Realtor.com

AUGUST 1, 2018

Michail_Petrov-96/iStock A few years back, my husband and I got an FHA loan. had recently bought using a Federal Housing Administration loan, and it was working out wonderfully. An FHA loan—which allows the buyer to put down as little as 3.5%—sounded You can’t buy just any house with an FHA loan.

FHA loan 91

FHA loan Loans Inspection Renovation 91

Housing Wire

FEBRUARY 8, 2022

To Dana Dillard, principal advisor at Housing Finance Strategies and a 25-year mortgage industry veteran, the ghosting problem happens, among other reasons, because homeowners deny the reality or feel overwhelmed with their debts — especially if they lost a relative or friend due to COVID-19 or are unemployed for a while.

Loans 370

Loans Pre-approval Mortgages Principal 370

HomeLight

SEPTEMBER 30, 2020

However, in the years since you’ve had your home, you’ve likely built up equity in the home, meaning that you would take out less money to refinance your house than you did to buy it. On the plus side, you will not have to go through any inspections in the process of your refinance. Source: (Mark Finn / Unsplash). So why refinance?

Mortgages 98

Mortgages Fixed-rate mortgage Equity Loans 98

HomeLight

OCTOBER 11, 2021

You’re getting ready to start shopping for a house, and you’re pretty certain you want to go with an FHA loan. The Federal Housing Administration backs loans with less strict credit requirements and low down payment options to help families become homeowners. How much house can you afford if you’re getting an FHA loan?

FHA loan 77

FHA loan Loans Debt-to-income ratio Closing costs 77

HomeLight

JANUARY 27, 2021

Mortgage insurance is extremely common for first-time buyers, and it’s often the fastest way to achieve homeownership and start building equity today, rather than waiting until you’ve saved up 20% — an unrealistic feat for many buyers. and 1% of your loan amount, annually. to 1% of the loan amount annually. Know your loan types.

Closing costs 119

Closing costs Loans Inspection Earnest money deposit 119

HomeLight

JUNE 22, 2023

Credit scores typically fall into one of these ratings: 580 and below: poor 580-669: fair 679-739: good 740-799: very good 800-850: excellent The minimum credit score you need to be approved for a mortgage will depend on what kind of loan you are applying for. Q: What’s included in my monthly mortgage payment?

Debt-to-income ratio 82

Debt-to-income ratio Mortgages FHA loan Loans 82

HomeLight

MAY 31, 2021

The type of mortgage loan program you go with will depend on your individual needs. If your credit isn’t excellent and you need to make a lower down payment, talk to your lender about an FHA loan. If your credit is stronger, maybe a conventional loan is the way to go. What does the loan process look like?

Mortgages 57

Mortgages Debt-to-income ratio Loans Closing costs 57