The Close

JUNE 9, 2025

Financing hurdles: FHA or VA loans have extra paperwork, income requirements, and reserve rules. You get all the perks of homeownership and a built-in cash flow to help pay down the loan faster. Pro Tip FHA loans allow you to buy up to a 4-unit property with just 3.5% Pro Tip Screen tenants carefully!

VA loan

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 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

Marco Santarelli

MAY 14, 2025

Today's Mortgage Rates – May 14, 2025: Rates Jump by 8 Basis Points After Inflation Data Key Takeaways Current Average Rates : 30-Year Fixed Mortgage : 6.84% ( 8 basis points) 15-Year Fixed Mortgage : 6.06% ( 1 basis point) Texas VA Loan : 5.78% (15-Year Fixed) Refinance Rates : Generally higher than new mortgage rates.

Mortgages

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?

FHA 203k rehab loan

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

Housing Wire

FEBRUARY 25, 2025

That means house hunters dont necessarily need to break the bank for a huge down payment if it makes more financial sense to save some money for things like future home renovations or other investments. Department of Veterans Affairs (VA) loans made up 6.7% Department of Veterans Affairs (VA) loans made up 6.7%

VA loan

Redfin

MARCH 4, 2025

Investors may see foreclosure purchases as an opportunity to renovate and resell for a profit, while homebuyers may find a house they wouldnt otherwise be able to afford. Government-owned properties Some mortgages are government-backed, like VA loans and FHA loans. Can you buy a foreclosure with an FHA loan?

Pre-approval

Norada Real Estate

JUNE 22, 2025

Loan Type : Choosing between conforming loans, FHA loans, VA loans, and others can impact interest rates as well. Summary: As we observe the trends in mortgage rates, June 22, 2025, stands as a pivotal date for those interested in home loans or refinancing options.

Mortgages

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. From there, you can consider different loan options for buying your first home, like: Conventional loans : May require a larger down payment but could have lower long-term costs for buyers with good credit.

Marketing

The Close

MAY 20, 2025

Loan terms: 15-30 year fixed rate Time to funding: Within 60 days Minimum credit score: 620 Visit Pennymac Conventional commercial mortgage loans SBA 504 SBA 7(a) SBA microloans Business loans and lines of credit Commercial mortgage loan terms: Loan amount: $250,000-$5 million Interest rates: As low as 4.5%

Loans

Redfin

JULY 31, 2025

Loan types for first-time homebuyers include: Conventional Loan: Offers flexible down payment options as low as 3% with private mortgage insurance (PMI). These require a higher credit score and must fall within conforming loan limits. FHA Loan: Designed for buyers with lower credit scores. These require just 3.5%

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

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

JUNE 20, 2025

Reasons to Refinance (Even with Higher Rates) Even with rates above 7%, refinancing can still make sense for several reasons: Consolidate Debt: Refinance to take out cash and pay off high-interest debt like credit cards or personal loans. Home Improvements: Use the extra cash to fund renovations that increase your home's value.

Mortgages

HomeLight

MARCH 3, 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

Point2Homes

MAY 21, 2021

Below, we’ll review first-time homebuyer loans and programs that will give you a better deal when you purchase a house. The Federal Housing Administration (FHA) operates a program to help people who may not have the best credit history. VA loans are one of the few $0 down payment loan programs, along with USDA loans.

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%. Their Section 502 Direct Loan Program generally has no down payment requirement to assist low and very low-income borrowers. Down Payment Assistance.

Loans

HomeLight

SEPTEMBER 30, 2020

In general, acquiring a loan for a short sale home is no different than getting a loan for a standard transaction. You can even get an FHA loan for a short sale , but be aware they have guidelines around this type of sale. For an FHA loan, there are minimum property standards. Conditions. Closing costs.

Short sale

Realty Biz

JANUARY 11, 2023

There are programs where you can put ZERO down if they are using a program like a VA loan or down payment assistance loan. However, some loans only require you to put down 6% on your first home. It's common for your loan type to dictate how much of a down payment you're responsible for. down with an FHA loan.

