RIS Media

AUGUST 5, 2020

The 2019 – 2020 State of Asia America Report , an annual AREAA publication, provides a snapshot of the state of AAPI homeownership pre-COVID-19. Just 6 percent and 2 percent of Asian loan applications are for FHA loans and VA loans, respectively. Additional closing costs associated with VA loans.

VA loan 95

VA loan FHA loan Pre-qualification Pre-approval 95

Windemere Buying

OCTOBER 18, 2021

Not getting pre-approved Getting pre-approved is a key component of the early stages of the buying process and will help to maximize your chances of getting your offer accepted. Because new credit changes your debt-to-income ratio, lenders will likely want to review your mortgage approval and your risk of non-payment.

Pre-approval 52

Pre-approval Pre-qualification Debt-to-income ratio Inspection 52

HomeLight

AUGUST 16, 2021

First-time homebuyer loans can help make it easier on first-time homebuyers , offering access to special mortgage programs with low down payments. Second mortgages : These are loans you can take out to subsidize the down payment in addition to taking out a principal mortgage. Sound great? Sure it does!

Loans 95

Loans VA loan FHA loan Purchase and sale agreement 95

HomeLight

AUGUST 31, 2020

If you don’t have a lot of cash saved and you are a veteran or looking for a home a bit outside of the city, then you may qualify for no-down payment loans, such as a VA or USDA loan. USDA Rural Development loans also allow for 100% financing (or 0% down). For example, pre-pandemic, an FHA loan could be secured with 3.5%

Debt-to-income ratio 66

Debt-to-income ratio FHA loan Pre-qualification VA loan 66

HomeLight

JUNE 28, 2021

With properties often available below market value and down payment options potentially as low as 3.5% , purchasing a HUD home could be your golden ticket. FHA loans are geared toward individuals in need of lower down payments, or those who may not qualify for conventional loans due to lower credit scores.

Pre-approval 92

Pre-approval Pre-qualification FHA loan Inspection 92

Redfin

APRIL 7, 2023

With its pristine beaches, year-round sunshine, and thriving job market, it’s no wonder that so many people dream of owning a home in America’s Finest City. Get pre-approved for a mortgage My advice to first-time homebuyers is to find a good loan officer and get pre-approved, fully underwritten approval is best.

Pre-approval 59

Pre-approval Agents Pre-qualification Debt-to-income ratio 59

HomeLight

MAY 31, 2021

Before you even start looking, you’ll also need to find a mortgage lender who will determine how much house you can afford , make sure your credit is in good standing, and see what kind of loan programs will work best for you. How much mortgage do I qualify for? Source: (Gonzalo Facello / Unsplash). What about interest rates?

Mortgages 58

Mortgages Debt-to-income ratio Loans Closing costs 58

HomeLight

AUGUST 16, 2021

Are you prepared for the responsibilities of home maintenance, mortgage payments, and everything else that comes along with homeownership? Research your market. There’s much to learn about your local real estate market before diving into making offers. How quickly do homes move off the market? Minimum credit score.

Closing costs 103

Closing costs Purchase and sale agreement Inspection Loans 103

HomeLight

APRIL 11, 2022

When associated with a mortgage , an appraisal is a risk-prevention step for the lender that ensures the house is worth more than the amount of money that the buyer wants to borrow. Some sellers have their homes appraised before listing them on the market to help arrive at a fair asking price.

Loans 100

Loans Pre-approval Agents Inspection 100

HomeLight

MARCH 6, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs to consider as well. Typically, the higher your credit score, the lower your interest rate will be, which saves you money over the life of the loan. “If

Closing 85

Closing Earnest money deposit Sales Title 85

HomeLight

NOVEMBER 16, 2021

Less-than-stellar credit history can create an obstacle to getting a mortgage , making the whole process even more daunting. Through the Home Partners program, prospective rent-to-own homebuyers start by filling out a pre-qualification application. If approved, they move to submit a full application. Source: (Ubiq / Unsplash).

Purchase and sale agreement 80

Purchase and sale agreement Pre-approval Debt-to-income ratio Pre-qualification 80

HomeLight

MARCH 2, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs you might have as well. Typically, the higher your credit score, the lower your interest rate will be, which saves you money over the life of the loan. There are loan programs that allow as little as 3.5%

Closing 89

Closing Earnest money deposit Sales Inspection 89

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Adjustable-rate mortgage (ARM). Acceleration clause. Active contingent.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98