HomeLight

DECEMBER 8, 2023

In today’s real estate market, with high mortgage interest rates and hesitant buyers, you might be pondering, “Is my mortgage assumable?” Or, you might want to allow a family member to assume your mortgage so they can inherit a financial advantage through your low-interest-rate home loan.

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Lab Coat Agents

JUNE 17, 2024

The Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA) have recently updated their policies regarding fees associated with assumable loans. VA Updates Assumption Processing Fees with Locality Variance The VA has also made notable changes to the fees lenders can charge when processing VA loan assumptions.

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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. USDA loans are designed to help finance homes in rural areas.

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HomeLight

DECEMBER 5, 2023

” An assumable mortgage could be a smart solution, offering the possibility to take over a home loan with more favorable terms than currently available in the market. We’ll cover what types of assumable loans are available, the process, how to find them, and the pros and cons of assuming a mortgage.

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Housing Wire

NOVEMBER 29, 2022

The conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac will pass the $1 million mark for the first time in 2023, reigniting a debate about the government’s role in the mortgage market and its persistent affordability challenges. ” Raise the (conforming loan) roof.

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RIS Media

MARCH 18, 2022

Department of Veterans Affairs (VA), has released a two-part educational video series on the VA Home Loan Guaranty Program, designed to help REALTORS® better serve veteran and active-duty homebuyers achieve homeownership with VA loans, the organization announced this week.

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Lab Coat Agents

FEBRUARY 7, 2023

Are you in the market to buy your first home? ARMs usually start with a lower interest rate than fixed-rate loans, but the rate can increase or decrease over time, depending on market conditions. The minimum down payment for an FHA loan is 3.5%. What Is A USDA Loan? What Are VA Loans?

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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.

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Housing Wire

DECEMBER 30, 2020

Here’s a detailed month-by-month analysis of what caused mortgage rates to fall so dramatically, and how it affected virtually every sector within the housing market. bond market. Keeping the ball rolling, the Federal Reserve continued to support the mortgage markets by purchasing about $4.5 Sales of new homes spiked 18.6%

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RIS Media

JUNE 12, 2024

In a move designed to help military service members, veterans and eligible spouses stay competitive in the current housing market, the Department of Veterans Affairs (VA) announced Tuesday that it will temporarily allow VA borrowers to pay their own buyer agent fees in certain situations.

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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.

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Marco Santarelli

OCTOBER 14, 2023

In fact, FHA loans necessitate a down payment as low as 3.5%. VA Loans: VA loans , guaranteed by the Department of Veterans Affairs (VA) , are designed exclusively for eligible veterans, service members, and their spouses.

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Housing Wire

SEPTEMBER 16, 2021

When it comes to housing and mortgage markets this fall, most attention is being focused on the expiration of eviction and foreclosure moratoria and the pending completion of forbearance terms for many homeowners. More than 7% of borrowers exiting forbearance have paid off their loans, either through a refinance or a home sale.

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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.

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Easy Agent Pro

JANUARY 13, 2023

Often real estate agents tend to focus on either buyer leads or seller leads as their specialty in the market. Whether you are new to the real estate market or an experienced agent looking to expand their reach for lead generation, this guide will help you find home buyer leads and real estate seller leads. Let’s dive in! .

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Housing Wire

FEBRUARY 27, 2023

Department of Veterans Affairs (VA) seals, the Federal Housing Administration ( FHA ) logo, and other language or design elements to falsely imply that RMK was affiliated with the government,” the CFPB said. RMK Financial is a nonbank that is licensed as a mortgage broker or lender in at least 30 states and Puerto Rico.

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The Close

NOVEMBER 25, 2022

Finally, I’ll walk you through the exact steps I use to market to and close transactions with military buyers and sellers here in Hawaii. Here’s where your local market expertise comes into play. Easy financing through VA loans. Easy financing through Department of Veterans Affairs loans is another reason.

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HomeLight

SEPTEMBER 21, 2020

The best time to contact a Realtor can be anywhere from three to six months before your house goes on the market. When hiring an agent, military sellers should focus on a key stat in the agent’s track record: days on market (DOM). You can find the average days on market for your city with a quick glance at your city’s page.

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Realty Biz

MAY 28, 2022

They do have set limits, though, so check them out before attempting to get one of these loans. USDA loans are ones designed to help mid and low-income earners a way to get into a home that is located in a rural area. VA loans are the final organization affiliated with the federal government that will back a loan for you.

