Marco Santarelli

JANUARY 2, 2025

The rising rates may present challenges, but understanding the trend can provide some clarity for those looking to navigate this complex market. Bond Market : The yield on U.S. For example, a 5/1 ARM might start at 6.71% for the first five years and can then adjust annually, depending on market conditions.

Mortgages 98

Mortgages Fixed-rate mortgage Debt-to-income ratio VA loan 98

Housing Wire

AUGUST 7, 2023

Since 2008, the number of private secondary mortgage providers has reduced dramatically, and those that remain in the market generally purchase jumbo loans from more affluent borrowers. Independent mortgage bankers use lines of credit to fund all of their loans and therefore must sell them promptly on the secondary mortgage market.

Closing 370

Closing Fixed-rate mortgage Debt-to-income ratio Lending 370

Marco Santarelli

MARCH 4, 2025

However, mortgage rates have dropped nearly 30 basis points from their February average and plunged last week amid market fears of an economic slowdown. It signifies a potentially more favorable environment for entering the housing market or adjusting your current mortgage terms. markets, affecting rates. mortgage rates.

Mortgages 119

Mortgages Debt-to-income ratio VA loan FHA loan 119

Realty Biz

APRIL 5, 2022

One of the frequently asked questions during today’s booming housing market is can I qualify for a mortgage during Chapter 13 Bankruptcy. Chapter 13 Bankruptcy is a court-approved debt repayment plan where their debts are restructured over a period of three to five years. FHA Versus VA Loans During Chapter 13 Bankruptcy.

Bankruptcy 120

Bankruptcy Debt-to-income ratio VA loan FHA loan 120

Marco Santarelli

FEBRUARY 26, 2025

And look at those VA loan rates if you're eligible for a VA loan, those are some seriously attractive numbers, especially the 15-year VA at just 5.30%. That's why the advice from many in the know is to be ready to act if you're in the market to buy or refinance. Don't try to time the market perfectly.

Mortgages 93

Mortgages VA loan Debt-to-income ratio Fixed-rate mortgage 93

Lab Coat Agents

MAY 1, 2024

VA loan assumptions offer a fantastic opportunity for your clients to save thousands on their mortgage in a rising interest rate environment. What is a VA Loan Assumption? What is a VA Loan Assumption? This can provide significant savings compared to taking out a new loan at prevailing market rates.

VA loan 52

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

Marco Santarelli

DECEMBER 22, 2024

Understanding these rates is important for making informed decisions in the housing market, whether you're buying a home or refinancing your current mortgage. Economic Conditions: Factors such as the overall health of the economy, inflation rates, and the employment market all play crucial roles. Are mortgage rates expected to drop?

Mortgages 52

Mortgages VA loan Fixed-rate mortgage Debt-to-income ratio 52

Marco Santarelli

MAY 27, 2024

If you're in the market for a house, that 7% average rate on a 30-year fixed loan might feel like a brick wall blocking your dream of homeownership. An assumable mortgage is a way to take over the existing mortgage on a property instead of getting a brand-new loan. Soaring mortgage rates in 2024?

Debt-to-income ratio 96

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

Calculated Risk Real Estate

APRIL 1, 2024

seasonally adjusted annualized rate There are many headwinds facing the would-be seller in today’s market, making their existing mortgage payment particularly attractive in comparison. Conventional loans continue to perform well, but there is concern about FHA and VA loans.

VA loan 117

VA loan Mortgages Debt-to-income ratio Loans 117

Rent, Buy & Sell

FEBRUARY 7, 2021

Instead, they guarantee the loan by approving and insuring banks and lending institutions. With FHA backing, these loans are more attractive to banks as they come with less risk than a traditional mortgage. VA loans are for veterans, service members, military spouses and other people associated with the military.

Loans 98

Loans VA loan FHA loan Hard money loan 98

HomeLight

JULY 7, 2022

If you can’t afford a 20% down payment on your home and apply for a conventional loan, you’ll have to have private mortgage insurance (PMI) to cover the costs, or just plain mortgage insurance for a government loan (FHA loans or VA loans , for example). The real estate market. Where you want to buy.

Debt-to-income ratio 122

Debt-to-income ratio Closing costs FHA loan Loans 122

HomeLight

JUNE 22, 2023

Save thousands when buying a home HomeLight recommended real estate agents are top-tier negotiators who understand the market data that helps you save as much as possible when buying your dream home. Debt-to-income ratio After looking at how much money is flowing into your household, you’ll want to write down your monthly debts.

