Remove FHA loan Remove Proof of funds Remove Title search
article thumbnail

How to Buy a House in 15 Steps: The Ultimate Guide

Redfin

Jumbo loan: Also known as non-conforming loans, jumbo loans exceed the limits set by conforming loans. These loans are typically issued for more expensive homes and come with stricter qualification requirements. Once the money has been exchanged, the title is now in your name. on your close date.

article thumbnail

An Agent Guide to Writing a Home Offer Letter (+ Templates)

The Close

Financing Type Provide details about the type of financing being pursued, whether it's a conventional mortgage, FHA loan, cash, or another option. Title The buyer has the right to perform a title search to ensure the transferability of the title before closing. This will help justify the closing timeline.