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. Definitely include an inspection contingency.

Closing costs 117

Closing costs Loans Inspection Earnest money deposit 117

HomeLight

AUGUST 9, 2022

Veterans have access to the Veterans Affairs (VA) loan when buying a home , a great benefit of serving the country as a current active military member, a military veteran, or as a surviving spouse of someone in the military. A VA loan provides 100% financing with no money down — so no down payment.

Earnest money deposit 98

Earnest money deposit VA loan Purchase and sale agreement FHA loan 98

HomeLight

DECEMBER 29, 2021

FHA and VA loans have additional requirements an appraiser must evaluate, most of which relate to safety and soundness. Learn how different loan requirements can impact an appraisal. FHA and VA loans have stricter requirements for the appraisal, as well as different underwriting guidelines.

Purchase and sale agreement 107

Purchase and sale agreement VA loan Loans Agents 107

HomeLight

MARCH 13, 2023

Airbnb owners get tired of paying management fees and dealing with customer complaints and negative ratings, but they have too little equity to sell the traditional way. With a cash home buyer, there are usually no financing or inspection contingencies typically found in traditional real estate contracts.

Sales 84

Sales Investor Due diligence Renovation 84

HomeLight

MARCH 6, 2023

He explains that owning a house is the most constructive and easiest way to build wealth, and even if you pay more now, you are still building equity, and will likely enjoy significant tax benefits. Find the FHA loan limit for homes in the county you are looking to purchase here.

Closing 91

Closing Earnest money deposit Sales Title 91

HomeLight

OCTOBER 29, 2021

If you’re a service member or veteran, you probably qualify for a VA loan, which means you can take advantage of a loan with a 0% down payment. With VA loans, you get to skip paying mortgage insurance, so that’s a big plus and a big savings on your monthly payment. But still get a home inspection!

Inspection 93

Inspection Loans VA loan Title 93

HomeLight

AUGUST 24, 2022

When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan. These are standards related to the overall condition of a property which will play a role in the willingness and/or ability of a lender to finance a buyer’s loan.

As-is 101

As-is Inspection Investor Closing costs 101