Real Trends

NOVEMBER 11, 2022

Real estate professionals navigating housing in 2022 and beyond need to know their way around all the financing options available. Without knowledge of lesser-known financing choices, real estate professionals can miss the chance to turn their customers into homeowners, or sellers. . USDA loans. Shared equity financing.

Finance 113

Finance VA loan FHA loan Agents 113

Housing Wire

JULY 14, 2022

This technology-enabled transparency is creating equal opportunity for more buyers, including smaller-volume local investors who can now better compete against the large-volume institutional investors. In that model, the only marketing of foreclosure auctions is through notices in a local newspaper or legal publication.

Renovation 369

Renovation MLS Investor Loans 369

HomeLight

JULY 23, 2024

Roughly 2% of FHA loans went to buyers with a FICO score between 500 and 599. Only 11.97% of FHA endorsements were given to credit scores below 620, while 14.95% were given to credit scores of 720 or higher. 82% of total FHA financing went to first-time homebuyers in 2023.

Mortgages 116

Mortgages FHA loan Loans Finance 116

HomeLight

JUNE 30, 2024

The platform offers innovative technologies like its Remote Bid , which allows buyers to bid and win foreclosure properties using a mobile phone app. Auction.com also offers resources to help you understand the auction process, including bidding guidelines, financing options, and market insights.

Short sale 115

Short sale Banks Finance Investor 115

AAOA

FEBRUARY 6, 2025

Financing for your tiny home may be more difficult than if you were constructing a traditional home, but in some cases, you may be able to secure an FHA loan. Smart technology integration is also far less expensive for tiny homes than larger properties as they require less equipment.

Due diligence 102

Due diligence Land FHA loan Construction 102

Realty Biz

JULY 23, 2023

Recent changes and technological advancements are shaping the lending landscape. It's essential to grasp how 1099 income affects mortgage loans and what lenders look for when determining eligibility for home financing. 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

MAY 30, 2024

Alternative Financing Options: Exploring programs like FHA loans or down payment assistance initiatives can help bridge the gap for aspiring homeowners facing stiff competition from cash buyers.

Investor 98

Investor Marketing Pre-approval FHA loan 98

RIS Media

MARCH 19, 2021

This means that there is a clear operational, marketing, technology and customer service model for your brokerage to easily adopt and provide optimal value for the partner’s company. This allows you to fund all loans including FHA loans, thus maximizing revenue and increasing the customer experience.

FHA loan 105

FHA loan Loans Mortgages Technology 105

Realtor.com

JANUARY 11, 2023

Builders can help first-time buyers with better financing. Many builders can offer financing through their company’s mortgage arm or through a lender affiliate and also have programs to help reduce the amount of cash a buyer needs to close on a home.

New Construction 110

New Construction Construction VA loan Finance 110

HomeLight

AUGUST 20, 2021

FHA loans require a special appraisal. If the buyer is financing the property with an FHA loan, an official FHA loan appraiser must conduct the appraisal, in accordance with HUD’s designated guidelines. The FHA appraiser ensures that the property meets HUD’s minimum property requirements.

FHA loan 105

FHA loan Inspection Pre-approval Loans 105

HomeLight

MARCH 24, 2022

But before you can call this place yours, in order to get your financing, you’re going to need a home appraisal. he’d “like to see the industry do a better job of leveraging technology to improve the efficiency and accuracy of home appraisals. Different loans can make the response time longer as well, Daniels says.

FHA loan 105

FHA loan Inspection Loans Sales 105

GeekEstate

FEBRUARY 14, 2024

Expanding into mortgage has been challenging for real estate businesses and professionals due to high technological entry barriers and complex regulations. This change, previously restricted with FHA loans, marks a pivotal moment. What problem does your product/service solve? What’s next for you?

Purchase and sale agreement 64

Purchase and sale agreement FHA loan Development Loans 64

Redfin

MAY 2, 2023

The state’s economy is driven by various industries, including technology, tourism, energy. Get your finances together Getting your finances in order is crucial when buying a home in Colorado. However, many loan options are available that require lower down payments, including FHA loans, which may require as little as 3.5%

Pre-approval 66

Pre-approval FHA loan Loans Finance 66

Calculated Risk Real Estate

JULY 3, 2024

or higher – 1.9M “As of May, 24% of homeowners with mortgages now have a current interest rate of 5% or higher,” said Walden. “As recently as two years ago an astonishing nine of every 10 mortgage holders were below that threshold. “All in, there are 5.8M or higher – 1.9M “All in, there are 5.8M

Mortgages 59

Mortgages FHA loan Loans Staging 59

Marco Santarelli

JULY 20, 2024

Employment stability : Job security often plays a role in the decision to purchase a home.