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Realty Biz

AUGUST 21, 2022

It has been a crazy seller’s market characterized by bidding wars with many homes selling over the asking price. It hasn’t been the kind of market that has been kind to those looking at housing for low income. There is the chance that things could be shifting a bit in some markets across the country.

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Marco Santarelli

APRIL 24, 2024

But here's the rub: the housing market is a dynamic entity, and its future trajectory can be unpredictable. In a competitive market, a buyer with a pre-approved mortgage is often seen as more attractive by sellers. Holding Your Ground: The Waiting Game's Potential Pitfalls Let's imagine you decide to wait for rates to fall.

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HomeLight

OCTOBER 15, 2020

These loans come with required mortgage insurance, and they typically have higher rates and fees. VA loans : These loans are for qualifying military service members and their families, and they’re backed by the Veterans Administration. VA loans require a minimum credit score of 620 and a maximum DTI of 41%.

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Housing Wire

NOVEMBER 19, 2021

The Department of Veterans Affairs will raise appraisal fees and lengthen allowable turnaround times in select markets across the country in response to high demand for appraisals. The VA said it had taken note of increased market demand in a “seller’s market,” in a notice explaining the increases. “As

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Redfin

FEBRUARY 3, 2021

Common types of loans with low to no down payments include FHA, VA, and USDA loans. With FHA loans – loans designed for individuals with a low-to-moderate income level and credit score- your down payment could be as low as 3.5%. down payment FHA loan.

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Realtor.com

JANUARY 25, 2022

Odds are, you’ve heard that the housing market is blazingly hot right now. In fact, the Realtor.com 2022 housing forecast anticipates that the housing market will slow down somewhat from the frenzy seen a year earlier. And in the same way you can’t time the stock market, you can’t time the housing market, either.

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Marco Santarelli

JUNE 10, 2024

However, understanding the realities of government assistance in the US housing market is key. While the government doesn't directly hand out houses, it offers a helping hand through various programs designed to make housing significantly more affordable. The good news? Here's how it works: Eligibility: Income is a major factor.

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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. Source: (C. DLR / Unsplash).

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Debt-to-income ratio Closing costs VA loan Loans 86

Redfin

JULY 11, 2023

A mortgage is a loan specifically designed for purchasing a property, commonly a home. In the event that the borrower fails to repay the loan, the lender has the right to take possession of the property through a legal process known as foreclosure. What is a mortgage? How is a mortgage rate determined?

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HomeLight

AUGUST 26, 2020

The real estate market is always changing, and if your home has increased in value , you may want to consider refinancing and tap into the equity in your home. However, if you only have 10% equity, they’re likely to make a market analysis comparison to determine if an appraisal is necessary.”. USDA Streamlined Assist Refinance Loans.

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HomeLight

DECEMBER 30, 2021

Your adjusted household income can’t exceed 115% of the area’s median income for a USDA home loan. For reference, the USDA loan income limit for 2021 (for a household of up to four people) is $91,900. VA Native American Direct Loan. Good Neighbor Next Door loans. Freddie Mac ChoiceRenovation loans.

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Loans FHA loan Debt-to-income ratio VA loan 83

HomeLight

AUGUST 20, 2021

After all the work of preparing, marketing, and showing your house, it’s finally under contract at top price. “The purpose of an appraisal is to determine the market value of a home at a specific point in time,” explains Brandy March, executive officer of the Iowa Real Estate Appraiser Examining Board.

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Housing Wire

APRIL 5, 2022

Rocket Pro TPO has launched a program that will guarantee financing to close in 15 days, a move to entice mortgage brokers and their real estate agent partners in a scorching-hot housing market. It also represents yet another sweetener designed to convince brokers to choose them over rival United Wholesale Mortgage. Sponsored Video.

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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.

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The Close

SEPTEMBER 2, 2020

It is widely known that email is an effective form of marketing. The problem is likely that your customers are receiving the “marketing” but not the “message.”. Focus on Who Your Marketing Is Actually Targeting. 19 How does a VA loan work? 24 What are the best ways to market my home?

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Redfin

FEBRUARY 4, 2022

A house needs to meet certain specifications to be classified as a historic home and is designated by the National Park Service. The National Register of Historic Places is a federal list of homes that are classified as “historic,” although states and local municipalities can also designate homes as historic. .

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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.

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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. USDA Rural Development loans also allow for 100% financing (or 0% down). For an FHA loan with a 3.5% How high is your income?

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