HomeLight

JANUARY 22, 2024

Are you looking to sell your home “as is” in Colorado? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. Why do sellers consider selling making a as-is home sale? MLS has a field to mark a listing “as is”? Yes Is a real estate attorney required?

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As-is Inspection Finance Investor 91

Realty Biz

SEPTEMBER 30, 2023

By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation. Let's delve deeper into these topics to guide you towards an affordable home financing solution. Can you buy a house with bad credit?

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

HomeLight

OCTOBER 11, 2021

You’re getting ready to start shopping for a house, and you’re pretty certain you want to go with an FHA loan. The Federal Housing Administration backs loans with less strict credit requirements and low down payment options to help families become homeowners. How much house can you afford if you’re getting an FHA loan?

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FHA loan Loans Debt-to-income ratio Closing costs 75

HomeLight

JUNE 9, 2023

Believe it or not, there are actually home sellers who offer to loan buyers the money to purchase their property: it’s called owner financing. Learn More What is owner financing? The buyer has 20%, or $60,000, to put down on the house, but their mortgage company only approves a loan of $200,000. Selling your house soon?

Finance 80

Finance Earnest money deposit Lending Loans 80

Marco Santarelli

MAY 27, 2024

If you're in the market for a house, that 7% average rate on a 30-year fixed loan might feel like a brick wall blocking your dream of homeownership. An assumable mortgage is a way to take over the existing mortgage on a property instead of getting a brand-new loan. The good news is that FHA loans are typically assumable.

Debt-to-income ratio 90

Debt-to-income ratio Mortgages FHA loan VA loan 90

HomeLight

DECEMBER 5, 2023

An assumable mortgage is a type of home loan that allows a new buyer to take over the seller’s existing loan terms, including the interest rate, remaining balance, and repayment period. This can be particularly advantageous if the existing loan’s interest rate is lower than current market rates.

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FHA loan VA loan Mortgages Loans 97

Housing Wire

NOVEMBER 30, 2023

In 2022, HousingWire reported that the FHA was looking to revamp the 203(k) program to address the current affordability crisis by boosting the supply of homes. After receiving the industry’s feedback, the FHA proposes that the maximum costs for the program’s limited version increase from $35,000 to $50,000. 5, 2024.

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Inspection Finance Renovation Loans 399

Housing Wire

DECEMBER 7, 2020

However, as the campaign transitions to the Biden-Harris administration, the incoming team needs to address significant operational and design challenges before such a tax credit is sufficiently ripe for consideration by a narrowly divided Congress. Presented by: Quicken Loans Mortgage Solutions. of the average home price.

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FHA loan Debt-to-income ratio Loans Equity 480

Lab Coat Agents

MAY 21, 2024

In today’s rapidly evolving real estate market, assumable mortgages have emerged as a game-changer for homebuyers seeking to save money and secure favorable financing terms. Qualification Process: While buyers still need to qualify for an assumable mortgage, the process may be more streamlined compared to applying for a new loan.

VA loan 98

VA loan Mortgages Loans FHA loan 98

Housing Wire

MARCH 30, 2021

“The health of FHA’s Mutual Mortgage Insurance Fund has remained resilient despite the financial challenges faced by homeowners with FHA-insured mortgages in 2020,” she said. Tune in April 6 to experience demos from the most innovative loan origination and valuation tech companies in the industry. “MBA

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Mortgages FHA loan Loans Industrial 290

HomeLight

FEBRUARY 21, 2023

Looking to sell a house “as is” in Georgia? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. Top-performing Georgia real estate agent Teresa Cowart works with 77% more single-family homes than the average agent in her Richmond Hill market.

As-is 72

As-is Investor Inspection Closing costs 72

HomeLight

JULY 25, 2022

Looking to sell a house “as is” in Florida? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. Because the market is competitive and it’s so common, it’s just assumed most properties are being sold “as is,’” she says. Need to Sell Your Florida Home Fast?

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As-is Purchase and sale agreement Inspection Closing costs 82

HomeLight

MAY 23, 2022

Looking to sell a house “as is” in Wisconsin? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. Sell 'As Is' With a Cash Offer. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Request Cash Offer.

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As-is Inspection Investor Closing costs 101

HomeLight

MAY 19, 2022

Looking to sell a house “as is” in Maryland? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. There are some misconceptions about what “as is” means, says top-rated Maryland real estate agent Juan Umanzor. “I They want to sell as-is.”. Request Cash Offer.

