HomeLight

OCTOBER 11, 2021

You’re getting ready to start shopping for a house, and you’re pretty certain you want to go with an FHA loan. The Federal Housing Administration backs loans with less strict credit requirements and low down payment options to help families become homeowners. How much house can you afford if you’re getting an FHA loan?

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FHA loan Loans Debt-to-income ratio Closing costs 104

HomeLight

JANUARY 14, 2022

As you run down the list of steps from appraisals to final walkthroughs, you may find yourself focusing on one item in particular: the home inspection. About 95% of purchased homes go through an inspection, and it’s a requirement for many mortgage loans — so it’s certainly an important part of the process. Attic spaces.

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Inspection Inspection contingency Renovation Agents 111

Redfin

FEBRUARY 18, 2025

Specifically, it’s crucial to get a detailed breakdown of closing costs from your lender and/or real estate agent before closing. Home inspection fees: The cost to professionally check the property is up-to-code and in good, habitable condition. Lower down payment: FHA loans require a minimum down payment of 3.5%

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Closing costs Closing VA loan Seller concession 52

HomeLight

MARCH 31, 2021

The home inspections process is often one of the greatest obstacles to closing a swift sale. According to the National Association of Realtors (NAR), home inspection issues were responsible for 11% of delayed contracts and 9% of contract terminations in 2021. Pre-listing home inspections are just like standard inspections.

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Inspection Inspection contingency FHA loan Sales 104

HomeLight

OCTOBER 25, 2021

In Rochester, New York , it’s rare to find a home without a fireplace, according to Tiffany Hilbert , a top agent who specializes in single family homes in the Rochester area , although she concedes that a lot of them have been converted to gas. If you don’t remember the last time you had your fireplace inspected, it’s time to schedule one.

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Inspection FHA loan As-is Land 95

HomeLight

SEPTEMBER 30, 2020

In general, acquiring a loan for a short sale home is no different than getting a loan for a standard transaction. You can even get an FHA loan for a short sale , but be aware they have guidelines around this type of sale. For an FHA loan, there are minimum property standards. Closing costs.

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Short sale Loans Sales FHA loan 138

The Close

NOVEMBER 25, 2024

If you need access to your local MLS, contact a real estate agent in your area to gather data or create a rental market analysis. The right loan type for your investment depends on the property you choose to buy, so you need to be informed about each property type before shopping for homes. Visit Zillow 7.

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Purchase and sale agreement Property Management Hard money loan Investor 105

RIS Media

OCTOBER 29, 2020

The Federal Housing Administration (FHA) backs the FHA loans program. FHA mortgage programs are one of the most popular among first-time homebuyers. There are numerous benefits to FHA loans. If you are a veteran or currently serving, the VA loans program offers great terms. Home Inspections.

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Pre-approval FHA loan Inspection Closing costs 140

The Close

AUGUST 6, 2024

As their agent, you must also know how to protect your clients through the as-is selling process and understand the nuances such as navigating inspections and disclosures. Notably, falling below MPR standards could be a deal breaker for some homebuyer programs, such as a Federal Housing Authority (FHA) loan or VA loan.

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As-is Agents Purchase and sale agreement Inspection 98

Realty Biz

FEBRUARY 28, 2023

HUD also ensures that HUD home buyers adhere to inspection and other qualification requirements, making HUD properties a safer investment for buyers. Thanks to HUD’s FHA loan policies, homeownership is more accessible to many Americans because lenders are given less financial risk when offering loans to buyers.

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FHA loan Closing costs Loans Investor 103

Realty Biz

MARCH 12, 2023

Preparing For an FHA Inspection Before your FHA loan can be approved, your buying home must be inspected and appraised. The FHA wants to ensure the home is worth the money you are willing to pay. The inspection will check the roof is in a good enough condition, the water is drinkable, and many other things.

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FHA loan Inspection Loans Residential 94

Lab Coat Agents

FEBRUARY 7, 2023

How To Choose The Right Realtor There are a few things you should keep in mind when choosing a real estate agent. First, you want to ensure that the agent is experienced and knowledgeable about the area in which you are looking to buy or sell. Second, you want to make sure that the agent is someone you feel comfortable working with.

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FHA loan VA loan Pre-approval Fixed-rate mortgage 96

HomeLight

SEPTEMBER 1, 2022

With the help of top agent David Landau , who works with 68% more single-family homes than the average agent in Newtown, Connecticut , we’ve put together a comprehensive guide that breaks down all the ins and outs of buying a house in the Constitution State. Find a local Connecticut agent. Steps to buying a home in Connecticut.