Debt-to-income ratio 98

Debt-to-income ratio Mortgages FHA loan Loans 98

HomeLight

AUGUST 31, 2020

If you don’t have a lot of cash saved and you are a veteran or looking for a home a bit outside of the city, then you may qualify for no-down payment loans, such as a VA or USDA loan. For conventional loans with a 3% down payment, you’ll likely need a 620 FICO score. For an FHA loan with a 3.5%

Debt-to-income ratio 93

Debt-to-income ratio FHA loan Pre-qualification VA loan 93

Marco Santarelli

MARCH 20, 2025

As of March 20, 2025, the mortgage market is showing a slight upward tick , with rates inching up for the second consecutive week. VA Loans – A Benefit for Veterans: Backed by the Department of Veterans Affairs, VA loans offer significant advantages to eligible veterans, active-duty service members, and surviving spouses.

Mortgages 52

Mortgages Debt-to-income ratio Principal VA loan 52

HomeLight

MARCH 9, 2023

You’ll want to reach out to several different lenders, and that’s where it’s beneficial to have a Realtor® that is super knowledgeable about what programs are out there,” explains Amber Carlton , a Fargo, North Dakota agent who works with 71% more single-family homes than the average agent in her market.

Loans 96

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

Realty Biz

SEPTEMBER 30, 2023

Government-backed programs: Government-backed mortgage programs, such as FHA loans, VA loans, and USDA loans, often have more relaxed credit score requirements. Consider alternative mortgage options: If traditional mortgages don't work out, explore alternative options such as FHA loans, VA loans, or USDA loans.

Finance 96

Finance Debt-to-income ratio FHA loan Mortgages 96

HomeLight

MAY 26, 2021

Then a Veterans Affairs loan is probably going to be your best bet. The VA either guarantees the loan or lends directly so that you don’t have to put anything down on a house. of the loan’s amount. Another big plus of a VA loan is that you don’t have to pay mortgage insurance.

Debt-to-income ratio 111

Debt-to-income ratio Closing costs VA loan Loans 111

Marco Santarelli

JANUARY 6, 2025

Today's Mortgage Rates: Understanding the Changes on January 6, 2025 Key Takeaways Today's average mortgage rates: 30-year fixed: 6.67% 15-year fixed: 6.00% 5/1 ARM: 6.68% VA loans: range from 5.63% to 6.08%. Lenders also consider debt-to-income ratios and down payment amounts when setting rates.

Mortgages 97

Mortgages Debt-to-income ratio Fixed-rate mortgage VA loan 97

HomeLight

OCTOBER 15, 2020

Fannie and Freddie set requirements that all buyers have to meet to get a conforming loan. Maximum debt-to-income ratio of 43% (this is known as DTI, and it looks at how much debt you pay each month versus how much income you bring in). VA loans require a minimum credit score of 620 and a maximum DTI of 41%.

Loans 98

Loans Debt-to-income ratio FHA loan VA loan 98

Realty Biz

DECEMBER 12, 2022

Although making a smaller down payment can enable access to the homeowner market earlier, it may cost more in the long run. Stay Comfortably Within Your Debt-to-Income Ratio. One of the most important things lenders look at when granting mortgages is a borrower's debt-to-income ratio or DTI.

Debt-to-income ratio 87

Debt-to-income ratio Mortgages Pre-approval Pre-qualification 87

Realty Biz

MARCH 28, 2023

This is because you can purchase a property with up to two units, allowing you to turn the other unit into an income property. VA Loans If you’re a military member or a military veteran, you can avail yourself of a VA loan, backed by the US Department of Veterans Affairs.

VA loan 77

VA loan FHA loan Debt-to-income ratio Finance 77

Realty Biz

JUNE 15, 2022

Department of Veterans Affairs (VA) loan. Check with your loan officer to see if you qualify for any first-time buyer programs. Student Loan Debt Must Be Paid off. The notion that you must be free and clear of student loans in order to qualify for a mortgage simply isn’t the case.

Debt-to-income ratio 98

Debt-to-income ratio VA loan Fixed-rate mortgage Loans 98

HomeLight

NOVEMBER 16, 2021

This step includes a credit and background check, income verification documents, and requires an application fee. Buyers will need to meet Home Partners’ minimum FICO requirement, which varies by market, and a maximum debt-to-income ratio (DTI) of 45% to be approved. Source: (Ubiq / Unsplash). Dream America.

Purchase and sale agreement 104

Purchase and sale agreement Pre-approval Debt-to-income ratio Pre-qualification 104

HomeLight

JUNE 21, 2023

Save thousands when buying a home HomeLight recommended real estate agents are top-tier negotiators who understand the market data that helps you save as much as possible when buying your dream home. Veterans also can combine a VA loan with this program. Learn More 4. Retired teachers can apply.

