Realtor.com

NOVEMBER 9, 2022

When you sell your home, the buyers have to get their own mortgage and you pay yours off in full with proceeds from the sale. Most loans aren’t transferable, and the reason for this is that they have a “due on sale” clause, explains Chris Combs , founder of Combs Law Group.

Mortgages 98

Mortgages VA loan FHA loan Loans 98

Housing Wire

DECEMBER 30, 2020

Sales of new homes spiked 18.6% United Wholesale Mortgage caught headlines by offering rates as low as 2.25% for VA loans (though, to be fair, ultra-low-rate products aren’t always what they seem ). But consumers were still interested in that new home smell. Meanwhile, refinancings rose to 65.7%

Mortgages 545

Mortgages Loans VA loan Investor 545

HomeLight

MARCH 13, 2023

Whatever your reason for needing a quick sale without making a substantial investment, the Orlando real estate market is teeming with cash buyers ready to make a deal no matter your home’s condition. Get an all-cash, no-obligation offer through HomeLight’s Simple Sale platform whenever you’re ready.

Sales 77

Sales Investor Due diligence Renovation 77

HomeLight

SEPTEMBER 21, 2020

Complicating matters is that your spouse didn’t return from a deployment in time to help with packing, clean up, or crunching the finances. Special designations, like military-relocation specialist. In that sense, an agent with a special designation like Military Relocation Professional (MRP) can grant peace of mind.

VA loan 107

VA loan Purchase and sale agreement Loans Agents 107

HomeLight

JUNE 30, 2021

“You can walk in without [taking] any money out of your pocket,” says Richard Helali, mortgage sales leader at HomeLight Home Loans (though note that you may be responsible for some closing costs, depending on your situation). Financing a home may be more feasible than you think! USDA loan. VA loans are backed by the U.S.

VA loan 64

VA loan FHA loan Mortgages Closing costs 64

HomeLight

JANUARY 22, 2024

Why do sellers consider selling making a as-is home sale? Fast facts about selling a house ‘as is’ in Colorado Median sales price in Colorado $545,000 Average days on market (DOM) for Colorado 50 Disclosures Colorado law requires sellers to disclose material facts about the property through the Colorado Seller’s Property Disclosure Form.

As-is 91

As-is Inspection Finance Investor 91

HomeLight

MAY 23, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in North Carolina. “As is” is a type of home sale where it’s understood that no improvements will be made to the property. Sell 'As Is' With a Cash Offer. Request Cash Offer. Disclosures.

As-is 79

As-is Purchase and sale agreement VA loan Inspection 79

HomeLight

JUNE 21, 2023

If you’re one of the roughly 4 million teachers nationwide, purchasing a home might be a lot easier than you realize, thanks to homebuyer programs for teachers specifically designed to save on down payments and other fees. Veterans also can combine a VA loan with this program. Program highlights Buyers save 0.7% Learn more here.)

Loans 88

Loans Debt-to-income ratio FHA loan Closing costs 88

Realtor.com

NOVEMBER 28, 2022

While there are a variety of mortgages aimed at helping homebuyers afford a home—such as FHA loans and VA loans —one type that’s often overlooked are USDA loans, which offer excellent terms to those who qualify, including a 0% down payment and low interest rates. The restrictions of USDA loans.

Loans 95

Loans Mortgages FHA loan Debt-to-income ratio 95

Realtor.com

JANUARY 25, 2022

That said, “first-time buyers don’t have profits from the sale of a home to parlay into a new down payment, so they’re usually starting from square one.” Buyers with strong credit taking out a conventional loan can put down as little as 3%,” notes Loudenback, who’s based in Los Angeles.

Closing costs 98

Closing costs Loans VA loan FHA loan 98

HomeLight

DECEMBER 29, 2021

Savvy sellers know that if their home is priced right, they stand a very good chance of having it appraise accordingly, and keep the sale on track. FHA and VA loans have additional requirements an appraiser must evaluate, most of which relate to safety and soundness. Source: (Andrey_Popov / Shutterstock).

Purchase and sale agreement 100

Purchase and sale agreement VA loan Loans Agents 100

HomeLight

NOVEMBER 29, 2021

Research and strategy are involved when deciding on a figure for a down payment, which will depend on your savings and how much you’re willing (and able) to finance. Conforming loans can be bought by the government-sponsored enterprises (GSEs) Freddie Mac and Fannie Mae, and therefore have to meet their loan standards.

