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

BAM Media

APRIL 3, 2025

1: Foreclosures & Bankruptcies Still Below Pre-Pandemic Levels Consumers still worry that were heading for a repeat of the Great Recession of 2008. Its also worth noting that the new administrations tariff policy could drive up home values by raising the cost of building materials for new construction and home repairs and renovations. #3:

Bankruptcy

The Mortgage Report

JULY 10, 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?

Equity

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? Check your HELOC options.

FHA 203k rehab loan

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. Getting pre-approved for a mortgage will help you understand what you can afford. Government-backed loans : Low or no down payment loans that can be particularly beneficial for starter home buyers.

Marketing

Redfin

JULY 31, 2025

If you’re unsure where to start, check with HUD-approved counseling agencies, non-profit organizations, and local housing authorities to find available courses. Loan types for first-time homebuyers include: Conventional Loan: Offers flexible down payment options as low as 3% with private mortgage insurance (PMI).

Purchase and sale agreement

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

Housing Wire

JANUARY 31, 2023

Morgan , launched in September 2022, enables the lender to convert pre-approved, property-specific home loans into tradable non-fungible tokens (NFTs). It also underwrites conventional loans and works as a marketing tool for LOs. For an independent mortgage bank, they did 192 construction loans in-house last year.

Loans

HomeLight

SEPTEMBER 30, 2020

“You have to wait for the current owner’s bank to approve the short sale,” says Jessica Sanchez, Director of Underwriting and Loan Management at HomeLight. On average, you can expect a short sale to take between 60 to 90 days before you get the bank’s approval on your offer.

Short sale

RIS Media

OCTOBER 29, 2020

The Federal Housing Administration (FHA) backs the FHA loans program. FHA mortgage programs are one of the most popular among first-time homebuyers. There are numerous benefits to FHA loans. If you are a veteran or currently serving, the VA loans program offers great terms. Preapproval.

Pre-approval

HomeLight

AUGUST 31, 2021

The Section 203(k) program, by contrast, is specifically designed to provide funds to both buy and renovate, upgrade, and repair a home. A 203(k) loan is an FHA-backed rehab loan that lets you borrow money to pay for both the cost of the home and any needed repairs. Who is eligible for a 203(k) loan?

Loans

HomeLight

SEPTEMBER 30, 2020

The mortgage insurance protects lenders in case the buyer defaults on the loan, allowing those lenders to serve more borrowers. Buyers with lower credit scores or lower down payments can sometimes get an FHA loan even if they can’t get approved for a conventional loan. The home is then sold at a discount by HUD.

Earnest money deposit

HomeLight

JUNE 28, 2021

HUD’s Office of Housing also includes the Federal Housing Administration (FHA), an agency that insures mortgage loans issued by FHA-approved lenders to protect against losses if a borrower defaults on a loan. Get pre-qualified with a mortgage lender. Find a HUD-approved agent. No problem!

Pre-approval

Norada Real Estate

JUNE 22, 2022

They usually buy them at REO auctions, renovate them and rent them out to the tenants, before putting the property on the market for sale. Shortage of any of these factors could make you not pre-qualify for a loan. Importance of Loan-to-Value Ratio For Financing Turnkey Rental Properties.

Finance

HomeLight

DECEMBER 27, 2021

By following these pre-listing suggestions step by step, you can achieve a smoother and more profitable home-selling experience. Many renovations provide only 50% (or less) return on investment. Some lenders, such as FHA, have minimum property requirements that must be met for loan approval. Don’t be overwhelmed.

Pre-approval

Marco Santarelli

MAY 30, 2024

Potential for Revitalization: Investor activity can revitalize neighborhoods by renovating older properties and bringing vacant units back into the rental market. Impact on Homeownership Rates: A rise in investor ownership can make it more challenging for aspiring homeowners to compete, especially when bidding against cash-backed investors.

Investor

HomeLight

JULY 31, 2022

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. But 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.

Closing

HomeLight

AUGUST 20, 2021

The appraisal is a crucial step in the closing process; your home must appraise for equal to or more than the sale price for the buyer’s lender to approve their mortgage. FHA loans require a special appraisal. The FHA appraiser ensures that the property meets HUD’s minimum property requirements.

FHA loan

HomeLight

NOVEMBER 9, 2021

Some lenders, such as those providing FHA loans, even require that operational appliances convey with the house , as a requirement for approving the loan. From that, subtract your adjusted cost basis (what you originally paid for the home, plus the cost of any major renovations). What stays with the house?

Purchase and sale agreement

Redfin

MAY 2, 2023

Additionally, it’s important to review your credit report and score, as these can impact your ability to get approved for a mortgage and affect your interest rate. Colorado has several first-time homebuyer programs that can provide aid, such as the CHE Down Payment Assistance Loan , which offers up to $10,000 in down payment assistance.

Pre-approval

HomeLight

MAY 19, 2022

Consider a pre-listing inspection. A pre-listing home inspection is the same as a standard home inspection except that the seller pays for it before listing their home on the market. Not every buyer who has an approval letter will get to the finish line.”. Be aware of minimum property standards for certain loans.

As-is

HomeLight

MAY 23, 2022

It’s worth noting there are many buyers out there looking for a renovation project. It’s worth noting there are many buyers out there looking for a renovation project,” says Muncey. “So, Consider a pre-listing inspection. That being said, a pre-listing inspection isn’t a necessity.

As-is

Redfin

AUGUST 3, 2023

Get pre-approved from a lender Getting pre-approved from a lender is crucial when buying a house in Georgia, as it offers several significant advantages. These laws may restrict alterations, renovations, and demolitions of a historic home to maintain their architectural integrity and historical value.

Purchase and sale agreement

HomeLight

APRIL 11, 2022

An appraiser looks at the age of the home, the square footage, the layout, the location, utilities, and various upgrades or renovations. However, some lenders appraising homes for VA loans or FHA loans will require an appraiser to note particular items on a property, such as chipped or peeling paint, or a lack of handrails on stairways.

Loans

Redfin

JUNE 14, 2023

Get pre-approved from a lender Getting pre-approved from a lender is equally important with several significant benefits. When considering a historic home , it is essential to understand the specific regulations and guidelines that govern modifications, renovations, and exterior appearances. of the purchase price.

Pre-approval

HomeLight

JUNE 30, 2021

Similar to USDA loans, VA loans are offered by most (but not all) traditional lenders. The VA loan program offers several options, including purchase and refinance mortgages, rehab and renovation loans, and the Native American Direct Loan. Some benefits of FHA loans include: Lower credit score requirements.

VA loan

HomeLight

JANUARY 12, 2022

Broken down by type of loan, you can expect the following: . Conventional loan. And in some scenarios, the seller won’t be required to attend in-person if they pre-sign the deed and other documents. So if you list your home on Jan. 1 and accept an offer on Jan. Average time to close. Source: (Max Nüstedt / Unsplash).

Closing