Debt-to-income ratio FHA loan Fixed-rate mortgage Loans 
Housing Wire
DECEMBER 12, 2023
The gap peaked in November 2022, when the average note rate for new construction sales was one percentage point lower than the rate for existing home sales. Limited to loans with CLTV 76-80 and FICO 720-770 to control for the effect of loan level pricing adjustments. As of July 2023, the gap had slightly narrowed to 0.8
HomeLight
OCTOBER 15, 2020
We talked to Jessica Sanchez, Director of Underwriting & Loan Management at HomeLight Home Loans, to walk through the ins and outs of conventional loans. What’s a conventional loan? A conventional loan is a private mortgage that’s not backed by the federal government (we’ll get to government loans in a bit).
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Realty Biz
SEPTEMBER 30, 2023
Understanding how a low credit score affects your mortgage and exploring government-backed programs can help you navigate the process. By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation.
HomeLight
JUNE 22, 2023
Debt-to-income ratio After looking at how much money is flowing into your household, you’ll want to write down your monthly debts. That’s because lenders will also look at your debt-to-income ratio, or DTI. That number will be your debt-to-income ratio.
Marco Santarelli
SEPTEMBER 30, 2023
FHA mortgage rates are typically higher than conventional mortgage rates, but they can be a good option for borrowers with lower credit scores or smaller down payments. The minimum credit score for an FHA loan is 580 with a 3.5% However, many FHA lenders require credit scores of at least 620.
Realty Biz
DECEMBER 30, 2022
More specifically, you'll need to spend some time educating yourself on the different types of mortgage loans. It'll enable you to sift through the home loans available to you so that you can decide which one will work best for you. It'll also help you get access to the best mortgage rates around.
HomeLight
JANUARY 27, 2021
So understand that unless you’ve been earning 1099 income for more than two years, it may not help you qualify for a home loan. Some loans, like VA or USDA loans, even allow you to put 0% down. However, understand that the more you put down, the smaller your monthly mortgage payment will be.
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