HomeLight

OCTOBER 31, 2024

In this post, we explore the question: Are closing costs tax deductible? What are examples of seller closing costs? When selling a home, you’ll encounter various closing costs as part of the process. On average, sellers pay between 2% and 5% of a home’s sale price in closing costs.

Closing costs

Housing Wire

JANUARY 23, 2025

In sum, our analysis shows Fannie Maes title insurance pilot will have a profound and long- lasting impact on closing costs, potentially eliminating a barrier that prevents many homeowners from pursuing a refinance or other financially beneficial transaction.

Title

Housing Wire

DECEMBER 9, 2024

Save strategically: Even with down payment assistance, youll need some savings for earnest money and closing costs. Many sellers are offering to cover 2-3% of closing costs. Sellers are offering incentives now, but those could wane as the market heats up in spring. Pro tip: Todays market is buyer friendly.

Mortgages

Housing Wire

APRIL 18, 2025

Many builders offer incentives or are open to negotiating closing costs, lot premiums and other expenses. For quick move-in homes, closing dates can also be adjusted. Transfer taxes, title policies and potential appraisal shortfalls should be considered.

Purchase and sale agreement

Housing Wire

NOVEMBER 15, 2024

Per M/I’s website, the lower rate includes a 2/1 rate buydown on a 30-year FHA fixed-rate mortgage, a 2/1 Rate Buydown on a 30-year conventional fixed-rate mortgage, and paid closing costs. The discounts come as homebuilders’ confidence in the market remains muted.

Fixed-rate mortgage

Housing Wire

JANUARY 27, 2025

However, CHLA continues to call on federal policy makers to take action to address flaws in the refi process by reining in abusive trigger lead solicitations and by curbing exploding closing costs in non-competitive areas like FICO score fees.

Loans

Housing Wire

NOVEMBER 19, 2024

While the co-chairs of the caucus wrote that they “applaud” Thompson and the FHFA’s efforts to promote homeownership for low-income Americans, they believe that the pilot program will not help to achieve the goal of “finding ways to ‘responsibly reduce closing costs for homeowners in a safe and sound manner.’”

Title

HomeLight

OCTOBER 24, 2024

Typically, a seller can expect to pay between 3% and 6% of a home’s sale price as commission, plus another 2% to 4% for closing costs , including taxes, settlement fees, and title fees. That means $6,047 to $12,095 of your home sale may go towards paying closing costs. Available to sellers throughout Ohio.

Closing costs

Housing Wire

MARCH 4, 2025

Every time a Texan buys a home, they will spend less on closing costs. A reduction in title insurance basic premium rates would likely help bring the actual profit ratio closer to the target. Brown said the new reduction will save Texas consumers an estimated $238 million per year.

Title

Housing Wire

OCTOBER 29, 2024

Many first-time homebuyers don’t have enough to pay the agent and all the closing costs,“ Nichols said. According to Mandy Nichols, a Dallas-based Brixstone Real Estate agent, this requirement is causing some first-time buyers to forego representation if it is not property explained.

Marketing

Redfin

FEBRUARY 18, 2025

Can you roll closing costs into your mortgage? Basically, folding your closing costs into your loan means you’ll need less cash upfront at closing. Your lender can explain their specific policies, the rules around this practice, and which costs are eligible to be rolled into the mortgage.

Closing costs

Housing Wire

APRIL 22, 2025

Rates are still high and prices keep climbing, but were seeing expanded program offerings, new providers and greater flexibility in how funds are used not just for down payments but also to cover closing costs, lower the rate or meet other buyer needs, said Rob Chrane , founder and CEO of DPR.

Closing costs

Redfin

FEBRUARY 20, 2025

Closing costs arent just a buyers responsibility – sellers have their own expenses to consider as well. On average, sellers can expect to pay between 6% to 10% of the sale price in closing costs , including agent commissions, transfer taxes, and title fees. What are closing costs for sellers?

Closing costs

Housing Wire

JULY 11, 2025

. “It’s exciting to see a major player in the title insurance industry join Fannie Mae’s pilot program, which is saving homeowners money and making the closing process much more efficient,” Doma Technology Chief Operating Officer Wendy Zorick said.

Title

Housing Wire

MARCH 27, 2025

For example, lenders will have lower origination costs and faster loan decision-making through direct-sourced data, while borrowers will benefit through reduced closing costs. FinLocker also explained that it aims to offer a “competitive edge in a challenging market with a tangible cost” for loan officers.

Mortgages

Housing Wire

JUNE 25, 2025

Department of Housing and Urban Development (HUD) often provide access to detailed information about down payment assistance, closing cost programs, credit improvement strategies and budgeting tools. She added that housing counselors certified by NeighborWorks and the U.S. Buying a home is complicated even for repeat buyers.

Closing costs

Housing Wire

NOVEMBER 6, 2024

Wehmann added that, after the change, “FICO’s share will remain only approximately two-tenths of one percent” of the total average closing costs of $6,000. ” “At $4.95 “Importantly, after our upcoming royalty change, all amounts above $4.95

Closing costs

Housing Wire

JUNE 10, 2025

It factors in lender fees and current pricing to deliver a dashboard that includes break-even calculations, closing cost estimates and borrower savings analyses across multiple scenarios. The tool also generates a prefilled borrower email summarizing the refinance options.

