Marco Santarelli

MARCH 5, 2025

Housing Inventory: The lack of available homes for sale is also driving up prices. Navigating the Housing Market in 2025: Key Strategies To navigate the housing market successfully in 2025, consider these strategies: Get Pre-Approved: Knowing how much you can afford will save you time and effort.

Mortgages 92

Mortgages Pre-approval FHA loan Loans 92

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?

FHA 203k rehab loan 40

FHA 203k rehab loan VA loan FHA loan Equity 40

HomeLight

OCTOBER 22, 2021

It’s tough to say without a mortgage approval, but it always helps to start with a home affordability calculator. You may be wondering how affordability calculators work if you’re ready to get some numbers down on paper before showing up for a pre-qualification meeting with a lender. with an FHA loan.

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Pre-qualification Pre-approval VA loan FHA loan 111

Redfin

MARCH 4, 2025

Whether youre looking at homes for sale in San Antonio, TX , or in Wilmington DE , there are options for you. There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. Auctions The most common type of foreclosure sale is by an auction.

Pre-approval 35

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Realty Biz

DECEMBER 10, 2020

It is effortless to start looking at homes that you will later find you can’t afford when you try to get approved for a mortgage. 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. Comparing a Mortgage Preapproval to Full Approval.

Loans 144

Loans Mortgages Pre-approval Pre-qualification 144

Rochester Real Estate

NOVEMBER 5, 2015

For example, if you use a bank for your loan you may already have a pre-existing relationship with them and they sometimes offer very competitive interest rates. Have you tried calling a bank on a Saturday night to get a pre-approval letter? (585) 704-7095 Contact Now Search Homes Home Fair Housing S.O.P.

Finance 52

Finance Mortgages VA loan Pre-approval 52

HomeLight

AUGUST 31, 2021

The total 203(k) loan amount can be either 110% of the home’s estimated value after repairs are done, or for the sales price of the home, plus whatever estimated repairs will cost — whichever amount is lower. Another cap on the loan amount involves the regional FHA loan limit. Who is eligible for a 203(k) loan?

Loans 104

Loans FHA loan Pre-approval Finance 104

HomeLight

MARCH 2, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs you might have as well. Typically, the higher your credit score, the lower your interest rate will be, which saves you money over the life of the loan. Loans are between 3%-3.5% Visit this link on the U.S.

Earnest money deposit 118

Earnest money deposit Closing Sales Inspection 118

Realty Biz

MARCH 30, 2023

There are fixed-rate mortgages, adjustable-rate mortgages, hybrid loans, reverse mortgages, and FHA loans that all come with varying interest rates. Documentation and the Pre-Approval Process Pre-approval is a must for anyone looking to purchase a home.

Mortgages 101

Mortgages Pre-approval Pre-qualification Due diligence 101

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 98

Earnest money deposit FHA loan Pre-approval Finance 98

HomeLight

MARCH 6, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs to consider as well. Typically, the higher your credit score, the lower your interest rate will be, which saves you money over the life of the loan. Loans are between 3%-3.5%

Earnest money deposit 110

Earnest money deposit Closing Sales Title 110

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. Buying a HUD home isn’t like traditional home sales. Get pre-qualified with a mortgage lender.

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Pre-approval Pre-qualification FHA loan Inspection 105

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 96

Finance FHA loan Loans Investor 96

Lab Coat Agents

NOVEMBER 20, 2024

The seller’s lender must approve the assumption, guaranteeing the buyer is creditworthy and capable of managing the mortgage payments. This approval process helps protect the lender’s interests while offering flexibility for buyers looking to save on their home purchases. Department of Agriculture (USDA).

