HomeLight

JULY 31, 2020

These payments are usually 22% to 26% of an applicant’s total income. An applicant’s debt-to-income ratio cannot exceed 41% , including mortgage payments. The applicant must show that they cannot get approved for a loan through other sources, but that they have a credit score of 640 or higher. Credit requirements.

Debt-to-income ratio 108

Debt-to-income ratio Loans Principal Equity 108

HomeLight

JUNE 27, 2022

You’re looking at new construction as an option for your new home and love the idea of buying a brand-new house that has never been lived in before. However, you want to arm yourself with the tools and insider information so you don’t get too carried away with the new build. The dos of buying new construction.

New Construction 88

New Construction Construction Pre-approval Inspection 88

HomeLight

SEPTEMBER 25, 2023

If you need assistance navigating the use of a bridge loan in Texas, HomeLight encourages you to reach out to your own advisor. Explore a bridge loan and let your home’s equity help fund your next house in the short term. Explore a bridge loan and let your home’s equity help fund your next house in the short term.

Equity 86

Equity Loans Debt-to-income ratio Home sale contingency 86

Realtor.com

NOVEMBER 28, 2022

While there are a variety of mortgages aimed at helping homebuyers afford a home—such as FHA loans and VA loans —one type that’s often overlooked are USDA loans, which offer excellent terms to those who qualify, including a 0% down payment and low interest rates. What is a USDA loan? Types of USDA loans.

Loans 95

Loans Mortgages FHA loan Debt-to-income ratio 95