Housing Wire

JANUARY 31, 2023

billion in loan production in 2022, saw potential to expand in local markets by scooping up LOs that could bring over their network of local clients. Morgan , launched in September 2022, enables the lender to convert pre-approved, property-specific home loans into tradable non-fungible tokens (NFTs).

Loans 418

Loans Mortgages Loan Officer Pre-approval 418

HomeLight

SEPTEMBER 30, 2020

The best way to get a deal on a short sale is to find one that’s priced under fair-market value. “You have to wait for the current owner’s bank to approve the short sale,” says Jessica Sanchez, Director of Underwriting and Loan Management at HomeLight. All short sales require bank approval.

Short sale 138

Short sale Loans Sales FHA loan 138

Marco Santarelli

MARCH 5, 2025

Global Events: Unexpected events around the world can create uncertainty and affect financial markets. My Personal Take: A Balanced Perspective Based on my experience in the real estate market, I believe it's wise to approach these forecasts with a healthy dose of realism. by the end of the year.

Mortgages 92

Mortgages Pre-approval FHA loan Loans 92

Housing Wire

FEBRUARY 8, 2022

Goldstone, who is president of Capital Markets & Lending at BSI Financial Services , estimates that between 20% to 25% of borrowers in BSI’s servicing portfolio have been non-communicative, he told HousingWire. For example, with Federal Housing Administration ( FHA ) loans, 1.5 An army of door-knockers.

Loans 370

Loans Pre-approval Mortgages Principal 370

Marco Santarelli

FEBRUARY 16, 2025

VA and FHA Loans : Competitive rates with a 30-year VA at 5.98% and FHA rates starting at 5.75%. Lets dive deeper into the details of these rates and their implications for your monthly mortgage payments, market trends, and overall housing landscape.

FHA loan 52

FHA loan Mortgages Principal VA loan 52

RIS Media

OCTOBER 29, 2020

Let’s take a look at some of the key things to consider before you jump into the real estate market and buy your first house. The Federal Housing Administration (FHA) backs the FHA loans program. FHA mortgage programs are one of the most popular among first-time homebuyers. Getting Prepared. Preapproval.

Pre-approval 140

Pre-approval FHA loan Inspection Closing costs 140

Marco Santarelli

MAY 30, 2024

The US housing market continues to evolve , with a growing presence of institutional investors in the single-family rental space. Institutional investors tend to favor high-growth regions with a booming job market and strong rental demand. This can be particularly beneficial in areas prone to volatile market fluctuations.

Investor 98

Investor Marketing Pre-approval FHA loan 98

Redfin

MARCH 4, 2025

These properties are often priced below market value, making them attractive to buyers looking for a good deal or hoping to build equity quickly. However, chances are you can buy the home below market value and you wont need to negotiate with a seller or bank. If the auction accepts financing, make sure you have a pre-approval ready.

Pre-approval 35

Pre-approval FHA loan Short sale Banks 35

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%. The Guaranteed Loan Program insures loans made by private lenders.

FHA loan 96

FHA loan VA loan Pre-approval Fixed-rate mortgage 96

Realty Biz

MARCH 13, 2024

This article explores the key factors home buyers need to know about the Maryland housing market this year. Getting Pre-Approved For A Mortgage In a seller’s market like Maryland, getting pre-approved for a mortgage loan should be one of the first steps for hopeful buyers. Zillow forecasts a 2.8%

Pre-approval 91

Pre-approval Marketing Inspection Closing costs 91

RIS Media

MAY 19, 2021

It has become common practice in some markets to ask the seller to pay some or all of the closing costs when you purchase a home. Some simple rules to remember on the different kinds of loans: – On VA loans, you can ask the seller to pay everything, meaning the buyer is making no down payment and paying no closing costs.

Closing costs 116

Closing costs Closing Pre-approval VA loan 116

HomeLight

AUGUST 31, 2021

“The 203(k) loan is one of the best products in real estate when it’s used as an effective tool,” says Eric Forney , an Indianapolis real estate agent who sells his clients’ listings an average of 41% faster than the typical agent in his market. What’s a 203(k) loan? Who is eligible for a 203(k) loan?

Loans 104

Loans FHA loan Pre-approval Finance 104

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. They usually buy them at REO auctions, renovate them and rent them out to the tenants, before putting the property on the market for sale. Financing Turnkey Rental Properties With Loan.

