Housing Wire

APRIL 18, 2025

Buyers should also budget for post-closing expenses such as landscaping, window treatments, built-in cabinetry and appliances that may not be included. Transfer taxes, title policies and potential appraisal shortfalls should be considered. For quick move-in homes, closing dates can also be adjusted.

Purchase and sale agreement 329

Purchase and sale agreement New Construction Construction Closing costs 329

Housing Wire

FEBRUARY 19, 2025

Clarify key steps like inspections, appraisals, and the importance of meeting deadlines and any impacts of missing them. Closing: Briefly review what to expect on closing day, including a final walkthrough, signing documents, and collecting the keys to their new home. How will these factors affect a potential offer?

Closing 325

Closing Due diligence Earnest money deposit Pre-approval 325

Keeping Current Matters

JUNE 26, 2025

Flexibility Wins Negotiations Gone are the days of buyers waiving inspections and appraisals just to get a deal done. Now, because they have more homes to choose from, buyers are able to ask for things like repairs, credits, and help with closing costs. Because if your price isn’t compelling, it’s not selling.

Marketing 276

Marketing Closing costs Inspection Agents 276

Housing Wire

FEBRUARY 19, 2021

From low appraisals to surprise credit checks, a number of hurdles could slow your purchase or even derail it altogether. Low appraisals. Not many first-time homebuyers have a good understanding of appraisals. To put it simply, if your appraisal comes in lower than your offer, it could send things back to square one.

Loans 534

Loans Loan Officer Closing Closing costs 534

Housing Wire

JUNE 10, 2021

A concession is when the seller agrees to pay part of a buyer’s closing costs. A seller concession could include putting money towards the inspection costs, appraisal fees, taxes or another expense. Sellers also have to pay closing costs. Naturally, the price a buyer will ask a seller to pay will vary.

Seller concession 546

Seller concession Staging Closing costs Inspection 546

Redfin

FEBRUARY 18, 2025

Can you roll closing costs into your mortgage? Basically, folding your closing costs into your loan means you’ll need less cash upfront at closing. Your lender can explain their specific policies, the rules around this practice, and which costs are eligible to be rolled into the mortgage.

Closing costs 52

Closing costs Closing VA loan Seller concession 52

Housing Wire

MARCH 21, 2024

The third-party mortgage cost has similarities to the characteristics identified in the Consumer Financial Protection Bureau ‘s ( CFPB ’s) recent blog post on closing costs, the CHLA argued.

Closing costs 458

Closing costs Loans Title Finance 458

Housing Wire

MARCH 8, 2023

Eligible borrowers who provide all required documentation within eight business hours will receive a $250 closing cost credit applied at closing, according to the website. Properties must also be eligible for an appraisal waiver and borrowers must opt-in for automated income and asset verification.

Loans 384

Loans Closing Closing costs Mortgages 384

Housing Wire

JULY 26, 2024

Contingencies in the agreement protect both parties if problems arise during the appraisal, inspection, or financing stages of the transaction. A home inspector will inform the buyer of any significant problems with the home, while an appraiser will be required by the lender if your buyer is financing the purchase with a mortgage.

Purchase and sale agreement 431

Purchase and sale agreement Finance Closing costs Closing 431

Housing Wire

JULY 26, 2023

Depending on loan types , borrowers must have a minimum credit score of 620; up to 80% loan-to-value; and appraisals from two different appraisers required for loans that are more than $1.5 With the expanded options, investors could get loans starting as little as $50,000 and up to $2 million.

Investor 370

Investor Closing costs Loans Mortgages 370

Housing Wire

SEPTEMBER 9, 2024

The streamline refi program enables FHA borrowers to refinance their mortgage by reducing underwriting requirements for income verifications and appraisals. Better will evaluate the borrower’s credit report to assess the subject property payment history and to ensure the credit score meets the investor threshold. million.

FHA loan 421

FHA loan Loans Closing costs Finance 421

Housing Wire

DECEMBER 22, 2020

They’ll send out an appraiser, who will analyze the property and local market to assess its worth. If the appraisal comes in lower than that amount, you’ll need to renegotiate or make up the difference in cash. As long as you go through with the deal, the deposit will go toward your closing costs and down payment.

