Redfin

JULY 9, 2025

Getting pre-approved for a mortgage is one of the first steps in the homebuying journey. But if you’re ready to start shopping for a home, you might be wondering: how long does it take to get pre-approved for a mortgage? What is mortgage pre-approval? Why it matters: It helps you set a realistic budget.

Pre-approval

BAM Media

MARCH 10, 2025

This move aims to integrate Rockets mortgage lending with Redfins home search and real estate services, making it easier for people to buy and finance homes in one place. The deal is expected to close in the second or third quarter of 2025, pending shareholder and regulatory approvals. billion all-stock deal.

Pre-approval

Marco Santarelli

MAY 27, 2025

Lenders perceive less risk when lending to areas with strong credit histories. Certain states have stricter lending rules or consumer protection laws, which can affect the cost of doing business for lenders. Massachusetts: A hub of education and innovation, Massachusetts has a competitive lending environment. Washington, D.C.:

Mortgages

The Living Room

JUNE 13, 2025

They will: Pre-Approval Process : Help determine how much you can borrow and identify suitable loan programs. The Appraiser: Determining Home Value Appraisers assess the value of the home to ensure the lender is not over-lending. Resource Direction : Guiding you to tax or legal professionals as needed.

Pre-approval

BAM Media

MARCH 31, 2025

This move is set to create a lending and servicing giant that will oversee more than $2.1 Expected closing : Q4 2025, pending regulatory and shareholder approval. Its about scale, efficiency, and leveraging technology to reshape mortgage lending. Rocket Companies (NYSE: RKT) just announced a $9.4 NASDAQ: COOP). billion deal.

Pre-approval

The Mortgage Report

JULY 11, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? Andrea Blais , SVP of real estate lending at SchoolsFirst Federal Credit Union: There are several, promising signs for first-time home buyers trying to find the right property to purchase.

FHA 203k rehab loan

Redfin

JULY 9, 2025

Between setting a budget, getting pre-approved, and closing the deal, getting everything squared away can make all the difference. Get pre-approved for a mortgage Estimated time: 1-2 weeks A mortgage pre-approva l is a lender’s assessment of how much they’re willing to lend you based on your income, assets, debts, and credit history.

Pre-approval

Marco Santarelli

FEBRUARY 7, 2025

While market adjustments are always possible, the key differences in supply and demand, lending practices, and overall market psychology make a repeat scenario highly unlikely. Let's delve into the critical factors that set the 2025 housing market apart from the pre-crash era. months This difference in inventory is crucial.

Pre-approval

Marco Santarelli

MAY 21, 2025

Lending standards are tighter, and we don't have the same level of distressed properties. Get pre-approved so you know exactly what you can afford. We don't have the same risky lending practices or the sheer volume of foreclosures that fueled the last major downturn. This isn't 2008 all over again.

Marketing

BAM Media

APRIL 3, 2025

1: Foreclosures & Bankruptcies Still Below Pre-Pandemic Levels Consumers still worry that were heading for a repeat of the Great Recession of 2008. People who cannot realistically afford a home are far less likely to be approved for a loan. And at 3.53%, its still below pre-pandemic levels. The nested equity is $38 trillion.

Bankruptcy

The Mortgage Report

JUNE 10, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? Jessie Jackson , senior vice president at Cornerstone Home Lending : Always ask for it as an option. How Much Home Can I Afford? Time to make a move?

FHA 203k rehab loan

Redfin

JULY 17, 2025

Get pre-approved: A pre-approval shows the seller you’re financially ready and serious—it’s stronger than a pre-qualification. When reviewing final offers, consider: The buyer’s financial strength by reviewing pre-approval letters, lending documents, or tax returns.

Earnest money deposit

Redfin

MARCH 4, 2025

If the auction accepts financing, make sure you have a pre-approval ready. Short sales A short sale is not the same as a foreclosure or a pre-foreclosure. The homeowners lender must agree to the short sale and approve your offer. Most auctions require all-cash bids, so youll need to have enough funds to make the purchase.

Pre-approval

The Living Room

JULY 14, 2025

. • Gain insights and knowledge on how to obtain a mortgage pre-approval • Lending options that fit your needs • Ways we win for our buyers in the current market and more. Discuss market changes and what this means for you. Address some misunderstandings around media headlines.

Pre-approval

The Mortgage Report

JUNE 9, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? Inventory is creeping up , and while we’re not back to pre-pandemic levels, we’re starting to see more balance between buyers and sellers in some metros. How Much Home Can I Afford?

FHA 203k rehab loan

Marco Santarelli

APRIL 23, 2025

The Fed sets the federal funds rate, which is the rate banks charge each other for overnight lending. Lenders add this “spread” to cover their costs and the risk of lending money. The Federal Reserve (The Fed): This is the central bank of the United States, and it plays a major role.

Mortgages

The Mortgage Report

JUNE 24, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? How Much Home Can I Afford? Time to make a move? Previous to joining The Mortgage Reports, he was a reporter for National Mortgage News.

Equity

Rochester Real Estate

NOVEMBER 5, 2015

A bad score could lower your chances of being approved for a mortgage or result in a higher interest rate on your approved loan. Compare Lending Institutions For Loans and Rates Before you sign any papers, it’s good to compare lending institutions and rates. A copy of your income tax return for the past two years.