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Earnest money deposit FHA loan Purchase and sale agreement Inspection 111

HomeLight

MARCH 7, 2025

There’s the “as-is” where the seller knows they have a very marketable piece of property, and they just want a clean contract all the way through closing, says Ryan Hvizda , a top-selling real estate agent in New Hampshire and an expert in the single-family homes market. Its important to find the right match.

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As-is Inspection Finance Investor 52

HomeLight

NOVEMBER 29, 2021

Agents say the ongoing demand for houses is being heavily driven by people fleeing more expensive areas of the country. While most people have heard that 20% down is some kind of standard, many are unaware that it is possible to buy a home with as little as 3% down — or even no money down, depending on the loan requirements.

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Earnest money deposit FHA loan Purchase and sale agreement Inspection 110

HomeLight

MARCH 7, 2025

Homes sold as-is are generally for people who do not have the means or ability to make repairs for a buyer, says Andrew Jacobs , a top New Jersey agent with 36 years of experience. A trusted real estate agent can assist with this process. Your agent should also be willing to go the extra mile on marketing.

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As-is Inspection Finance Investor 52

HomeLight

SEPTEMBER 1, 2022

We researched everything you need to know about buying a house in Florida, and spoke with top agent Maria Raymer , who works with 67% more single family homes than the average agent in Jacksonville, Florida , to get expert insight into the steps required for buying a home in Florida. FHA is really one of the best options,” she advises.

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Earnest money deposit FHA loan Title Purchase and sale agreement 106

HomeLight

MARCH 2, 2023

If you’re shopping for a home in San Diego, a trusted buyer’s agent is a key member of your team. HomeLight analyzes millions of transactions and thousands of reviews to find you a proven, top-performing agent in just under two minutes. Find a Buyer's Agent What will it cost to buy a home in San Diego?

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Closing Earnest money deposit Sales Inspection 118

HomeLight

MARCH 12, 2025

Alex Adabashi , a top Nevada real estate agent with over 15 years of experience, says that the homes most commonly sold as-is are several decades old, by homeowners financially unable to bring these homes up to speed for a market sale. Adabashi says a pre-listing inspection is an absolute yes when selling your home as-is.

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As-is Inspection Finance Investor 52

Redfin

MARCH 4, 2025

That means there’s no home inspection or appraisal. Youll need to coordinate with your real estate agent in order to tour these properties. Government-owned properties Some mortgages are government-backed, like VA loans and FHA loans. Thats why a thorough home inspection is crucial.

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Pre-approval FHA loan Short sale Banks 31

RIS Media

MAY 19, 2021

Loan origination fee, loan discount, appraisal fee, credit report, lender’s inspection fee, mortgage broker fee, tax service fee, flood certification fee, flood monitoring, etc. May vary widely between lenders and are not dependent on the cost of the loan. Here’s how you can explain it to your buyers: 1.

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Closing costs Closing Pre-approval VA loan 116

HomeLight

MARCH 6, 2023

With the help of top Bay Area agent Carl Medford , who has 22 years of experience and specializes in helping first-time homebuyers, we’ve put together a comprehensive guide that breaks down all the ins and outs of buying a house in the Bay Area. Find the FHA loan limit for homes in the county you are looking to purchase here.

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Earnest money deposit Closing Sales Title 110

HomeLight

SEPTEMBER 30, 2020

The mortgage insurance protects lenders in case the buyer defaults on the loan, allowing those lenders to serve more borrowers. Buyers with lower credit scores or lower down payments can sometimes get an FHA loan even if they can’t get approved for a conventional loan. First, find a real estate agent.

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Earnest money deposit FHA loan Pre-approval Finance 98

HomeLight

JULY 31, 2022

It’s important to distinguish that appraisals are not intended to be a home inspection. While an appraisal is not in the same category as the more in-depth home inspection, different mortgage types (such as conventional loans or government-backed FHA , USDA, or VA loans ) have different minimum property standards.

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Closing FHA loan Purchase and sale agreement Inspection 98

HomeLight

SEPTEMBER 1, 2022

With the help of Daniel Real , a top agent in Modesto, California who works with 75% more single family homes than the average Modesto agent , we’ll give you the information you need to succeed as a California homebuyer. Real Estate Agent. Real Estate Agent at PMZ Real Estate. Find a local agent. Daniel Real.

