HomeLight

JULY 23, 2025

This requirement applies to sales, exchanges, lease-to-own agreements, and installment land sales. If your house complies with FHA, it complies with most other lenders’ requirements. But if your home needs major repairs, and you receive a cash offer, it’s worth serious consideration.

As-is

AAOA

FEBRUARY 6, 2025

According to Bankrate , if your tiny home is on land that you own and is built on a solid foundation, you are more likely to receive a good return on your investment when you go tosell your home. You might also consider setting up a land trust as an extra measure of security.

Due diligence

Redfin

JULY 18, 2025

Most lenders prefer a DTI that is less than 36%, but many lenders offer exceptions for ratios up to 45% or 50% for an FHA loan. Sometimes living just a few extra minutes out of the city can afford you the opportunity to stretch up to a bigger house with an extra bedroom or some more land.

Debt-to-income ratio

Redfin

JULY 22, 2025

Most lenders prefer a DTI that is less than 36%, but many lenders offer exceptions for ratios up to 45% or 50% for an FHA loan. Sometimes living just a few extra minutes out of the city can afford you the opportunity upgrade to a bigger house with an extra bedroom or some more land. This means that 8.4%

Debt-to-income ratio

HomeLight

MARCH 7, 2025

Prioritize a cash offer if you receive one On occasion, conventional lenders may even finance a fixer-upper property sold as is , and its not impossible to finance a fixer-upper with an FHA loan.

As-is

HomeLight

APRIL 2, 2025

Still, they are often hired by escrow agents and title companies to prepare closing documents due to Hawaiis history of land division and recording procedures and its implications on modern real estate practices. Rich Wu from Josh Jerman’s Team Is a real estate attorney required? Real estate attorneys are not essential for closing.

As-is

Housing Wire

JUNE 17, 2025

Rates for 30-year jumbo loans (those with balances that exceed the standard conforming loan limit of $806,500) averaged 6.71%, down 3 basis points from a week ago, while 30-year rates for Federal Housing Administration (FHA) loans were at 6.66%, unchanged from a week ago.

Mortgages

Marco Santarelli

JULY 18, 2025

Several key factors play a crucial role in determining where they land: The Bond Market: Mortgage rates often track the 10-year Treasury yield. Consider Different Loan Types: Explore options like fixed-rate mortgages, adjustable-rate mortgages (ARMs), and FHA loans to see which one best suits your needs.

Mortgages

Redfin

JUNE 9, 2025

Most lenders prefer a DTI that is less than 36%, but many lenders offer exceptions for ratios up to 45% or 50% for an FHA loan. Sometimes living just a few extra minutes out of the city can afford you the opportunity to stretch up to a bigger house with an extra bedroom or some more land.

Debt-to-income ratio

Redfin

JULY 17, 2025

a job letter can help If you just landed a full-time, salaried position, especially in your field, lenders may accept a signed offer letter in place of a full employment history. Best loan options for limited work history FHA loans These loans are often a go-to for first-time buyers.

VA loan

Housing Wire

APRIL 28, 2025

HW: What other regulatory issues should lenders be watching, regardless of where the CFPB lands? HUD did take a step back in this area with Mortgagee Letter 2025-08 that rescinded guidance issued during the Biden Administration on appraisal review and reconsideration of value with FHA loans.

Investor

Housing Wire

NOVEMBER 12, 2024

While downpayment assistance and expanded incentives for homebuilders were discussed by Harris as a presidential candidate, the campaign of President-elect Donald Trump primarily focused on addressing housing costs by curbing immigration and by prioritizing the sale of federal lands to serve as bases for more new homes.

Mortgages

Housing Wire

JUNE 27, 2025

HUD said the now-rescinded policy would have limited available land for development and increased construction costs for FHA-insured single-family homes — exacerbating the affordable housing shortage for future homebuyers. The policy had been under a temporary one-year waiver since February.

Inspection

HomeLight

MARCH 21, 2025

Youll also be prompted to fill out information about : Structural elements Utilities Land Use Taxes Appliances History of flood No matter what method you choose to sell your home, its required to make these disclosures to the best of your ability. The form will walk you through documenting what you know about the condition of the property.

As-is

Housing Wire

OCTOBER 25, 2023

The share of Federal Housing Administration (FHA) loan activity inched up to 15.2% The share of Department of Veterans Affairs (VA) loan activity was 10.5%, down from 10.7% the week prior while the share of Department of Agriculture (USDA) loan activity decreased to 0.4% from 14.8% for the week ending Oct.

Mortgages

Housing Wire

JANUARY 4, 2023

More than 160 employees from the now-shuttered Finance of America Mortgage have landed at Go Mortgage , a Columbus, Ohio-based lender. With a focus on purchase mortgages through referral sources, Reich aims to close $1 billion in loan origination volume in 2023 through his division alone. We specialize in marketing for purchases.”.

Mortgages

Housing Wire

OCTOBER 19, 2023

By doing a cash-out refi, she landed a $340,000 FHA loan and locked in a 6.9% We are paying off her current mortgage balance of $280,000 while maintaining more than $200,000 in home equity,” said Anderson, who runs the mortgage broker shop Rancho Capital Home Loans. mortgage rate at the end of August. “At

Mortgages

Housing Wire

APRIL 15, 2024

Louis that compares the median home price in Nevada at the time Biden took office ($342,995) to the figure as of January 2024 ($460,000), and illustrated increases in monthly payment obligations for Federal Housing Administration (FHA) borrowers. Utilizing a 3.5% at the market interest rate of 2.82%,” Gov. Lombardo said in his letter.

