HomeLight

MAY 14, 2025

Fast facts about selling a house as is in Vermont Median sales price in Vermont $430,000 Average days on market (DOM) for Vermont 36 Disclosures Vermont law requires sellers to disclose material facts about the property through the Sellers Property Information Report. Which types of homes are sold as is?

As-is

Marco Santarelli

JUNE 17, 2025

Government Loans Government-backed loans are fantastic options, especially for first-time homebuyers or those with lower credit scores: FHA Loans : The 30-year fixed rate for FHA loans is currently 7.42% , a rise of 0.59% from last week.

Mortgages

Marco Santarelli

MARCH 27, 2025

VA Loans: Continue to offer potentially lower rates for eligible military-affiliated borrowers. The 30-year VA loan rate is at 6.14%. FHA Loans: May provide lower rates than conventional loans, but typically involve mortgage insurance payments for the duration of the loan.

Mortgages

Marco Santarelli

JUNE 17, 2025

Government Loans Government-backed loans are fantastic options, especially for first-time homebuyers or those with lower credit scores: FHA Loans : The 30-year fixed rate for FHA loans is currently 7.42% , a rise of 0.59% from last week.

Mortgages

Marco Santarelli

MARCH 2, 2025

This calculation accounts only for principal and interest, excluding property taxes, homeowners insurance, or any potential PMI required. Similar to the example above, this amount reflects principal and interest only, focusing on the basic mortgage cost. down payment.

Mortgages

Marco Santarelli

MAY 6, 2025

Housing Market Conditions: The overall health of the housing market, including factors like home sales, inventory levels, and demand, can also influence mortgage rates. This includes principal, interest, property taxes, and homeowners insurance. Get quotes from multiple lenders and compare them carefully.

Mortgages

Housing Wire

FEBRUARY 7, 2023

In a paper published by the Urban Institute in October, Ted Tozer, the former head of Ginnie Mae , argued that government changes to assumable loans could benefit the market. There’s also the matter of handling piggyback mortgages since the sales price in most deals will exceed the mortgage’s unpaid balance.

FHA loan

Housing Wire

JUNE 23, 2022

The national median mortgage payment for conventional loans was $1,960, down slightly from April’s $1,967, but significantly higher than a year ago, when it was $1,394 in May 2021. Federal Housing Administration (FHA) loan payments rose to $1,430 in May from the previous month’s $1,374. . The agency expects some 5.76

Mortgages

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

VA loan

Housing Wire

JUNE 26, 2023

The total number of loans in forbearance at the end of Q1 stood at 65,757, coming out to 0.21% of the total loans serviced and 15% of delinquent loans. Sixteen percent of home modifications in Q1 were modifications with principal forbearance, the report said. The serious delinquency rate also decreased to 0.6%

VA loan

Housing Wire

MAY 31, 2023

A partial claim is an interest-free loan from the U.S. The remainder of the late payments are then added to the principal balance and extended for 30 years at a fixed rate. Typically, issuers implement loss mitigation by buying an FHA loan out of a Ginnie Mae pool, modifying the loan, and then selling the loan back into a pool.

FHA loan

Housing Wire

AUGUST 8, 2023

million in the previous quarter, “primarily driven by higher pull through weighted lock volume and gain on sale margin,” the company told investors. Purchase loans comprised 73% of the total. The gain-on-sale margin came in at 2.85% in the second quarter, better than the 2.26% registered in the previous quarter.

Principal

Housing Wire

FEBRUARY 1, 2023

Nunziata explained that offering prospective homebuyers a $10,000 discount off the sales price of a $400,000 home, for example, will save the buyer about $60 a month on his or her mortgage payment. “So, The National Association of Realtors (NAR) reports that existing-home sales dropped 17.8% in 2022, the weakest showing since 2014.

Marketing

Housing Wire

OCTOBER 24, 2022

Unlike Fannie and Freddie, however, Ginnie does not purchase loans. Ginnie guarantees only the principal and interest payments to purchasers of its bonds, which are sold worldwide. As of September, the 30-day delinquency rate for FHA loans stood at 3.77%, up from 3.02% as of the beginning of the year, Recursion data shows.

Principal

Housing Wire

DECEMBER 20, 2021

The money can be used for mortgage payment assistance or mortgage principal or interest rate reductions. Updated Black Knight data shows that, as of the end of October, there was $58 billion in past-due mortgage principal, interest, taxes, and insurance on first-lien mortgages, down from $64.5 Up to the task?

Pre-approval

HomeLight

DECEMBER 8, 2023

” as a strategy to accelerate your home sale. Or, you might want to allow a family member to assume your mortgage so they can inherit a financial advantage through your low-interest-rate home loan. Read on to unlock the possibilities that assumable mortgages could hold for your home sale.

VA loan

HomeLight

OCTOBER 26, 2020

Under rules outlined by the Homeowners Protection Act (PMI Cancellation Act) of 1998 or HPA, you should be able to initiate PMI removal once the principal balance of your mortgage drops to 80% of the original value of your loan. The cost of an appraisal might exceed the PMI you’d need to pay to get to 80% of your principal.

FHA loan

Point2Homes

DECEMBER 15, 2021

As a result, you will need to meet the lender’s requirements when it comes to credit score and credit history, income and debt-to-income ratio to qualify for a loan. Once the lender approves your mortgage assumption application, you will take over the title of property as well as the seller’s remaining principal balance.

Debt-to-income ratio

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. If your down payment is lower than 20%, your loan-to-value ratio for conventional financing will be higher than 80%, and your lender may require you to pay private mortgage insurance.

