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What Is a VA Loan? Benefits, Requirements, and How to Apply

Realty Biz

Military borrowers looking to buy or refinance a home might want to consider a VA loan. Department of Veterans Affairs (VA), this loan option can make buying a home easier for those who might otherwise struggle to afford a mortgage. What Is a VA Loan? Benefits of a VA Loan. Backed by the U.S.

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Three trends to watch in 2023

Housing Wire

Potential buyers who may have had an FHA or VA loan were left behind as about one-quarter of the market was paying all cash for homes. For some, the idea of staging and easy remodeling fixes to sell did not need to happen to quickly obtain a buyer. At the height of the spring market, the typical home had 5.5

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In the Military and Selling a House: Programs and Resources for Service Members

HomeLight

This minimum equity ensures that you’ll have the funds for necessary home sale expenses (such as staging , repairs , and closing costs ), plus some leftover profit to put towards your next down payment or security deposit. VA-backed mortgage as marketing. Another benefit of VA loan assumption is lower closing fees.

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Mortgage Delinquencies Hit Lowest Level Since Q4 2019

RIS Media

Key findings: Compared to last quarter, the seasonally adjusted mortgage delinquency rate decreased for all loans outstanding. By stage, the 30-day delinquency rate decreased 6 basis points to 1.59%, the 60-day delinquency rate remained unchanged at 0.56%, and the 90-day delinquency bucket decreased 48 basis points to 1.96%.

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Moving for the Military? Your Guide to Selling a House Under PCS Pressure

HomeLight

In 2019, most sellers (89%) sold their home with the help of a real estate agent. So, take a step back to evaluate your next move, which might be: Hire an agent with a military-friendly skill set. When hiring an agent, military sellers should focus on a key stat in the agent’s track record: days on market (DOM).

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What to Know About Closing on a Home

Point2Homes

However, following some simple guidance from your real estate team — including your real estate agent and mortgage lender — will help ensure a smooth transaction. In 2021, closing times have stretched to 51 days for conventional loans. For FHA loans, this is even longer at 55 days, while VA loans are 57 days.

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What Home Sellers Need to Know about Closing Costs in Kentucky

HomeLight

In Kentucky, the average closing costs for sellers are approximately 2% of the sale price or $3,000 for a $150,000 home (which is the average selling price across the state) and the agent’s commission, which is 5-6% of the sale price or up to $9,000 on a $150,000 home sale for a total of approximately $12,000 in costs. Loan Payoff Fee.