FHA loan

HomeLight

DECEMBER 30, 2021

Because lenders carry less risk, these types of loans are a popular offer for first-time buyers who may not have a large down payment or a strong enough credit score to qualify for a conventional loan. Your adjusted household income can’t exceed 115% of the area’s median income for a USDA home loan. What are conventional loans?

Loans

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.

Pre-approval

Marco Santarelli

FEBRUARY 27, 2025

Maybe saving some of that money for home renovations or other investments makes more sense right now. FHA and VA Loans: Helping Buyers Get In the Door For many homebuyers, especially first-timers or those with moderate incomes, government-backed loans like FHA and VA loans are crucial for making homeownership a reality.

VA loan

HomeLight

NOVEMBER 29, 2021

FHA loans. A Federal Housing Administration (FHA) loan is a government-backed mortgage loan. Lenders are protected with these loans because the FHA will spring into action if the borrower stops making payments on the loan. USDA loans. The minimum down payment is 3.5%.

Earnest money deposit

Norada Real Estate

MAY 3, 2023

Real estate loans are a crucial part of the real estate industry, providing investors with the necessary funds to purchase, renovate, or refinance properties. From conventional loans to government-backed FHA and VA loans, there are various types of real estate loans available in the market.

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. Repair/renovation loans and grants.

Loans

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. These loans tend to allow a lower down payment and credit score when compared to conventional loans. FHA loans are government-insured loans and VA loans are offered by VA-approved lenders.

Finance

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. Talk to your agent and a licensed loan officer to explore your options). FHA loans.

Pre-approval

C4D Crew

MARCH 8, 2021

Borrowers must have a steady income and provide proof of employment for the last two years to qualify for an FHA loan. Currently, those with a credit score of at least 580 can qualify for an FHA loan with as little as 3.5% Like FHA loans, VA loans are provided by private lenders such as banks and mortgage companies.

Loans

Marco Santarelli

JANUARY 15, 2025

Higher refinance rates might deter some from moving forward with refinancing their existing loans, particularly if they secured lower rates in the past. Understanding Mortgage Types Selecting the right mortgage type can significantly impact your financial future.

VA loan

Realtor.com

JANUARY 11, 2023

Since mortgage rates spiked in October to over 7% for a 30-year fixed-rate loan for the first time in 20 years, this could indeed determine if a first-time buyer can qualify for a home or not. Another benefit of working with a builder’s lender is that the lender is usually well-versed in FHA and VA loan options.

New Construction

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%). Talk with your mortgage lender if you think a USDA loan might be right for you.

FHA loan

HomeLight

JULY 31, 2022

While an appraisal is not in the same category as the more in-depth home inspection, different mortgage types (such as conventional loans or government-backed FHA , USDA, or VA loans ) have different minimum property standards. How does a buyer’s loan type affect minimum property standards? Unpermitted work.

Closing

The Close

AUGUST 6, 2024

The buyer is expected to shoulder additional renovations and improvement expenses once they become the official homeowners. Notably, falling below MPR standards could be a deal breaker for some homebuyer programs, such as a Federal Housing Authority (FHA) loan or VA loan.

As-is

HomeLight

JANUARY 22, 2024

“One of the biggest reasons is people have money in equity in their home, but they don’t have much money in regards to savings to be able to renovate the property,” says Megel. “So, This oftentimes will have to do with unique circumstances that don’t really lend themselves to renovating a property for sale.

As-is

HomeLight

AUGUST 20, 2021

FHA loans require a special appraisal. If the buyer is financing the property with an FHA loan, an official FHA loan appraiser must conduct the appraisal, in accordance with HUD’s designated guidelines. The FHA appraiser ensures that the property meets HUD’s minimum property requirements.

FHA loan

HomeLight

DECEMBER 29, 2021

FHA and VA loans have additional requirements an appraiser must evaluate, most of which relate to safety and soundness. If your house has too many renovations, upgrades, or additions, you may not get a good return on your investment , especially if you haven’t been in the home very long. Improvements made to the property.

Purchase and sale agreement