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Desperate for deals, mortgage pros get creative

Housing Wire

Brian Parkinson, a loan originator at Alerus Mortgage , says that niche loans – including bridge loans, construction loans, doctor loans and professional series loans for CPAs and attorneys – are a great way to grab an agent’s attention in a market where referrals are critical. Some markets like New Jersey don’t have land to build new homes.

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Getting a Home Loan With Low or No Down Payment

Realty Biz

This type of mortgage can be used, not only, to buy homes in rural areas, but also for renovations, new constructions, and relocating a house. Money from this loan can be spent on a land purchase, and for connecting utilities. Along with zero down, it offers lower interest rates and closing costs.

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10 Steps for Navigating the New Construction Home Buying Process

HomeLight

The average cost of building a new house can range between $165,563 and $474,977 , and it could save you up to 15% in comparison to buying an existing home — but what do you know about the new construction homebuying process? Have you weighed all the pros and cons of buying new? Pros of new construction.

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Buying New Construction for the First Time? Here Are the Dos and Don’ts You’ll Need to Know Before Jumping In

HomeLight

You’re looking at new construction as an option for your new home and love the idea of buying a brand-new house that has never been lived in before. However, you want to arm yourself with the tools and insider information so you don’t get too carried away with the new build. The dos of buying new construction.

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Vigas, Nichos and Stucco Dreams: How to Buy a House in Albuquerque

HomeLight

Albuquerque, New Mexico, began marketing the beauty and vibrancy of its community as The Land of Enchantment more than 80 years ago. attracting new residents for its breathtaking scenery, healthy job market, and cultural diversity. It was a statement and a prophecy. Source: (Corinne Kutz / Unsplash). A few negotiating tips.

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What Costs Are Involved in Selling My House?

HomeLight

Besides your mortgage payoff, homeowners typically incur a number of costs in selling a home — whether they work with an agent or offer the property for sale by owner (FSBO). Fortunately, by using the free tools available at Homelight, you can easily estimate your costs and even explore a variety of sale options. from one year ago.

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A Guide to USDA Loans: A 0% Down Payment, Low-Interest Mortgage More Homebuyers Should Consider Now

Realtor.com

land is located within USDA loan–eligible boundaries, where about one-third of all Americans currently reside. They can be used to purchase townhouses as well as single-family homes, fund new construction , or renovate an existing home. What is a USDA loan? According to the Housing Assistance Council, 97% of U.S.

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