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As-is Inspection Investor Closing costs 94

Housing Wire

NOVEMBER 17, 2021

With the release to Congress of the FHA Actuarial Study it is time to make this call: HUD Secretary Marcia Fudge and President Joe Biden need to lower the FHA Premium. I say this as a former FHA Commissioner and as someone who, back when the fund was truly stressed, went to Congress asking for additional authority to raise premiums.

Mortgages 382

Mortgages FHA loan Loans Equity 382

HomeLight

AUGUST 23, 2022

Looking to sell a house “as is” in Ohio? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. According to top producing Columbus, Ohio real estate agent, Lorraine (Lori) Lynn , every house is sold ‘as is’ in the state of Ohio. Average sales price in Ohio.

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As-is Investor Closing costs Inspection 90

HomeLight

MAY 23, 2022

Looking to sell a house “as is” in North Carolina? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes the goal is to skip repairs, get a fair offer, and move on. Top-rated North Carolina real estate agent Ashley Schaus had a listing recently that was in really rough shape. Sell 'As Is' With a Cash Offer.

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As-is Purchase and sale agreement VA loan Inspection 79

Rent, Buy & Sell

FEBRUARY 7, 2021

Great credit allows people to get the best interest rates on various types of loans. Bad credit is usually the result of late bill payments, bankruptcy, foreclosure and loan defaults. In this article, we review 3 alternative financing options for the home buyer that has bad credit. What is a Bad Credit Score?

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Loans VA loan FHA loan Hard money loan 98

Point2Homes

AUGUST 26, 2021

In this guide, we’ll take a quick look at the different types of mortgage loans available. Conventional Loans. A conventional loan is any mortgage loan that is not guaranteed or insured by a government entity. These shorter-term loans are great for refinancing and for buyers with a bit of spare change in their pockets.

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Loans Mortgages Fixed-rate mortgage FHA loan 103

HomeLight

MAY 28, 2021

A seller may lack the resources or finances to complete repairs at the moment and doesn’t want to have that contingency to sell the home. You think it’s almost too good to be true when you see one crucial caveat: It’s selling “as-is.” Red flags pop immediately into your head; you assume that can only be a nightmare.

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As-is Inspection Title search Inspection contingency 67

Realty Biz

DECEMBER 30, 2022

It'll enable you to sift through the home loans available to you so that you can decide which one will work best for you. If you're trying to figure out how to finance your home at the moment, we're going to break down some of the most common types of mortgage loans for you. Conventional Mortgage.

Loans 69

Loans FHA loan Mortgages Debt-to-income ratio 69

Realty Biz

JULY 23, 2023

Understanding the implications of 1099 income on mortgage loans is crucial. It's essential to grasp how 1099 income affects mortgage loans and what lenders look for when determining eligibility for home financing. Lenders carefully assess tax returns and stable income to determine eligibility.

Debt-to-income ratio 70

Debt-to-income ratio FHA loan Lending Loans 70

Housing Wire

FEBRUARY 7, 2022

In August, HUD Secretary Marcia Fudge signed an agreement with the Federal Housing Finance Agency to strengthen fair lending enforcement. For a borrower with tarnished credit and thus unable to get conventional financing, an FHA-insured mortgage is the go-to choice.

Banks 328

Banks Lending Loans Mortgages 328

Realtor.com

NOVEMBER 28, 2022

While there are a variety of mortgages aimed at helping homebuyers afford a home—such as FHA loans and VA loans —one type that’s often overlooked are USDA loans, which offer excellent terms to those who qualify, including a 0% down payment and low interest rates. What is a USDA loan?

Loans 95

Loans Mortgages FHA loan Debt-to-income ratio 95

Housing Wire

FEBRUARY 8, 2022

We service their loans. Larry Goldstone is tired of being ghosted. He is used to it by now, but the problem has only gotten worse since the beginning of the COVID-19 pandemic. Goldstone has tried contact via phone calls and emails consistently. If necessary, he even knocks on doors — without success. We know who the borrowers are.