FHA loan

Housing Wire

JUNE 4, 2021

Here’s a step-by-step guide to help you land the keys to your first home: More for Real Estate Enthusiasts. with an FHA loan. Give up the American dream of having a three-bedroom house with a white picket fence? Absolutely not. While affording to buy a house it’s tough, it’s not impossible. Here’s the scoop. Buying a home?

Debt-to-income ratio

Housing Wire

MAY 5, 2022

Purchases using an FHA loan, often an indicator of first-time buyer activity, were down to 7.3% All in all, a relatively soft landing for a sizzling hot market that sometimes seemed like it would never cool off. compared to the previous year, according to the California Association of Realtors.

Marketing

Housing Wire

MARCH 24, 2021

A recent Redfin study showed that cash is currently king , with buyers increasing their chance of landing that home they want by nearly 300% if they offer all-cash. That’s coupled with a rise in mortgage rates , too. For most people, though, that isn’t an option.

Fixed-rate mortgage

Housing Wire

JANUARY 31, 2023

It also underwrites conventional loans and works as a marketing tool for LOs. With the AI, I’m no longer having to babysit the more conventional type loans — conventional, VA, FHA loans. Barnes spent about six months at AmeriFirst Financial Inc before landing as a branch manager at Mann Mortgage.

Loans

Housing Wire

DECEMBER 20, 2021

In September 2020, he landed a job as a service advisor assistant for an auto repair shop. We reviewed 36 state HAF plans that are publicly available, and we found that so far 21 states have included both groups: residents living in a manufactured home secured by a loan and homeowners with land contracts.

Pre-approval

Housing Wire

JUNE 30, 2023

Indian Land, South Carolina-based lender Movement Mortgage has agreed to pay $23.75 million to settle allegations that it improperly originated and underwrote mortgages insured by the Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) programs.

Loans

Realty Biz

JULY 20, 2022

The Federal Housing Administration regulates and backs the FHA Loans program. These government-insured loans allow home buyers low down payments of just 3.5%. Money from this loan can be spent on a land purchase, and for connecting utilities. Qualification for this loan will be different depending on your location.

Loans

HomeLight

NOVEMBER 29, 2021

Not everyone qualifies, and even if you don’t qualify, these low- and no-down payment loan programs are worth checking out. United States Department of Agriculture (USDA) home loans. Loans come with low interest rates and low or no down payment.

Land

Rent, Buy & Sell

FEBRUARY 7, 2021

The FHA Loan program was created to help low to moderate-income homebuyers, particularly those that do not have enough cash saved for a down payment. These loans are backed by the Federal Housing Administration and only require a minimum credit score of 500. Borrowers must be able to show proof of employment and a steady income.

Loans

HomeLight

OCTOBER 22, 2021

After you enter your numbers, you can even play around a bit with inputting different figures, such as the down payment amount, to see where they land you in terms of monthly payments. How much can I afford with a Federal Housing Authority (FHA) loan? with an FHA loan. Here’s what they look at: 1.

Pre-qualification

Realty Biz

DECEMBER 10, 2020

Getting preapproved will put you in a much better position to land the home you want. How to Get Preapproved For a Loan. If there are problems like cracked windows or a roof that needs repair, there can be problems with some loan types. Let’s review what a preapproved mortgage is and how to apply for one.

Loans

HomeLight

NOVEMBER 17, 2021

FHA stands for the Federal Housing Administration , which is part of the U.S. The FHA backs mortgages to allow lenders to offer a favorable deal to homebuyers. FHA loan advantages include: Low down payments (as low as 3.5%). Speak with your mortgage advisor for more information, or contact VA home loans service.

FHA loan

Marco Santarelli

MAY 27, 2024

Here's Why Assumable Mortgages Could Land You Lower Interest Rates: High Mortgage Rates: With mortgage rates stubbornly hovering above 7% , many potential buyers are finding themselves priced out of the housing market. FHA Loans: These are government-backed mortgages insured by the Federal Housing Administration.

Debt-to-income ratio

McKissock

MAY 6, 2022

The inverse of this percentage is the ratio of land to purchase price. Use several sales, get an overall ratio of land to purchase price, and then apply that ratio to the subject property. Extraction method : Similar to the allocation method, but instead of applying the ratio, you use the derived site values as land comparables.

New Construction

HomeLight

JANUARY 31, 2022

One reason she likes it is because the mortgage insurance premium is lower than for both conventional and FHA loans. It’s important because it can be used anywhere, not just on tribal land. But today, in New Mexico and Arizona, all of the state is considered tribal land, opening up more opportunities for Native American buyers.

FHA loan

HomeLight

DECEMBER 30, 2021

“For the purpose of home loans, a first-time homebuyer is defined as somebody who has not had an ownership interest in a property in the previous three years,” Helali explains. This means that your name can not have been listed on the deed of any house or piece of land for the past three years — whether you’ve lived there or not.

Loans

HomeLight

AUGUST 31, 2020

For example, both conventional and FHA loans offer first-time buyers the opportunity to purchase a home with only 3% down (conventional) or 3.5% down (FHA). Don’t let the name fool you: areas designated for Rural Development loans can be closer to cities than you might expect. down for FHA loans.

Debt-to-income ratio

Realty Biz

AUGUST 21, 2022

There is also the challenge of finding a low cost piece of land if there are not resales available. Your mortgage loan is likely to be much smaller with this type of housing choice. Small houses generally mean far more breathing room when it comes to a house loan. Not every city of town will allow shipping container housing.

VA loan

HomeLight

JUNE 21, 2023

Landed shared-equity down payment program What it is: Founded in 2015, Landed receives support from nonprofits, such as the DRK Foundation and the Chan Zuckerberg Initiative, and partners with more than 90 school districts in the Western United States. Once you sell your home, Landed receives 25% of its investment gain or loss.

Loans