Housing Wire

JULY 14, 2022

It turns out local investors are also more efficient than banks and government agencies at renovating and reselling homes. This technology-enabled transparency is creating equal opportunity for more buyers, including smaller-volume local investors who can now better compete against the large-volume institutional investors.

Renovation 369

Renovation MLS Investor Loans 369

HomeLight

JUNE 30, 2024

These websites compile data from banks, government agencies, and real estate services to provide comprehensive listings of homes that are being sold due to the owner’s inability to meet mortgage obligations. Each listing includes essential details like photos, descriptions, and contact information for agents or banks handling the sale.

Short sale 115

Short sale Banks Finance Investor 115

Realty Biz

JULY 23, 2023

Recent changes and technological advancements are shaping the lending landscape. Providing documentation such as bank statements, profit and loss statements, and invoices can help demonstrate a steady income stream. Understanding the available options can help navigate the loan process successfully.

Debt-to-income ratio 72

Debt-to-income ratio FHA loan Lending Loans 72

HomeLight

JULY 14, 2021

We’ve investigated the ins and outs of investments to save for a house, to include everything from your garden-variety bank offerings to riskier ventures like the stock market, as well as talking to both investment experts and real estate professionals who are in the know. Investments via your bank or credit union.

Banks 105

Banks Debt-to-income ratio Loans FHA loan 105

Realty Biz

JANUARY 4, 2024

Appraisers may work independently or for appraisal firms, insurance companies, banks, or government agencies. Some Loans Are More Strict It's essential to note that some mortgage programs are more strict on what an appraiser will look at. For example, the appraiser must look at health and safety with an FHA loan.

Construction 100

Construction FHA loan Renovation Loans 100

HomeLight

MARCH 24, 2022

Maria Raymer , a top-selling agent in the Jacksonville, Florida region, cites a similar timeline, recommending that buyers expect “at least a couple of weeks from the time it’s ordered until it’s received back to the bank.”. Different loans can make the response time longer as well, Daniels says. In 2022, Adler says, ??he’d

FHA loan 105

FHA loan Inspection Loans Sales 105

HomeLight

OCTOBER 29, 2021

The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. 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.

Closing 111

Closing Inspection Title Due diligence 111

HomeLight

NOVEMBER 10, 2021

It’s become more common over the last three years because the common use of technology in day-to-day life has changed so drastically.”. Or that FHA loan limits vary widely, too? Buyers who are moving from one area of the country to another could be shocked at the difference in prices and loan limits.

Inspection 98

Inspection Title Agents Pre-approval 98

Lab Coat Agents

MAY 1, 2024

Additional Benefits No Mortgage Insurance Another significant benefit of assuming a VA loan is that there is no mortgage insurance required, even if the buyer puts less than 20% down. This can result in additional monthly savings compared to conventional or FHA loans with small down payments.

VA loan 52

VA loan Loans Debt-to-income ratio FHA loan 52

Redfin

JUNE 14, 2023

Charlotte’s skyline is adorned with impressive skyscrapers, and the city is home to the significant headquarters of renowned companies such as Bank of America, Lowe’s Inc., The city is also a hotbed for technology and research, with the Research Triangle Park (RTP) nearby, attracting top-notch companies and fostering innovation.

Pre-approval 59

Pre-approval Debt-to-income ratio Closing costs Title 59

Housing Wire

SEPTEMBER 20, 2024

The pair discuss the latest happenings for independent mortgage banks (IMBs) during the election season, updates to the Federal Housing Administration (FHA)’s 203(k) loan program — which allows homebuyers to loop repair costs into their mortgages — Basel III regulatory proposal concerns and more. down payment minimums.

FHA loan 426

FHA loan Banks New Construction Finance 426

HomeLight

JANUARY 12, 2022

But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. Conventional loan. 1 and accept an offer on Jan.

Closing 116

Closing Purchase and sale agreement Pre-approval Inspection 116

Housing Wire

FEBRUARY 7, 2022

Independent mortgage banks have been “completely blindsided” by the increase in enforcement activity, said Daniella Casseres, who leads the mortgage regulatory practice group at law firm Mitchell Sander. As some independent mortgage banks have found out, a modern-day redlining allegation does not need to prove intentionality.

Banks 369

Banks Lending Loans Mortgages 369

HomeLight

SEPTEMBER 14, 2020

The law states that homeowners (sellers), banks or lenders, appraisers, landlords, or other real estate professionals cannot legally do any of the following to renters, buyers, or sellers based on a protected class: Refuse to rent or sell a property that’s available. The Fair Housing Act.

Loans 98

Loans VA loan FHA loan Banks 98

Housing Wire

FEBRUARY 25, 2025

The economy is in a negative beat right now with inventories only slightly up year over year, with home sellers beginning to take their listings off the market in growing numbers, Lloyd San, senior vice president of enterprise business development at real estate technology firm Voxtur , said in a statement.

Mortgages 361

Mortgages MLS Loans Equity 361