The Mortgage Report

JULY 11, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? Start here In this article (Skip to…) What is special about Q3’s housing market Is it smart to buy with all the government uncertainty? But that is really market dependent.

FHA 203k rehab loan

The Mortgage Report

JULY 14, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? To qualify, the borrower will need to meet the lender’s credit, income, and debt-to-income ratio (DTI) requirements. Requires Lender Approval?

FHA 203k rehab loan

Marco Santarelli

DECEMBER 22, 2024

Understanding these rates is important for making informed decisions in the housing market, whether you're buying a home or refinancing your current mortgage. Economic Conditions: Factors such as the overall health of the economy, inflation rates, and the employment market all play crucial roles. Are mortgage rates expected to drop?

Mortgages

Rochester Real Estate

NOVEMBER 5, 2015

Before taking the time to grant a mortgage pre-approval , lenders evaluate this information. Various factors, including market conditions and your creditworthiness, influence the interest rate. Calculating your PITI is crucial in determining your affordability and considering changes in taxes and insurance over time.

Debt-to-income ratio

Redfin

MARCH 5, 2025

Review your savings for your down payment , monthly income, and potential loan options to set a realistic price range. Maintaining a low debt-to-income ratio and a strong credit score can also enhance your eligibility for favorable mortgage terms. The 28/36 rule is a common mortgage budgeting guideline.

Debt-to-income ratio

Marco Santarelli

APRIL 24, 2025

The highs and lows show the importance of timing and keeping an eye on the market. Income: Lenders want to see that you have a stable income and can comfortably afford your mortgage payments. Debt-to-Income Ratio (DTI): This compares your monthly debt payments to your gross monthly income.

Mortgages

Redfin

JULY 30, 2025

On top of that, it’s also smart to check your local housing market trends and mortgage interest rates. Your mortgage rate will not change, regardless of market rates rising or falling. Lower your debt-to-income ratio: Paying down existing debt can improve your financial profile, helping you qualify for lower interest rates.

Pre-approval

Rochester Real Estate

NOVEMBER 5, 2015

After the chaos of the pandemic and a booming seller’s market, 2023 might be a better time to buy a house. A pre-approval letter must be included, and proof of funds can also help in a seller’s market. You don’t want to be denied the loan after being approved.

Purchase and sale agreement

Marco Santarelli

JULY 11, 2025

Stable Housing Markets: Perceived stability in the housing market makes lenders feel more secure. It has a huge real estate market and stiff competition among mortgage lenders. This includes credit score, income, debt-to-income ratio, down payment, and the type of loan you choose. Stay informed.

Mortgages

Marco Santarelli

JUNE 17, 2025

These rates often come with catches like: Paying points upfront Requiring an exceptionally high credit score Being limited to very small loan amounts Remember, the rate you actually qualify for will depend on your individual circumstances, including your credit score, income, debt-to-income ratio, and the size of your down payment.

Mortgages

The Mortgage Report

JULY 22, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? Things to consider: You’ll need to qualify for the loan on your own — your credit, income, and debt-to-income ratio all matter.

FHA 203k rehab loan

Rochester Real Estate

NOVEMBER 5, 2015

For example, if you use a bank for your loan you may already have a pre-existing relationship with them and they sometimes offer very competitive interest rates. Have you tried calling a bank on a Saturday night to get a pre-approval letter? It lead to investors snapping up too many homes even as the market started to slow.

Finance

Redfin

JULY 31, 2025

If you’re unsure where to start, check with HUD-approved counseling agencies, non-profit organizations, and local housing authorities to find available courses. No down payment is required, but income limits apply based on location and household size. ARMs can help you save early on, but carry the risk of rate increases.

Purchase and sale agreement

Redfin

JULY 16, 2025

Key factors that affect how much house you can afford The income needed for a $300k mortgage depends on several personal and market-related factors. Debt-to-income ratio (DTI) Your debt-to-income ratio (DTI) compares your total monthly debt payments to your gross monthly income.

Debt-to-income ratio

Redfin

JULY 7, 2025

Whether you’re in Dallas or Orlando , laws and market conditions can affect how, and if, you can purchase a home before your divorce is finalized. Get clear pre-approval: Make sure your mortgage pre-approval reflects your current debts, legal obligations, and post-divorce income so you know what you can truly afford.

Debt-to-income ratio

Redfin

JULY 3, 2025

Some lenders may require a finalized divorce decree before approving a mortgage, as this document outlines debt and asset division, alimony, and more. These details directly impact your debt-to-income ratio , how much you afford and borrow. If you’re the one making those payments, they count as debt.

Debt-to-income ratio

Marco Santarelli

MARCH 20, 2025

As of March 20, 2025, the mortgage market is showing a slight upward tick , with rates inching up for the second consecutive week. Debt-to-Income Ratio (DTI): Lenders assess your DTI to determine your ability to manage your debt obligations. Are you keeping an eye on mortgage rates?

Mortgages

Redfin

MARCH 5, 2025

Review your savings for your down payment , monthly income, and potential loan options to set a realistic price range. Maintaining a low debt-to-income ratio and a strong credit score can also enhance your eligibility for favorable mortgage terms. The 28/36 rule is a common mortgage budgeting guideline.