Earnest money deposit 81

Earnest money deposit FHA loan Purchase and sale agreement Inspection 81

Marco Santarelli

APRIL 24, 2024

According to a recent report by the National Association of Realtors (NAR) , existing-home median sales prices have risen year-over-year for 129 consecutive months. FHA Loans: Backed by the Federal Housing Administration, these loans are designed for borrowers with lower down payments (as low as 3.5%).

Pre-approval 52

Pre-approval Mortgages FHA loan Fixed-rate mortgage 52

HomeLight

JANUARY 4, 2022

Our HVE combs public data including tax records and assessments and pulls recent sales records for other properties in your neighborhood. The appraisal also helps to shield a financed homebuyer from potential risk. If they’re upside down, they can’t sell the house and they’re likely going to have a foreclosure. No parking.

VA loan 124

VA loan Loans Renovation As-is 124

HomeLight

MAY 19, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Maryland. As is” is a type of home sale where it’s understood that no improvements will be made to the property. If the home is part of a designated historic district. Request Cash Offer.

As-is 94

As-is Inspection Investor Closing costs 94

HomeLight

MAY 23, 2022

“Either there are a couple of issues with the house that they want to disclose but not necessarily repair or they’re selling a house as part of an estate sale and don’t know a lot about it.”. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Wisconsin.

As-is 101

As-is Inspection Investor Closing costs 101

HomeLight

FEBRUARY 21, 2023

Sell 'As Is' With a Cash Offer in Georgia HomeLight’s Simple Sale platform will provide a no-obligation, all-cash offer for Georgia homes in almost any condition. As is” is a type of home sale where it’s understood that no improvements will be made to the property. Skip repairs and close in as few as 10 days.

As-is 72

As-is Investor Inspection Closing costs 72

HomeLight

MAY 28, 2021

You’ll be on the hook for the entirety of those repairs, and you can’t expect any financial help from the seller if you pursue the sale. A seller may lack the resources or finances to complete repairs at the moment and doesn’t want to have that contingency to sell the home. Financing considerations for an as-is purchase.

As-is 67

As-is Inspection Title search Inspection contingency 67

HomeLight

AUGUST 23, 2022

Clients using HomeLight’s Simple Sale platform don’t have to worry about additional repairs, prepping their home for listing or showings. Clients maximize the value of their quick home sale with a competitive top market offer and no additional fees, commission or upfront costs. Average sales price in Ohio. Request Offer.

As-is 90

As-is Investor Closing costs Inspection 90

HomeLight

NOVEMBER 10, 2021

In fact, the median sales price for single-family homes in the Miami area in August 2021 was over $500,500 , according to Florida Realtors®. Prices aren’t much different in the Fort Lauderdale area, where the median sales price of single-family homes are trending around $495,000 and condominiums and townhomes are running around $220,000.

Closing costs 96

Closing costs Loans Purchase and sale agreement Earnest money deposit 96

HomeLight

NOVEMBER 16, 2021

They must be traditional sales or for sale by owner (FSBO) homes. Homes must be listed at a price point between $100,000 and a metro’s designated maximum purchase price (which Home Partners sets). Properties must fall into the categories of single-family homes and fee-simple townhomes.

Purchase and sale agreement 78

Purchase and sale agreement Pre-approval Debt-to-income ratio Pre-qualification 78

Redfin

MAY 2, 2023

However, the recent increase in mortgage rates has resulted in a slowdown in competition, leading to a 4% drop in the median sale price to $558,300 compared to the previous year. 2: Fort Collins, CO Median home price: $540,000 Fort Collins, CO homes for sale Living in Fort Collins offers a small-town feel with big-city amenities.

Pre-approval 56

Pre-approval FHA loan Loans Finance 56

The Close

DECEMBER 29, 2022

This tool, also known as a like-kind exchange, allows investors to defer paying capital gains taxes on a sale. ” If a property is active contingent, a buyer has submitted an offer to purchase a property, but the sale won’t be finalized until certain conditions, or contingencies, are met. Comparable sales (comps).

Purchase and sale agreement 98

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

HomeLight

FEBRUARY 12, 2021

As a seller you won’t be privy to all the details of your buyer’s loan, regardless of if they finance with an FHA loan or a conventional loan. USDA and VA loans both go as low as zero down. The appraisal process for FHA loans is stricter. Sellers must complete major repairs before closing.

FHA loan 107

FHA loan Loans Pre-approval Pre-qualification 107

Redfin

AUGUST 2, 2022

Otherwise, floating homes vary in design. Interior design. In other cases, only the home’s structure may be for sale, meaning you’ll likely pay rent for the moorage, similar to HOA fees. Financing a floating house. They’re typically more rectangular, with a flatter roof and many windows.

