The Mortgage Report

JULY 15, 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? Start here What’s the difference between a mortgage and a title?

FHA 203k rehab loan

The Close

NOVEMBER 25, 2024

When looking into your finances, consider the following factors: Closing costs: These are generally 2% to 5% of the property’s sales price and include lender fees, title insurance, property insurance, and property taxes. On the other hand, if you’re purchasing a property that needs renovations, consider taking a hard money loan.

Purchase and sale agreement

AAOA

APRIL 14, 2025

Conventional loans often require 20-25% down for apartment buildings. Government-backed loans might have lower requirements. FHA loans, for instance, may allow as little as 3.5-10% Each loan type has pros and cons. These loans also have more relaxed credit score requirements.

FHA loan

Redfin

MARCH 4, 2025

Lenders will typically clear the title and vacate the property before selling it to you. Government-owned properties Some mortgages are government-backed, like VA loans and FHA loans. If a buyer with a government-backed loan goes into foreclosure, the government will take control of the property.

Pre-approval

Redfin

JUNE 27, 2025

Options like FHA loans , VA loans , and USDA loans offer low down payments and more lenient credit guidelines. Here’s what to do instead: Ask your lender about any government-backed loan programs you might qualify for. Many first-time buyers aren’t aware that closing costs are often negotiable.

Pre-approval

Redfin

JULY 23, 2025

FHA loan (government-backed option): Minimum 3.5% FHA loans are fantastic if you have a lower credit score or fewer savings. The trade-off is you’ll pay FHA Mortgage Insurance Premium (MIP), which is usually for the life of the loan in most cases. FHA loans – as low as 3.5%

FHA loan

The Mortgage Report

JULY 21, 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

Redfin

JUNE 27, 2025

For example, a buyer might ask the seller to pay $5,000 toward their closing costs. If agreed, this would be included in the contract and deducted from the seller’s proceeds at closing. What can seller concessions cover?

Seller concession

Redfin

JANUARY 28, 2025

FHA loans These loans are popular for their flexible credit requirements and low down payment options, which make homeownership more accessible. FHA loans are assumable , but the buyer must meet the lenders approval criteria, including a sufficient credit score and stable income.

Loans

The Mortgage Report

JULY 8, 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

JUNE 23, 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

The Mortgage Report

JULY 22, 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

Redfin

AUGUST 4, 2025

There are several loan options available that make this possible: Conventional loans: Many conventional loans now require a minimum down payment of 3% to 5%. FHA loans: Backed by the Federal Housing Administration, FHA loans are a popular choice for first-time buyers and those with lower credit scores.

VA loan

Redfin

JULY 31, 2025

What to do instead: Take time to research different loan types, including FHA loans with low down payment requirements, VA loans for eligible veterans, USDA loans for rural areas, and adjustable-rate mortgages (ARMs) that may offer lower initial rates. FHA Loan: Require only 3.5%

VA loan

Redfin

JULY 31, 2025

Common closing cost fees include: Application fee: Up to $500 Appraisal fees: $300-$500 Title insurance: 0.5% to 1% of the loan amount Escrow fees: 1% of the home sale price Recording fees: $125 Property taxes: Varies Homeowner’s insurance premiums: Varies 6. FHA Loan: Designed for buyers with lower credit scores.

Purchase and sale agreement

Redfin

JULY 30, 2025

It covers a variety of fees like lender and title fees, property taxes, home inspection, and homeowners insurance, to name a few. It’s important to note, however, that your credit score influences your interest rate and loan options. For example, a 10% down payment on a $500,000 home would be $50,000. What are the closing costs?

Pre-approval

Redfin

AUGUST 5, 2025

A borrower using Freddie Mac, Fannie Mae or an FHA loan must use the home as their primary residence or second home. Perform a title search Don’t skip out on completing a title search , even if your parents are the only ones who’ve owned the home. It’s important to consider this tax when settling on a price for the home.

Purchase and sale agreement

HomeLight

MAY 15, 2025

Fast facts about selling a house as is in Plymouth Median sales price in Plymouth $650,000 Average days on market (DOM) for Plymouth 53 Disclosures Plymouth law requires sellers to disclose material facts about the property through the Property Transfer Notification Certification and Title 5 of the Massachusetts Environmental Code.

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

Redfin

AUGUST 5, 2025

Getting to the closing table means simply completing the inspection process and making sure all the title work is in order. Even with bad credit, buyers can still qualify for certain types of loans. For example, you can still qualify for a VA loan or FHA loan with a credit score as low as 580.

