HomeLight

SEPTEMBER 1, 2020

If the former homeowner defaulted on an FHA loan, the home may become inventory for various HUD programs, including the Good Neighbor Next Door program. Make sure the offer includes any important contingencies, such as an inspection contingency. Step 9: Order an inspection. Source: faiq daffa / Unsplash).

Banks 74

Banks Inspection contingency Inspection FHA loan 74

HomeLight

AUGUST 9, 2022

“So, someone could literally buy a $700,000 house with no money down with a VA loan,” says May. A Federal Housing Administration loan is backed by the federal government. Unless you’re putting 20% down on a mortgage loan, mortgage insurance is required to protect the lender if the buyer defaults on their loan.

Earnest money deposit 92

Earnest money deposit VA loan Purchase and sale agreement FHA loan 92

HomeLight

AUGUST 24, 2022

Buyers are still going to do their inspection, they’re going to do their own due diligence and they are going to be paying their inspector. One inspector might make a bigger issue out of something then another inspector is going to do,” so Auslander doesn’t always recommend getting a pre-listing inspection.

As-is 95

As-is Inspection Investor Closing costs 95