Debt-to-income ratio

Marco Santarelli

JUNE 5, 2025

Remember, your actual mortgage rate will depend on your individual factors like: Credit score Income Debt-to-income ratio Down payment amount Factor in All the Costs: Playing With the Numbers Getting a low interest rate is great, but it's only one piece of the puzzle. Get pre-approved.

Mortgages

The Mortgage Report

JULY 16, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? Lender approval is required, and qualifying alone can be tough without solid income and credit. How Much Home Can I Afford?

FHA 203k rehab loan

Marco Santarelli

MAY 9, 2025

Market Influences : Trade agreements, inflation, and Federal Reserve policy can all play a role in rate adjustments. Personal Financial Profile : Your credit score, debt-to-income ratio, and the size of your down payment also influence your individual mortgage rate. have reacted instantly in the market.

Mortgages

Marco Santarelli

MAY 9, 2025

Market Influences : Trade agreements, inflation, and Federal Reserve policy can all play a role in rate adjustments. Personal Financial Profile : Your credit score, debt-to-income ratio, and the size of your down payment also influence your individual mortgage rate. have reacted instantly in the market.

Mortgages

Housing Wire

MAY 7, 2025

Ive had clients come in looking to restructure their debt some are refinancing personal loans or extending their car loan terms just to make room in their monthly budget for the reinstated student loan payments. Borrowers who havent been making payments face a rude awakening as their budgets are expected to become more constricted.

Loans

Housing Wire

MAY 24, 2024

If you’re considering buying a home but worry that student debt will prevent you from securing a mortgage, you’ll need to be strategic about your approach to increase the probability of your application getting approved. Student loan debt may affect your home-buying goals in a few key ways.

Debt-to-income ratio

Housing Wire

APRIL 4, 2022

The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. As interest rates rise, so do the monthly mortgage payments, which could be problematic for low-to-moderate income borrowers, said Alex Naumovych, loan officer at Draper & Kramer Mortgage.

FHA loan

Housing Wire

MAY 4, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise.

Debt-to-income ratio

Housing Wire

NOVEMBER 8, 2021

This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. Even under “normal” market conditions, VA buyers struggle to successfully purchase a home using their benefit.

VA loan

Lighter Side of Real Estate

SEPTEMBER 12, 2023

If you’ve been searching for a house for any amount of time, you’re probably well aware of how important it is to get a mortgage pre-approval before you even start looking at houses, or at least as early on in the process as possible. When Should You Update Your Pre-approval? Pre-approvals aren’t good forever.

Pre-approval

Realty Biz

AUGUST 20, 2023

Mortgage pre-approval is an essential step when buying a house. During pre-approval, lenders carefully evaluate your financial information, including income, assets, credit history, and other relevant details. How long it takes for lenders to give mortgage pre-approval can vary from a day to a week.

Pre-approval

Housing Wire

AUGUST 27, 2021

A recent syndicated article on racial bias from The Markup on racial bias, published by ABC news, AP, Market Watch and more, has drawn a great deal of attention from trade groups, policy makers and housing advocates with support from some and attacks from others. This rule remains in effect today.

Purchase and sale agreement

Housing Wire

AUGUST 23, 2023

It is possible, said Garg, because of Tinman, a platform that interacts directly with the customer — meanwhile, in other platforms in the market, a human extracts information from borrowers, he said. Flávia Nunes: Better took nearly two years to go public, with Aurora’s shareholders’ merger approval extended three times.

Debt-to-income ratio

Realty Biz

FEBRUARY 22, 2024

Glossy online listings behind your computer screen might fuel your dream home fantasy, but the home-buying process truly begins in earnest when a lender is contacted to be pre-approved for a mortgage. Once this process is complete, the lender will provide you with a pre-approval letter. Calculate the Debt-to-Income Ratio.

Pre-approval

Realtor.com

NOVEMBER 2, 2020

Since COVID-19 started tearing through the country in March, we’ve heard reports of freelancers having an even harder time getting approved for mortgages. Getting a mortgage as a freelancer (pre-coronavirus). But the main difference is that as a freelancer, you just had to document the income.”. The final word. Yes and no.

Debt-to-income ratio

Realtor.com

FEBRUARY 3, 2022

The answer to this question is all the more critical in today’s red-hot, warp-speed market, where you won’t stand a chance without a clear picture of your finances. What is debt-to-income ratio? Your overall debts, compared with your income, define your debt-to-income, or DTI, ratio.

Debt-to-income ratio

Realtor.com

JANUARY 7, 2021

Although this is a major milestone on the march toward closing, there are many points where this deal can go off the rails—like if you find out your home buyer wasn’t approved for a mortgage. Why home buyers aren’t always approved for a mortgage. Still, pre-approval is not a guarantee that a buyer will get a loan.

Loans

Realty Biz

JULY 2, 2022

Economists say the historic shortage of homes for sale is coming to an end, as more inventory is added to the market. Meanwhile, the number of new listings also surpassed pre-pandemic levels, rising 4.5% For now though, inventory remains critically low at around 50% of pre-COVID levels. from a year ago.

Debt-to-income ratio

McKissock

JANUARY 31, 2021

Maybe they made a new purchase and their debt to income ratio is too high. Or maybe the underwriter feels that their income and credit score isn’t high enough. Ensure Your Lender Does a Credit Approval for Your Clients. When this happens, the lender will give an approved amount, and then you begin shopping.

Debt-to-income ratio