Earnest money deposit FHA loan Loans Marketing 
HomeLight
AUGUST 29, 2022
Typically, the higher your credit score, the lower your interest rate will be, which saves you money over the life of the loan. Different loan programs will require different down payment amounts, but you do not always need to put 20% down when buying a home. Research the market and determine where you would like to buy.
HomeLight
SEPTEMBER 1, 2022
Before the pandemic created a hot market, about 8% of appraisals came in lower than the offer on the home. The lender will hire an independent expert to appraise the home , aka decide the fair market value of the home. The market is moving quickly and the comps aren’t keeping up. The comps used weren’t the best fit.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
HomeLight
JANUARY 12, 2022
But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. Broken down by type of loan, you can expect the following: .
HomeLight
JANUARY 27, 2021
Ready to hit the market, buy your dream home and conquer this whole homeownership thing? Not only should your agent close a lot of deals, but they should be able to demonstrate through their results how they’ve saved other buyers money and helped them close quickly. They’ll have specialized market information that others won’t.
HomeLight
NOVEMBER 29, 2021
While most people have heard that 20% down is some kind of standard, many are unaware that it is possible to buy a home with as little as 3% down — or even no money down, depending on the loan requirements. Before diving into loan options, make sure you know how much you can actually afford with the income you currently have.
HomeLight
AUGUST 9, 2022
But that doesn’t mean the money will leave your account just yet. This means that on a $200,000 house, new buyers were putting up at least $12,000 and using a mortgage loan to cover the remaining balance. Loan origination fee. Loan program fees. On a $350,000 home, a 6% down payment would look like $21,000. Transfer tax.
HomeLight
SEPTEMBER 1, 2022
With tips on everything from how to save for your down payment, specific loan programs for buyers, and what you should look for in an agent, we’ve got you covered. Typically, the higher your credit score, the lower your interest rate will be, which saves you money over the life of the loan. Steps to buying a home in Connecticut.
Expert insights. Personalized for you.
96 
Let's personalize your content