Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

VA loan 437

VA loan Agents Seller concession FHA loan 437

HomeLight

OCTOBER 11, 2021

You’re getting ready to start shopping for a house, and you’re pretty certain you want to go with an FHA loan. The Federal Housing Administration backs loans with less strict credit requirements and low down payment options to help families become homeowners. How much house can you afford if you’re getting an FHA loan?

FHA loan 77

FHA loan Loans Debt-to-income ratio Closing costs 77

RIS Media

MAY 24, 2021

.” You may be able to, but the costs associated with buying a home go beyond the mortgage payment. To determine how much house you can afford, it’s important to factor in additional expenses, such as closing costs, insurance and taxes, before committing to a mortgage. Complete Costs of Buying a House.

Closing costs 98

Closing costs FHA loan Principal Loans 98

HomeLight

JUNE 22, 2023

If you’re going to buy a home, you’ll need enough savings for a down payment, closing costs, and financial experts advise that you should also have enough money left over in your savings accounts to cover at least three months of expenses in case of an emergency.

Debt-to-income ratio 85

Debt-to-income ratio Mortgages FHA loan Loans 85

HomeLight

JUNE 30, 2021

“You can walk in without [taking] any money out of your pocket,” says Richard Helali, mortgage sales leader at HomeLight Home Loans (though note that you may be responsible for some closing costs, depending on your situation). A low interest rate means you’ll pay less interest on your principal over the life of the loan.

VA loan 66

VA loan FHA loan Mortgages Closing costs 66

HomeLight

NOVEMBER 10, 2021

Due to its popularity and coastlines, the cost of housing in Florida can be exceptionally high, but that also depends on where you’re searching. The nationwide demand for housing has also increased during the coronavirus pandemic, pushing up housing costs even more. Some loan types allow for smaller, more affordable down payments.

Closing costs 99

Closing costs Loans Purchase and sale agreement Earnest money deposit 99

HomeLight

AUGUST 27, 2020

The concept of this program was to decrease closing costs and moving expenses. There are still some federally-backed mortgage programs designed for first-time homebuyers that can help. These federal loans often have less restrictive qualification requirements and often are more affordable than other mortgage options.

VA loan 54

VA loan FHA loan Loans Closing costs 54