HomeLight

SEPTEMBER 20, 2024

If you’re on active duty, a military veteran, or the surviving spouse of someone who has served in the military, buying a home could be more affordable than you realize, thanks to the home loan offered by the Department of Veterans Affairs (VA). VA loan basics: How common are these types of mortgages?

VA loan 105

VA loan Loans Mortgages Renovation 105

Housing Wire

NOVEMBER 29, 2022

They’ll adopt the 2023 FHFA rates effective Tuesday, even though the official loan limits won’t take effect until January 1. The Federal Housing Finance Agency (FHFA), the regulator of Fannie Mae and Freddie Mac, announced that the baseline conforming loan limit in 2023 will increase by 12.21%, or $79,000, compared to 2022 , to $726,200.

Loans 283

Loans VA loan Lending Mortgages 283

Housing Wire

DECEMBER 30, 2020

United Wholesale Mortgage caught headlines by offering rates as low as 2.25% for VA loans (though, to be fair, ultra-low-rate products aren’t always what they seem ). Rocket Companies was the first, but Guild, Caliber, LoanDepot, UWM, Finance of America, Better.com, SoFi, AmeriHome all make plans to IPO.

Mortgages 545

Mortgages Loans VA loan Investor 545

Redfin

FEBRUARY 18, 2025

Paying more interest overall: Over the life of the loan, you’ll end up paying more interest because you’re borrowing a larger amount. USDA loans USDA loans , formally known as USDA Rural Housing Loans, are mortgage loans offered by the U.S. You can finance up to 100% of the appraised value of the home.

Closing costs 52

Closing costs Closing VA loan Seller concession 52

Housing Wire

JANUARY 26, 2024

Department of Veteran Affairs (VA) loans. Our current mortgage finance system does not allow commissions to be plopped on top,” Lamacchia said. Your system of getting competitors together to found and enforce rules that are designed to stabilize prices is wrong,” he said. “It It is against the law.

MLS 468

MLS VA loan Agents As-is 468

Housing Wire

AUGUST 7, 2023

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. This practice disproportionately affects minority first-time homebuyers.

Closing 370

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

Housing Wire

APRIL 5, 2023

We’ve seen a 16 to 18% increase in Native Americans utilizing the loan guaranty program (…) so [we’re] continuing to build that model out,” Bell said. I caution you that as you go down this road of automation, you have to also look at what the end user experience is, what human-centered design is telling you,” Bell said.

Technology 389

Technology Loans Mortgages Industrial 389

Marco Santarelli

MARCH 4, 2025

VA Loans: For eligible veterans, VA loans offer great benefits, including no down payment and often lower interest rates. FHA Loans: FHA loans are insured by the Federal Housing Administration and are designed for borrowers with lower credit scores or smaller down payments. ARMs can be risky.

Mortgages 104

Mortgages Debt-to-income ratio VA loan FHA loan 104

Marco Santarelli

DECEMBER 28, 2024

VA Loans VA loans provide flexible financing solutions, particularly for veterans and active service members. Work with Norada in 2025, Your Trusted Source for Turnkey Investment Properties Discover high-quality, ready-to-rent properties designed to deliver consistent returns.

VA loan 52

VA loan Mortgages Fixed-rate mortgage Loans 52

Housing Wire

AUGUST 2, 2024

“This strategic positioning is designed to ensure our clients not only benefit from potential rate decreases but are also well-informed and prepared to act quickly to optimize their mortgage terms. ”

Mortgages 514

Mortgages FHA loan Loans Loan Officer 514

Realty Biz

SEPTEMBER 30, 2023

By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation. Let's delve deeper into these topics to guide you towards an affordable home financing solution. Can you buy a house with bad credit?

Finance 96

Finance Debt-to-income ratio FHA loan Mortgages 96

Lab Coat Agents

MAY 21, 2024

In today’s rapidly evolving real estate market, assumable mortgages have emerged as a game-changer for homebuyers seeking to save money and secure favorable financing terms. Qualification Process: While buyers still need to qualify for an assumable mortgage, the process may be more streamlined compared to applying for a new loan.

