The Close

JUNE 9, 2025

House hacking is a real estate move where you live in a part of your home while renting out the rest, so your tenants help cover your mortgage while you build home equity. Build home equity faster: Tenants help you pay down the mortgage, so your investment grows over time. It’s the most straightforward hack (no renovation required!),

VA loan

The Mortgage Report

JUNE 9, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? These aren’t small fluctuations.

FHA 203k rehab loan

The Mortgage Report

AUGUST 5, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? In this article (Skip to.)

FHA 203k rehab loan

The Mortgage Report

JUNE 13, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Verify your FHA loan eligibility. How Much Home Can I Afford?

FHA loan

The Mortgage Report

AUGUST 6, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Check home improvement loan options and rates.

Loans

Marco Santarelli

MAY 14, 2025

Today's Mortgage Rates – May 14, 2025: Rates Jump by 8 Basis Points After Inflation Data Key Takeaways Current Average Rates : 30-Year Fixed Mortgage : 6.84% ( 8 basis points) 15-Year Fixed Mortgage : 6.06% ( 1 basis point) Texas VA Loan : 5.78% (15-Year Fixed) Refinance Rates : Generally higher than new mortgage rates.

Mortgages

Marco Santarelli

JUNE 17, 2025

Exploring Other Mortgage Options In addition to fixed-rate loans, various mortgage options cater to different financial situations and risk profiles. These loans help low-to-moderate-income buyers secure a home with lower down payment requirements. VA Loans : The 30-year fixed VA loan is at 6.52% , an increase of 0.11%.

Mortgages

Redfin

APRIL 11, 2025

But with renovation costs on the rise, demand for move-in-ready homes is starting to outpace that of fixer-uppers. In the past, many homeowners stayed in their starter homes for around three to seven years building equity. >> See more: How to Calculate Home Equity But starter homes have their limitations.

Marketing

Redfin

JULY 31, 2025

These require a higher credit score and must fall within conforming loan limits. FHA Loan: Designed for buyers with lower credit scores. down, but includes mortgage insurance for the life of the loan. VA Loan: Available to eligible veterans, active-duty service members, and family members. These require just 3.5%

Purchase and sale agreement

Redfin

MARCH 4, 2025

These properties are often priced below market value, making them attractive to buyers looking for a good deal or hoping to build equity quickly. Investors may see foreclosure purchases as an opportunity to renovate and resell for a profit, while homebuyers may find a house they wouldnt otherwise be able to afford.

Pre-approval

Norada Real Estate

JUNE 22, 2025

Refinancing Options in Today’s Market Refinancing remains a viable option for homeowners looking to either lower their monthly payments or tap into their home equity. Fixed-rate loans provide stability in monthly payments, ideal for those looking for predictability over a long term.

Mortgages

Norada Real Estate

JUNE 15, 2025

Accessing Home Equity : Many homeowners choose to refinance to cash out on some equity. This equity can be used for renovations, education, or consolidating debt, which can ultimately create greater financial stability.

Mortgages

Marco Santarelli

JUNE 20, 2025

What's your current interest rate, loan term, and monthly payment? How much equity do you have in your home? Are you looking to lower your monthly payment, shorten your loan term, switch from an adjustable-rate to a fixed-rate mortgage, or tap into your home equity for other financial needs? All these are advantages.

Mortgages

The Mortgage Report

JUNE 24, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

FHA 203k rehab loan

The Close

MAY 20, 2025

Loan terms: 15-30 year fixed rate Time to funding: Within 60 days Minimum credit score: 620 Visit Pennymac Conventional commercial mortgage loans SBA 504 SBA 7(a) SBA microloans Business loans and lines of credit Commercial mortgage loan terms: Loan amount: $250,000-$5 million Interest rates: As low as 4.5%

Loans

Marco Santarelli

JUNE 17, 2025

Exploring Other Mortgage Options In addition to fixed-rate loans, various mortgage options cater to different financial situations and risk profiles. These loans help low-to-moderate-income buyers secure a home with lower down payment requirements. VA Loans : The 30-year fixed VA loan is at 6.52% , an increase of 0.11%.

Mortgages

Realty Biz

JULY 20, 2022

However, once you have 20% equity in the property, you can apply to have this removed. USDA Loans. Their Section 502 Direct Loan Program generally has no down payment requirement to assist low and very low-income borrowers. Money from this loan can be spent on a land purchase, and for connecting utilities.

Loans

HomeLight

JANUARY 30, 2024

Refinancing your house means replacing your existing mortgage with a new loan, typically with different terms and interest rates. This financial move is often aimed at reducing monthly mortgage payments, changing the loan’s duration, or tapping into home equity for large expenses. How does refinancing work?

Mortgages

HomeLight

JANUARY 22, 2024

Matt Megel , managing partner with CAZA Group , which sells homes 85% faster than the average Virginia agent, says that unlocking their home’s equity on a budget is one of the main drivers for homeowners wanting to sell their property “as is.” “One The second reason we come across is speed and convenience.

