Remove Closing costs Remove Residential Remove VA loan
article thumbnail

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.

article thumbnail

The Best Mortgage Blogs From 2017 | Advice For Home Financing

Rochester Real Estate

Either way, it’s always wise to shop around and compare interest rates and just as importantly, compare how much in fees you might have to pay to get a particular loan. A government VA loan has excellent advantages with no down payment requirement, more flexible credit underwriting, and more flexible debt to income ratios.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Selling a House ‘As Is’ in South Carolina

HomeLight

Real estate attorneys are considered essential for closing in the state of South Carolina. A good time to complete the State of South Carolina Residential Property Condition Disclosure Statement is before listing your home or requesting an offer. Yes Is a real estate attorney required? This way, you know it’s taken care of.

article thumbnail

Selling a House ‘As Is’ in Hawaii

HomeLight

508D statute says, at 508D-4 and 508D-5 , that no one may sell residential real property without signing and dating a disclosure statement within the six months before or ten calendar days after accepting a prospective buyer’s real estate purchase offer. Hawaii Rev.

article thumbnail

In the Military and Selling a House: Programs and Resources for Service Members

HomeLight

This minimum equity ensures that you’ll have the funds for necessary home sale expenses (such as staging , repairs , and closing costs ), plus some leftover profit to put towards your next down payment or security deposit. a reduction in “the interest rate on any pre-service loans to a maximum” of 6%. Home Loan program.

article thumbnail

How to Qualify for an Owner-Occupied Home

Realty Biz

Real estate investors often can’t find the same types of attractive home lending terms as those who are purchasing a residential home exclusively to live in. FHA Loans With backing from the Federal Housing Administration, an FHA loan has extremely low credit requirements and can be obtained for down payments as modest as 3.5

article thumbnail

Selling a House ‘As Is’ in North Carolina

HomeLight

North Carolina state law requires sellers to disclose material facts about the property through the Residential Property and Owners’ Association Disclosure Statement. Real estate attorneys are considered essential for closing in the state of North Carolina. Say they got an offer for $135,000 cash, but also a VA loan offer for $135,000.