HomeLight

AUGUST 9, 2022

Earnest money is an amount — usually between 1% and 3% of the purchase price — offered to the seller as a sign of good faith. It shows them you’re serious about buying their home and that you’re able to put your money where your mouth is, so to speak. A Federal Housing Administration loan is backed by the federal government.

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Earnest money deposit VA loan Purchase and sale agreement FHA loan 88

HomeLight

SEPTEMBER 1, 2022

Median home sale prices in California increased by 5.4% An FHA loan is insured by the Federal Housing Administration and available from FHA-approved lenders. An FHA loan is unique in that borrowers are able to use a down payment assistance program for the entire down payment. Send your earnest money deposit.

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Earnest money deposit VA loan FHA loan Loans 86

HomeLight

JUNE 9, 2023

Since your buyer is paying you in small increments over a period of several years, the government regards this as an installment sale which comes with significant tax breaks. You should also pull their credit report, so you have a deep understanding as to why they aren’t qualifying for a conventional loan.”

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