VA loan 55

VA loan FHA loan Loans Design 55

HomeLight

NOVEMBER 29, 2021

William Hagan , a New Jersey agent who typically sells homes more than 40% faster than the average agent in his area, warns that even a 20% down payment may not be enough to win a bidding war in the 2021 sales market. “In You’ll find up-to-date information on new listings, days on market, median sales prices, housing inventory, and more.

Land 84

Land Closing costs Purchase and sale agreement Loans 84

HomeLight

AUGUST 20, 2021

You think your house sale is all wrapped up — but you’re not done yet. The appraisal is a crucial step in the closing process; your home must appraise for equal to or more than the sale price for the buyer’s lender to approve their mortgage. FHA loans require a special appraisal. Source: (Viviane Pasta / Unsplash).

FHA loan 102

FHA loan Inspection Pre-approval Loans 102

HomeLight

JULY 25, 2022

JoAnn and her business partner and husband, Thomas “Tom” Jacobs, have sold real estate in Tallahassee, Florida, for more than 24 years and have completed the sale of 100% of their listings. Sellers are interested in listing their home ‘as is’ because they want a sale with an easy transaction and a lot less hassle,” says Tom.

As-is 82

As-is Purchase and sale agreement Inspection Closing costs 82

HomeLight

OCTOBER 29, 2021

Housing shortages, bidding wars, and fast-moving sales abound, coupled with historically low interest rates. You can go through your household items and sell them on various sites like eBay, or set up shop on one of the many used clothing sites, such as Poshmark or Tradesy (think of that designer outfit you bought and wore exactly once…).

Inspection 87

Inspection Loans VA loan Title 87

HomeLight

DECEMBER 30, 2021

The only thing that stands between you and a sale is the appraisal. According to the National Association of Realtors® Research Group’s 2021 data , 64% of buyers have conventional loans, 16% have FHA loans and 14% received VA loans. You’re ready to move on. And, what’s it going to take for your home to pass?

Loans 114

Loans Agents Inspection Closing 114

HomeLight

OCTOBER 15, 2020

is for sale. Many wishful homeowners would just keep on driving and try to forget that their dream home is on the market … but you know how to apply for a USDA loan, so you turn your car around and head home to do just that. These loans — like FHA and VA loans — are backed by the government. Get preapproved.

Loans 82

Loans Purchase and sale agreement Loan Officer Debt-to-income ratio 82

HomeLight

NOVEMBER 17, 2021

Fortunately, there are first time home buyer programs designed to make the process a little less stressful — you just need to know what they are and where to look. First-time homebuyer programs are just that: programs designed to help people purchase their first home. Source: (DISRUPTIVO / Unsplash). First, a brief introduction.

FHA loan 85

FHA loan Mortgages Loans Debt-to-income ratio 85

HomeLight

MAY 27, 2021

With this information in hand, you’ll be prepared to get a mortgage loan and start your journey to homeownership. Step 1: Prepare your finances. Before you can get a mortgage, you have to have your finances in line. Source: (Matthew Henry / Burst). Be prepared in these three financial areas. Line up homeowners insurance.

Loans 78

Loans Mortgages Title FHA loan 78

HomeLight

SEPTEMBER 1, 2022

For example, in Alachua County, FL, the maximum loan amount is $420,680 for a single-family home, while in Monroe County, FL the loan limit is $710,700. Find the FHA loan limit for homes in the county you are looking to purchase in here. VA loans : For veterans, service members, and surviving spouses. Closing date.

Earnest money deposit 72

Earnest money deposit FHA loan Purchase and sale agreement Title 72

HomeLight

OCTOBER 29, 2021

down for a FHA loan. A VA loan may allow you to put zero down. You can put as little as 3% down on a conventional loan. If you use a conventional loan, plan on putting down at least 20% if you want to avoid paying for mortgage insurance. If you’ve ever thought about having a garage or yard sale, now is the time!

Loans 83

Loans FHA loan Pre-approval Closing costs 83

HomeLight

AUGUST 16, 2021

These programs include down payment and closing cost assistance and special loans for first-time buyers. They’re designed to make homeownership more accessible and affordable. Proof of any other income like real estate, child support or alimony, disability, social security, retirement, VA benefits, gratuities/tips, and commissions.

Closing costs 103

Closing costs Purchase and sale agreement Inspection Loans 103