Housing Wire

JANUARY 30, 2024

Among the nearly 2,300 homebuyer assistance programs available last year, 804 were designed to assist with the purchase of a manufactured home — up 20% from the previous year, according to the report. This brought the nationwide tally up to 2,294, according to Down Payment Resource’s fourth-quarter Homeownership Program Index (HPI) report.

Closing costs 518

Closing costs Mortgages Investor Loans 518

Housing Wire

JULY 12, 2023

United Wholesale Mortgage (UWM) on Wednesday announced two new home-affordability mortgage products designed to help underserved borrowers become homeowners. UWM, America’s top mortgage lender, is offering Special Purpose Credit Programs (SPCP) for Fannie Mae ‘s HomeReady and Freddie Mac ’s BorrowSmart Geo-Target programs.

Closing costs 370

Closing costs Finance Lending Development 370

Housing Wire

JULY 26, 2023

Early this month, UWM announced home-affordability mortgage products designed to help underserved borrowers become homeowners. UWM started offering Fannie Mae ‘s Special Purpose Credit Program (SPCP) through HomeReady as well as Freddie Mac ’s BorrowSmart Geo-Target program in select metro areas.

Investor 370

Investor Closing costs Loans Mortgages 370

Housing Wire

JANUARY 17, 2024

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. With this latest enhancement, homebuyers aged 62+ can participate in seller concessions for up to 6% of the sales price toward borrower origination fees, other closing costs, prepaid items, and discount points.

Finance 482

Finance Seller concession Loan Officer Loans 482

Housing Wire

JUNE 21, 2024

The Montana Board of Housing is aiming to remind the state’s seniors about a government-administered program that is specifically designed to help older adults access their home’s equity — and it should be very familiar to members of the reverse mortgage industry. This is where the RAM program can come into play.

Mortgages 396

Mortgages Equity Finance Closing costs 396

Housing Wire

NOVEMBER 30, 2023

This is where down payment assistance programs can come into play, offering a lifeline to those aspiring to become homeowners. Down payment assistance programs (DPAs) are initiatives designed to help first-time homebuyers bridge the gap between their savings and the down payment required to purchase a home. Many states in the U.S.

FHA loan 448

FHA loan Loans Equity Mortgages 448

Housing Wire

NOVEMBER 13, 2023

Any person involved in selling a home knows that you cannot increase the price of your home randomly to cover the cost of commissions and other closing costs. The market sets the price of the home, and it cares little for closing costs — or what the homeowner invested in it — when determining the price for which it will sell.

Closing costs 375

Closing costs Equity Agents Technology 375

Housing Wire

FEBRUARY 14, 2024

Jeremy Foster: The traditional home purchase process for homeowners is broken. A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments. Calque provides homeowners with a Purchase Price Guarantee (i.e.,

Backup offer 448

Backup offer Loan Officer Home sale contingency Branding 448

Housing Wire

APRIL 9, 2024

CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers. Another issue is home sellers’ bias against homebuyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price. All these homebuyer charges add up.

FHA loan 476

FHA loan Loans Title Mortgages 476

Housing Wire

JUNE 12, 2024

The program was designed to help military service members successfully transition to civilian status by becoming homeowners and building the wealth they missed out on during the war. The VA loan program — which was established in 1944 through the GI Bill — will celebrate its 80th anniversary on June 22.

VA loan 458

VA loan Loans As-is Mortgages 458

Housing Wire

MAY 14, 2024

CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers. Another issue is home sellers’ bias against buyers using FHA loans, where offers from non-FHA borrowers are often selected even though lower in price. All these homebuyer charges add up.

FHA loan 427

FHA loan Loans Title Mortgages 427

Housing Wire

OCTOBER 20, 2023

Design a photo with the testimonial included, then use the caption to express gratitude for the review. Share design inspiration In addition to cool homes, people on social media really enjoy beautiful interior design. Client testimonials Sharing glowing sentiment from past clients can go a long way to securing future clients.

Agents 434

Agents Lending Staging Renovation 434

Redfin

AUGUST 19, 2024

But before you dive too deep into furniture shopping, picking out new colors for your bathroom, or re-designing your backyard, be sure to budget for closing costs. Closing costs are the fees and expenses associated with finalizing a real estate transaction and transferring ownership of a property from the seller to the buyer.

