HomeLight

JANUARY 27, 2021

You can usually shop around for the home inspection , title and settlement services, and home insurance. This can save you some money on your closing costs versus going with whoever the lender works with as a default. Also, lender fees — which can add up to 3% onto the loan amount — are entirely at the lender’s discretion.

Closing costs 117

Closing costs Loans Inspection Earnest money deposit 117

HomeLight

JUNE 30, 2022

Transaction details: the purchase agreement and a copy of your earnest money deposit. Get a property inspection. It’s always recommended to get a home inspection. Some loan programs, such as those backed by the FHA , allow for a down payment as small as 3.5% Bank statements. W-2s or 1099s.

Purchase and sale agreement 76

Purchase and sale agreement Inspection Earnest money deposit Closing costs 76

Redfin

AUGUST 3, 2022

Here are the steps to determine how much house you can afford: First, determine your debt to income ratio (DTI). This is your monthly expenses versus your cash intake or the bills you pay divided by your gross monthly income. Debts include recurring bills, such as car payments, daycare payments, and student loans.

Pre-approval 75

Pre-approval Purchase and sale agreement Title Debt-to-income ratio 75

The Close

DECEMBER 29, 2022

A contingency might be the buyer selling their current house, requiring certain repairs to be made, or obtaining a clean termite inspection. It’s an official form certifying that a veteran has met the terms that qualify someone for a VA loan. Debt-to-income ratio (DTI). Earnest money deposit.

Purchase and sale agreement 97

Purchase and sale agreement Title Proof of funds Pre-approval 97