As-is Closing costs FHA loan Pre-qualification 
HomeLight
FEBRUARY 12, 2021
You’ve just received the first offer on your home — and it’s backed by an FHA loan. So what do you need to know about FHA loans as a seller? Today, FHA loans represent a fair share of the mortgage market; in 2018, the FHA insured 12.1% FHA loans help make homeownership more accessible.
Realty Biz
APRIL 8, 2024
This includes checking your credit score, saving for a down payment, and getting pre-approved for a mortgage. This includes checking your credit score, saving for a down payment, and getting pre-approved for a mortgage. What Is a Mortgage Pre-Approval? What Are Closing Costs? Buying your first home is a big deal.
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HomeLight
OCTOBER 22, 2021
There are a host of other costs that come with homeownership, and knowing how much you’ll really end up paying can feel like guesswork. You may be wondering how affordability calculators work if you’re ready to get some numbers down on paper before showing up for a pre-qualification meeting with a lender.
Marco Santarelli
OCTOBER 6, 2023
However, certain programs like FHA loans and VA loans allow for lower credit scores. FHA loans can accept a credit score as low as 500 with a higher down payment, while VA loans often require a credit score of 580. Buying a house with no money down is possible, but it requires a good credit score.
Realty Biz
MARCH 30, 2023
Having a firm understanding of how much you can afford to spend on a mortgage and the associated costs that come with owning a home will do wonders in helping you find the best potential rates. There are fixed-rate mortgages, adjustable-rate mortgages, hybrid loans, reverse mortgages, and FHA loans that all come with varying interest rates.
Realty Biz
FEBRUARY 7, 2023
Once you have figured out the loan term and whether it is fixed or assumable, you should consider the loan type. What Type of Loan Program Works For You? Understanding the perfect mortgage fit for you is part of preparing to get a home loan. Each of these types of loans has its pros and cons.
HomeLight
AUGUST 31, 2020
Knowing whether you qualify and how to qualify as a first-time homebuyer is half the battle, then comes understanding the advantages — like low-money-down or no-money-down loans and grants that often accompany the coveted first-time buyer status. down (FHA). USDA Rural Development loans also allow for 100% financing (or 0% down).
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