HomeLight

DECEMBER 2, 2021

One of them is a short sale. The process is complicated and confusing, often leaving a worrisome question in its wake: How long does a short sale stay on your credit? What is a short sale? Your agent will also ensure that all additional legal guidelines required in a short sale are followed.

Short sale 79

Short sale Sales Loans Banks 79

HomeLight

MAY 27, 2021

FHA loans are backed by the Department of Housing and Urban Development and accept credit scores as low as 500. However, you’ll have to pay for mortgage insurance for at least 11 years, depending on your down payment size — most FHA loans require mortgage insurance for the entire life of the loan.

Loans 81

Loans Mortgages Title FHA loan 81

HomeLight

DECEMBER 30, 2021

According to the National Association of Realtors® Research Group’s 2021 data , 64% of buyers have conventional loans, 16% have FHA loans and 14% received VA loans. described and compares to the values in the area,” explains top Los Angeles agent Keri White , who is also a home loan, title and escrow specialist.

Loans 114

Loans Agents Inspection Closing 114

HomeLight

NOVEMBER 10, 2021

Or that FHA loan limits vary widely, too? Buyers who are moving from one area of the country to another could be shocked at the difference in prices and loan limits. In some cases, you might have to designate a local legal proxy, who is often your agent. Luckily, it’s something else you easily do online.

Inspection 86

Inspection Title Agents Pre-approval 86

HomeLight

MAY 23, 2022

If they filed any insurance claims for damage to the property in the last five years, or if the home is a designated historic building, they will need to disclose that information, as well. Cash eliminates the lender-ordered appraisal as well as the time it takes to close on the buyer’s loan, creating a faster and clearer path to settlement.

As-is 103

As-is Inspection Investor Closing costs 103

HomeLight

MAY 19, 2022

If the home is part of a designated historic district. On occasion, conventional lenders may even finance a fixer-upper property sold “ as is ,” and it’s not impossible to finance a fixer-upper with an FHA loan. These are things that will be concerning to a bank and most will want those issues taken care of.”.

As-is 96

As-is Inspection Investor Closing costs 96