Housing Wire

AUGUST 7, 2025

Qualifying buyers — any customer who simply qualifies for a loan, according to the bank — can receive up to 25 basis points off their interest rate, which can be combined with other discounts, including Chase’s relationship pricing. The promotion, which runs through Aug. Rates will vary depending on buyers’ unique situations. ”

The Mortgage Report

JULY 9, 2025

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? Check your home equity loan options.

Equity

Marco Santarelli

MARCH 4, 2025

There are so many different types of loans, lenders, and economic factors that play a role. This reflects the perceived risk involved in refinancing an existing loan versus originating a new one. It offers a stable, predictable monthly payment over the life of the loan. Why Did Rates Drop (Even Slightly)? ARMs can be risky.

Mortgages

Redfin

FEBRUARY 18, 2025

Basically, folding your closing costs into your loan means you’ll need less cash upfront at closing. However, the trade-off is higher monthly payments and more interest paid over the life of the loan. FHA loans An FHA loan is a mortgage loan that’s insured by the Federal Housing Administration (FHA).

Closing costs

The Mortgage Report

JUNE 12, 2025

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? Verify your VA loan eligibility.

VA loan

Redfin

JULY 30, 2025

Which loan is right for you? 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.

Loans

The Mortgage Report

JULY 24, 2025

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? How Much Home Can I Afford?

FHA 203k rehab loan

The Close

NOVEMBER 25, 2024

Simply put, it’s a residential building with more than one unit designed to house multiple families. Multifamily mortgage loans typically require 20% of the property price for a down payment, and there are inevitable maintenance and property management costs. What Is Multifamily Property?

Purchase and sale agreement

Marco Santarelli

DECEMBER 21, 2024

This increased competition often drives prices up and can indirectly influence mortgage rates as lenders adjust to the heightened risk associated with higher-priced loans. The benefits include lower monthly payments compared to shorter loan terms. Cons : Higher total interest paid over the life of the loan.

Mortgages

Redfin

JULY 24, 2025

According to Redfin Real Estate, the minimum down payment for first-time homebuyers varies depending on the type of loan. Many loans offer down payments as low as 3% or even 0%. Here’s a quick breakdown: FHA loans, for example, typically require 3.5% VA and USDA loans may offer 0% down for eligible borrowers.

FHA loan

Marco Santarelli

DECEMBER 22, 2024

Understanding Refinance Rates Refinancing your mortgage means that you take out a new loan to pay off your existing mortgage, often with the intention to secure a more favorable interest rate, reduce your monthly payments, tap into home equity, or adjust your loan term. 15-Year Fixed Refinance 5.94 -0.10 5-Year ARM Refinance 5.94 -0.04

Mortgages

Marco Santarelli

MAY 14, 2025

Mortgage rates on May 14, 2025, are currently experiencing instability with variations in rates across different loan types. Here is an overview of the primary types of mortgages and their characteristics: Fixed-Rate Mortgages : These loans maintain a consistent interest rate throughout the loan term, making budgeting easier for homeowners.

Mortgages

Redfin

JANUARY 28, 2025

Assumable mortgages offer a unique alternative, allowing buyers to take over the sellers existing loan – potentially locking in a lower interest rate and saving money over time. From evaluating the loan terms to understanding the hidden costs, assuming a mortgage isn’t a decision to take lightly.

Loans

Redfin

JUNE 27, 2025

Not getting pre-approved for a home loan before starting your search A common mistake for first-time homebuyers is jumping into the search without first getting pre-approved for a mortgage. Even a small difference in your mortgage rate can really add up over the life of the loan, so it’s worth your time to shop around.

Pre-approval

Redfin

JULY 23, 2025

Key takeaways for your down payment strategy 20% isn’t required: You don’t always need a 20% down payment to buy a home, thanks to various loan options. The amount you’ll be required to put down may vary depending on the loan program you use to finance the home purchase. What is a down payment?

FHA loan

The Close

MAY 20, 2025

An investment property loan is any type of financing you use to buy or refinance a property that generates income, like a rental property (single-family home or a multifamily property) or a commercial property. million Interest rates: Starting at 6.5% million Interest rates: Starting at 6.5% million Interest rates: Starting at 6.5%

Loans

Marco Santarelli

MAY 9, 2025

Year Loan Amount Interest Rate Monthly Payment Monthly Income Payment-to-Income Ratio 1974 $24,000 9.19% $196.39 $925 21.2% That sounds incredibly difficult, especially when you're also trying to pay rent, bills, and maybe even student loans. Student Loan Debt: This is a huge one for my generation and younger.

Debt-to-income ratio

The Mortgage Report

JULY 22, 2025

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? How Much Home Can I Afford?

FHA 203k rehab loan

The Mortgage Report

AUGUST 5, 2025

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? How Much Home Can I Afford?

FHA 203k rehab loan

Marco Santarelli

MARCH 11, 2025

Fixed-Rate Mortgages : As mentioned, fixed-rate mortgages provide stability by locking in your interest rate for the loan's duration. Federal Housing Administration (FHA) Loans : FHA loans are designed to assist low to moderate-income borrowers.

