Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

VA loan 482

VA loan Agents Seller concession FHA loan 482

Housing Wire

APRIL 15, 2024

The GSEs noted that this guidance was not an update to their selling guides but a clarification on the treatment of seller-paid real estate agent fees. Department of Veterans Affairs seeking similar guidance on VA loans, but Sears said that letter remains unanswered.

Agents 532

Agents Seller concession VA loan Finance 532

Redfin

FEBRUARY 18, 2025

Can you roll closing costs into your mortgage? Basically, folding your closing costs into your loan means you’ll need less cash upfront at closing. However, the trade-off is higher monthly payments and more interest paid over the life of the loan. What are closing costs?

Closing costs 52

Closing costs Closing VA loan Seller concession 52

Redfin

FEBRUARY 20, 2025

Closing costs arent just a buyers responsibility – sellers have their own expenses to consider as well. On average, sellers can expect to pay between 6% to 10% of the sale price in closing costs , including agent commissions, transfer taxes, and title fees. What are closing costs for sellers?

Closing costs 56

Closing costs Closing Seller concession Title 56

Redfin

MARCH 18, 2025

It can cover part of your closing costs. If your down payment is already covered, the earnest money can help pay for lender fees, title fees, and other closing expenses. If your earnest money exceeds your total costs due at closing, youll get a refund for the excess amount. You may receive a refund.

Closing 43

Closing Purchase and sale agreement Earnest money deposit Seller concession 43

Realty Biz

JANUARY 19, 2024

Research different types of mortgages available, such as conventional, FHA, or VA loans. Again, local market conditions determine whether you can get any seller concessions. Understanding the aspects of obtaining a mortgage, learning about interest rates, and managing down payments and closing costs are essential.

Debt-to-income ratio 100

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

HomeLight

JUNE 29, 2022

Different loan types have different guidelines and criteria that the appraiser must meet,” says Swecker. For example, the appraiser may have to find three comps for a VA loan, but for an FHA loan six comps may be needed within a half-mile.”. And they’re also concerned about a mortgage lender’s appraisal. City websites.

MLS 111

MLS Seller concession Sales Agents 111