HomeLight

MARCH 6, 2023

Loans are between 3%-3.5% CalHFA works through approved lenders, and buyers apply for the program through their loan officer. This is a second mortgage on the home, with no interest and no monthly payment, deferred until such time the property is sold, rented, or the title is transferred.

Closing 94

Closing Earnest money deposit Sales Title 94

HomeLight

MARCH 2, 2023

Loans are between 3%-3.5% CalHFA works through approved lenders, and buyers apply for the program through their loan officer. Who customarily chooses the title company can vary by county — but if it is the buyer’s choice, your real estate agent or mortgage lender will likely have a recommendation.

Closing 98

Closing Earnest money deposit Sales Inspection 98

HomeLight

JULY 29, 2022

When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death).

Closing 103

Closing Purchase and sale agreement Title Home sale contingency 103

HomeLight

OCTOBER 29, 2021

Conventional loans closed in an average of 47 days in July 2021, while FHA loans took 51 days, and VA loans required an average of 52 to close. Step 1: Find a title company or lawyer to open an escrow account for you. Step 2: Title review starts. Step 12: Decide whether to buy title insurance.

Closing 87

Closing Inspection Title Due diligence 87

HomeLight

JANUARY 27, 2021

You can usually shop around for the home inspection , title and settlement services, and home insurance. Also, lender fees — which can add up to 3% onto the loan amount — are entirely at the lender’s discretion. This can cause issues if there are errors on your application or if there’s something the loan officer missed.

Closing costs 114

Closing costs Loans Inspection Earnest money deposit 114

HomeLight

JUNE 30, 2022

Even in a competitive housing market, where buyers are waiving inspection contingencies , it’s always a good idea to get an inspection so you know what exactly is wrong with the house before you take ownership. Additionally, you may qualify for a conventional loan with as little as 3% down.

Purchase and sale agreement 81

Purchase and sale agreement Inspection Earnest money deposit Closing costs 81