Purchase and sale agreement 98

Purchase and sale agreement Mortgages Pre-approval VA loan 98

Norada Real Estate

JUNE 7, 2025

Notably, FHA loans have seen a more significant jump in their 30-year fixed rate. This could disproportionately affect first-time homebuyers or those with lower credit scores who often rely on these types of loans. They also anticipate increases in both existing and new home sales. in 2025 and then dip slightly to 6.1%

Mortgages 52

Mortgages Loans Pre-approval FHA loan 52

Redfin

JUNE 13, 2025

Coordinating the sale of your current home with the purchase of your next requires precise timing. Consider financial tools like bridge loans or home equity loans for your new home’s down payment before your current one sells. In a seller’s market : Demand from buyers exceeds the number of homes for sale.

Debt-to-income ratio 35

Debt-to-income ratio FHA loan Equity Loans 35

HomeLight

JULY 31, 2022

Even before you decided to put your home up for sale, you probably knew making minor repairs and sprucing up your home would increase the chances of attracting the right buyers and getting a great offer. So how can you know what kind of repair issues could potentially derail a sale — before you even have an offer?

Closing 98

Closing FHA loan Purchase and sale agreement Inspection 98

Realty Biz

SEPTEMBER 23, 2023

Understanding the mortgage process, including prequalification and pre-approval, is also essential. How Buyer Agents Get Paid Buyer agents are typically compensated through a commission fee, a percentage of the property's final sale price. It is essential to prepare for the mortgage pre-approval process.

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Purchase and sale agreement Pre-approval Agents Pre-qualification 70

Realty Biz

MARCH 13, 2024

Getting Pre-Approved For A Mortgage In a seller’s market like Maryland, getting pre-approved for a mortgage loan should be one of the first steps for hopeful buyers. Pre-approval provides a significant advantage by showing sellers you are a serious buyer with the financing ready to make a purchase.

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Pre-approval Marketing Inspection Closing costs 91

HomeLight

DECEMBER 27, 2021

You’re ready to list your house for sale. It’s time to prep your home for sale. By following these pre-listing suggestions step by step, you can achieve a smoother and more profitable home-selling experience. Getting your home ready for sale doesn’t have to be complicated or confusing. Don’t be overwhelmed.

Pre-approval 116

Pre-approval Inspection Staging Renovation 116

HomeLight

AUGUST 20, 2021

You think your house sale is all wrapped up — but you’re not done yet. 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. Features and amenities.

FHA loan 105

FHA loan Inspection Pre-approval Loans 105

Marco Santarelli

JUNE 4, 2025

The 30-year fixed FHA loan saw a significant increase, while VA loan rates experienced more modest increases for the 30-year term and decreases for the 15-year term. This highlights the importance of comparing rates across different loan types based on your individual circumstances and eligibility. by the end of the year.

Loans 52

Loans Mortgages VA loan Pre-approval 52

HomeLight

AUGUST 16, 2021

With this expert-backed guide, we’re here to help: Here’s how to apply for a first time home buyers loan in eight manageable steps. Source: (LinkedIn Sales Solutions / Unsplash). This loan backed by the Federal Housing Administration is ideal for those with low savings or a just-OK credit score. Step 1: Make sure you qualify.

Loans 105

Loans VA loan FHA loan Purchase and sale agreement 105

HomeLight

MARCH 6, 2023

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Appraisals are typically needed when applying for a mortgage or refinancing a home loan. What's Your California Home Worth? According to Daniel R.

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Pre-approval Purchase and sale agreement Agents Loans 102

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles What Are The Best Mortgage Options for Self Employed Borrowers? The more assets you have, the stronger your application will be making it easier to get an approval.

Mortgages 52

Mortgages Banks Loans Pre-approval 52

HomeLight

NOVEMBER 9, 2021

How soon will I receive my home sale proceeds? What taxes will I owe on my home sale? Escrow refers to a specific period of time between the offer and the close of sale in a real estate transaction. If you change your mind, you can try to use a contingency or cancelation clause within the contract to back out of the sale.

Purchase and sale agreement 106

Purchase and sale agreement Pre-approval Closing Title 106

HomeLight

MARCH 6, 2023

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. It also can be harder for them to find comparable sales outside of a densely-populated city. Your new home serves as collateral for the mortgage loan.

