Calculated Risk Real Estate

APRIL 1, 2024

to their lowest point in four months • Cures from early-stage delinquency pulled back from last month’s high, though late-stage cures rose 14.4% to a six-month peak “Early-payment delinquencies remain elevated” Here is a graph of the early delinquency rates for Conventional, FHA and VA loans.

VA loan 117

VA loan Mortgages Debt-to-income ratio Loans 117

Calculated Risk Real Estate

NOVEMBER 4, 2024

year over year ‒ the fourth consecutive monthly increase • Serious delinquencies (loans 90+ days past due but not in active foreclosure) rose 26K (+5.9%) to their highest level since May 2023, up +4.6% There has been a steady increase in early-stage delinquencies for VA loans. for the month and 5.7%

Mortgages 115

Mortgages Equity Staging VA loan 115

Redfin

FEBRUARY 20, 2025

However, there are some costs associated with selling your home, like repairs, staging, and pre-listing inspections, that may also need to be paid before closing. The lender provides a mortgage payoff statement, including: Principal balance Accrued interest Possible prepayment penalties (less common but can be 1%3% of the loan balance).

Closing costs 56

Closing costs Closing Seller concession Title 56

HomeLight

MAY 14, 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. General Tax Rate: 1.25% (No change) Clean Water Surcharge: Increases from 0.2%

As-is 52

As-is Inspection Principal Finance 52

HomeLight

AUGUST 16, 2021

Second mortgages : These are loans you can take out to subsidize the down payment in addition to taking out a principal mortgage. You can qualify for loans with as little as 3.5% Service members, veterans, and surviving spouses qualify for these loans with 0% down. Step 5: Get preapproved for your loan.

Loans 105

Loans VA loan FHA loan Purchase and sale agreement 105

HomeLight

NOVEMBER 1, 2021

A prepayment penalty is a percentage on the unpaid principal balance at the time of payoff. Typically, prepayment fees kick in when you pay off the mortgage in the first few years you own the home, and for most loan types they can’t go higher than 2%. These can include: Termite inspections for VA loans. Home repairs.

Closing costs 98

Closing costs Closing Purchase and sale agreement Title 98

HomeLight

JUNE 30, 2022

Also during this stage, your lender will pull your credit report after getting your consent. Some loan programs, such as those backed by the FHA , allow for a down payment as small as 3.5% Be prompt with their document requests so the process goes as smoothly (and quickly) as possible.

Purchase and sale agreement 96

Purchase and sale agreement Inspection Earnest money deposit Closing costs 96