Finance 96

Finance FHA loan Investor Loans 96

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. Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance.

Finance 96

Finance Debt-to-income ratio FHA loan Mortgages 96

Realty Biz

MARCH 30, 2023

There are fixed-rate mortgages, adjustable-rate mortgages, hybrid loans, reverse mortgages, and FHA loans that all come with varying interest rates. Documentation and the Pre-Approval Process Pre-approval is a must for anyone looking to purchase a home.

Mortgages 101

Mortgages Pre-approval Pre-qualification Due diligence 101

HomeLight

SEPTEMBER 30, 2020

The mortgage insurance protects lenders in case the buyer defaults on the loan, allowing those lenders to serve more borrowers. Buyers with lower credit scores or lower down payments can sometimes get an FHA loan even if they can’t get approved for a conventional loan. The home is then sold at a discount by HUD.

Earnest money deposit 98

Earnest money deposit FHA loan Pre-approval Finance 98

HomeLight

OCTOBER 5, 2020

Short sales are rarer in the housing market nowadays. ” She adds, “You need a strong pre-qualification letter from a legitimate lender, and there’s no getting around that. There is a process you must follow to get pre-approved for a mortgage. On average, closing costs comprise between 2% and 5% of the loan amount.

Short sale 97

Short sale Sales Pre-approval Pre-qualification 97

HomeLight

OCTOBER 27, 2020

If you are applying for an FHA loan , for example, you’ll have to provide your tax returns, no matter what. There are other circumstances when tax returns are required, too, such as if you own rental property, or if you are investing in the stock market and earn income from dividends. Step 6: Get pre-approved for a loan.

Debt-to-income ratio 105

Debt-to-income ratio Pre-approval Pre-qualification Loans 105

Realtor.com

APRIL 27, 2021

For many first-time home buyers , a government-backed FHA loan can be obtained for as little as 3.5% And if you have the down payment you need, you can go straight to applying for mortgage pre-approval. If you are a military member or veteran, there are even more budget-friendly options available to you.

Pre-approval 124

Pre-approval FHA loan Loans Mortgages 124

Redfin

APRIL 11, 2025

What used to be a 3-to-7-year stay in a starter home is now stretching much longer as the market remains competitive and interest rates stay high. While starter homes arent as widely available as they once were, they can still be found in certain markets. Getting pre-approved for a mortgage will help you understand what you can afford.

Marketing 35

Marketing Land Equity Loans 35

HomeLight

JUNE 28, 2021

With properties often available below market value and down payment options potentially as low as 3.5% , purchasing a HUD home could be your golden ticket. FHA loans are geared toward individuals in need of lower down payments, or those who may not qualify for conventional loans due to lower credit scores. No problem!

Pre-approval 105

Pre-approval Pre-qualification FHA loan Inspection 105

Realty Biz

FEBRUARY 7, 2023

You must purchase in a rural area to qualify for a USDA loan. FHA loans are very popular, especially for first-time home buyers. The FHA loan offers a low down payment requirement of 3.5%. They also have relaxed credit score requirements compared to other loans.

Pre-approval 77

Pre-approval Mortgages Pre-qualification VA loan 77

HomeLight

AUGUST 31, 2020

For example, both conventional and FHA loans offer first-time buyers the opportunity to purchase a home with only 3% down (conventional) or 3.5% down (FHA). When loan environments are riskier (like during an economic recession), it can be harder to get these kinds of loans. down for FHA loans.

Debt-to-income ratio 93

Debt-to-income ratio FHA loan Pre-qualification VA loan 93

Lighter Side of Real Estate

OCTOBER 11, 2023

But it serves as a great reminder that it’s possible to buy a multifamily with a lower down payment, and it’s another option in the market for prospective investors to consider. But with an FHA loan, you have to pay it for the entire length of the loan.

Pre-approval 122

Pre-approval FHA loan Loans Investor 122

RIS Media

AUGUST 5, 2020

The 2019 – 2020 State of Asia America Report , an annual AREAA publication, provides a snapshot of the state of AAPI homeownership pre-COVID-19. Just 6 percent and 2 percent of Asian loan applications are for FHA loans and VA loans, respectively. Additional closing costs associated with VA loans.

