Redfin

JULY 30, 2025

A jumbo loan, or jumbo mortgage, is designed for homebuyers purchasing high-priced properties – whether that’s a luxury home in Charlotte or a condo in a city like San Francisco where home prices exceed standard loan limits. They require higher credit, lower debt-to-income ratios, and more assets.

Loans

Lighter Side of Real Estate

MAY 26, 2025

Thats because some careers come with access to special mortgage programs designed to account for future earning potential, career stability, and the kind of risk that lenders are willing to bet on. Physician mortgage loans are designed specifically for high-debt, high-earning medical professionals like you.

Debt-to-income ratio

AAOA

AUGUST 7, 2025

Multifamily Bridge Loans: What Real Estate Investors Need to Know In today’s competitive market, real estate investors often need fast, flexible finance solutions to secure deals. These commercial bridge loans are designed to bridge the gap between the time a property is acquired and when long term financing is secured.

Investor

Redfin

JULY 30, 2025

But here’s the good news: First-time homebuyers have access to loan options designed to make becoming a homeowner easier with more affordable rates and flexible requirements, like lower down payments and credit scores. An FHA loan may be ideal for those with a lower credit score or a higher debt-to-income ratio.

Loans

Marco Santarelli

DECEMBER 11, 2024

Mortgage rates have climbed today as the market anticipates the report from the Consumer Price Index (CPI) set to be released later today. With expectations that the CPI will indicate an uptick in inflation for November, todays increase in mortgage rates may be the market's proactive response.

Mortgages

Marco Santarelli

DECEMBER 22, 2024

Understanding these rates is important for making informed decisions in the housing market, whether you're buying a home or refinancing your current mortgage. Economic Conditions: Factors such as the overall health of the economy, inflation rates, and the employment market all play crucial roles. Are mortgage rates expected to drop?

Mortgages

AAOA

JUNE 12, 2025

Financing: Commercial Deals Are All About the Property Residential real estate loans (for properties with 1–4 units) are underwritten based on your personal income, credit history, and debt-to-income ratio. Lenders evaluate the property’s performance, not your W-2 income.

Commercial

Marco Santarelli

MAY 9, 2025

So many people I know have tens of thousands, even hundreds of thousands, of dollars in student loan debt. This makes it harder to save for a down payment and can also affect your ability to qualify for a mortgage because it increases your debt-to-income ratio. Is It a Buyers or Sellers Market? Should You Wait?

Debt-to-income ratio

Redfin

MARCH 5, 2025

Review your savings for your down payment , monthly income, and potential loan options to set a realistic price range. Maintaining a low debt-to-income ratio and a strong credit score can also enhance your eligibility for favorable mortgage terms. For instance, the U.S.

Debt-to-income ratio

HomeLight

JULY 28, 2025

A bridge loan is a short-term loan designed to help you buy a new home before your current one sells. They may require your current home to be listed on the market and typically cap the loan term at six months to one year. Your debt-to-income ratio (DTI) will also factor into approval.

Equity

Redfin

JULY 24, 2025

According to the 2024 FHA Annual Report , more than 8 out of 10 FHA-insured home purchase mortgages were for first-time homebuyers, a significantly higher proportion compared to the rest of the market, where first-time buyers comprised half of originations. How to lower your down payment as a first-time buyer?

FHA loan

Redfin

JUNE 27, 2025

What many first-time buyers don’t realize is that there are national, state, and even local programs designed to help break down these barriers for new buyers. Prioritize agents with strong local market knowledge, a proven history of working with first-time homebuyers, and a compatible working style.

Pre-approval

Redfin

FEBRUARY 24, 2025

Whether you prefer the ease of a move-in-ready home or the idea of designing a space from scratch, understanding the costs and benefits of both options will guide you toward the best decision. Constructing a home gives you full control over aspects like materials, design, and size, allowing for customization. reached $390,000.

Debt-to-income ratio

Redfin

JULY 22, 2025

Using Redfin’s mortgage calculator , on a $200k salary with zero current debts, 20% down payment, and a 36% debt-to-income ratio, you’ll be looking at homes valued at $820,000 and below. What’s your debt-to-income ratio? What’s your debt-to-income ratio?

Debt-to-income ratio

Redfin

JULY 31, 2025

Look into first-time homebuyer benefits Many programs are designed to make homeownership more accessible for first-time buyers by reducing upfront costs, lowering monthly payments, and helping with mortgage qualification. Build an emergency fund An emergency fund is a cash reserve designated for emergencies and other uncommon expenses.

Purchase and sale agreement

AAOA

MARCH 24, 2025

They also command the highest rents in their markets. Often called workforce housing, they cater to median-income earners with more affordable rents while offering decent amenities and a good location. They may face functional issues, have outdated designs, or require maintenance and renovations.

Property Management

Marco Santarelli

APRIL 24, 2025

The highs and lows show the importance of timing and keeping an eye on the market. These are often teaser rates designed to lure you in. Income: Lenders want to see that you have a stable income and can comfortably afford your mortgage payments. A lower DTI is generally better. Loan Type: Different loan types (e.g.,

Mortgages

Redfin

JULY 31, 2025

DTI = (Gross Monthly Income /Total Monthly Debt Payments)​×100% Let’s say your total monthly debt payments are $1,500 and your gross monthly income is $4,000. DTI= (Gross Monthly Income ÷ Total Monthly Debt Payments) x 100% DTI= ($4,000 ÷$1500) X 100% DTI= 0.375 X 100% DTI = 37.5%

Loans

The Mortgage Report

JULY 22, 2025

Things to consider: You’ll need to qualify for the loan on your own — your credit, income, and debt-to-income ratio all matter. The current market and property value will impact how much equity each party receives. You take out a new loan to pay off the original one, but this time, you’re the sole borrower.

