The Mortgage Report

JULY 10, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Check your best options to tap home equity.

Equity

Redfin

JANUARY 28, 2025

If you’re exploring mortgage options or looking to sell your home, whether its a charming home in Nashville or a spacious townhome in Houston , you might wonder: Are FHA loans assumable? Here’s how FHA assumable mortgages work and why they might be worth considering. Are FHA loans assumable?

FHA loan

The Mortgage Report

JULY 7, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Check your best options to tap home equity.

Equity

The Mortgage Report

JULY 8, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Check your best options to tap home equity.

Equity

The Mortgage Report

JUNE 9, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

FHA 203k rehab loan

The Mortgage Report

JUNE 10, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

FHA 203k rehab loan

The Mortgage Report

JULY 24, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

FHA 203k rehab loan

The Mortgage Report

JUNE 9, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? Check your home buying options.

FHA 203k rehab loan

AAOA

APRIL 14, 2025

Conventional loans often require 20-25% down for apartment buildings. Government-backed loans might have lower requirements. FHA loans, for instance, may allow as little as 3.5-10% Each loan type has pros and cons. These loans also have more relaxed credit score requirements. Thats a big chunk of change!

FHA loan

The Mortgage Report

JULY 1, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Meanwhile, FHA loans comprised 15.3%

Loans

The Close

NOVEMBER 25, 2024

When looking into your finances, consider the following factors: Closing costs: These are generally 2% to 5% of the property’s sales price and include lender fees, title insurance, property insurance, and property taxes. The higher the home’s sale price, the higher your closing costs.

Purchase and sale agreement

Marco Santarelli

DECEMBER 22, 2024

Mortgage refinance rates hold significant importance for homeowners who aim to lower their monthly payments or leverage their home equity for new financial opportunities. A robust economy can lead to higher interest rates, as lenders anticipate increased demand for loans. Higher credit scores typically lead to lower interest rates.

Mortgages

Redfin

JUNE 13, 2025

Buying your second home comes with experience on your side and valuable advantages: financial history, equity from your current home, and a clearer sense of what you want. Consider financial tools like bridge loans or home equity loans for your new home’s down payment before your current one sells.

Debt-to-income ratio

The Mortgage Report

JULY 11, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Making that mortgage payment versus paying rent builds equity.

FHA 203k rehab loan

The Mortgage Report

JULY 14, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

FHA 203k rehab loan

Redfin

JULY 24, 2025

According to Redfin Real Estate, the minimum down payment for first-time homebuyers varies depending on the type of loan. Many loans offer down payments as low as 3% or even 0%. Here’s a quick breakdown: FHA loans, for example, typically require 3.5% VA and USDA loans may offer 0% down for eligible borrowers.

FHA loan

Marco Santarelli

DECEMBER 21, 2024

Current Rate : 6.04% Pros : Lower overall interest; quicker equity build-up. FHA and VA Loans For low-income or first-time homebuyers, FHA loans provide essential options. These loans are insured by the Federal Housing Administration and require lower credit scores and down payments.

Mortgages

Redfin

JULY 23, 2025

Key takeaways for your down payment strategy 20% isn’t required: You don’t always need a 20% down payment to buy a home, thanks to various loan options. Faster equity: Putting more money down means you build equity in your home more quickly. Establishes the buyer’s immediate equity in the property.

FHA loan

The Mortgage Report

JUNE 16, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? The good news: you can.

FHA 203k rehab loan

The Mortgage Report

JULY 15, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Your interest rate and loan balance don’t change.

FHA 203k rehab loan

Norada Real Estate

JULY 3, 2025

Similarly, refinancing rates show a comparable pattern as homeowners assess their options to either secure lower payments or cash out equity. Today's Mortgage Rates – July 3, 2025: Slight Drop in Home Loans and Refinance Rates Key Takeaways Mortgage Rates : The average 30-year fixed mortgage rate is now 6.78%.

Loans

The Mortgage Report

JUNE 23, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

FHA 203k rehab loan

AAOA

JUNE 9, 2025

Tighten weaknesses now so you can close decisively later. Pick Your Lane: Residential or Commercial 2–4 units (residential) → House‑hack with 3.5 %‑down FHA loans and 30‑year fixed rates. Improve operations, force appreciation, and refinance equity out. Strong relationships close more deals than the deepest pockets.