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Earnest money deposit VA loan Loans FHA loan 115

Louisville Homes

OCTOBER 13, 2022

One reason why closing on a home may take some time is the home inspection. So, what is a home inspection, and when and why is it necessary? Home Inspection 101. So what exactly is a home inspection? So what exactly is a home inspection? The home inspection will take several hours to complete.

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Inspection FHA loan Closing Loans 52

HomeLight

MARCH 3, 2025

A seller [that] just doesn’t want to make repairs and wants to sell the house as-is, says Connor Dowd , a top-performing Rhode Island agent with 26 years of experience. Youre looking for an agent who doesnt shy away from listings that need a little TLC and maybe has a strong network of investor connections.

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As-is Purchase and sale agreement Inspection Finance 52

HomeLight

APRIL 14, 2023

Michigan] buyers should expect to pay roughly 2%-4% in closing costs,” says Andrew Hargreaves , a top real estate agent in the Metro Detroit area who works with nearly 70% more single-family homes than the average agent in his market. Find a Buyer's Agent What are closing costs? How can I lower my closing costs in Michigan?

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Closing costs Closing FHA loan Inspection 102

HomeLight

JUNE 28, 2021

HUD’s Office of Housing also includes the Federal Housing Administration (FHA), an agency that insures mortgage loans issued by FHA-approved lenders to protect against losses if a borrower defaults on a loan. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction).

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Pre-approval Pre-qualification FHA loan Inspection 105

HomeLight

AUGUST 31, 2021

“The 203(k) loan is one of the best products in real estate when it’s used as an effective tool,” says Eric Forney , an Indianapolis real estate agent who sells his clients’ listings an average of 41% faster than the typical agent in his market. What’s a 203(k) loan? Who is eligible for a 203(k) loan?

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Loans FHA loan Pre-approval Finance 104

HomeLight

MAY 8, 2024

Review your options to sell ‘as is’ in Louisiana The main options to sell a house ‘as is’ include: List ‘as is’ with the help of a real estate agent A great real estate agent will assist in listing and selling a home “as is.” Jeffrey , a top-selling Louisiana agent. It’s important to find the right match.

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As-is Inspection Finance Residential 111

HomeLight

SEPTEMBER 30, 2020

“You may think you can afford a certain amount, but a lender looks at certain formulas like your debt-to income-ratio, your employment, and your credit history,” says Sherry Ludecker , a top-selling real estate agent in Johnson City, Tennessee , who specializes in helping first-time homebuyers. What’s considered a low credit score?

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FHA loan Pre-approval Debt-to-income ratio Inspection 88

HomeLight

APRIL 5, 2023

Luke Rentz is a top agent on the Rentz Team in Tulsa, Oklahoma, which sells homes 72% quicker than average agents in the market. He recommends that sellers contact an experienced agent in their area before making any repairs. “A It takes just two minutes to match clients with the best agents in your market.

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Inspection Renovation Agents VA loan 133

HomeLight

OCTOBER 29, 2021

You still have to make it through the house closing process, where inspections , credit problems, or paperwork issues can trip you up. We’ve talked to an experienced real estate agent who’s been through hundreds of closings, reviewed closing documents , and broken the house closing process into 17 steps. Step 2: Title review starts.

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Closing Inspection Title Due diligence 111

Realty Biz

MARCH 29, 2021

All VA and FHA loans require that a brand new construction home carry a warranty before the loan will be approved. If you need help understanding what is being offered or making sense of legal terms an experienced buyer’s agent is a great source of help. . appeared first on RealtyBizNews: Real Estate News.

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New Construction Construction FHA loan Branding 107

HomeLight

OCTOBER 5, 2020

According to Melanie Hunt , a top-selling real estate agent in Fort Worth, Texas , who has sold 74% more single-family homes than the average area agent, “Getting a preapproval is one of the most important things a buyer can do to improve their odds of securing a short sale.”

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Short sale Sales Pre-approval Pre-qualification 97

HomeLight

OCTOBER 27, 2021

“If you can get to a home as a preforeclosure before it goes into foreclosure, that’s the best route,” explains Donny Piwowarski , a top-selling agent who works with 84% more single-family homes than the average agent in his region of Tracy , California. “A In preparation for making your offer, talk to your agent about what seems fair.

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Purchase and sale agreement Inspection Homeowner’s association Title 110