Housing Wire

MAY 25, 2022

In a housing market vastly different from the pre-pandemic period, how can industry professionals position themselves to achieve growth despite these current obstacles? More people are diversifying their income streams and opting to work for themselves or through real estate investments.

Debt-to-income ratio 356

Debt-to-income ratio Lending Pre-qualification Loans 356

Realty Biz

SEPTEMBER 30, 2023

Let's delve deeper into these topics to guide you towards an affordable home financing solution. They can help you navigate the mortgage process and identify suitable options based on your financial situation and provide you with a pre-approval. Get pre-approved: Before house hunting, consider getting pre-approved for a mortgage.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

HomeLight

DECEMBER 8, 2023

It’s designed for homeowners like you who are in the midst of transitioning from your current home to a new one. The temporary debt juggling act: A key factor in the bridge loan process is your debt-to-income ratio (DTI). What is a bridge loan, in simple words? More on loan costs below.)

Equity 94

Equity Loans Debt-to-income ratio Home sale contingency 94

HomeLight

AUGUST 31, 2020

VA loans also offer even more benefits, like better interest rates and less strident qualifications — but as the name indicates, they are only available to current military members or veterans (or their spouses). USDA Rural Development loans also allow for 100% financing (or 0% down). down and a minimum credit score of 580.

Debt-to-income ratio 66

Debt-to-income ratio FHA loan Pre-qualification VA loan 66

HomeLight

FEBRUARY 12, 2021

As a seller, you’re usually not taking on additional risk by accepting an offer from a buyer pre-approved for an FHA loan than you would with a buyer pre-approved for a conventional loan. Dill shares that it’s only a myth that FHA-backed offers are by default weak offers: “They are strong and well-qualified buyers with steady income.

FHA loan 107

FHA loan Loans Pre-approval Pre-qualification 107

HomeLight

NOVEMBER 16, 2021

Through the Home Partners program, prospective rent-to-own homebuyers start by filling out a pre-qualification application. This step includes a credit and background check, income verification documents, and requires an application fee. If approved, they move to submit a full application.

Purchase and sale agreement 81

Purchase and sale agreement Pre-approval Debt-to-income ratio Pre-qualification 81

HomeLight

OCTOBER 27, 2020

It’s a mortgage that follows rules set out by the Consumer Finance Protection Bureau (CFPB) under the Dodd-Frank Act of 2011. These rules are designed to create a standard for documenting and verifying a borrower’s financials that creates a presumption that the borrower can afford the loan they have applied for.

Debt-to-income ratio 103

Debt-to-income ratio Pre-approval Pre-qualification Loans 103