Fixed-rate mortgage

Norada Real Estate

JUNE 7, 2025

They can have a significant impact on monthly payments, overall loan costs, and the housing market's vibrancy. Current Mortgage Rates Overview To better understand the current landscape, let's look at the updated mortgage rates from Zillow for various loan types, both for purchasing and refinancing.

Mortgages

Redfin

JULY 31, 2025

Lean on trusted experts: A great real estate agent, lender, and the right loan choice are key. A strong credit profile signals to lenders that you’re a reliable borrower, leading to lower interest rates and saving you thousands over the life of the loan. The problem is, the repercussions can last for years.

VA loan

Redfin

JULY 21, 2025

Don’t worry if your credit score is toward the lower end of this range; there’s still plenty you can do to improve it and save thousands in interest on your home loan. If you want to improve your credit score , make sure to pay your loans on time, don’t get too close to your credit limit, and decrease your outstanding debt.

Debt-to-income ratio

Marco Santarelli

FEBRUARY 16, 2025

VA and FHA Loans : Competitive rates with a 30-year VA at 5.98% and FHA rates starting at 5.75%. per month (Principal & Interest) These examples illustrate how different loan amounts and terms can impact your monthly mortgage payment, which will be a critical aspect of your budget if you decide to invest in property.

FHA loan

Redfin

JULY 31, 2025

Look into first-time homebuyer benefits Many programs are designed to make homeownership more accessible for first-time buyers by reducing upfront costs, lowering monthly payments, and helping with mortgage qualification. State and local programs: Cities and states may offer down payment assistance, forgivable loans, or closing cost help.

Purchase and sale agreement

Redfin

JULY 22, 2025

It’s okay if your credit score is toward the lower end of this range, there’s still plenty you can do to improve it and save thousands in interest on your home loan. If you want to improve your credit score , make sure to pay your loans on time, don’t get too close to your credit limit, and decrease your outstanding debt.

Debt-to-income ratio

Redfin

JULY 30, 2025

You’re buying in a designated redevelopment area, where certain programs have less strict rules. While it’s beneficial to have a great credit score, there are loans that cater to buyers with lower ones. It’s important to note, however, that your credit score influences your interest rate and loan options.

Pre-approval

The Mortgage Report

AUGUST 7, 2025

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? Check home improvement loan options and rates.

Redfin

APRIL 11, 2025

From there, you can consider different loan options for buying your first home, like: Conventional loans : May require a larger down payment but could have lower long-term costs for buyers with good credit. Government-backed loans : Low or no down payment loans that can be particularly beneficial for starter home buyers.

Marketing

Rochester Real Estate

NOVEMBER 5, 2015

It’s unfortunate, but not every prospective buyer is going to be able to qualify for a home loan. In the simplest terms the main difference is that a bank has its own lending criteria and offers loans by using its own funds. You have no control over who you loan gets sold to. In contrast, a mortgage broker is a middleman.

Finance

Redfin

JULY 28, 2025

Key takeaways: There are several options, loans, and assistance programs that make it possible to buy a house with low income. Compare loan types and speak with a lender to come up with a plan that works for your situation. Compare loan types and speak with a lender to come up with a plan that works for your situation.

VA loan

HomeLight

MAY 15, 2025

This can extend to dual agency, designated agency, and more, and in states like New York, this is mandatory. Be aware of minimum property standards for certain loans When you place your home on the market, its hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan.

As-is

Marco Santarelli

MAY 2, 2025

Average Loan Size: This one is pretty straightforward. These are often “teaser” rates designed to grab your attention, and they might come with hidden costs or strict requirements. Small Loan Amounts: The rate might only apply to smaller-than-average loan amounts. Remember September?

Mortgages

Redfin

JUNE 9, 2025

Don’t worry if your credit score is toward the lower end of this range, there’s still plenty you can do to improve it and save thousands in interest on your home loan. If you want to improve your credit score , make sure to pay your loans on time, don’t get too close to your credit limit, and decrease your outstanding debt.

Debt-to-income ratio

Redfin

JUNE 27, 2025

Key takeaways: Your first-time home buyer benefits include down payment and closing cost assistance, grants, tax benefits, and low-interest or forgivable loans. There are a number of first-time home buyer benefits designed to make homeownership more affordable, from down payment assistance to tax credits and more.

Debt-to-income ratio

Redfin

JULY 24, 2025

It’s not designed to protect you, the homeowner. Lenders typically require PMI on conventional loans when your down payment is less than 20% of the home’s purchase price. Be aware that lenders will require a gift letter to verify that the funds are indeed a gift and not a loan. Pros of a piggyback loan: Avoids PMI.

FHA loan

Redfin

JULY 18, 2025

Don’t worry if your credit score is toward the lower end of this range; there’s still plenty you can do to improve it and save thousands in interest on your home loan. If you want to improve your credit score , make sure to pay your loans on time, don’t get too close to your credit limit, and decrease your outstanding debt.

Debt-to-income ratio