Debt-to-income ratio 52

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

HomeLight

JULY 14, 2021

Fintech, or financial technology , relates to all the new tech options out there that help consumers and businesses manage their money. This can include things like Bitcoin; digital shopping programs that offer small, immediate loans rather than using a credit card; mobile stock trading; and virtual lending institutions.

Banks 105

Banks Debt-to-income ratio Loans FHA loan 105

Lab Coat Agents

JUNE 17, 2024

By offering an assumable loan with a lower interest rate, these sellers may be able to attract more potential buyers and sell their homes more quickly. Assuming an existing FHA loan with a lower interest rate can significantly reduce monthly mortgage payments, making homeownership more affordable and accessible for these buyers.

Loans 52

Loans VA loan FHA loan Finance 52

HomeLight

JANUARY 6, 2022

You also may have heard of the tech-enabled iBuyers such as Opendoor, Offerpad, Redfin Now and HomeLight (we offer iBuying services through our Simple Sale platform) that use technology to value homes and make near-instant offers. Overwhelmed with Home Repairs? Skip the hassle of arranging contractors and paying for renovations.

Renovation 126

Renovation Investor Inspection Loans 126

Redfin

JUNE 14, 2023

The city is also a hotbed for technology and research, with the Research Triangle Park (RTP) nearby, attracting top-notch companies and fostering innovation. Prioritize your finances Getting your finances in order is crucial for the homebuying process in North Carolina, as it sets the foundation for a smooth and successful transaction.

Pre-approval 59

Pre-approval Debt-to-income ratio Closing costs Title 59

Lab Coat Agents

MAY 1, 2024

Additional Benefits No Mortgage Insurance Another significant benefit of assuming a VA loan is that there is no mortgage insurance required, even if the buyer puts less than 20% down. This can result in additional monthly savings compared to conventional or FHA loans with small down payments.

VA loan 52

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

Housing Wire

SEPTEMBER 20, 2024

But Broeksmit also expresses skepticism of Democratic presidential nominee Kamala Harris’ down payment assistance proposal, which he deems to be unnecessary due to the existence of FHA loan programs with 3.5% Next, the duo discusses the FHA 203(k) changes and the effects on overall housing supply. down payment minimums.

FHA loan 426

FHA loan Banks New Construction Finance 426

Housing Wire

MARCH 30, 2021

HousingWire’s virtual demo days are designed specifically to help mortgage industry decision makers identify the technology solutions they need to operate efficiently and securely. Tune in April 6 to experience demos from the most innovative loan origination and valuation tech companies in the industry. “MBA Mortgage Tech Demo Day.

Mortgages 334

Mortgages FHA loan Loans Industrial 334

HomeLight

JANUARY 12, 2022

But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. Conventional loan. 1 and accept an offer on Jan.

Closing 116

Closing Purchase and sale agreement Pre-approval Inspection 116

HomeLight

DECEMBER 23, 2021

Any of these codes can change, particularly as technology evolves, making it difficult for the average homeowner to keep pace. For example, FHA loans typically won’t allow buyers to purchase properties with unpermitted converted garages or outdated electrical panels. For example, the NEC is updated every three years.

Inspection 111

Inspection Title Renovation Inspection contingency 111

Housing Wire

FEBRUARY 7, 2022

In August, HUD Secretary Marcia Fudge signed an agreement with the Federal Housing Finance Agency to strengthen fair lending enforcement. Part of its effort to modernize its outdated technology systems, the FHA Catalyst program, hit a snag last year. FHA has had gaps in loss-mitigation oversight of servicers it approved.

Banks 369

Banks Lending Loans Mortgages 369

Housing Wire

DECEMBER 7, 2020

Chief among these is how to operationalize the advanceable feature of the credit, which is akin to asking the IRS to deliver individual tax refund checks to tax filers on a date of their choosing, relying on obsolete technology and inadequate staff resources. Now is the time to double down on diversity and inclusion efforts.

FHA loan 505

FHA loan Debt-to-income ratio Loans Equity 505