Easy Agent Pro

APRIL 30, 2021

Budgeting, credit scores, how to prepare for the buying/selling process, down payment assistance programs, appraisals, inspections and VA/FHA loan information are just a few. In turn, you receive massive market exposure, establish yourself as an expert and achieve brand recognition for your real estate client education efforts.

Due diligence 111

Due diligence FHA loan Land Agents 111

HomeLight

OCTOBER 27, 2020

If you are employed full-time, and your salaried job is your only source of income, you can usually get away with providing your W-2s and a paycheck stub when applying for a loan — you won’t need to provide tax returns. That’s not true of every loan, though. What’s a qualified mortgage loan? . down payment.

Debt-to-income ratio 105

Debt-to-income ratio Pre-approval Pre-qualification Loans 105

HomeLight

JULY 30, 2021

The quality of your house’s exterior can also impact your buyer’s ability to qualify for an FHA loan. “The exterior — if it is a whole bunch of chipped paint — won’t qualify for FHA financing. If your home looks brand new after a good power wash, you’re probably good to go.

FHA loan 122

FHA loan Agents As-is Renovation 122

Realtor.com

JANUARY 11, 2023

While it’s true that brand-new homes often come with a heftier price tag upfront, these properties can actually end up being a good—even great—deal for first-time buyers. Builders can help first-time buyers with better financing. “Simply put, total homeownership costs are more than a monthly mortgage payment alone.”

New Construction 110

New Construction Construction VA loan Finance 110

Marco Santarelli

NOVEMBER 19, 2024

An assumable mortgage is a way to take over the existing mortgage on a property instead of getting a brand-new loan. Here's how it works: The seller's original mortgage terms, including the interest rate, loan balance, and repayment schedule, are transferred to you, the buyer.

Debt-to-income ratio 52

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

CT Homes

FEBRUARY 23, 2021

It’s the most convenient type of house to buy unless you’re going to buy a brand-new home—but then you’d be paying a lot more. Since they financed the fix-and-flip with a hard money loan, they’re on a time crunch to get the property sold, and they’re not willing to drag out the sale with multiple appraisals.

FHA loan 52

FHA loan Renovation Hard money loan Inspection 52

CT Homes

FEBRUARY 23, 2021

It’s the most convenient type of house to buy unless you’re going to buy a brand-new home—but then you’d be paying a lot more. Since they financed the fix-and-flip with a hard money loan, they’re on a time crunch to get the property sold, and they’re not willing to drag out the sale with multiple appraisals.

FHA loan 52

FHA loan Renovation Hard money loan Inspection 52

CT Homes

FEBRUARY 23, 2021

It’s the most convenient type of house to buy unless you’re going to buy a brand-new home—but then you’d be paying a lot more. Since they financed the fix-and-flip with a hard money loan, they’re on a time crunch to get the property sold, and they’re not willing to drag out the sale with multiple appraisals.

FHA loan 52

FHA loan Renovation Hard money loan Inspection 52

GeekEstate

FEBRUARY 14, 2024

I was particularly troubled by Loan Originators exploiting consumer ignorance to impose exorbitant fees on mortgage transactions. At Realfinity, we’re dedicated to making it easy to offer mortgage services – for any brand. This change, previously restricted with FHA loans, marks a pivotal moment.

Purchase and sale agreement 64

Purchase and sale agreement FHA loan Development Loans 64

HomeLight

JANUARY 31, 2022

You’re thinking about buying a house, but you aren’t sure what your mortgage loan (or monthly payment ) will look like. If you need to have a smaller down payment, see if you meet the criteria for any of the following loan programs: FHA loans can be approved with just 3.5% as a down payment.

Loans 98

Loans Mortgages FHA loan Principal 98

HomeLight

OCTOBER 29, 2021

Since loan programs are subject to change and can and do vary by region and qualifying factors (such as credit history, the type of property you’re buying, and so on), it’s important to speak with a professional about these opportunities. down for a FHA loan. A VA loan may allow you to put zero down.

