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2025 mortgage predictions: Your playbook for a winning year

Housing Wire

Setting the Stage for 2025 Heres the good news, 2025 is set to stabilize. Heres your game plan: Check your credit: A score of 640 opens the door to FHA loans and down payment assistance programs. Save strategically: Even with down payment assistance, youll need some savings for earnest money and closing costs.

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21 Essential Tips for First-Time Homebuyers

Redfin

State and local programs: Cities and states may offer down payment assistance, forgivable loans, or closing cost help. Federal loan options: Government-backed loans like FHA, VA, and USDA loans are popular among first-time buyers, offering flexible credit and down payment requirements.

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How to Buy a Foreclosed Home: The Ultimate Step-by-Step Guide

Redfin

Government-owned properties Some mortgages are government-backed, like VA loans and FHA loans. If a buyer with a government-backed loan goes into foreclosure, the government will take control of the property. Preforeclosures A preforeclosure is a home that is in the beginning stages of foreclosure.

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Selling a House ‘As Is’ in Vermont

HomeLight

These companies can help sellers cash out quickly, and many will cover a sellers closing costs. Prioritize a cash offer if you receive one On occasion, conventional lenders may even finance a fixer-upper property sold as is , and its not impossible to finance a fixer-upper with an FHA loan.

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Selling a House ‘As Is’ in Plymouth

HomeLight

These companies can help sellers cash out quickly, and many will cover a sellers closing costs. Prioritize a cash offer if you receive one On occasion, conventional lenders may even finance a fixer-upper property sold as is , and its not impossible to finance a fixer-upper with an FHA loan.

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The Best Mortgage Blogs From 2017 | Advice For Home Financing

Rochester Real Estate

While this type of loan is a good option for many real estate consumers, I believe there are several quirks all buyers should know about and understand if they are considering an FHA loan. Did you know if you file a Chapter 13 bankruptcy, you can immediately apply for an FHA loan? Happy house hunting!

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Selling a House ‘As Is’ in South Carolina

HomeLight

These companies usually buy at a discount but offer quick closings and often cover the seller’s closing costs. If your house complies with FHA, it complies with most other lenders’ requirements. Cash sales don’t require a lender’s appraisal and usually close faster, offering a simpler, more predictable path to closing.