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21 Dos and Don’ts When Buying a Home

HomeLight

Transaction details: the purchase agreement and a copy of your earnest money deposit. Some loan programs, such as those backed by the FHA , allow for a down payment as small as 3.5% Additionally, you may qualify for a conventional loan with as little as 3% down. Bank statements. Tax returns for the last two years.

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51 Brilliant Real Estate Tips for Buyers to Edge Past the Competition

HomeLight

VA loans : Finally, there are VA loans that have advantageous features for qualifying military service members and their spouses. Other features: VA loans are a great option for qualifying buyers because they have low rates and fees, and require zero down. Sweeten the pot with earnest money.

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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

It’s an official form certifying that a veteran has met the terms that qualify someone for a VA loan. VA loans might have a lot of red tape, but they can be excellent, affordable options for service members and their spouses. Debt-to-income ratio (DTI). Earnest money deposit.