As-is

HomeLight

JANUARY 4, 2022

The amount you can borrow through a home equity loan will also depend on how much your home appraises for. The appraiser’s client is typically the lender, and the appraised value determines the amount of funds a lender is willing to provide or how much equity a homeowner can borrow from. What can hurt an FHA or VA appraisal?

VA loan

Realty Biz

JANUARY 11, 2023

There are programs where you can put ZERO down if they are using a program like a VA loan or down payment assistance loan. However, some loans only require you to put down 6% on your first home. If you qualify for a USDA loan, you'll find their mortgage rates are usually as low as V.A. FHA 203(k) Renovation Loan.

FHA loan

Marco Santarelli

JANUARY 15, 2025

Cons: Generally higher interest rates than shorter-term loans, translating to more interest paid over time. Accelerated equity building means you own your home sooner. Higher refinance rates might deter some from moving forward with refinancing their existing loans, particularly if they secured lower rates in the past.

VA loan

HomeLight

NOVEMBER 29, 2021

There are three kinds of USDA loans: Guaranteed USDA Loans (loans from approved lenders that are guaranteed by the USDA), Direct USDA Loans , and housing repair loans and grants. Home loan benefits and housing programs offered through the U.S. Source: (Daniel Santiagø / Unsplash).

Earnest money deposit

HomeLight

JUNE 28, 2021

Talk to your agent and a licensed loan officer to explore your options). As for insurable houses, there are a variety of financing options for government-backed loans: VA loans. If you’ve fallen for a home — but it needs some repairs — this loan could be a good option for you. Homebuyers have the upper hand.

Pre-approval

HomeLight

DECEMBER 29, 2021

FHA and VA loans have additional requirements an appraiser must evaluate, most of which relate to safety and soundness. If your house has too many renovations, upgrades, or additions, you may not get a good return on your investment , especially if you haven’t been in the home very long. Improvements made to the property.

Purchase and sale agreement

HomeLight

FEBRUARY 27, 2023

You might also need an appraisal if you want to refinance to get a better interest rate or cash out some equity. FHA and VA loans have additional requirements , most of which relate to safety or soundness. So, what is the cost of a home appraisal in Indiana?

Equity

The Close

OCTOBER 1, 2024

Renovations: Discuss loan options for home renovations and repairs, like the pros and cons of home equity loans. Refinancing: Review the client’s mortgage interest rate against current rates to see if they could refinance to get a better rate and save money.

Mortgages

HomeLight

JANUARY 19, 2023

Flipping houses has never been a more desirable pursuit, no doubt thanks in part to the vast popularity of home renovation shows. Fannie Mae’s HomeStyle Renovation loan : This is a kind of loan offered by certain lenders that will finance the purchase of the property as well as the costs of the renovations — all wrapped up into one mortgage.

House Flipping

HomeLight

MARCH 13, 2023

With the strong Florida sun shortening the lifespan of roofs and air conditioning systems, costly renovations may be necessary. A cash buyer relieves them of the headaches of renovating and listing the property. Many people who contact Reiner have older homes that haven’t been updated. For a rental, not as much,” explains Joseph.

Sales

Marco Santarelli

AUGUST 8, 2024

Veterans and FHA Loan Holders : If you hold a 30-year VA loan at 8% , switching to the current rate of 7.40% can lead to savings on a significant scale, especially if you're eligible for better terms based on improved credit or financial circumstance. You are looking to consolidate higher-interest debts.

Mortgages

C4D Crew

SEPTEMBER 5, 2024

Your options could include: Conventional loans FHA loans VA loans Construction loans If you’re building a prefab, tiny, or manufactured home as an ADU to an existing property, you may qualify for a HELOC loan.

Land

HomeLight

APRIL 11, 2022

A property’s appraised value also indicates how much you’ll pay in real estate taxes — and gives you an idea of how any improvements you make can add to your home’s equity. An appraiser looks at the age of the home, the square footage, the layout, the location, utilities, and various upgrades or renovations. Objective and impartial.

Loans

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

HomeLight

JUNE 30, 2021

Often, repeat buyers are able to put 20% down or more, typically because they are moving the equity gained in their existing home they are selling to the new home they are buying,” explains Cornelius. There are loan programs that allow you to put down much less than that — as little as 3% or even no down payment!

VA loan

Realtor.com

DECEMBER 7, 2022

And if you’re a homeowner, you can expect prices to rise, which gives you more equity in your home.”. Department of Veterans Affairs loans. The VA loans are attractive because borrowers don’t have to put any money down to buy and can often score lower mortgage interest rates as well. were made with FHA loans.

VA loan

HomeLight

AUGUST 27, 2020

A Veteran’s Affair loan (also known as a VA loan ) is a particular type of mortgage available to military veterans, or their surviving spouses to obtain affordable housing. Ninety percent of the loans backed by the VA require no down payments, which can be a great help for those who have visions of being a homeowner.

VA loan

HomeLight

JULY 25, 2022

It’s going to be their first home,” says JoAnn, “They’re OK with some sweat equity, so it’s a good opportunity for them.”. Whether kitchens and baths are updated seems to have the biggest impact on value,” says Tom, “because they’re the most expensive to renovate.”. It’s sweat equity,” says Tom.

As-is