Fixed-rate mortgage 421

Fixed-rate mortgage Pre-approval Mortgages Loan Officer 421

Housing Wire

DECEMBER 4, 2023

A single home purchase transaction involves buyers, sellers, real estate agents, mortgage lenders, settlement companies, appraisers, insurance companies, and court systems, to name a few. Appraisers consider seller closing-cost credits, transaction nature, property conditions and more.

Mortgages 441

Mortgages Agents Closing costs Finance 441

Housing Wire

JULY 12, 2023

The lender said qualified buyers will receive up to $10,000 toward their downpayment/closing costs with BorrowSmart Geo-Target, or $5,000 toward their downpayment/closing costs and up to $1,000 toward home warranty and appraisal costs with the HomeReady SPCP.

Closing costs 370

Closing costs Finance Lending Development 370

HomeLight

MAY 27, 2025

Closing Cost Calculator for Florida: Seller Averages This free calculator can help home sellers in Florida estimate their closing costs and net proceeds. To get a ballpark idea of the cost of selling a house in the Sunshine State, enter the information for each of the input fields above.

Closing costs 52

Closing costs Closing Mortgages Agents 52

Housing Wire

SEPTEMBER 30, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Buyers “are waiving inspections, an appraisal contingency, and the latest trend is to pay closing costs usually done by the seller.” Kansas City, Missouri. One kid will give $4 instead of $1.

Marketing 370

Marketing Loan Officer Closing costs Inspection 370

Housing Wire

SEPTEMBER 19, 2024

“While well-priced homes will still attract a lot of buyers, sellers need to be prepared to negotiate not only on price, but also on concessions, including home inspection and appraisal contingencies, and closing cost assistance,” Bright MLS chief economist Lisa Sturtevant said in a statement.

Sales 431

Sales Closing costs MLS Inspection 431

Housing Wire

DECEMBER 21, 2023

Benefits can include: No down payment Competitive interest rates No private mortgage insurance (PMI) Limited or no closing costs Funding fee waived for service-connected disabled veterans More favorable credit criteria Loan types There are a number of VA loan options to meet the needs of today’s veteran buyers, including purchase and refinance.

Loans 441

Loans VA loan Mortgages Lending 441

Housing Wire

NOVEMBER 7, 2023

Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points. “But agent commissions have never been a closing cost from a buyer perspective. Grant said.

VA loan 458

VA loan Agents Seller concession FHA loan 458

Housing Wire

MARCH 20, 2024

The upfront lump sum can be applied toward a down payment, closing costs or other expenses related to the homebuying process. Ally is partnering with HouseCanary, a tech-forward appraisal firm, to help consumers identify grant-eligible properties using the Ally ComeHome search portal.

Banks 430

Banks Closing costs Lending Equity 430

Housing Wire

JULY 28, 2022

Whereas the November jumbo ARM product required one appraisal for purchases up to $3 million, the new iteration requires on appraisal for loans up to $1.5 million and two appraisals from different appraisers for loans above $1.5 discount point, and all closing costs paid for by them.”

Loans 384

Loans Mortgages Closing costs Design 384

Housing Wire

APRIL 30, 2024

million families under the Equitable Housing Finance Plans ”by educating consumers, reducing closing costs, introducing innovation into underwriting, and combating appraisal bias,” the agency stated. FHFA explained some of the actions it has taken to address housing inequality. These include having served nearly 2.6

Lending 428

Lending Finance Closing costs Closing 428

HomeLight

MAY 22, 2025

Closing Cost Calculator for Colorado: State Averages This free calculator can help home sellers in Colorado estimate their closing costs and net proceeds. To get a ballpark idea of the cost of selling a house in the Centennial State, enter the information for each of the input fields above.

Closing costs 52

Closing costs Closing Mortgages Agents 52

Housing Wire

JULY 7, 2022

Among them are Chase Home Lending — which last year started providing grants toward down payments and closing costs in minority neighborhoods — and TD Bank , which provides grants for closing costs and expanded underwriting in certain geographic areas.

Equity 421

Equity Lending Closing costs Development 421

HomeLight

JANUARY 31, 2025

When youre preparing to sell or buy a home, the phrase closing costs will be spoken (and written) on both sides of the transaction table. But what are closing costs? Understanding these costs upfront can help you budget properly and avoid surprises. Get Started What are closing costs?