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Loans Pre-approval Mortgages Principal 335

HomeLight

JUNE 21, 2023

If you’re one of the roughly 4 million teachers nationwide, purchasing a home might be a lot easier than you realize, thanks to homebuyer programs for teachers specifically designed to save on down payments and other fees. Others, such as the California Employee Loan Program, or CELP , are targeted to residents in a particular state.

Loans 88

Loans Debt-to-income ratio FHA loan Closing costs 88

Housing Wire

DECEMBER 20, 2021

Wilen’s case illustrates how some Americans have a lot to lose if policies designed to help mortgage borrowers don’t break right. In July 2020, he lost his job as an editor at a consulting firm for spa professionals. It took Wilen, 49, about two months to get a new job. Gas is more expensive. He is afraid of losing his home.

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Pre-approval Loans Mortgages Principal 312

Realty Biz

AUGUST 30, 2021

203k FHA Loans Explained. When buying a fixer-upper, one of your primary considerations should be how you will finance the project. One of the better options is what’s known as an FHA 203k loan. It is a more relaxed type of loan since the U.S. What Should You Know about the FHA 203K Mortgage?

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FHA 203k rehab loan Loans Renovation Due diligence 137

HomeLight

AUGUST 31, 2021

If so, then the 203k loan may offer a way to finance your plans, but first, you’ll need to know both what this loan is and how to get a 203k loan. . It’s widely regarded as one of the best financing programs for people who want to buy, fix, and live in a home. What’s a 203(k) loan?

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Loans FHA loan Pre-approval Finance 78

HomeLight

JUNE 22, 2023

Everyone’s finances and circumstances are different. You would add up all of your monthly debt payments, such as auto loans, mortgage payments, minimum payments on credit cards, student loan payments and installment debts,” explains Marcus Rittman from HomeLight Home Loans.

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Debt-to-income ratio Mortgages FHA loan Loans 82

HomeLight

SEPTEMBER 2, 2021

Here, we’ll walk you through one of the best-known and most widely utilized tools that can help get you those keys: the FHA loan. Read on for more about these loans, the down payment assistance programs associated with them, and some different down payment assistance programs to consider when you buy your first home.

FHA loan 77

FHA loan Debt-to-income ratio Loans Equity 77

Marco Santarelli

OCTOBER 14, 2023

Among these, some of the most prevalent and impactful ones include: FHA Loans: FHA loans, insured by the Federal Housing Administration (FHA) , are a popular choice. In fact, FHA loans necessitate a down payment as low as 3.5%. What Are Government Programs for First-Time Homebuyers?

VA loan 52

VA loan FHA loan Loans Closing costs 52

HomeLight

DECEMBER 30, 2021

For the purpose of home loans, a first-time homebuyer is defined as somebody who has not had an ownership interest in a property in the previous three years,” Helali explains. Are there loans for first-time homebuyers? So, let’s get right into the questions (and answers!). Source: (Wes Hicks / Unsplash).

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Loans FHA loan Debt-to-income ratio VA loan 86

HomeLight

JUNE 30, 2021

A zero-down-payment mortgage is a home loan that you can get without putting any money down — but only for specific loan types, and not every buyer and home will qualify. Financing a home may be more feasible than you think! Because you’re taking out a bigger mortgage loan, you’ll be making larger monthly payments.

VA loan 64

VA loan FHA loan Mortgages Closing costs 64

Realty Biz

AUGUST 21, 2022

Your mortgage loan is likely to be much smaller with this type of housing choice. Small houses generally mean far more breathing room when it comes to a house loan. It has been a crazy seller’s market characterized by bidding wars with many homes selling over the asking price. What Are Some Lower Income Housing Choices?

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VA loan FHA loan Loans Land 116

Marco Santarelli

APRIL 24, 2024

Refinancing essentially allows you to replace your current loan with a new one with a lower interest rate, potentially bringing substantial relief to your monthly payments. FHA Loans: Backed by the Federal Housing Administration, these loans are designed for borrowers with lower down payments (as low as 3.5%).

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Pre-approval Mortgages FHA loan Fixed-rate mortgage 52

HomeLight

NOVEMBER 29, 2021

Research and strategy are involved when deciding on a figure for a down payment, which will depend on your savings and how much you’re willing (and able) to finance. With so many DPA programs, you’ll want to consult with someone who will know them best — your loan officer. What types of mortgage loans are there? Jumbo loans.

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Earnest money deposit FHA loan Purchase and sale agreement Inspection 81