Remove FHA loan Remove Short sale Remove VA loan
article thumbnail

FHFA assisted nearly 44,000 troubled homeowners in Q4 2023

Housing Wire

Of these actions, 2.682 million have been permanent loan modifications and 3.519 million actions have been other forms of assistance that allowed troubled borrowers to stay in their homes. The number of completed short-sale and deeds-in-lieu transactions in Q4 2023 totaled 134, a decrease of 12% compared to the previous quarter.

VA loan 488
article thumbnail

Short Sale Mortgage Loans: What Borrowers Need To Know

HomeLight

But what if you’re buying a short sale? Does that mean you might encounter even more reasons to cry while trying to get a short sale mortgage loan ? Securing a short sale mortgage loan isn’t that different from purchasing a standard home. What’s a short sale ?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Frequently Asked Questions about Buyers Agents in Real Estate

Realty Biz

The amount required for a down payment can vary based on factors such as the type of loan, your credit history, and the lender's requirements. Standard financing options for homebuyers include conventional loans, FHA loans , VA loans, and USDA loans.

article thumbnail

How to Buy a Preforeclosure Successfully: A 13-Step Beginner’s Guide

HomeLight

If you’re going to be buying the preforeclosure with a mortgage, your purchase agreement is contingent on your ability to secure a loan, so getting preapproved is important. For this type of home purchase, you can get either a conventional loan or government loan (such as an FHA loan or VA loan ).

article thumbnail

Selling a House ‘As Is’ in North Carolina

HomeLight

Schaus does business in the area of Fort Bragg, which means that Department of Veterans Affairs home loans ( VA loans ) are used very often by buyers. 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.

As-is 112
article thumbnail

How to Get a Mortgage Loan: A Step-By-Step Guide for First-Timers

HomeLight

FHA loans are backed by the Department of Housing and Urban Development and accept credit scores as low as 500. However, you’ll have to pay for mortgage insurance for at least 11 years, depending on your down payment size — most FHA loans require mortgage insurance for the entire life of the loan.

Loans 98
article thumbnail

How Do You Sell a House As-is? Everything Agents Need to Know

The Close

Notably, falling below MPR standards could be a deal breaker for some homebuyer programs, such as a Federal Housing Authority (FHA) loan or VA loan. A seller also may sell a home as-is at full market value, even if the repairs are minor, if they’re underwater on their mortgage, or if it is a short sale.

As-is 98