Remove Earnest money deposit Remove Sales Remove Title search Remove VA loan
article thumbnail

How Long Can a House Be Under Contract?

Norada Real Estate

Definition of Under Contract The term “under contract” refers to the period after a seller accepts a buyer's offer, but before the sale is finalized at closing. Additionally, the type of financing being used, such as FHA or VA loans, can also impact the length of the under-contract period.

article thumbnail

How Long Does It Take to Close on a House From Start to Finish?

HomeLight

24, you can expect to close on the sale of your home somewhere between the end of February to mid-March. Broken down by type of loan, you can expect the following: . Conventional loan. HomeLight’s Simple Sale platform provides cash offers for homes in almost any condition across the country. 1 and accept an offer on Jan.

Closing 112
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 Buy a House in the Bay Area: 14 Steps to Close the Sale

HomeLight

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. Find the FHA loan limit for homes in the county you are looking to purchase here.

Closing 90
article thumbnail

How to Buy a House in San Diego: 14 Steps to Close the Sale

HomeLight

Consider factors such as how long you plan to be in the area, if you have steady employment, and if you have enough money saved for not just the down payment, but for closing costs , maintenance, property taxes, and more. Special programs VA loans: For veterans, service members, and surviving spouses. Visit this link on the U.S.

Closing 95
article thumbnail

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

HomeLight

For example, in Fairfield County, CT, the maximum loan amount is $695,750 for single family homes, while in New Haven-Milford County, the loan limit is $420,680. 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.

article thumbnail

Your Guide to Buying a Home in the Sunshine State of Florida

HomeLight

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.

article thumbnail

Beaches, Mountains, Sunshine? Yes, Please. Here’s How to Buy a California Home

HomeLight

Median home sale prices in California increased by 5.4% Mortgage insurance premium (MIP) paid monthly for the life of the loan. VA loans are available to current service members and veterans who meet eligibility requirements. There are two types of VA loans — a VA direct home loan (uncommon) and a VA-backed home loan.