Loans 98

Loans Debt-to-income ratio FHA loan Closing costs 98

Redfin

SEPTEMBER 6, 2024

Check out spots in these markets: Apartments for rent in Las Vegas, NV | Houses for rent in Jacksonville, FL | Homes for sale in Huntsville, AL How to calculate your monthly percentage? 30% Rule In certain regions or housing markets, the 30% rule is commonly cited. Interested in making a move?

Debt-to-income ratio 69

Debt-to-income ratio Mortgages VA loan Principal 69

Realty Biz

JANUARY 19, 2024

By following these steps, you can easily navigate the real estate market. Research different types of mortgages available, such as conventional, FHA, or VA loans. Many first-time home buyers have low credit scores and need help with high debt-to-income ratios.

Debt-to-income ratio 100

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

Realty Biz

JULY 23, 2023

These factors include the length of self-employment, consistency of income, and documentation of tax returns. Lenders may require a minimum of two years of self-employed tax returns to establish a track record of income stability. Understanding the available options can help navigate the loan process successfully.

Debt-to-income ratio 72

Debt-to-income ratio FHA loan Lending Loans 72

Marco Santarelli

NOVEMBER 19, 2024

If you're in the market for a house, that 7% average rate on a 30-year fixed loan might feel like a brick wall blocking your dream of homeownership. An assumable mortgage is a way to take over the existing mortgage on a property instead of getting a brand-new loan. Soaring mortgage rates in 2024?

Debt-to-income ratio 52

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

Redfin

MAY 11, 2022

With a plan for regular on-time payments on your debts, you will improve your credit history and score with every payment. . Pay down your overall debt to increase your debt-to-income ratio: Your available credit is also significant in your credit score. No down payment. No private mortgage insurance (PMI).

Pre-approval 66

Pre-approval Debt-to-income ratio VA loan FHA loan 66

HomeLight

FEBRUARY 12, 2021

Department of Housing and Urban Development (HUD) created the Federal Housing Administration (FHA) loan program in 1934 to help more Americans afford houses with government insured home loans that are easier to qualify for than most conventional loans. USDA and VA loans both go as low as zero down. down payment.

FHA loan 111

FHA loan Loans Pre-approval Pre-qualification 111

HomeLight

DECEMBER 30, 2021

A debt-to-income ratio under 43%. Reliable income with proof of employment. Additionally, a home purchased with an FHA loan can only be used as your primary residence — this isn’t the loan type to use when purchasing your first investment property. VA Native American Direct Loan. home value.

Loans 98

Loans FHA loan Debt-to-income ratio VA loan 98

Realty Biz

DECEMBER 30, 2022

Your interest rate will stay the same for the first 5, 7, or 10 years in most cases before it changes to a new rate based on the market interest rates. But the big advantage of trying to get a USDA loan is that you may be able to do it without putting down a single dollar as a downpayment. Government-Backed Mortgage.

Loans 69

Loans FHA loan Mortgages Debt-to-income ratio 69

HomeLight

JULY 31, 2020

And with the likelihood that homes will only appreciate in value, it can also feel like you’re getting priced out of the market before you’ve even started. One note: During riskier loan environments, such as during a recession, lenders will often protect themselves by increasing the standards required to get a mortgage loan.

Debt-to-income ratio 96

Debt-to-income ratio Loans Equity Finance 96

HomeLight

DECEMBER 31, 2020

For example, if you are a service veteran, you may be eligible for a zero-down loan backed by the Department of Veterans Affairs ( a VA loan ). Otherwise, barring a specialized loan or down payment assistance program, you’re generally looking at making some sort of down payment. Down payments and debt-to-income ratio.

Mortgages 94

Mortgages VA loan Debt-to-income ratio Loans 94

Marco Santarelli

AUGUST 18, 2024

As of today, August 18, 2024, mortgage rates are creating waves in the real estate market, sparking interest among homebuyers and homeowners considering refinancing. For example, a 7/1 ARM offers a fixed rate for the first 7 years, after which it adjusts annually based on market conditions. When is the best time to refinance?

Mortgages 52

Mortgages VA loan Debt-to-income ratio Fixed-rate mortgage 52

Redfin

FEBRUARY 10, 2021

What to Expect for the Housing Market in 2021. housing market is different. While the economy expands and contracts, the housing market reacts, producing buyers and seller’s markets. The housing market will remain strong through 2021 as the economy recovers from the pandemic-driven recession.

Debt-to-income ratio 76

Debt-to-income ratio Pre-approval Inspection Purchase and sale agreement 76

Redfin

FEBRUARY 11, 2021

Depending on your local housing market , this can be a significant amount that not every homebuyer can afford. If a 20% down payment is too much for you to swing, your lender can look for other loan products that work with a smaller down payment. . 4) Pursue a VA loan if you qualify. What is PMI? .

Debt-to-income ratio 66

Debt-to-income ratio VA loan Fixed-rate mortgage Loans 66