Remove Debt-to-income ratio Remove Finance Remove VA loan
article thumbnail

More homebuyers seek government-backed loans as an affordability lifeline

Housing Wire

Chris Porter, a senior vice president at the firm and the author of the latest outlook, said this correlates with buyers dedicating more of their income to housing and seeking accessible financing options. Department of Veterans Affairs (VA) loans, which made up 10%, according to purchase loan lock data from Optimal Blue.

article thumbnail

How will first-time buyers fare if sellers can’t offer buyer agent compensation?

Housing Wire

But for first-time and other cash-strapped buyers—those who are not relying on the proceeds of a home sale, who may be using a 100% financed VA loan, whose agents may be layering forms of assistance to put together enough cash for closing—knowing in advance about the seller’s contribution to their agent costs may be essential.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Today’s Mortgage Rates Rise: Insights for January 02, 2025

Marco Santarelli

VA Loans : For military service members and veterans, VA loans offer competitive rates that are often lower than conventional loans, along with favorable terms. Adjustable-Rate Mortgages (ARMs) : These can be attractive at the onset due to lower introductory rates.

article thumbnail

Today’s Mortgage Rates March 4, 2025: Rates Have Dropped Sharply

Marco Santarelli

VA Loans: For eligible veterans, VA loans offer great benefits, including no down payment and often lower interest rates. FHA Loans: FHA loans are insured by the Federal Housing Administration and are designed for borrowers with lower credit scores or smaller down payments. ARMs can be risky.

article thumbnail

Creative Strategies To Come Up With The Down Payment

The Mortgage Report

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? This tells you how expensive housing has become compared to income.

article thumbnail

The Best Mortgage Blogs From 2017 | Advice For Home Financing

Rochester Real Estate

Top Mortgage Blogs From 2017 Best Mortgage & Home Financing Blogs From 2017 We’re back! Below you’re going to find some incredible recaps of home financing and mortgage blogs that have been published during 2017. This week we’re highlighting the best mortgage blogs from this year! Happy house hunting!

article thumbnail

6 Types of First-Time Homebuyer Loans: Everything New Buyers Should Know

Redfin

Conventional loans: You have a credit score of 620+, stable income, and can put at least 3% down. FHA loans: You have a credit score of 580+ (or 500+ with 10% down) and a higher DTI ratio. VA loans: You’re an eligible veteran, active-duty service member, or surviving spouse. Requirements Down payment: 3.5%