Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. Are we really doing those types of loans and promoting homeownership again without understanding the risks?

Loans 543

Loans Banks Equity Closing costs 543

Realty Biz

MARCH 16, 2023

If qualifying for a conventional loan is difficult, and you aren't eligible for VA or USDA loans, an FHA loan could be the answer. FHA loans allow you to pay 3.5% But there are also downsides to FHA-insured loans. So is this type of loan right for you? We take a look at FHA loan requirements.

FHA loan 89

FHA loan Loans Debt-to-income ratio Due diligence 89

HomeLight

SEPTEMBER 30, 2021

We’ll explain how credit plays into homebuying, introduce loan programs geared specifically toward those with a low income, and offer tips on how to cut back on expenses and save for that dream house. You’ll want to have a strong credit score so that you can qualify for a home loan and get a good rate. How much to put down.

Loans 80

Loans Pre-approval Mortgages VA loan 80

Realtor.com

OCTOBER 7, 2020

The law basically did away with subprime mortgages and created stricter standards for who was eligible to receive the home loans. He was against allowing bankruptcy judges more power in restructuring the terms of mortgages on primary residences. The amount was doubled for couples. What would Sen. Kamala Harris mean for housing?

Bankruptcy 93

Bankruptcy Mortgages Closing costs Loans 93

HomeLight

MAY 23, 2022

Schaus does business in the area of Fort Bragg, which means that Department of Veterans Affairs home loans ( VA loans ) are used very often by buyers. Any known flood hazard or if the property is located in a federally-designated flood hazard area. Be aware of minimum property standards for certain loans.

As-is 81

As-is Purchase and sale agreement VA loan Inspection 81

HomeLight

JANUARY 25, 2023

This company assigns customers to a designated coordinator who provides updates and works directly with you. They also specialize in quick sales, stating on their website that they usually deliver a cash offer within one hour and can close in as little as seven days. The company also takes pride in its customer relationships.

Purchase and sale agreement 73

Purchase and sale agreement Closing costs Closing Agents 73

Real Estate Finance HQ

AUGUST 25, 2017

This guide outlines the types of, as well as the necessary qualifications for, FHA loans. What is a FHA Loan? Higher than Conventional Loans. Income: FHA mortgage loans require a steady source of income and consistent employment for at least two years. Most borrowers can get an FHA loan with only 3.5%

FHA loan 40

FHA loan Debt-to-income ratio Inspection Loans 40