Pre-approval

HomeLight

APRIL 4, 2025

Buyers have the cash funds readily available to purchase your property, eliminating the need for lengthy mortgage approvals. Simple Sale connects homeowners directly to the nations largest network of trusted and pre-approved cash buyers, saving you time and providing peace of mind. How does it work?

Pre-approval

Redfin

MARCH 26, 2025

Even if youve been pre-approved , things like a low appraisal, a job loss, or changes in your credit can derail the loan process. If youre self-employed, just changed jobs, or have inconsistent income, lenders may take longer to approve your loanor deny it altogether. You have a strong pre-approval.

Finance

The Mortgage Report

JUNE 24, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? And while annual home price growth has slowed considerably, home prices this spring have held up, and gains have mostly mirrored trends seen pre-pandemic. Time to make a move?

FHA 203k rehab loan

The Close

JULY 28, 2025

Portfolio lenders can be an excellent financing option if you’re looking for a source of funding that you can’t get anywhere else, whether it’s because you can’t get approved, or you’re just flat out looking for uncommon terms. This includes the ability to lend on primary residences, something that few lenders are willing to do.

Pre-qualification

The Mortgage Report

JULY 2, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? Reviewed By: Paul Centopani The Mortgage Reports Editor Paul Centopani is a writer and editor who started covering the lending and housing markets in 2018.

FHA 203k rehab loan

Rochester Real Estate

NOVEMBER 5, 2015

A mortgage lender will check your credit score and financial history to decide how much they can lend to you. A pre-approval letter must be included, and proof of funds can also help in a seller’s market. You don’t want to be denied the loan after being approved.

Purchase and sale agreement

The Mortgage Report

JUNE 13, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? FHA loans offer flexible guidelines and accept various income sources, including disability benefits, making it easier to get approved. You can get approved with as little as 3.5%

FHA loan

Rochester Real Estate

NOVEMBER 5, 2015

In the simplest terms the main difference is that a bank has its own lending criteria and offers loans by using its own funds. 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. In contrast, a mortgage broker is a middleman.

Finance

The Mortgage Report

JUNE 23, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? With retail lending, the company funding the loan also handles the application and any customer interactions. The bottom line: Is wholesale mortgage lending right for you?

FHA 203k rehab loan

Marco Santarelli

JUNE 28, 2025

For example, if consumer confidence is strong and more people are likely to apply for loans, lenders might increase rates to balance demand, thereby controlling the risk of lending. Key strategies include: Getting Pre-Approved : This will provide you with an idea of what you can afford and can set you up for a smoother closing process.

Mortgages

Marco Santarelli

MARCH 22, 2025

This downturn is different for a few crucial reasons: Tighter Lending Standards: Banks have been much more careful about lending since the last crisis. Gone are the days of “no-doc” loans and reckless lending practices. I dont think we're looking at a crash of 2008 proportions. What's a Buyer to Do?

Marketing

Redfin

JULY 8, 2025

Your credit score hasn’t dropped significantly due to missed payments or increased balances, which could impact your loan terms or approval. Why credit still matters even after mortgage pre-approval If you’ve already received a mortgage pre-approval , you might think the hardest part is over, and in many ways, it is.

Debt-to-income ratio

Redfin

JULY 31, 2025

If you’re unsure where to start, check with HUD-approved counseling agencies, non-profit organizations, and local housing authorities to find available courses. Preapproval: A conditional offer from a lender including how much they’re likely to lend you based on your credit, income, and finances.

Purchase and sale agreement

Housing Wire

APRIL 21, 2025

Gigliotti has more than 20 years of experience in the mortgage lending and fintech realms, and he will oversee the company’s revenue, sales and marketing strategies. Mortgage technology platform Prudent AI on Monday announced the promotion of Paul Gigliotti to the role of chief growth officer.

Pre-approval

Marco Santarelli

JULY 11, 2025

Lenders perceive lending in such regions as riskier. Get Pre-Approved: This shows sellers that you’re a serious buyer. Some states may have regulations that increase lender costs. Credit Score Averages: States with lower average credit scores might see slightly higher rates. Credit scores directly impact the mortgage rates.

Mortgages

Lab Coat Agents

MARCH 10, 2025

By leveraging wholesale lending partnerships, Moxie Mortgage can provide lower interest rates and better loan options than traditional retail lenders. Real-Life Savings for Buyers For example, a client who was originally pre-approved by a retail lender for an $800,000 home purchase with 5% down was facing an 8.25% interest rate.

As-is

Marco Santarelli

MARCH 20, 2025

The Fed's actions, such as adjusting the federal funds rate (the rate at which banks lend to each other overnight), can have a ripple effect on mortgage rates. Your Financial Profile: Your individual financial circumstances also play a crucial role in determining the mortgage rate you'll receive.

Mortgages

Marco Santarelli

MAY 4, 2025

The Fed sets the federal funds rate, which is the rate banks charge each other for overnight lending. Lenders add this “spread” to cover their costs and the risk of lending money. The Federal Reserve (The Fed): This is the central bank of the United States, and it plays a major role.

Mortgages

Rochester Real Estate

NOVEMBER 5, 2015

Best Mortgage Option for Self Employed Borrowers Top Mortgage Options For Self Employed Borrowers The world of creative lending identified the opportunity to come up with a program that can help. The more assets you have, the stronger your application will be making it easier to get an approval. Most have no pre-payment penalties.

Mortgages