article thumbnail

Agent commission lawsuits cast long shadow over VA, FHA borrowers

Housing Wire

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

VA loan 448
article thumbnail

How To Find Buyer & Seller Leads In The Current Market

Easy Agent Pro

Specializing in one clientele or the other is great for agents who have developed a system for properly handling either buyers or sellers and attracting that type of lead. For active military or veterans, serving this niche requires an understanding of service requirements, property requirements, and fees that are part of VA loans.

Marketing 104
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Apply For a First-Time Home Buyers Loan: Simplifying the Process Into 8 Doable Steps

HomeLight

With this expert-backed guide, we’re here to help: Here’s how to apply for a first time home buyers loan in eight manageable steps. Source: (LinkedIn Sales Solutions / Unsplash). You can qualify for loans with as little as 3.5% Service members, veterans, and surviving spouses qualify for these loans with 0% down.

Loans 98
article thumbnail

Selling a House ‘As Is’ in North Carolina

HomeLight

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 86
article thumbnail

How to Buy a Preforeclosure Successfully: A 13-Step Beginner’s Guide

HomeLight

In fact, the homeowner might even have a plan to catch up on the mortgage, and in the end, the home won’t end up in any kind of sale.). If you’re going to be buying the preforeclosure with a mortgage, your purchase agreement is contingent on your ability to secure a loan, so getting preapproved is important.

article thumbnail

Land of the First Boardwalk: Down Payment Assistance in New Jersey

HomeLight

The amount varies, but it is usually based on a percentage of the home’s purchase price. 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 Homeowners taxes.

Land 91
article thumbnail

Your Ultimate Guide to Buying a Home in Connecticut in 14 Steps

HomeLight

If this all sounds perfect and you’re thinking of purchasing a home in Connecticut, read on! Before you start looking for homes in Connecticut, you want to determine if you’re ready to purchase one. Homebuyers in Connecticut pay an average of just over $2,700 in closing costs when purchasing a home. Saving for your down payment.