Housing Wire

MARCH 20, 2024

Many buyers struggled with the financial burden of covering closing costs , making it difficult or impossible to also cover the compensation for agent representation. Many are already shouldering the burdens of high debt-to-income ratios, mortgage insurance premiums, and elevated interest rates to secure a foothold in homeownership.

Debt-to-income ratio 497

Debt-to-income ratio Agents Equity Closing costs 497

Marco Santarelli

MAY 27, 2024

This will involve a deep dive into your credit score, employment history, debt-to-income ratio, and any assets you hold. Finally, the lender will want to see that you have enough savings for a down payment (the amount can vary depending on the loan type) and closing costs.

Debt-to-income ratio 96

Debt-to-income ratio Mortgages FHA loan VA loan 96

HomeLight

AUGUST 16, 2021

Brokerage account statements. Lenders will often want to see the past two months of statements from any brokerage accounts you have that are being used to support your asset requirements as part of your mortgage loan. Debts and expenses. Closing costs. Closing Disclosure. Estimated tax and insurance costs.

Loans 105

Loans Mortgages Bankruptcy Purchase and sale agreement 105

Marco Santarelli

NOVEMBER 19, 2024

This will involve a deep dive into your credit score, employment history, debt-to-income ratio, and any assets you hold. Finally, the lender will want to see that you have enough savings for a down payment (the amount can vary depending on the loan type) and closing costs.

Debt-to-income ratio 52

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

HomeLight

JUNE 13, 2022

You need to save up money for a down payment and closing costs (which are calculated as a portion of your purchase price), but home prices just keep going up — so when you finally reach your goal, you realize that the goalposts have moved, and the hill is even taller than you thought. You’re trying to pay off debt.

Purchase and sale agreement 116

Purchase and sale agreement Loans Inspection Closing costs 116

Redfin

SEPTEMBER 14, 2023

Various programs are available for first-time homebuyers in Oregon , including the Oregon Bond Residential Loan Program Cash Advantage , which includes a grant of 3% of the total loan amount that can be used for closing costs assistance.

Pre-approval 66

Pre-approval Debt-to-income ratio Title search Loans 66

Redfin

APRIL 7, 2023

Ensure you have sufficient savings Make sure you have enough savings in your bank account for a down payment and closing cost plus reserves. Each lender may have different qualification requirements, such as credit score, income, and debt-to-income ratio.

Pre-approval 59

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