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Fannie Mae’s chief economist on housing market outlook

Housing Wire

While the central bank left the benchmark rate unchanged in the target range of 5.25%-5.5% Elevated mortgage rates will lead to more lenders spilling red ink in the latter half of the year, in contrast to the improved financial performance of independent mortgage banks in Q2. DPA programs were predominantly for FHA loans.

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Getting a Home Loan With Low or No Down Payment

Realty Biz

However, once you have 20% equity in the property, you can apply to have this removed. USDA Loans. Their Section 502 Direct Loan Program generally has no down payment requirement to assist low and very low-income borrowers. Money from this loan can be spent on a land purchase, and for connecting utilities.

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FREE Webinar: Update on Current VA Appraisal Topics

McKissock

Don’t miss this FREE update on VA appraisal topics on Wednesday, February 22nd from 11am-12pm ET. He was an independent fee appraiser on the VA panel for over 9 years prior to his current position. He has held appraisal leadership roles in various large financial institutions including Bank of America and Citigroup. Sign up now.

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FREE Webinar: Update on Current VA Appraisal Topics

McKissock

Meet the presenters James Heaslet Serving as the Chief Appraiser for the Veterans Affairs (VA) Loan Guaranty Service since 2018, James is responsible for developing and overseeing policies and regulations for the VA Construction and Valuation department. View Pro-Series webinars.

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How Much Are Closing Costs in Pennsylvania?

HomeLight

If you fail to factor them into your homebuying budget, you could walk out of closing with the keys to your new house and an emptier bank account than you’d planned on! A conventional mortgage is any mortgage that’s not part of a government loan program. Will a builder pay closing costs on a new construction home in Pennsylvania?

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42 Steps to Homeownership: The Resourceful Buyer’s Go-To Guide

HomeLight

Are you open to doing some sweat equity in the beginning?” Painting walls and replacing floors can add instant equity to your home — but these jobs require hard work, and they’re not for the buyer who wants a flawless, move-in ready abode. Could you get special discounts or credits from your bank or credit union? she prompts.

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When Is a House Down Payment Due and How Much Do I Need?

HomeLight

As we mentioned, your lender will need to see that you do actually have the money as part of your loan approval process — a current bank statement will usually suffice — but you won’t need to transfer it out until closing day. A VA loan provides 100% financing with no money down — so no down payment. Conventional loan.