Marco Santarelli

MAY 2, 2025

State Regulations: Each state has its own set of rules and regulations governing the mortgage industry. Economic Factors: Local economic conditions, such as unemployment rates or industry downturns, can impact lender risk assessments and, consequently, mortgage rates. What Makes Mortgage Rates Tick?

Mortgages 64

Mortgages Debt-to-income ratio Loans FHA loan 64

Realty Biz

JULY 23, 2023

Self-employed individuals include freelancers, consultants, and independent contractors across various industries. The impact of self-employment on mortgage loans Being self-employed can have specific implications when applying for a mortgage. Understanding the available options can help navigate the loan process successfully.

Debt-to-income ratio 72

Debt-to-income ratio FHA loan Lending Loans 72

Realty Biz

SEPTEMBER 30, 2023

Government-backed programs: Government-backed mortgage programs, such as FHA loans, VA loans, and USDA loans, often have more relaxed credit score requirements. Consider alternative mortgage options: If traditional mortgages don't work out, explore alternative options such as FHA loans, VA loans, or USDA loans.

Finance 96

Finance Debt-to-income ratio FHA loan Mortgages 96

HomeLight

MARCH 9, 2023

You may be eligible for one of the following programs: FHA loans The Federal Housing Administration insures FHA loans with qualified lenders who will provide the following: Lower down payments (3.5% An FHA 203(K) loan insures mortgages for purchasing and rehabbing a home.

Loans 96

Loans Debt-to-income ratio VA loan FHA loan 96

Marco Santarelli

MAY 14, 2025

Washington: Fueled by the tech industry and strong job growth, Washington's real estate market offers decent mortgage rates. These rates may require you to pay points upfront, or they might be based on a borrower with an exceptionally high credit score or a very small loan ( Investopedia ).

Mortgages 52

Mortgages Debt-to-income ratio Loans FHA loan 52

Rochester Real Estate

NOVEMBER 5, 2015

The authors of these articles are some of the best writers in the mortgage and real estate industries. ” is an extremely common question in the mortgage and real estate industries. It’s unfortunate, but not every prospective buyer is going to be able to qualify for a home loan. Happy house hunting!

Finance 52

Finance Mortgages VA loan Pre-approval 52

Redfin

SEPTEMBER 6, 2024

Debt-to-income ratio (DTI) The debt-to-income ratio is a key metric lenders use to evaluate how much of your monthly income goes toward debt payments. It is calculated by dividing your total monthly debt payments by your gross monthly income.

Debt-to-income ratio 69

Debt-to-income ratio Mortgages VA loan Principal 69

HomeLight

JULY 31, 2020

These increased standards are called mortgage overlays , and they may include bigger down payments, higher credit scores , lower debt-to-income ratios, or a combination of these changes. Conventional loans were more likely to have a 20% down payment, and VA loans averaged just 2% down. Average down payments.

Debt-to-income ratio 96

Debt-to-income ratio Loans Equity Finance 96

Redfin

FEBRUARY 10, 2021

Luckily, Redfin chief economist Daryl Fairweather gives us her keen insights into what the housing industry is doing in 2021. “ Have a Healthy Debt-to-Income Ratio (DTI). Another key component banks consider when issuing loans, is your debt-to-income ratio. Get Pre-approved.

Debt-to-income ratio 76

Debt-to-income ratio Pre-approval Inspection Purchase and sale agreement 76

HomeLight

MAY 31, 2021

One of the first things you’ll want to know is just how much house you can afford , which is based on your income, credit score, debt-to-income ratio (DTI), and savings amount (including your down payment). I had some clients a few years ago that had trouble qualifying because they had a lot of debt.

Mortgages 85

Mortgages Debt-to-income ratio Loans Closing costs 85

HomeLight

JANUARY 27, 2021

A great agent also has relationships across the industry. Other features : Interest rates are low with USDA loans, but they do come with a 1% upfront fee, and a small monthly fee on top of that. Other features : FHA loans have higher rates and fees than other options, and they require mortgage insurance.

Closing costs 119

Closing costs Inspection Loans Earnest money deposit 119

Redfin

JUNE 14, 2023

North Carolina housing market insights The housing market in North Carolina is a vibrant and flourishing industry that presents potential buyers with numerous choices. The specific down payment required will depend on various factors, including the type of mortgage loan and your credit score. of the purchase price.

Pre-approval 59

Pre-approval Debt-to-income ratio Closing costs Title 59

HomeLight

OCTOBER 29, 2021

There are plenty of mortgage loan calculators to be found online, and generally speaking, lenders don’t want to see your total debt, including your mortgage payment, exceed 45% of your income; some borrowers can go up to 50%. This is known as your debt-to-income ratio (DTI).

Inspection 98

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Housing Wire

DECEMBER 4, 2024

Certain borrower groups are especially vulnerable, including those with lower credit scores , higher debt-to-income ratios and those who opted for more affordable loan products. Walsh said that there’s a “big question mark” related to FHA loans, which recorded a 10.46% delinquency rate in Q3 2024, up from 9.5%

VA loan 295

VA loan Mortgages Debt-to-income ratio FHA loan 295

Housing Wire

MAY 2, 2023

The most controversial change was the addition of the LLPA tied to a borrower’s debt-to-income ratio, which will charge a fee for borrowers with a DTI at 40% or higher. So that’s what the real outrage is,” the production manager said.

Debt-to-income ratio 410

Debt-to-income ratio Loan Officer Loans FHA loan 410

Realtor.com

JUNE 18, 2021

Before Thursday’s changes, the FHA program assumed that many borrowers were making monthly payments equal to 1% of their unpaid student-loan balances. Industry groups and consumer advocates say that method tended to inflate a borrower’s debt-to-income ratio and disqualify otherwise creditworthy borrowers from FHA loans.

Loans 95

Loans FHA loan Debt-to-income ratio Equity 95

Housing Wire

DECEMBER 7, 2020

As commonplace as DPA has become, this industry suffers from three major problems: A patchwork of different program structures and borrower requirements across agencies and jurisdictions, which raises the costs and limits the interests of regional and national lenders from scaling up their DPA activities.

FHA loan 491

FHA loan Debt-to-income ratio Loans Equity 491

Marco Santarelli

MARCH 10, 2025

Heres a detailed overview of the current mortgage rates: Loan Type Current Rate (%) 30-year Fixed 6.31 FHA Loans 30-year 6.01 Here are the average refinance rates: Loan Type Current Rate (%) 30-year Fixed 6.33 FHA Loans 30-year 6.01 Keeping this ratio low could aid in securing better rates.

Debt-to-income ratio 59

Debt-to-income ratio Mortgages FHA loan Fixed-rate mortgage 59

Marco Santarelli

MAY 22, 2025

Average Loan Size: The size of the average mortgage loan can also impact rates. Larger loan amounts sometimes come with different risk profiles for lenders. State Regulations: Each state has its own set of regulations governing the mortgage industry. Some might be more aggressive in certain markets than others.

Mortgages 52

Mortgages Debt-to-income ratio Fixed-rate mortgage Loans 52