Pre-approval 87

Pre-approval Banks Loans Inspection 87

HomeLight

MAY 19, 2022

HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition. Median sales price in Maryland. As is” is a type of home sale where it’s understood that no improvements will be made to the property. Sell 'As Is' With a Cash Offer. Skip repairs and close in as few as 10 days. Disclosures.

As-is 119

As-is Inspection Investor Closing costs 119

Redfin

MAY 3, 2023

Be sure to ask your mortgage lender about your available options for mortgage insurance when shopping for a mortgage loan. Get pre-approved and secure your dream home Work with a lender to find the right loan for the home you love. Get pre-approved How does mortgage insurance work?

Mortgages 66

Mortgages FHA loan Debt-to-income ratio Pre-approval 66

Redfin

JULY 3, 2023

The median sale price currently stands at $436,100, showing a 6.2% 1: Tucson, AZ Median home price : $330,000 Tucson, AZ homes for sale Moving to Tucson offers a unique and vibrant experience that blends desert beauty, cultural richness, and a relaxed atmosphere. decrease compared to the previous year.

Pre-approval 59

Pre-approval FHA loan Debt-to-income ratio Loans 59

Marco Santarelli

APRIL 24, 2024

According to a recent report by the National Association of Realtors (NAR) , existing-home median sales prices have risen year-over-year for 129 consecutive months. In a competitive market, a buyer with a pre-approved mortgage is often seen as more attractive by sellers.

Pre-approval 52

Pre-approval Mortgages FHA loan Fixed-rate mortgage 52

HomeLight

OCTOBER 2, 2020

Overlays are lender-specific, so switching lenders may make sense if you’re worried about your loan not being approved. You may find that your lender doesn’t want to offer a loan for the full amount (minus your original down payment). Sellers may be waiting to move out or purchase a new property with the funds from the sale.

Closing 97

Closing Mortgages Loans Closing costs 97

Redfin

MAY 2, 2023

However, the recent increase in mortgage rates has resulted in a slowdown in competition, leading to a 4% drop in the median sale price to $558,300 compared to the previous year. 2: Fort Collins, CO Median home price: $540,000 Fort Collins, CO homes for sale Living in Fort Collins offers a small-town feel with big-city amenities.

Pre-approval 66

Pre-approval FHA loan Loans Finance 66

Redfin

JUNE 29, 2023

Michigan housing market insights The housing market in Michigan continues to show increased median sale prices. As of recent data, the median sale price stands at $252,200, reflecting a 1.6% Additionally, the number of homes available for sale has declined, down 8.3% year-over-year increase. year-over-year.

Pre-approval 63

Pre-approval Purchase and sale agreement FHA loan Closing costs 63

Redfin

AUGUST 29, 2024

Debt-to-income ratio (DTI) Another major factor that a lender will consider when approving your mortgage loan is your debt-to-income ratio (DTI). Jumbo loan: Also known as non-conforming loans, jumbo loans exceed the limits set by conforming loans.

Earnest money deposit 63

Earnest money deposit Purchase and sale agreement Pre-approval Debt-to-income ratio 63

Redfin

FEBRUARY 10, 2021

Later in the year, the worst of the pandemic will hopefully be behind us, and as businesses reopen and daily activities become safer, a new batch of homebuyers and sellers will enter the housing market, making for the strongest year of home sales since 2006. ”. There is a shortage of homes for sale. Get Pre-approved.

Debt-to-income ratio 76

Debt-to-income ratio Pre-approval Inspection Purchase and sale agreement 76

HomeLight

MAY 23, 2022

Josh Muncey , a real estate agent with over $500 million in career sales and 16 years of experience selling in greater Boston, Massachusetts, says, “it’s hard to find a market in the Boston area that’s not feeling red hot lately.”. HomeLight’s Simple Sale platform will provide a full cash offer for homes in almost any condition.

As-is 111

As-is Inspection Sales Investor 111