Housing Wire

NOVEMBER 7, 2023

FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5% VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance.

VA loan 482

VA loan Agents Seller concession FHA loan 482

Housing Wire

APRIL 15, 2024

Based on the selling guides in use by the GSEs, property sellers are allowed to make financing concessions toward the borrower’s closing costs at a maximum amount of 2% to 9% of the property value. Department of Veterans Affairs seeking similar guidance on VA loans, but Sears said that letter remains unanswered.

Agents 532

Agents Seller concession VA loan Finance 532

Redfin

FEBRUARY 18, 2025

Key features of USDA loans: No down payment: One of the biggest benefits is that USDA loans typically require no down payment. You can finance up to 100% of the appraised value of the home. Low interest rates: USDA loans often have very competitive interest rates, sometimes even lower than conventional loans.

Closing costs 52

Closing costs Closing VA loan Seller concession 52

Redfin

MARCH 18, 2025

This is more common with VA loans or USDA loans, which require no down payment. If youre using a VA or USDA loan, you dont have to make a down payment. You received seller concessions or lender credits. You may receive a refund. That means youll receive $1,000 of earnest money back.

Closing 43

Closing Purchase and sale agreement Earnest money deposit Seller concession 43

Realty Biz

JANUARY 19, 2024

Let's start with some detailed information and actionable tips on financing. From preparing your finances and exploring mortgage options to calculating your budget, these steps set you on the right path toward finding your dream home. Research different types of mortgages available, such as conventional, FHA, or VA loans.

Debt-to-income ratio 100

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

HomeLight

JUNE 29, 2022

Once it’s under contract, a home appraiser will assess your home’s value on behalf of the mortgage lender financing the home — using a comps analysis of their own. Different loan types have different guidelines and criteria that the appraiser must meet,” says Swecker. Who else uses real estate comps? City websites.

MLS 111

MLS Seller concession Sales Agents 111