article thumbnail

What Does Clear to Close Mean, And How Much Longer Before I’m a Homeowner?

HomeLight

Bankruptcy documents. What happens before the clear to close? According to Ellie Mae’s Origination Insight Report for 2019 , the average closing takes about 47 days from start to finish. According to Ellie Mae’s Origination Insight Report for 2019 , the average closing takes about 47 days from start to finish.

Closing 74
article thumbnail

Selling a House ‘As Is’ in North Carolina

HomeLight

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. These companies can help sellers cash out quickly and many will cover a seller’s closing costs. Fees: Sellers do not pay closing costs.

As-is 84
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

21 Dos and Don’ts When Buying a Home

HomeLight

Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. When shopping for lenders, compare first-time home buyer programs , lender requirements, interest rates, and loan terms to make sure you are getting a good deal. Don’t forget about closing costs.

article thumbnail

Your Go-To Guide on How to Save for a House on a Low Income

HomeLight

The most important factors in calculating this are your total monthly income, your monthly minimum debt payments, cash you have on hand that will help cover a down payment and closing costs, and your credit profile. You’ll want to have a strong credit score so that you can qualify for a home loan and get a good rate.

Loans 82