resource for help!). You can qualify for loans with as little as 3.5% Service members, veterans, and surviving spouses qualify for these loans with 0% down. For these loans, qualified first-time buyers can make a down payment as low as 3%. Source: (Emmanuel Ikwuegbu / Unsplash).

Loans 96

Loans VA loan FHA loan Purchase and sale agreement 96

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. The higher your score, the more likely you’ll be approved for a mortgage, and the better rate you’ll be offered. Let’s get to it!

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Closing costs Purchase and sale agreement Inspection Loans 104

HomeLight

MAY 31, 2021

And while you can expect to answer plenty of questions from your mortgage lender about qualifying for a loan, as a buyer, there are also several important questions you should be asking your lender. These are things you just might not know as a buyer — but your agent and loan officer can give you guidance!

Mortgages 58

Mortgages Debt-to-income ratio Loans Closing costs 58

HomeLight

NOVEMBER 16, 2021

We examined a range of programs for you to explore and consulted an experienced agent to help you understand what’s available and whether it’d be a good fit for you. Through the Home Partners program, prospective rent-to-own homebuyers start by filling out a pre-qualification application. Source: (Jonathan Francisca / Unsplash).

Purchase and sale agreement 82

Purchase and sale agreement Pre-approval Debt-to-income ratio Pre-qualification 82

HomeLight

APRIL 11, 2022

The Uniform Standards of Professional Appraisal Practice — or quality control standards — require an appraiser to be impartial and “ not favor a predetermined outcome ,” according to the Appraisal Foundation, the nation’s Congressionally authorized source of appraisal standards and qualifications. Real Estate Agent. Jeremy Zucker.

Loans 102

Loans Pre-approval Agents Inspection 102

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 87

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?

Closing 92

Closing Earnest money deposit Sales Inspection 92

The Close

DECEMBER 29, 2022

Whether you’re a veteran agent or a rookie hoping to sound authoritative during your first transaction, you need to be able to succinctly explain common real estate terms and definitions to your clients. It might feel stressful, but handling contingencies well is actually a time when you, as the agent, can really shine.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98