Redfin

MARCH 4, 2025

This ensures that the homes value is equal to or more than the mortgage loan amount. If the appraiser can’t get access to the property, it can delay the home loan process. A higher appraisal value means theres more home equity available, which may give you more favorable loan terms or cash out. This fee is non-refundable.

FHA loan

Housing Wire

JANUARY 17, 2025

Joel Kan, MBA’s vice president and deputy chief economist, highlighted a rise in government loan activity as a key factor behind new-home mortgage growth. ” The Federal Housing Administration (FHA) share of loan activity ramped up to 29.4% the second-highest share in the history of the survey. .”

FHA loan

Redfin

JUNE 9, 2025

Don’t worry if your credit score is toward the lower end of this range, there’s still plenty you can do to improve it and save thousands in interest on your home loan. If you want to improve your credit score , make sure to pay your loans on time, don’t get too close to your credit limit, and decrease your outstanding debt.

Debt-to-income ratio

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

Don’t worry if your credit score is toward the lower end of this range; there’s still plenty you can do to improve it and save thousands in interest on your home loan. If you want to improve your credit score , make sure to pay your loans on time, don’t get too close to your credit limit, and decrease your outstanding debt.

Debt-to-income ratio

HomeLight

MARCH 7, 2025

Be aware of minimum property standards for certain loans When you place your home on the market, its hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home 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

Marco Santarelli

JULY 18, 2025

Average Loan Size: The average loan size can also vary by state, reflecting differences in housing costs. Several key factors play a crucial role in determining where they land: The Bond Market: Mortgage rates often track the 10-year Treasury yield. Higher average credit scores may reflect lower risk and therefore lower rates.

Mortgages

Redfin

JULY 17, 2025

We’ll outline how you can make your case without the typical job history and which loans might be a better fit. 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. Military veteran? Re-entering the workforce?

VA loan

Housing Wire

JUNE 17, 2025

According to HousingWire ’s Mortgage Rates Center , rates for 30-year conforming loans averaged 7% on Tuesday. Even New York City, which has notoriously strict land-use codes that tend to weigh down construction activity, saw a high number of building permits granted in March. According to the CME Group ’s FedWatch tool , 99.8%

Mortgages

Housing Wire

APRIL 28, 2025

With federal oversight shifting under the current administration, some mortgage lenders may feel less pressure to prioritize compliance and loan quality. So even if the CFPB isnt aggressively enforcing today, borrowers can still bring claims, and a future administration could look back years to scrutinize loan activity. Andreano, Jr.,

Investor

Housing Wire

NOVEMBER 12, 2024

Bush administration that would “offer a new 100 percent financing mortgage product to help first-time homebuyers purchase a home by allowing zero downpayment loans and financing of the settlement costs.” Several elements of this plan from 2004 could work in today’s mortgage market environment, they argue.

Mortgages

Housing Wire

JUNE 27, 2025

Department of Housing and Urban Development (HUD), which oversees the FHA, said in a statement that the rescissions are “bold, necessary and long overdue.” Regarding appraisal protocols, HUD said it’s eliminating “antiquated and burdensome steps” to better align the FHA process with broader industry standards.

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

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. In turn, thousands of loan originators could soon be looking for a new lender to hang their license. They weren’t so small that they couldn’t handle us.”

Loans

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 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

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

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. FHA is part of the HUD. Attorney’s Office said.

Loans

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. If you have poor credit, it’s less likely a lender will approve you for a loan. Step 2: Look At Different Loan Options. with an FHA loan. Absolutely not. Here’s the scoop. Buying a home? each month?

Debt-to-income ratio

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

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

MAY 5, 2022

Interest rates on 30-year fixed-rate loans have risen above 5%, the highest level in over a decade, and the most rapid increase in rates in almost 50 years. Purchases using an FHA loan, often an indicator of first-time buyer activity, were down to 7.3%

Marketing

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

Realty Biz

JULY 20, 2022

For some buyers, there might even be a no down payment home loan available. The Federal Housing Administration regulates and backs the FHA Loans program. 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%.

Loans

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. When you actually try to get approval for a loan, you might find you don’t get the amount you anticipate if you have only been prequalified. What is Preapproval for a Mortgage? What is a Preapproval Letter?

Loans

Rent, Buy & Sell

FEBRUARY 7, 2021

Great credit allows people to get the best interest rates on various types of loans. Bad credit is usually the result of late bill payments, bankruptcy, foreclosure and loan defaults. 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.

Loans

HomeLight

DECEMBER 30, 2021

Unless you’re paying cash for your new home, you’ll need a mortgage loan. And if you’re a first-time buyer, you’ll probably have more than a few questions about types of loans, how much down payment you’ll need, and how to qualify for the right loan for you. Are there loans for first-time homebuyers?

Loans

HomeLight

JUNE 21, 2023

Others, such as the California Employee Loan Program, or CELP , are targeted to residents in a particular state. Veterans also can combine a VA loan with this program. Once you sell your home, Landed receives 25% of its investment gain or loss. Where to learn more: Landed’s down payment program one pager. Learn more here.)

Loans

Realtor.com

NOVEMBER 28, 2022

While there are a variety of mortgages aimed at helping homebuyers afford a home—such as FHA loans and VA loans —one type that’s often overlooked are USDA loans, which offer excellent terms to those who qualify, including a 0% down payment and low interest rates. What is a USDA loan? Types of USDA loans.

Loans

HomeLight

NOVEMBER 29, 2021

Grants and loans. By contrast, borrowers may be expected to repay down payment assistance loans, though often, they won’t have to repay any assistance until they either sell the house, refinance, or pay off the mortgage loan. However, if you receive money as a loan, the money will need to be paid back when you sell your home.

Land

HomeLight

OCTOBER 22, 2021

Its purpose is to help give you an idea of how much home you can afford with a home loan. 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. What are the top 11 factors that determine affordability?

Pre-qualification

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%). Because these loans are so accommodating, they’re a good fit for many first-time buyers.

FHA loan

Marco Santarelli

MAY 27, 2024

If you're in the market for a house, that 7% average rate on a 30-year fixed loan might feel like a brick wall blocking your dream of homeownership. An assumable mortgage is a way to take over the existing mortgage on a property instead of getting a brand-new loan. Unfortunately, conventional loans are generally not assumable.

Debt-to-income ratio

HomeLight

JANUARY 31, 2022

Jennifer Wilson , a real estate agent in Albuquerque who sells homes more than 44% quicker than the average agent in her area, says she works with about one buyer each year who uses a Native American-targeted government-sponsored loan program. Department of Housing and Urban Development’s Section 184 loan program. Jennifer Wilson.

FHA loan

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

AUGUST 31, 2020

Knowing whether you qualify and how to qualify as a first-time homebuyer is half the battle, then comes understanding the advantages — like low-money-down or no-money-down loans and grants that often accompany the coveted first-time buyer status. down (FHA). USDA Rural Development loans also allow for 100% financing (or 0% down).

Debt-to-income ratio