Remove Closing costs Remove Investor Remove VA loan
article thumbnail

Consolidated Analytics’ Ed Gerding: The pillars of QC in action

Housing Wire

Quality control also ensures that mortgage loans meet investor and regulatory standards, which minimize the risk of defaults and foreclosures adversely impacting local markets. ’ Can you explain its key functionalities and how it helps lenders ensure compliance with investor requirements and enhance their QC processes?

Lending 447
article thumbnail

Today’s Mortgage Rates March 4, 2025: Rates Have Dropped Sharply

Marco Santarelli

Economic Growth (or Lack Thereof): If the economy is slowing down, investors often shift their money into safer investments like mortgage-backed securities. Global economic uncertainty can lead to investors seeking the safety of U.S. This increased demand can then push mortgage rates down. Inflation: Inflation is a big one.

Mortgages 119
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Agents, do you know all of the financing options available to your customers?

Real Trends

Real estate professionals should make their customers aware of extra fees associated with USDA loans including an upfront fee of 1% of the loan amount and an annual fee. VA loans provide flexible, low-interest mortgages for active military members and veterans.

Finance 113
article thumbnail

Selling a House ‘As Is’ in North Carolina

HomeLight

Schaus does business in the area of Fort Bragg, which means that Department of Veterans Affairs home loans ( VA loans ) are used very often by buyers. “As is” sales often attract investors searching for their next flip or buyers seeking a bargain, perhaps on a home in a great location with lots of potential. “I

As-is 112
article thumbnail

Here’s How You Can Become a Homeowner With A Zero-Down-Payment Mortgage

HomeLight

“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.

VA loan 94
article thumbnail

How to Qualify for an Owner-Occupied Home

Realty Biz

However, many real estate investors can rely on something called an “owner-occupied” home to build rental income as well as save on housing costs. The arrangement is most often used by real estate investors who both live in a property and also provide separate spaces to tenants for rent.

VA loan 77
article thumbnail

Assumable Mortgage For Homebuyers: How Does It Work?

Lab Coat Agents

The property must generally be the seller’s primary residence, and the buyer must move into the property within 60 days of closing and live in the property as their primary residence for at least one year. VA loans provide a significant benefit, as they can be assumed by anyone, not just military personnel or veterans.