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The risk of zero-down loans while the Fed talks recession

Housing Wire

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?

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How to Buy a House with No Money Down

C4D Crew

Bad or damaged credit is a big reason people have trouble financing a house, but another common problem for homebuyers is the down payment — many people, in a recent study by Jackpot.com, said paying down debt on a house is a first thing they’d do if they won the lottery — it means that much to people. What About a Gift?

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How to Determine if Rent-to-Own or a Mortgage is Best for You

Realty Biz

Financing a home can be challenging, though. Rent-to-own is a great way to buy a house after bankruptcy or when you have a ding in your credit. With this type of financing, you lock in a price at the beginning of the lease. Conventional loans: For buyers with good credit, this is the most common loan.

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17 Home Closing Delays and How You Can Avoid Them

HomeLight

In the February 2020 Realtors Confidence Index survey by the National Association of Realtors, 77% of real estate agents responded that contracts closed on time, and 19% reported delays but eventually closed; 4% of contracts were terminated. So the answer to “how long does it take to close on a house?” Loan approval.

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7 of the Top We Buy Houses for Cash Companies in Chicago

HomeLight

With 15 years in the business, Diamond Equity Investments say they’ll buy houses being sold for any reason such as bankruptcy or foreclosure, in any condition — even fire damage — and that have baggage like large liens, title issues, or low equity. Closing costs: Sellers pay no closing costs; Diamond Equity Investments covers them.

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6 of the Top We Buy Houses for Cash Companies in Lakeland, Florida

HomeLight

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. Closing costs: Sellers pay no closing costs; BluRobin Homes covers them. Closing costs: Sellers pay no closing costs; Rob JR Buys Houses covers them.

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6 of the Top We Buy Houses for Cash Companies in Atlanta

HomeLight

After one showing, sellers get a no-obligation offer and can choose their closing date. Closing costs: According to the company website, Better House Buyers takes care of closing costs. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. out of 5-star rating.