Finance

HomeLight

AUGUST 31, 2021

We consulted expert Richie Helali, mortgage sales leader at HomeLight Home Loans, to walk you through the basics. PMI can be dropped when you reach 20% equity by paying down your loan principal. FHA loans are government-backed loans geared toward buyers who don’t qualify for conventional loans.

FHA loan

RIS Media

APRIL 29, 2022

The national median mortgage payment for FHA loan applicants was $1,254 in March, up from $1,201 in February and $1,018 in March 2021. The national median mortgage payment for conventional loan applicants was $1,819 in March, up from $1,750 in February and $1,424 in March 2021.

Mortgages

HomeLight

JANUARY 31, 2022

You’ll want to subtract this amount from the total sales price because the down payment is your contribution to purchasing the house, so the lender won’t need to give you a loan to cover the full sales price because you’re covering some of it. Conventional loans can be approved with as little as 3% as a down payment.

Loans

HomeLight

NOVEMBER 10, 2021

In fact, the median sales price for single-family homes in the Miami area in August 2021 was over $500,500 , according to Florida Realtors®. Prices aren’t much different in the Fort Lauderdale area, where the median sales price of single-family homes are trending around $495,000 and condominiums and townhomes are running around $220,000.

Closing costs

Lab Coat Agents

NOVEMBER 20, 2024

If you are the buyer, this means you inherit the loan’s principal balance, interest rate, and repayment terms. When you assume a mortgage, you do not apply for a new loan rather take over the existing owner’s loan. FHA loans often allow for assumptions if both the seller and buyer meet the necessary requirements.

Purchase and sale agreement

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). Second mortgages : These are loans you can take out to subsidize the down payment in addition to taking out a principal mortgage.

Loans

Redfin

SEPTEMBER 4, 2024

There are several reasons you might want to do so like to lower your interest rate, change your loan term, your credit’s improved, debt consolidation, converting an ARM to a fixed-rate mortgage, converting an FHA loan to a conventional loan, or freeing up cash via decreasing your home’s equity.

Mortgages

HomeLight

MAY 27, 2021

FHA loans are backed by the Department of Housing and Urban Development and accept credit scores as low as 500. However, you’ll have to pay for mortgage insurance for at least 11 years, depending on your down payment size — most FHA loans require mortgage insurance for the entire life of the loan.

Loans

Redfin

APRIL 10, 2024

As of March 2024, the median sale price of a starter home in Nashville is $315,000. Some loan types allow for lower down payment amounts. For example, a Federal Housing Administration (FHA) loan requires just 3.5% down, while the lowest possible down payment for a conventional loan is 3%.

FHA loan

Redfin

APRIL 17, 2024

The median sale price of a starter home in Minneapolis is $255,000. As a result, Minneapolis recently saw a sales whiplash – home sales hit a 20-year high in 2021 before falling to a 12-year low in 2023. Some loan types allow for lower down payment amounts. Check out our original report for a detailed nationwide analysis.

FHA loan

Redfin

SEPTEMBER 6, 2024

Check out spots in these markets: Apartments for rent in Las Vegas, NV | Houses for rent in Jacksonville, FL | Homes for sale in Huntsville, AL How to calculate your monthly percentage? This percentage covers the principal, interest, property taxes, and homeowners insurance. Interested in making a move?

Debt-to-income ratio

Redfin

APRIL 12, 2024

The median sale price of a starter home in Jacksonville is $239,500. Some loan types allow for lower down payment amounts. For example, a Federal Housing Administration (FHA) loan requires just 3.5% down, while the lowest possible down payment for a conventional loan is 3%.

FHA loan

Redfin

APRIL 10, 2024

The median sale price of a starter home in Phoenix is $330,000. Some loan types allow for lower down payment amounts. For example, a Federal Housing Administration (FHA) loan requires just 3.5% down, while the lowest possible down payment for a conventional loan is 3%.

FHA loan

Redfin

APRIL 12, 2024

The median sale price of a starter home in Tampa is $255,000. Some loan types allow for lower down payment amounts. For example, a Federal Housing Administration (FHA) loan requires just 3.5% down, while the lowest possible down payment for a conventional loan is 3%. The post Buying Your First Home in Tampa, FL?

FHA loan

Redfin

APRIL 16, 2024

The median sale price of a starter home in Denver is $405,000. Some loan types allow for lower down payment amounts. For example, a Federal Housing Administration (FHA) loan requires just 3.5% down, while the lowest possible down payment for a conventional loan is 3%.

FHA loan

Redfin

MAY 3, 2023

05% – 1% of your home loan. For MIP on an FHA loan, the rate is typically 1.75%. Here’s how payments break out on a $500,000 home with a 30-yr —fixed-rate loan at 5%. Mortgage Insurance % Purchase Price Down payment Base loan Amount Annual PMI MIP Base Payment 30 yr. Piggyback loans are also called 80/10/10 loans.

Mortgages

Redfin

APRIL 11, 2024

The median sale price of a starter home in Las Vegas is $299,100. Some loan types allow for lower down payment amounts. For example, a Federal Housing Administration (FHA) loan requires just 3.5% down, while the lowest possible down payment for a conventional loan is 3%.

FHA loan

Redfin

APRIL 11, 2024

The median sale price of a starter home in Austin is $330,000. Some loan types allow for lower down payment amounts. For example, a Federal Housing Administration (FHA) loan requires just 3.5% down, while the lowest possible down payment for a conventional loan is 3%.

FHA loan