Remove Earnest money deposit Remove Mortgages Remove VA loan
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Deeper asset history unlocks new lending opportunities

Housing Wire

At first blush, this may seem like overkill; does a lender really gain anything by harnessing all that extra data for a VA loan that only requires two months of bank statements? Thanks to the mortgage industry’s rapidly evolving understanding of the power of asset data, the answer is a resounding “yes.”

Lending 370
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Can Closing Costs Be Rolled Into Your Mortgage?

Redfin

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 mortgages allow you to roll in closing costs?

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When Is a House Down Payment Due and How Much Do I Need?

HomeLight

The down payment on a home gets your foot in the door, and the mortgage lets you move in. And it’s a lot of money, so you’re probably wondering: When do you actually have to give the down payment to the seller? But that doesn’t mean the money will leave your account just yet. Let’s jump in! When is the down payment due?

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Your Top 11 Questions About Down Payments, Answered (Including: What’s an Average Down Payment?)

HomeLight

With so many DPA programs, you’ll want to consult with someone who will know them best — your loan officer. What types of mortgage loans are there? Down payment requirements differ depending upon the loan types. Conventional loans. For these larger loans, borrowers will often have to put down a minimum of 10%.

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How the Financing Contingency Works: Why Buyers Should Think Twice Before Waiving It

Redfin

This protective clause in your purchase agreement can save you thousands if your mortgage falls through, but in todays competitive market, some buyers are tempted to waive it. Quick answer: A financing contingency gives buyers a way to walk away from the deal and keep their deposit if their loan application is denied.

Finance 40
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How to Buy a House in San Diego: 14 Steps to Close the Sale

HomeLight

It’s important, especially for first-time buyers, to have someone in both the real estate side and in the mortgage side of things who will represent you and help you navigate.” There are loan programs that allow as little as 3.5% You can also ask family, friends, your buyer’s agent, and attorneys for mortgage lender recommendations.

Closing 118
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Your Guide to Buying a Home in the Sunshine State of Florida

HomeLight

Consider the following down payment assistance programs in Florida: Florida Assist (FL Assist) : The Florida Assist program will loan up to $10,000 in closing costs on approved FHA, VA, USDA, and conventional mortgage loans. The second mortgage is forgiven at 20% per year, over a 5-year term. down payment.