FHA 203k rehab loan

Redfin

JULY 30, 2025

You’re buying in a designated redevelopment area, where certain programs have less strict rules. On top of that, it’s also smart to check your local housing market trends and mortgage interest rates. Your mortgage rate will not change, regardless of market rates rising or falling. You’ve been renting or living with family.

Pre-approval

Marco Santarelli

MAY 2, 2025

If you're in the market for a home, you're probably glued to mortgage rates! If they perceive a higher level of risk in a particular state (maybe due to economic factors or housing market volatility), they might adjust rates accordingly. These nine states showed average mortgage rates hovering between 6.68% and 6.85%.

Mortgages

Redfin

JULY 3, 2025

Some lenders may require a finalized divorce decree before approving a mortgage, as this document outlines debt and asset division, alimony, and more. These details directly impact your debt-to-income ratio , how much you afford and borrow. If you’re the one making those payments, they count as debt.

Debt-to-income ratio

Redfin

JUNE 27, 2025

There are a number of first-time home buyer benefits designed to make homeownership more affordable, from down payment assistance to tax credits and more. You’re buying in a designated redevelopment area, where some programs relax the rules (even for repeat buyers). purchasing in a redevelopment area).

Debt-to-income ratio

Rochester Real Estate

NOVEMBER 5, 2015

However, fees for the loans can be higher than a bank and it’s likely that your loan will be sold on the secondary market after closing. This fantastic article has detailed some nuances that aren’t as talked about such as second tier entitlement, residual income, and purchasing a multifamily.

Finance

Redfin

JULY 16, 2025

These devices could be a great addition, whether you’re in the market for a home in Plano, TX , or have put an offer on a home in Los Angeles, CA. Solar panels are devices designed to capture sunlight and convert it into usable electricity for your home. This could affect your financing or debt-to-income ratio.

Purchase and sale agreement

Marco Santarelli

JULY 23, 2025

It's not just some random lottery, but rather a cocktail of economic factors and local market conditions. This can include things like being more conservative in certain markets or focusing on specific types of borrowers. Markets Investing in turnkey real estate can help you secure consistent returns with fluctuating mortgage rates.

Mortgages

Marco Santarelli

JUNE 9, 2025

Income: Lenders want to see that you have a stable income to repay the loan. Debt-to-Income Ratio (DTI): This is the amount of your monthly income that goes toward paying debts. Those are often “teaser rates,” designed to grab your attention. A lower DTI is preferable.

Mortgages

Redfin

MARCH 5, 2025

Review your savings for your down payment , monthly income, and potential loan options to set a realistic price range. Maintaining a low debt-to-income ratio and a strong credit score can also enhance your eligibility for favorable mortgage terms. For instance, the U.S.

Debt-to-income ratio

Redfin

JULY 28, 2025

Low income is generally defined as being below a specific threshold of the area’s median income (AMI), which can vary by location and employment. Each loan option we’ll discuss has qualification requirements for AMI, as well as other factors like credit score and debt-to-income ratio (DTI).

VA loan

Marco Santarelli

JUNE 11, 2025

As someone who's followed the mortgage market for years, I can tell you that it's rarely simple. Some lenders might be more aggressive in certain markets, offering lower rates to attract more business. It's a good reminder that the mortgage market is dynamic and influenced by many external forces. Staying informed is key!

Mortgages

Housing Wire

SEPTEMBER 9, 2020

In June, the bureau released two proposals regarding the QM Patch, which allows loans sold to Fannie Mae or Freddie Mac to exceed the 43% debt-to-income ratio the Bureau had established in its Ability to Repay/Qualified Mortgage rule. c) does not prescribe a specific monthly debt-to-income ratio with which creditors must comply.

Debt-to-income ratio

Housing Wire

SEPTEMBER 27, 2023

Homebuyers faced surging mortgage costs, fees and monthly payments in 2022 amid a tightening monetary policy designed to combat persistent inflation. And because their income didn’t keep up, lenders’ denials for a home loan jumped last year, according to a Consumer Financial Protection Bureau (CFPB) report released Wednesday.

Debt-to-income ratio

Housing Wire

MAY 24, 2024

Student loan debt may affect your home-buying goals in a few key ways. Debt-to-income ratio (DTI) Lenders calculate your DTI ratio by dividing your total monthly debt payments (including student loans) by your gross monthly income to assess your ability to handle additional debt, like a mortgage.

Debt-to-income ratio

Housing Wire

MAY 21, 2021

The Urban Institute regularly cites statistics showing IMBs do a better job than banks of serving underserved borrowers, as measured by metrics such as FICO scores and debt to income ratios. CRA is designed to prevent banks from diverting funds OUT of a community where they take deposits in order to lend in other communities.

Debt-to-income ratio

Housing Wire

MAY 25, 2022

There’s no question that 2022 has seen serious changes to the housing market. In a housing market vastly different from the pre-pandemic period, how can industry professionals position themselves to achieve growth despite these current obstacles? That means getting acquainted with the challenges common to the non-QM market.

Debt-to-income ratio

Housing Wire

AUGUST 7, 2023

Since 2008, the number of private secondary mortgage providers has reduced dramatically, and those that remain in the market generally purchase jumbo loans from more affluent borrowers. Independent mortgage bankers use lines of credit to fund all of their loans and therefore must sell them promptly on the secondary mortgage market.

Closing

Housing Wire

AUGUST 26, 2024

The dynamic has led to a repositioning of players in the market. In the meantime, these companies could market other products, such as home equity loans, to borrowers in these portfolios. We’ve taken the opportunity to exercise our access to the capital markets, and raise a lot of money to ‘buy customers’ in bulk or in flow.

Mortgages