FHA loan

The Close

JUNE 9, 2025

House hacking is a real estate move where you live in a part of your home while renting out the rest, so your tenants help cover your mortgage while you build home equity. Build home equity faster: Tenants help you pay down the mortgage, so your investment grows over time. What is house hacking?

VA loan

Redfin

JULY 30, 2025

Which loan is right for you? Conventional loans: You have a credit score of 620+, stable income, and can put at least 3% down. FHA loans: You have a credit score of 580+ (or 500+ with 10% down) and a higher DTI ratio. VA loans: You’re an eligible veteran, active-duty service member, or surviving spouse.

Loans

Marco Santarelli

APRIL 30, 2025

The lower interest rates mean borrowers can save significantly on interest paid over the life of the loan. Moreover, paying off the loan in half the time allows homeowners to build equity more quickly. Homeowners also need to factor in refinancing costs, like closing costs and how long they plan to stay in their homes.

VA loan

The Mortgage Report

JULY 22, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? Time to make a move?

FHA 203k rehab loan

Marco Santarelli

JANUARY 4, 2025

Cons Higher Total Interest Payments : Though payments are smaller, prolonging the term means you pay more in total interest over the life of the loan. Equity Growth Slows : Early payments primarily cover interest, meaning it takes longer to build equity in your home.

Mortgages

Marco Santarelli

MAY 14, 2025

Investors and lenders closely watch these indicators to adjust their strategies accordingly. VA Loans : Offered to veterans and active-duty military personnel, these loans typically require no down payment and have favorable terms. FHA Loans : These are designed for lower-income borrowers with less-than-perfect credit.

Mortgages

The Mortgage Report

JULY 28, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Once your mortgage loan is done, escrow accounts usually close.

FHA 203k rehab loan

Redfin

JANUARY 28, 2025

Instead of applying for a new home loan with todays mortgage rates and terms, the buyer steps into the seller’s position as the borrower and continues making payments under the original loan agreement. Both the buyer and seller must work closely with the lender to ensure compliance with the loans terms and approval requirements.

Loans

Redfin

MARCH 4, 2025

These properties are often priced below market value, making them attractive to buyers looking for a good deal or hoping to build equity quickly. Government-owned properties Some mortgages are government-backed, like VA loans and FHA loans. Can you buy a foreclosure with an FHA loan?

Pre-approval

Rochester Real Estate

NOVEMBER 5, 2015

There’s also the matter of home equity to consider. On top of monthly payments and home equity, there are tax deductions for homeowners that you might qualify for and take advantage of once your purchase your home. It’s possible to get a conventional loan for as little as 3% down, and an FHA loan for 3.5%

Loans

Redfin

JULY 31, 2025

They cover topics like budgeting, building credit, mortgage options, house hunting, and closing. State and local programs: Cities and states may offer down payment assistance, forgivable loans, or closing cost help. Save for closing costs Closing costs are fees and expenses you’ll pay when finalizing the home purchase.

Purchase and sale agreement

Redfin

APRIL 11, 2025

In the past, many homeowners stayed in their starter homes for around three to seven years building equity. One of the biggest advantages of buying a starter home is that you start building equity , which is like a long-term savings plan. >> See more: How to Calculate Home Equity But starter homes have their limitations.

Marketing

Redfin

JULY 23, 2025

Many lenders offer low-down-payment loans, like FHA loans with as little as 3.5% down or VA/USDA loans with 0% down for eligible buyers. While you’ll pay more over the life of the loan, a smaller down payment can help you get into a home sooner. Getting familiar with the numbers will put you in a position to win.

Mortgages

Marco Santarelli

JUNE 17, 2025

Exploring Other Mortgage Options In addition to fixed-rate loans, various mortgage options cater to different financial situations and risk profiles. These loans help low-to-moderate-income buyers secure a home with lower down payment requirements. Ultimately, economic indicators should continually be monitored by borrowers.

Mortgages