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Dave Liniger discusses AI and the evolution of the real estate industry

Housing Wire

Fifty-five years ago, when I was first licensed, we had a one-page VA loan, a one-page FHA loan, and a one-page listing agreement and two pages for a buying agreement. Back then, we never thought about the property inspection. Today, they are dozens of pages long.

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Can Closing Costs Be Rolled Into Your Mortgage?

Redfin

Home inspection fees: The cost to professionally check the property is up-to-code and in good, habitable condition. FHA loans An FHA loan is a mortgage loan that’s insured by the Federal Housing Administration (FHA). Lower down payment: FHA loans require a minimum down payment of 3.5%

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Brush Up on These 13 FHA Loan Property Requirements Before the Appraisal

HomeLight

If you’re selling to a buyer backed by an FHA loan , your home must clear an FHA appraisal for the loan to close. The FHA appraisal determines a property’s market value and ensures that the property meets the U.S. By contrast, most conventional loans require a credit score of 620 or above.

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What Is a VA Loan? Benefits, Requirements, and How to Apply

Realty Biz

Military borrowers looking to buy or refinance a home might want to consider a VA loan. Department of Veterans Affairs (VA), this loan option can make buying a home easier for those who might otherwise struggle to afford a mortgage. What Is a VA Loan? Benefits of a VA Loan. Backed by the U.S.

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Short Sale Mortgage Loans: What Borrowers Need To Know

HomeLight

In general, acquiring a loan for a short sale home is no different than getting a loan for a standard transaction. You can even get an FHA loan for a short sale , but be aware they have guidelines around this type of sale. For an FHA loan, there are minimum property standards. Closing costs.

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How Does a VA Mortgage Work and What Are Its Pros and Cons?

Point2Homes

How Does a VA Mortgage Work? A VA loan is a type of mortgage loan backed by the U.S. Department of Veterans Affairs (VA) and issued through private lenders. VA loans are available to veterans and active military personnel, as well as their surviving spouses, and it aims to make buying a home easier.

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What Do You Need To Consider When Buying A New Home?

Lab Coat Agents

FHA mortgage: A mortgage insured by the Federal Housing Administration (FHA) is a good option for first-time homebuyers and other borrowers with limited resources. The minimum down payment for an FHA loan is 3.5%. VA loans typically offer favorable terms, including no down payment or monthly mortgage insurance premiums.