VA loan 98

VA loan Mortgages Loans FHA loan 98

Marco Santarelli

DECEMBER 31, 2024

30-Year VA 6.08% -0.04 15-Year VA 5.63% -0.07 5/1 VA 6.27% -0.03 30-Year VA 6.11% -0.03 15-Year VA 5.99% -0.01 5/1 VA 6.50% -0.04 If housing inventory is low and demand remains high, price increases can occur, affecting affordability and driving buyers toward financing options. 5/1 ARM 6.71% -0.05

Mortgages 52

Mortgages Fixed-rate mortgage VA loan Finance 52

Marco Santarelli

DECEMBER 24, 2024

Understanding how today's mortgage rates rise or fall can help you make better financial decisions regarding your home financing options. FHA and VA Loans : The 30-Year FHA rate stands at 5.58% and VA loans at 6.10% , making these government-backed loans attractive options for certain borrowers, often with lower down payments required.

Mortgages 52

Mortgages VA loan Loans Finance 52

HomeLight

DECEMBER 5, 2023

An assumable mortgage is a type of home loan that allows a new buyer to take over the seller’s existing loan terms, including the interest rate, remaining balance, and repayment period. This can be particularly advantageous if the existing loan’s interest rate is lower than current market rates.

FHA loan 116

FHA loan VA loan Mortgages Loans 116

Marco Santarelli

JANUARY 25, 2025

VA Loan Advantages: If youre a veteran or on active duty, you should definitely pay attention to this. VA loans are government-backed and tend to have some seriously attractive rates. The 15-year VA refinance rate, at 5.89% , is particularly eye-catching, it is about 0.2% lower than conventional 15-year loans!

Mortgages 69

Mortgages VA loan Fixed-rate mortgage Equity 69

Rent, Buy & Sell

FEBRUARY 7, 2021

In this article, we review 3 alternative financing options for the home buyer that has bad credit. As such, if your credit score is below 500 you should probably work on rebuilding your credit score first, because even with alternative lending options this score may be too low to finance a home. There are some drawback to VA loans.

Loans 98

Loans VA loan FHA loan Hard money loan 98

Marco Santarelli

DECEMBER 22, 2024

Understanding these rates and how they can impact your financial decisions is crucial as you navigate your home financing options. However, a positive consideration is ensuring the additional debt taken on does not outweigh the benefits derived from the equity financing. Not exactly. How much does a mortgage refinance cost?

Mortgages 52

Mortgages Fixed-rate mortgage Equity Loans 52

Point2Homes

AUGUST 26, 2021

Unconventional Loans. Most unconventional loans are backed by a government entity. They are designed to help segments of the population that might otherwise find it hard to qualify for a conventional loan. Here are the most common types of unconventional mortgage loans. USDA Loans. Backed by the U.S.

Loans 103

Loans Mortgages Fixed-rate mortgage FHA loan 103

Marco Santarelli

FEBRUARY 16, 2025

Understanding VA and FHA Loans For first-time homebuyers or those with limited funds for a down payment, VA (Veterans Affairs) and FHA (Federal Housing Administration) loans are two excellent options to consider. VA Loans : These loans are backed by the U.S.

FHA loan 52

FHA loan Mortgages Principal VA loan 52

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). Financing a home may be more feasible than you think! USDA loan. VA loans are backed by the U.S.

VA loan 94

VA loan FHA loan Mortgages Closing costs 94

Marco Santarelli

DECEMBER 21, 2024

FHA and VA Loans For low-income or first-time homebuyers, FHA loans provide essential options. These loans are insured by the Federal Housing Administration and require lower credit scores and down payments. These loans are insured by the Federal Housing Administration and require lower credit scores and down payments.

Mortgages 52

Mortgages VA loan Loans FHA loan 52

Marco Santarelli

DECEMBER 22, 2024

Work with Norada, Your Trusted Source for Turnkey Investment Properties Discover high-quality, ready-to-rent properties designed to deliver consistent returns. As rates continue to fluctuate and economic conditions evolve, staying informed will be key to making strategic choices regarding home buying and refinancing.

Mortgages 52

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

Marco Santarelli

MARCH 11, 2025

Veterans Affairs (VA) Loans : For eligible veterans, active-duty service members, and some members of the National Guard and Reserves, VA loans offer favorable terms, such as no down payment and lower interest rates, making homeownership more accessible to those who have served in the military.

Fixed-rate mortgage 52

Fixed-rate mortgage Mortgages VA loan FHA loan 52

HomeLight

SEPTEMBER 21, 2020

Complicating matters is that your spouse didn’t return from a deployment in time to help with packing, clean up, or crunching the finances. Special designations, like military-relocation specialist. In that sense, an agent with a special designation like Military Relocation Professional (MRP) can grant peace of mind.