VA loan 94

VA loan FHA loan Pre-qualification Loans 94

Realty Biz

DECEMBER 12, 2022

Mortgage Pre-Approval and Pre-Qualification Are Not The Same. Securing conditional approval for a mortgage is the optimal method for determining the amount of borrowing capacity. Obtaining preapproval does not guarantee approval of a mortgage. percent with an FHA loan.

Debt-to-income ratio 87

Debt-to-income ratio Mortgages Pre-approval Pre-qualification 87

Realty Biz

SEPTEMBER 23, 2023

They provide services such as guiding buyers through the home buying process, offering expertise in the local market, and assisting with negotiation and closing. Understanding the mortgage process, including prequalification and pre-approval, is also essential.

Purchase and sale agreement 70

Purchase and sale agreement Pre-approval Agents Pre-qualification 70

HomeLight

JULY 31, 2022

These are standards related to the overall condition of a property which will play a role in the willingness and/or ability of a lender to finance a buyer’s loan. But when you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan.

Closing 98

Closing FHA loan Purchase and sale agreement Inspection 98

Lab Coat Agents

NOVEMBER 20, 2024

The seller’s lender must approve the assumption, guaranteeing the buyer is creditworthy and capable of managing the mortgage payments. This approval process helps protect the lender’s interests while offering flexibility for buyers looking to save on their home purchases. Department of Agriculture (USDA).

Purchase and sale agreement 98

Purchase and sale agreement Mortgages Pre-approval VA loan 98

Redfin

JULY 31, 2024

Understand loan options: Learn about different mortgages like conventional, jumbo, and government-backed loans (FHA, VA, USDA). Prepare thoroughly : Improve your credit score, set a budget, and get pre-approved to streamline the home-buying process and secure a favorable mortgage. Did you know?

Pre-approval 71

Pre-approval Pre-qualification Mortgages Loans 71

Redfin

MAY 11, 2022

How to improve your chances of getting approved for a mortgage even with bad credit. Get pre-approved for a mortgage. One of the first items on your to-do list should be getting a mortgage pre-approval. Pre-approvals show the amount a lender is willing to let you borrow and the interest rate attached to that loan.

Pre-approval 66

Pre-approval Debt-to-income ratio VA loan FHA loan 66

Redfin

MARCH 28, 2023

With so many neighborhoods, housing styles, and factors to consider, navigating the real estate market can be overwhelming. Consider choosing a lower price point Choose a price point that’s lower than your comfort level when the market is hot. Reconsider waiting out the market 2023 will be challenging for Chicago homebuyers.

Pre-approval 59

Pre-approval FHA loan Loans Agents 59

Realty Biz

APRIL 8, 2024

This includes checking your credit score, saving for a down payment, and getting pre-approved for a mortgage. Online mortgage calculators can provide a rough estimate, but getting pre-approved by a lender will give you a more accurate figure. What Is a Mortgage Pre-Approval? What Can I Afford?

Pre-qualification 56

Pre-qualification Pre-approval Closing costs Inspection 56

Marco Santarelli

DECEMBER 12, 2024

Colorado Springs is predicted to be the hottest housing market in 2025 , according to a recent forecast by Realtor.com. Colorado Springs Housing Market to Boom in 2025 I've been following the real estate industry for a while now and the forecasts from reliable sources like Realtor.com are always interesting.

VA loan 52

VA loan Marketing Pre-approval FHA loan 52

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. .

FHA loan 105

FHA loan Inspection Pre-approval Loans 105

HomeLight

MARCH 6, 2023

Our tool analyzes the records of recently sold homes near you, your home’s last sale price, and other market trends to provide a preliminary range of value in under two minutes. Appraisals are typically needed when applying for a mortgage or refinancing a home loan. Get Estimate Why is a home appraisal needed?

Pre-approval 102

Pre-approval Purchase and sale agreement Agents Loans 102

HomeLight

AUGUST 16, 2021

This loan backed by the Federal Housing Administration is ideal for those with low savings or a just-OK credit score. You can qualify for loans with as little as 3.5% Further, he notes, would-be buyers using down payment assistance might find a challenging landscape in an uber-competitive market. Here are a few of your options.

Loans 105

Loans VA loan FHA loan Purchase and sale agreement 105