Redfin

MARCH 3, 2022

Any changes in your debt-to-income ratio or credit score could cause issues with your loan application, which increases the chance of a delayed closing. Clouds on the title. Before you can close the deal, you’ll need to make sure that the title is clear. Delayed approvals from Homeowners Associations.

Closing 62

Closing Title search Purchase and sale agreement Title 62

HomeLight

AUGUST 29, 2022

Nicknamed the Lone Star state, Texas is the second most populous state in the country and the second largest state in land mass. DTI: Your debt-to-income ratio helps the lender assess if you as a borrower would be able to afford your monthly payment. It shows the amount of debt you have in comparison to your income.

Earnest money deposit 109

Earnest money deposit Title Inspection Title search 109

Realtor.com

NOVEMBER 28, 2022

Also known as Section 502 or 504 loans, these programs are specifically reserved for people with low or moderate incomes looking to buy in designated rural parts of the country. land is located within USDA loan–eligible boundaries, where about one-third of all Americans currently reside.

Loans 95

Loans Mortgages FHA loan Debt-to-income ratio 95

The Close

DECEMBER 29, 2022

Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. An established chain of title helps protect the buyer from future challenges to ownership. A title search helps create that chain and is usually conducted by a lawyer or title company.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98