Redfin
FEBRUARY 24, 2025
Interest rates: Mortgage interest rates, influenced by factors such as credit score, debt-to-income ratio, income, and down payment size, play a crucial role in the overall cost of purchasing a home. While new construction may cost more upfront, it can provide modern warranties, energy efficiency, and long-term value.
Marco Santarelli
FEBRUARY 7, 2025
Reckless construction and speculative buying led to a surplus that couldn't be sustained when the economy faltered. Demand continues to outstrip supply in many areas, particularly as millennial homeownership increases and new construction struggles to keep pace. months This difference in inventory is crucial.
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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. In this case, the total debt-to-income ratio (DTI) would be 51% and would exceed the Fannie Mae or Freddie Mac DTI limit of 50%. permanent rate buydown to 6%.
HomeLight
JUNE 27, 2022
You’re looking at new construction as an option for your new home and love the idea of buying a brand-new house that has never been lived in before. However, you want to arm yourself with the tools and insider information so you don’t get too carried away with the new build. The dos of buying new construction.
Housing Wire
JULY 25, 2023
I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” Williams said. According to Sandy Williams, an eXp Realty agent in Sarasota, homeowners’ insurance costs have doubled for many in her metro area ( flood insurance costs have also risen dramatically). “I
RIS Media
JUNE 6, 2021
However, in all land purchase transactions, it would be best to have a great credit score, a good debt-to-income ratio and a continuous income. You can apply for a loan that covers both the land you want to purchase and the construction you want to develop on this land. This produces a couple of consequences.
Redfin
JUNE 30, 2023
Whether your sights are set on a Ranch-style home in Tulsa or a new-construction in Yukon , let’s break down what a jumbo loan is in Oklahoma, the 2023 conforming loan limits, and what’s needed to qualify for this type of loan. In this instance, you may need to apply for a jumbo loan. What is a jumbo loan?
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