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).

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Purchase and sale agreement Pre-approval Debt-to-income ratio Pre-qualification 104

HomeLight

FEBRUARY 12, 2021

Today, FHA loans represent a fair share of the mortgage market; in 2018, the FHA insured 12.1% As a seller, you’re usually not taking on additional risk by accepting an offer from a buyer pre-approved for an FHA loan than you would with a buyer pre-approved for a conventional loan. of all mortgage originations.

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FHA loan Loans Pre-approval Pre-qualification 111

HomeLight

JUNE 28, 2021

Due to the nature of how a home becomes a “HUD home,” purchasing one differs from the traditional homebuying process, and there are a few qualifications, special incentives, and risks that any savvy homebuyer should be aware of. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction).

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Pre-approval Pre-qualification FHA loan Inspection 105

Realty Biz

FEBRUARY 7, 2023

Some of the most popular include conventional loans, FHA, VA, and USDA. Each of these types of loans has its pros and cons. Some will have specific qualifications. For example, a VA loan is excellent because it is a no-down payment option. VA loans are specifically for the armed forces.

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Pre-approval Mortgages Pre-qualification VA loan 77

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).

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Loans VA loan FHA loan Purchase and sale agreement 105

The Close

MAY 28, 2025

620 Conventional loans FHA loans VA loans Jumbo loans Average turn time is 42 days Visit Better Mortgage Conventional: 6.75% FHA: 6.625% VA: 6.5% 620 Conventional fixed-rate loans FHA loans VA loans Jumbo loans Investment property loans Underwriting can take anywhere from a few days to a few weeks Visit U.S.

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VA loan FHA loan Mortgages Pre-approval 52

Redfin

APRIL 7, 2023

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. Get pre-approved for a mortgage My advice to first-time homebuyers is to find a good loan officer and get pre-approved, fully underwritten approval is best.

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

Redfin

AUGUST 29, 2024

These loans are typically issued for more expensive homes and come with stricter qualification requirements. FHA loan: These loans are backed by the Federal Housing Authority (FHA) and primarily help low-to-moderate-income borrowers who are less likely to qualify for conventional loans. VA loan: Backed by the U.S.

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Earnest money deposit Purchase and sale agreement Pre-approval Debt-to-income ratio 63

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. Looking to Buy Your Dream Home in the Bay Area?

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Earnest money deposit Closing Sales Title 110

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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Earnest money deposit Closing Sales Inspection 118

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. 10 Mistakes to Avoid When Buying a Home 1.

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

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 111

Loans Pre-approval Inspection Agents 111

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!

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Mortgages Debt-to-income ratio Loans Closing costs 85

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. Here’s a quick breakdown: Loan type. Competitive rates, widely available, lower fees than FHA loans. VA (government-backed).

Closing costs 105

Closing costs Purchase and sale agreement Inspection Loans 105

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.

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