VA loan 111

VA loan Purchase and sale agreement Loans Agents 111

Marco Santarelli

MAY 27, 2024

There are some requirements that both the buyer and seller need to meet, but these are generally less stringent than with conventional loans. VA Loans: These are government-backed mortgages guaranteed by the Department of Veterans Affairs. VA loans are also assumable, with similar requirements to FHA loans.

Debt-to-income ratio 96

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

The Close

NOVEMBER 25, 2022

This is a niche with recession-proof buyers, zero percent financing, and hot leads that need to close quickly. Easy financing through VA loans. Easy financing through Department of Veterans Affairs loans is another reason. Zero interest loans are an even bigger deal in our current lending environment!

VA loan 98

VA loan Loans Loan Officer Finance 98

RIS Media

MARCH 31, 2022

Despite the success of the VA loan program, veterans still face hurdles when purchasing a home. Many of the components designed to protect beneficiaries are also keeping them on the sidelines in the current housing market. No private mortgage insurance (PMI) requirement. A lifetime benefit that can be used multiple times.

VA loan 98

VA loan Loans Closing costs Lending 98

Lab Coat Agents

NOVEMBER 20, 2024

Among the various financing options available, an assumable mortgage offers a unique solution that could lead to substantial savings. This type of mortgage allows you to take over the existing loan of the seller, often with favorable terms. This allows you to bypass many of the challenges that come with securing traditional financing.

Purchase and sale agreement 98

Purchase and sale agreement Mortgages Pre-approval VA loan 98

HomeLight

MARCH 7, 2025

But if you do end up working with a financed buyer, be aware that different mortgage types (such as conventional loans or government-backed FHA, USDA, or VA loans) have different minimum property standards. If your house complies with FHA, then it complies with most other lenders requirements.

As-is 52

As-is Inspection Finance Investor 52

Redfin

JANUARY 28, 2025

For example: If the home sells for $400,000 but the mortgage balance is $300,000, the buyer must cover the $100,000 differenceeither in cash or through additional financing. Assumption fee: Lenders typically charge an administrative fee to process the loan transfer, usually ranging from 0.05% to 1% of the remaining loan balance.

Loans 31

Loans Mortgages VA loan Purchase and sale agreement 31

HomeLight

OCTOBER 15, 2020

The different types of conventional loans. There are two main types of conventional loans: conforming and non-conforming. Conforming loans. Conforming loans are mortgages that conform to financing standards set by the federal government, and can therefore be purchased by Fannie Mae and Freddie Mac.

Loans 98

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

Realty Biz

AUGUST 21, 2022

As you might imagine, when you are talking about square footage this small it is harder to be as imaginative with home designs. While the cost will depend largely on the design and amenities, you can expect the price to be lower. A modular design that is small in size can cost around seventy five to eighty thousand dollars.

VA loan 115

VA loan FHA loan Loans Land 115

Marco Santarelli

FEBRUARY 27, 2025

From my experience, I've noticed buyers becoming much more strategic with their finances lately. FHA and VA Loans: Helping Buyers Get In the Door For many homebuyers, especially first-timers or those with moderate incomes, government-backed loans like FHA and VA loans are crucial for making homeownership a reality.

VA loan 59

VA loan FHA loan Marketing Loans 59

Realty Biz

MAY 28, 2022

Keep in mind that there are two different types of conventional loans available. Conforming loans are the best of the two because they follow the rules and regulations set by the Federal Housing Finance Agency (FHFA). Non-conforming loans do not follow the FHFA stipulations and regulations.

Mortgages 94

Mortgages VA loan Fixed-rate mortgage Bankruptcy 94

HomeLight

MAY 26, 2021

She also conducts monthly webinars for first-time homebuyers with the New Jersey Housing and Mortgage Finance Agency and the Puerto Rican Action Board. 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.

Debt-to-income ratio 111

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

HomeLight

AUGUST 27, 2020

There are still some federally-backed mortgage programs designed for first-time homebuyers that can help. These federal loans often have less restrictive qualification requirements and often are more affordable than other mortgage options. Check out this map to find the loan limit for your area.

VA loan 75

VA loan FHA loan Loans Closing costs 75