Remove Debt-to-income ratio Remove Finance Remove VA loan
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More homebuyers seek government-backed loans as an affordability lifeline

Housing Wire

Chris Porter, a senior vice president at the firm and the author of the latest outlook, said this correlates with buyers dedicating more of their income to housing and seeking accessible financing options. Department of Veterans Affairs (VA) loans, which made up 10%, according to purchase loan lock data from Optimal Blue.

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How will first-time buyers fare if sellers can’t offer buyer agent compensation?

Housing Wire

But for first-time and other cash-strapped buyers—those who are not relying on the proceeds of a home sale, who may be using a 100% financed VA loan, whose agents may be layering forms of assistance to put together enough cash for closing—knowing in advance about the seller’s contribution to their agent costs may be essential.

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The impact of student loans on buying a home

Housing Wire

Student loan debt may affect your home-buying goals in a few key ways. Debt-to-income ratio (DTI) Lenders calculate your DTI ratio by dividing your total monthly debt payments (including student loans) by your gross monthly income to assess your ability to handle additional debt, like a mortgage.

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Agents fight misconceptions to win deals for military veteran clients

Housing Wire

This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. There remains a belief among listing agents and their clients that the VA appraisal and closing process will be a hassle.

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Opinion: how to close the minority homeownership gap

Housing Wire

Without a strong secondary mortgage market supported by the federal government, lenders would be able to fund far fewer loans, and would likely flock to the most affluent areas in the country, leaving less-affluent markets with fewer options to finance a home. Income and credit information are inputted into the AUS.

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Today’s Mortgage Rates Rise: Insights for January 02, 2025

Marco Santarelli

VA Loans : For military service members and veterans, VA loans offer competitive rates that are often lower than conventional loans, along with favorable terms. Adjustable-Rate Mortgages (ARMs) : These can be attractive at the onset due to lower introductory rates.

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Buying a House While in Chapter 13 Bankruptcy

Realty Biz

However, FHA and VA loans are the only two mortgage loan programs that allow borrowers during Chapter 13 Bankruptcy to be eligible for a home mortgage. FHA and VA guidelines during Chapter 13 Bankruptcy is almost the same. We will cover and discuss qualifying for an FHA and/or VA loan during Chapter 13 Bankruptcy.