Closing costs 104

Closing costs Closing Title Seller concession 104

Housing Wire

SEPTEMBER 10, 2022

The SPCP, called “closing the gap,” permits a 1% down payment with a free appraisal, free home warranty program, free homebuying counseling and financial assistance with closing costs. The SPCP loan program will be piloted in Atlanta, Baltimore, Chicago, Detroit, Memphis and Philadelphia.

Loans 421

Loans Development Closing costs Finance 421

Housing Wire

MARCH 28, 2022

iBuyers use data to create unique but scalable pricing structures for things like appraisals, in which they can appraise homes without having to send out an individual appraiser, like a traditional buyer. One of the key components of iBuying is the use of data.

Marketing 384

Marketing Title Technology Closing costs 384

Housing Wire

FEBRUARY 5, 2021

It specializes in low-rate mortgage refinances, in which it originates a loan with no closing costs, including appraisal, credit report, escrow and title. According to the NMLS, Owning has 62 loan officers and was formed in 2018. The company appears to be only licensed in California.

Loan Officer 421

Loan Officer Loans Closing costs Title 421

Housing Wire

AUGUST 6, 2021

While refinancing can be a good way to build equity and manage debt, it can cost money – anywhere between 3% to 6% of the amount of debt you still owe on your current loan. So while you might eventually save money from refinancing, you’ll also spend money on closing costs.

Title search 432

Title search Title Closing costs Loans 432

Housing Wire

FEBRUARY 3, 2023

By maintaining initial asking prices, builders can help keep current values in the neighborhood and ensure appraised values for buyers,” the company said in a statement. Instead of reducing the price of the house, borrowers can take on a lower monthly mortgage payment by lowering the rate, Guaranteed Rate said. “By

Loans 370

Loans Loan Officer Closing costs Mortgages 370

Housing Wire

MARCH 15, 2024

At this early stage, it’s unclear how such commissions would be paid since buyers could pay their agents out of their pockets or negotiate commissions as a seller concession in the closing costs. Caccia, the LO at CCM, expects homebuyers to request a closing cost credit to cover their agents’ commissions.

Industrial 504

Industrial Seller concession Purchase and sale agreement Agents 504

Housing Wire

MAY 17, 2024

The grant can be combined with state and local homebuyer assistance to lower the interest rate and/or reduce the closing costs and down payment. It also offers a homebuyer grant that distributes up to $7,500 in eligible areas.

Lending 454

Lending Closing Banks Commercial 454

HomeLight

OCTOBER 25, 2023

Whether you’re buying or selling, you’re probably wondering how to avoid closing costs. Unfortunately, there’s no way to eliminate them altogether, but there are ways you can lower your closing costs regardless of the state of the market. Inspections and home appraisal fees. Title and settlement fees.

Closing costs 119

Closing costs Closing Title Inspection 119

HomeLight

MAY 29, 2025

Closing Cost Calculator for Nebraska: Seller Averages This free calculator can help home sellers in Nebraska estimate their closing costs and net proceeds. To get a ballpark idea of the cost of selling a house in the Cornhusker State, enter the information for each of the input fields above.

Closing costs 52

Closing costs Closing Mortgages Agents 52

HomeLight

MAY 26, 2025

Closing Cost Calculator for California: Seller Averages This free calculator can help home sellers in California estimate their closing costs and net proceeds. To get a ballpark idea of the cost of selling a house in the Golden State, enter the information for each of the input fields above.

Closing costs 52

Closing costs Closing Mortgages Loans 52

Housing Wire

MARCH 1, 2021

You often won’t need a credit check, home appraisal or much paperwork, and you can close on your loan in just a couple of weeks. . They usually come with lower closing costs, too, making them a great way to save both time and money. It doesn’t stop there.

Mortgages 432

Mortgages VA loan Loans Loan Officer 432

Housing Wire

DECEMBER 18, 2023

They’re going to struggle to come up with closing costs in addition to that, and what we don’t want to see is the marginalization of those buyers … our first-time homebuyers, our first-generation homebuyers and even our middle and low-income buyers. “But So even with that one step, it’s important to have a Realtor.”

MLS 466

MLS Loans Closing costs Industrial 466