Earnest money deposit

Housing Wire

APRIL 8, 2025

The latest repercussion was last week when the Department of Housing and Urban Development (HUD) announced that it would no longer extend Federal Housing Administration (FHA) loans to borrowers who are not permanent residents.

FHA loan

The Mortgage Report

JULY 16, 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? Follow up to confirm the name is off both the mortgage and title.

FHA 203k rehab loan

Housing Wire

MARCH 27, 2025

Gary Acosta, the co-founder and CEO of the National Association of Hispanic Real Estate Professionals ( NAHREP ), said that the policy change which eliminates the non-permanent residentcategory from eligibility for the FHAs Single Family Title I and Title II programs wasn’t a “typical Republican move.”

Loans

Housing Wire

MARCH 26, 2025

As the Trump administration aligns government policies with its priorities on broader issues, the Federal Housing Administration (FHA) on Wednesday published new guidance that directs all FHA loan programs to implement a U.S. citizenship or permanent residency requirement.

Loans

RIS Media

MARCH 27, 2025

citizens to obtain FHA-insured mortgages. The changes, published in Mortgagee Letter 2025-09 and Title I Letter 490, take effect May 25… The post HUD to Require Proof of Citizenship, Permanent Residency to Get FHA-Insured Loans appeared first on RISMedia.

Loans

Housing Wire

APRIL 9, 2024

This is significant, because as noted in CHLA’s Annual IMB Report , “84% of FHA loans were for first-time homebuyers, and FHA’s share of Black and Hispanic borrowers was twice the percentage of all other mortgage loans.” But now a new threat is emerging on this front.

FHA loan

Housing Wire

MAY 14, 2024

This is significant, because as noted in CHLA’s annual IMB Report , “84% of FHA loans were for first-time homebuyers, and FHA’s share of Black and Hispanic borrowers was twice the percentage of all other mortgage loans.” But now a new threat is emerging on this front.

FHA loan

Housing Wire

FEBRUARY 25, 2022

The streamlined SMART portal allows borrowers and servicers to request payoff amounts in real time for FHA partial claims or subordination checklists, which are used to refinance FHA loans.

FHA loan

Housing Wire

MAY 4, 2021

The CFPB pointed out FHA loans in particular as having complications when borrowers attempted making a partial claim or modifying their loan to address forborne payments. The sudden spike in complaints to the CFPB signaled a significant shift in the 2.23

Mortgages

Housing Wire

JUNE 28, 2023

The Federal Housing Administration (FHA) published Mortgagee Letter (ML) 2023-13 this week, which requires the use of a form that allows borrowers to voluntarily state their language preferences and provide information on any housing counseling and homeownership education they received.

FHA loan

Housing Wire

JUNE 21, 2022

Selling a home typically involves nearly 10% in transaction fees between real estate agents , title companies, inspections, and other expenses. of all flipped homes in Q3 2021 went to FHA buyers. FHA loans are insured by the Federal Housing Administration and have less stringent down payment and credit requirements.

Investor

HomeLight

FEBRUARY 12, 2021

You’ve just received the first offer on your home — and it’s backed by an FHA loan. So what do you need to know about FHA loans as a seller? Today, FHA loans represent a fair share of the mortgage market; in 2018, the FHA insured 12.1% FHA loans help make homeownership more accessible.

FHA loan

Housing Wire

JULY 22, 2024

Fifty-five years ago, when I was first licensed, we had a one-page VA loan, a one-page FHA loan, and a one-page listing agreement and two pages for a buying agreement. If you look at the last 50 years of the real estate industry, the rules around residential transactions have become very complex.

Industrial

Housing Wire

MAY 24, 2024

For this kind of agreement to work, it’s advisable to work with an attorney so terms and conditions are clear within a written contract that includes repayment schedules and title agreements. Consider home loan programs There are a number of home loan programs you may qualify for, even if you carry student loan debt.

Debt-to-income ratio

Housing Wire

SEPTEMBER 13, 2024

Partial claims do not, on their own, require new monthly payments, but the amount must be repaid when the home is sold or refinanced, or when the loan is fully paid off.

Loans

Housing Wire

MARCH 5, 2024

Roam acts as a facilitator, synchronizing all stakeholders involved in the assumption process, including real estate, title and escrow agents, attorneys, and the buyer and seller themselves. Raunaq Singh wanted to capitalize on that opportunity and founded Roam , a platform that helps buyers and sellers with the assumption process.

VA loan

HomeLight

SEPTEMBER 1, 2022

Raymer says that for her clients, especially first-time buyers, she suggests an FHA loan, which only requires 3.5% FHA is really one of the best options,” she advises. An FHA loan is insured by the Federal Housing Administration and available from FHA-approved lenders. Order a title search.

Earnest money deposit