Closing costs 71

Closing costs Closing Title Inspection 71

Redfin

AUGUST 5, 2024

But before you dive too deep into furniture shopping, picking out new colors for your bathroom, or re-designing your backyard, you’ll want to budget for closing costs. How much are closing costs in South Carolina? Closing costs in South Carolina typically range from 2%-5% of the home’s purchase price.

Closing costs 72

Closing costs Closing Title Inspection 72

Redfin

AUGUST 16, 2024

But before you dive too deep into furniture shopping, picking out new colors for your bathroom, or re-designing your backyard, you’ll want to budget for closing costs. How much are closing costs in Massachusetts? Before securing the keys to your new home, homebuyers will need to pay for closing costs.

Closing costs 69

Closing costs Closing Title Inspection 69

HomeLight

JANUARY 30, 2024

As a homeowner facing life changes or new opportunities, you may be considering the benefits of refinancing your mortgage loan. Homeowners opt for refinancing for various reasons, such as taking advantage of lower interest rates, switching from an adjustable-rate to a fixed-rate loan, or vice versa.

Mortgages 115

Mortgages Closing costs Equity VA loan 115

Redfin

JULY 11, 2024

But before you dive too deep into furniture shopping, picking out new paint colors for your living room, or re-designing your backyard, be sure to budget for closing costs. Closing costs are the taxes and fees associated with the purchase and sale of a home, such as title insurance and lender fees.

Closing costs 62

Closing costs Closing Title Inspection 62

Marco Santarelli

JANUARY 1, 2025

According to Greg McBride, Chief Financial Analyst at Bankrate, expectations for fewer rate cuts in 2025 suggest that homeowners should brace for potentially higher borrowing costs ahead. What Are the Cost Implications? Understanding how today's rates translate into real costs is vital for anyone looking to secure financing.

Mortgages 97

Mortgages Loans Fixed-rate mortgage Closing costs 97

Marco Santarelli

MARCH 4, 2025

Important Note: These are just estimates and don't include property taxes, homeowner's insurance, or any potential HOA fees. Make sure to factor those in to get a complete picture of your total monthly housing costs. Generally, refinance rates can differ from those for new purchases. I can't stress this enough: budget conservatively!

Mortgages 96

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

HomeLight

JUNE 30, 2021

“You can walk in without [taking] any money out of your pocket,” says Richard Helali, mortgage sales leader at HomeLight Home Loans (though note that you may be responsible for some closing costs, depending on your situation). Closing costs usually equal between 2% and 5% of the loan amount. Sellers can pay closing costs.

VA loan 94

VA loan FHA loan Mortgages Closing costs 94

Realtor.com

NOVEMBER 13, 2020

Luckily, they spot a house down the street that’s white with black trim, and they hope the homeowners association will let them update their house with a similar look. While a white countertop would have been fine with the design, Anstead and El Moussa decide to pick something a little riskier.

Design 96

Design Renovation Closing costs Closing 96

Marco Santarelli

DECEMBER 22, 2024

Mortgage refinance rates hold significant importance for homeowners who aim to lower their monthly payments or leverage their home equity for new financial opportunities. When the Fed lowers the federal funds rate, it usually results in lower mortgage rates, making it cheaper for homeowners to obtain loans. Is Refinancing Worth It?

Mortgages 52

Mortgages Equity Fixed-rate mortgage Loans 52

Realtor.com

SEPTEMBER 21, 2020

Department of Agriculture and backed by the agency’s Rural Development Guaranteed Housing Loan Program, these mortgages are designed to help buyers with moderate or low income purchase property outside cities. Direct housing loans are for low-income individuals; guaranteed loans are designed for moderate-income buyers.

Loans 136

Loans Finance Mortgages Design 136

HomeLight

APRIL 10, 2024

Whether you’re a first-time seller or experienced in real estate transactions, our guide is designed to demystify New Jersey transfer taxes, helping you confidently manage your home sale. Additionally, we’ll provide insight into estimating these taxes for your home sale, ensuring you’re fully informed every step of the way.

Closing costs 111

Closing costs Title Closing Agents 111

First Team Real Estate

DECEMBER 14, 2020

Here are the 6 ways we, as a local family-owned brokerage , help our clients save thousands of dollars on their home sale while providing our signature quality service that has secured us a 98% satisfaction rating among Southern California homeowners. Pricing Your Home. Our Strategy. to analyze changes that will affect your home sale.

