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 454

VA loan Agents Seller concession FHA loan 454

Realty Biz

MARCH 7, 2023

Now let’s see what goes into your cost, meaning the maximum monthly expenses you can afford. This payment must cover the principal and interest on the loan, Homeowners Association fees, and various property taxes. A viable alternative is requesting a family member with an excellent credit score to co-sign your loan application.

Loans 74

Loans Debt-to-income ratio Closing costs Lending 74

Norada Real Estate

JUNE 22, 2022

As a cash buyer, you can also save on closing costs. Financing turnkey rental properties with cash means you don't need to put real estate taxes in escrow upfront nor pay for a mortgage application and loan origination fees. These loans tend to allow a lower down payment and credit score when compared to conventional loans.

Finance 96

Finance FHA loan Investor Loans 96

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 79

FHA loan Loans Debt-to-income ratio Closing costs 79

HomeLight

JUNE 22, 2023

Why must there be so many lending companies, all of which have different requirements and terms? FHA loans allow credit scores as low as 580 (or even 500 if you’re putting down 10% or more), and conventional loans allow credit scores as low as 620. And they need answers to their mortgage questions.

Debt-to-income ratio 86

Debt-to-income ratio Mortgages FHA loan Loans 86

Real Estate Finance HQ

SEPTEMBER 5, 2017

Commercial loans generally require 25% cash down, though these loans offer more flexibility. Investment Property Loan Requirements. Because these loans are non-owner occupied investment properties, lending institutions want a higher-than-normal cash payment at closing. FHA Loans. 203K Loans.

Mortgages 40

Mortgages Investor Commercial Residential 40

HomeLight

NOVEMBER 20, 2023

Along with the obvious advantage of a lower interest rate, an assumed loan can also come with fewer transaction fees and greater speed. Instead of securing a new mortgage with higher rates, a buyer can assume the home seller’s existing interest rate, principal balance, repayment period, and other terms of the lending agreement. “A

FHA loan 95

FHA loan Mortgages VA loan Loans 95