Housing Wire

SEPTEMBER 22, 2023

Kim: Bankruptcies and layoffs are still happening. Duncan: I was looking at the bankruptcy data. It’s just gotten back to the pace of bankruptcy we saw in 2019. It is true [consumer] bankruptcies have been rising but from extremely low levels. Fannie and Freddie are the lowest; VA is a little bit higher.

FHA loan 418

FHA loan Bankruptcy Marketing Loans 418

Realty Biz

SEPTEMBER 30, 2023

Government-backed programs: Government-backed mortgage programs, such as FHA loans, VA loans, and USDA loans, often have more relaxed credit score requirements. Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

HomeLight

OCTOBER 1, 2020

Bankruptcy documents. This, of course, depends on a few variables, such as getting preapproved for a mortgage, or whether you’re taking out an FHA or a VA loan, which may take a bit longer. (We Underwriter reviews the loan. Last two months of brokerage account statements. Debts, financial history, and other obligations.

Closing 74

Closing Purchase and sale agreement Inspection Loans 74

HomeLight

SEPTEMBER 30, 2021

Another good bet is to speak to your friendly loan officer. Below is a rundown of some popular loan programs for first-time buyers. USDA loans feature low fees and 0% down payments. Department of Housing and Urban Development (HUD) — is a government-backed mortgage loan. HomeReady and Home Possible.

Loans 80

Loans Pre-approval Mortgages VA loan 80

HomeLight

JUNE 30, 2022

Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. Some loan programs, such as those backed by the FHA , allow for a down payment as small as 3.5% Additionally, you may qualify for a conventional loan with as little as 3% down.

Purchase and sale agreement 71

Purchase and sale agreement Inspection Earnest money deposit Closing costs 71