Brokerage 105

Brokerage Backup offer Staging MLS 105

HomeLight

DECEMBER 5, 2023

Are you a Connecticut homeowner caught in the challenging dance of selling your old home and buying your new one? A bridge loan is your short-term financial bridge, designed to help you purchase that new home while your old one is still on the market. You’re not alone.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

Marco Santarelli

DECEMBER 31, 2024

This option often appeals to homeowners who value predictability in their financial commitments. The Decision to Refinance For homeowners, refinancing can be an appealing option, especially in a changing rate environment. It's crucial to calculate whether the long-term savings are worth the upfront costs.

Mortgages 52

Mortgages Fixed-rate mortgage VA loan Finance 52

Marco Santarelli

DECEMBER 29, 2024

Calculate Potential Savings: Use a refinancing calculator to estimate savings and understand how long it would take to recoup any costs associated with refinancing (closing costs, etc.). Being thorough in your calculations can save you money in the long run. Mortgage FAQ What influences current mortgage rates?

Mortgages 52

Mortgages Fixed-rate mortgage Loans Closing costs 52

The Close

MARCH 11, 2025

When you engage directly with homeowners, you gather firsthand information about the property’s history, maintenance, potential issues, and the real motivation behind the sale. Investors should be aware that homeowners might have an emotional attachment to the property, which can influence their valuation and willingness to negotiate.

Sales 52

Sales Due diligence Investor Finance 52

HomeLight

JULY 29, 2024

Whether you’re a seasoned investor or a homeowner looking to leverage property equity, knowing how hard money loans work can make all the difference. Interest rates are higher, ranging from 8% to 15%, and fees can include origination and closing costs. How does a hard money loan work?

Hard money loan 116

Hard money loan Home sale contingency Loans Finance 116

HomeLight

MARCH 11, 2025

This increase in value is what every homeowner wants giving you more options when it comes to future financial decisions, like selling, refinancing, or taking out a home equity loan. Replace an old mailbox with a modern or smart design. In short, the more your home appreciates, the more equity you have in it.

Equity 69

Equity Home sale contingency Agents Sales 69

HomeLight

NOVEMBER 10, 2021

Add to that the sizable down payment and closing costs, and your head is probably already spinning. Finding the right program is an important first step to becoming a homeowner. If you’re looking for help making your down payment or paying closing costs, then a loan that works more like a grant might offer the solution you need.

Closing costs 116

Closing costs Loans Purchase and sale agreement Earnest money deposit 116

Redfin

FEBRUARY 24, 2025

Deciding between these two options is a major choice for any future homeowner. Whether you prefer the ease of a move-in-ready home or the idea of designing a space from scratch, understanding the costs and benefits of both options will guide you toward the best decision. Is it cheaper to build a house or buy one? it depends.

Debt-to-income ratio 31

Debt-to-income ratio Construction Land Closing costs 31

HomeLight

NOVEMBER 29, 2021

Plus, down payment and closing costs in New Jersey can set you back thousands of dollars. Homeowners taxes. When buying a home in New Jersey, you’ll want to factor in the cost of taxes. This program is available to first-time homebuyers in Burlington County to help with closing costs and down payment assistance.

Land 110

Land Closing costs Purchase and sale agreement Loans 110

Realty Biz

NOVEMBER 2, 2022

It’s easy to bust your budget when it comes to a home’s sale price, but many homeowners are surprised by the expenses they'll need at or after closing. Unexpected Expenses at Closing. Homeowners Association (HOA) Fees. Many condo and townhome communities charge homeowners association fees. New Appliances.

Closing 124

Closing Closing costs Inspection Mortgages 124

HomeLight

NOVEMBER 29, 2023

For many homeowners, the apparent solution is to sell, move to a temporary location, and search for a new house. A bridge loan, also known as bridge financing, bridging loan, interim financing, gap financing, or a swing loan, is essentially a financial lifeline for homeowners like you. How does a bridge loan work in Indiana?

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

HomeLight

NOVEMBER 29, 2023

This short-term financing option is designed to help you bridge the gap, allowing you to buy your new home in Washington state before you’ve sold your current one. It’s a short-term loan that helps you, the homeowner, manage the transition of buying a new home while you’re still selling your current one.

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111