Housing Wire

FEBRUARY 8, 2022

Bill Bymel, managing director at Spurs Capital , an investment manager specializing in distressed mortgages, said that about 15% of the overall portfolio during the pandemic contained non-communicative borrowers, up 50% compared to the same pool of borrowers pre-COVID. For example, with Federal Housing Administration ( FHA ) loans, 1.5

Loans 370

Loans Pre-approval Mortgages Principal 370

HomeLight

AUGUST 31, 2021

The total 203(k) loan amount can be either 110% of the home’s estimated value after repairs are done, or for the sales price of the home, plus whatever estimated repairs will cost — whichever amount is lower. Another cap on the loan amount involves the regional FHA loan limit. Who is eligible for a 203(k) loan?

Loans 104

Loans FHA loan Pre-approval Finance 104

Realty Biz

SEPTEMBER 23, 2023

Understanding the mortgage process, including prequalification and pre-approval, is also essential. Whether it's residential, commercial, or investment properties, working with an agent with expertise in your desired area can be highly beneficial. It is essential to prepare for the mortgage pre-approval process.

Purchase and sale agreement 70

Purchase and sale agreement Pre-approval Agents Pre-qualification 70

HomeLight

JULY 31, 2022

These are standards related to the overall condition of a property which will play a role in the willingness and/or ability of a lender to finance a buyer’s loan. But when you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan.

Closing 98

Closing FHA loan Purchase and sale agreement Inspection 98

HomeLight

MARCH 6, 2023

Government-backed loans, such as VA loans or FHA loans, require appraisers to evaluate the property in comparison to their minimum structural and safety items. While the FHA doesn’t set a limit on fees, they do state that fees must be “customary and reasonable.” Is a seller pre-listing appraisal worth it in Texas?

Pre-approval 87

Pre-approval Banks Loans Inspection 87

HomeLight

JANUARY 12, 2022

Broken down by type of loan, you can expect the following: . Conventional loan. And in some scenarios, the seller won’t be required to attend in-person if they pre-sign the deed and other documents. He recently closed a small commercial office space in Nassau County in just 25 minutes, where the buyer client paid all cash.

Closing 116

Closing Purchase and sale agreement Pre-approval Inspection 116