Loans 105

Loans FHA loan Pre-approval Closing costs 105

HomeLight

JULY 25, 2022

But if you do end up working with a financed buyer, be aware that different mortgage types (such as conventional loans or government-backed FHA, USDA, or VA loans) have different minimum property standards. If your house complies with FHA, then it complies with most other lenders’ requirements.

As-is 111

As-is Purchase and sale agreement Inspection Investor 111

HomeLight

SEPTEMBER 8, 2020

If you expect to pay between 3% (the minimum for a down payment) to 6%, then some of your options include an FHA loan, a Fannie Mae HomeReady loan, or a conventional loan. Even a brand new home is likely to have at least one issue in need of resolving. The inspector will inevitably find something wrong.

Inspection 98

Inspection Closing costs Debt-to-income ratio Title 98

HomeLight

JULY 14, 2021

She also suggests that buyers who aren’t able to save a lot seek out loan programs that require smaller down payments, such as FHA loans , which require a minimum of only 3.5% They’re looking for a quick fix when in reality, if they spend 30 more minutes a week on their finances, they could probably learn how to save more.”.

Banks 105

Banks Debt-to-income ratio Loans FHA loan 105

HomeLight

APRIL 29, 2022

Graham will look for items that a seller could do easily to make the property financeable, making it more attractive to investors. “A If we can make it financeable for them, then that gives them more options.”. If your house complies with FHA, then it complies with most other lenders’ requirements. Advises on easy fixes.

As-is 95

As-is Purchase and sale agreement Investor Inspection 95

HomeLight

JULY 25, 2022

If there’s a major repair or component of the home that you know is not brand new or in tip-top shape,” says JoAnn, “simply disclose it and you’re good.”. If the buyers aren’t paying cash, they aren’t even eligible for financing until an old roof is replaced,” says JoAnn. Which types of homes are sold ‘as is’?

As-is 110

As-is Purchase and sale agreement Inspection Closing costs 110

HomeLight

JANUARY 6, 2022

You can opt to get a pre-listing inspection to identify any significant problems that might limit your buyer pool, such as repairs that might prohibit buyers with FHA loans from purchasing. Joseph says if he notices FHA issues, such as paint, he’ll recommend that the seller address these before listing. Paint goes a long way.

Renovation 126

Renovation Investor Inspection Loans 126

HomeLight

APRIL 5, 2023

Loan type: According to the Appraisal Institute, FHA loans have additional requirements that can add time, so the cost of the appraisal can be higher. Depending on the loan program a buyer uses, home appraisers are required to look at a wide range of different aspects of the home. “If

Loans 98

Loans Inspection As-is Agents 98

HomeLight

DECEMBER 23, 2021

Whether you’re selling a mid-century ranch in an established neighborhood, a 1920s arts and crafts bungalow on a tree-lined avenue, or a brand new contemporary white box in a just-built subdivision, a home inspection may very well reveal code violations. This should not create a panic situation.

Inspection 111

Inspection Title Renovation Inspection contingency 111

HomeLight

JUNE 13, 2022

A rent-to-own real estate deal might work nicely for some, but it’s not for everybody ; there are more risks involved than with a financed real estate purchase, which is why most buyers choose to get a mortgage instead of renting-to-own a house. for an FHA loan. Work on your finances. Let’s dive right in!

Purchase and sale agreement 116

Purchase and sale agreement Loans Inspection Closing costs 116

HomeLight

JULY 31, 2021

Still, it’s an attractive option for many brand-new investors because it doesn’t require the upfront cost of buying an investment property. For a primary residence, you’ll get lower rates, and depending on your circumstances, you may be able to put down as little as 3% on a conventional loan or 3.5% with an FHA loan.

Investor 98

Investor Equity Renovation Mortgages 98

HomeLight

FEBRUARY 14, 2022

How much you need to save for a down payment and associated expenses will depend on what type of loan you’re expecting to get. FHA loans often require just 3.5% Sometimes, the easiest and most effective way to save money on groceries is to swap out brand name items for the store brand version. Should you also ….

Loans 116

Loans Banks As-is VA loan 116