Loan Officer

Housing Wire

MARCH 11, 2025

Tomo touts its use of artificial intelligence in streamlining loan underwriting and closing processes. It claims to save the typical homebuyer up to $4,000 in closing costs and offers interest rates that are 50 to 100 basis points lower than the industry average, according to a press release.

Closing

Housing Wire

OCTOBER 31, 2024

UBS analysts also said that pricing has been contributing to an important part of FICO’s growth, a trend that should “continue given its moated business model of low churn and scale coupled with its low percent of total mortgage cost.”

Industrial

Housing Wire

DECEMBER 16, 2024

of the loan amount) at settlement to use toward their closing costs. This service allows homebuyers who work with a Howard Hanna agent and get their mortgage through Howard Hanna Mortgage Services to receive a credit of up to $10,000 (or 0.5%

Brokerage

Housing Wire

APRIL 7, 2025

In our community, many first-time buyers were using those to buy down interest rates or cover closing costs. Effect of federal grant cuts Herrera acknowledged the challenges facing Hispanic homebuyers today, including cuts to numerous federal grant programs that have proved vital for first-time and low-income buyers.

Commercial

Redfin

JUNE 5, 2025

Many cash buyers assume that by sidestepping a home loan, they also bypass the complex array of fees associated with closing. However, this is a common misconception.The truth is, even when you pay cash for a house, closing costs are a fundamental part of the transaction. How much are closing costs on a cash offer?

Closing costs

Housing Wire

JULY 29, 2025

Many programs also cover closing costs, prepaid expenses, rate buydowns and mortgage insurance. Another 257 programs (10%) do not have income restrictions, increasing the number of homebuyers who might qualify for assistance, while 31 programs support first-generation buyers , an increase of 7% over the prior quarter.

Loans

Keeping Current Matters

MAY 20, 2025

When buying a home, youre probably thinking about mortgage rates, home prices, your down payment, and maybe even your closing costs. But you may not be thinking about homeowners association (HOA) fees.

Closing costs

Keeping Current Matters

JUNE 19, 2025

With more sellers than buyers, sellers may be more willing to pay for repairs, cover some of your closing costs, or lower their asking price. Now, the market has shifted, and buyers are regaining their negotiating power as a result. The return of this kind of normal balance is a sign of a much healthier, more sustainable market.

Closing costs

Housing Wire

NOVEMBER 26, 2024

Offer incentives for fast closings Consider rewarding well-qualified buyers who can get to the closing table quickly. You might offer credit towards closing costs or cover specific fees. Use this “limited time only” strategy to court those who have personal reasons for buying a property quickly.

Staging

Keeping Current Matters

JULY 21, 2025

consider offering to cover some of the buyer’s closing costs or agree to a credit for a minor repair the inspector found.” News explains: “If you’ve received an offer for your house that isn’t quite what you’d hoped it would be, expect to negotiate. ” That’s where your agent comes in.

Agents

Housing Wire

JULY 11, 2025

If the buyer was a veteran with a VA loan, I could have the buyer ask the seller to pay all their closing costs and up to 4% towards the homebuyer’s debt. As the top VA purchase loan officer for the last two years, I have seen the solution. I utilize it for my clients every day. We do this all the time.

Debt-to-income ratio

Keeping Current Matters

JUNE 26, 2025

Now, because they have more homes to choose from, buyers are able to ask for things like repairs, credits, and help with closing costs. Flexibility Wins Negotiations Gone are the days of buyers waiving inspections and appraisals just to get a deal done. And data from Redfin shows nearly 44.4% This isn’t a bad market.

Marketing

Housing Wire

JUNE 24, 2025

Bridge loans are designed to help buyers cover down payments or closing costs on a new home before finalizing the sale of their existing one. The launch follows Rocket’s February 2025 rollout of RocketRentRewards , a program that offers closing-cost credits to renters.

Loans

Housing Wire

FEBRUARY 6, 2025

Younger service members struggle during the homebuying process, particularly around paying closing costs. Research shows that younger service members are unlikely to achieve ownership. Its important to take a moment to look back at the history behind VA benefits. In 1944, the U.S.

Industrial

Housing Wire

MAY 2, 2025

Per Crib Equity’s website , the company can contribute up to 50% of a borrower’s total down payment and approved closing costs, which typically covering up to 30% of the home’s total value.

Equity

HomeLight

NOVEMBER 27, 2024

Buyers can haggle over everything from closing costs to roof repairs — and sometimes even the Harley in your garage. Given this trend, sellers should focus not only on setting an attractive asking price but also be prepared to negotiate on other factors, such as closing costs, contingencies , and possession dates.

Closing costs

Marco Santarelli

DECEMBER 29, 2024

Calculate Potential Savings: Use a refinancing calculator to estimate savings and understand how long it would take to recoup any costs associated with refinancing (closing costs, etc.). Being thorough in your calculations can save you money in the long run.

Mortgages

Keeping Current Matters

JUNE 12, 2025

You Weren’t Willing To Negotiate In this market, sellers who aren’t open to negotiating on things like closing costs, inspection repairs, or other concessions are often left behind. Here’s a real-world example ( see graph below ): 4. What we need to do now: Be willing to meet buyers where they are.

Staging

BAM Media

DECEMBER 19, 2024

Sellers remain confident in their ability to move properties quickly, with 72% expecting to close within 4 months or less.

Marketing