Redfin

AUGUST 12, 2024

These loans offer significant advantages, including no down payment, no PMI, and competitive interest rates. Additionally, VA loans have limited closing costs and no prepayment penalties. A lower DTI indicates better financial health and increases your chances of loan approval.

Loans 74

Loans Mortgages Pre-approval Fixed-rate mortgage 74

Redfin

JULY 31, 2024

Understand loan options: Learn about different mortgages like conventional, jumbo, and government-backed loans (FHA, VA, USDA). Compare terms and interest rates to find the best fit for you. Choosing the right mortgage lender is a vital step in the home-buying process. Did you know?

Pre-approval 71

Pre-approval Pre-qualification Mortgages Loans 71

Real Trends

OCTOBER 23, 2022

What first-time homebuyers do not realize is that if you have a lower credit score, the interest rate on your mortgage loan is going to be higher. On the other hand, if someone had a credit score of 660 to 679 with the same 20% upfront, the average mortgage interest rate was 6.66%. Let’s use an example.

VA loan 72

VA loan Pre-approval Fixed-rate mortgage Loans 72

Norada Real Estate

JUNE 22, 2022

Shortage of any of these factors could make you not pre-qualify for a loan. Importance of Loan-to-Value Ratio For Financing Turnkey Rental Properties. A loan to value (LTV) ratio is a number that describes the size of a loan compared to the purchase price of the property securing the loan.

Finance 96

Finance FHA loan Investor Loans 96

Marco Santarelli

APRIL 24, 2024

In a competitive market, a buyer with a pre-approved mortgage is often seen as more attractive by sellers. The Refinance Rescue: Potential Savings Down the Line Here's a silver lining: even if you buy a home now with a higher interest rate, you're not locked into that rate forever.

Pre-approval 52

Pre-approval Mortgages FHA loan Fixed-rate mortgage 52

Redfin

JULY 11, 2023

When considering mortgage options, it’s important to understand the different types available. A fixed-rate mortgage provides stability and predictability, with a consistent interest rate throughout the loan term. How does the mortgage pre-approval process work?

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

Marco Santarelli

FEBRUARY 24, 2025

Here's a snapshot of today's mortgage rates by Zillow , giving you a clear view of where things stand: Mortgage Type Current Rate 30-Year Fixed 6.50% 20-Year Fixed 6.25% 15-Year Fixed 5.83% 5/1 ARM 6.50% 7/1 ARM 6.45% 30-Year VA 5.98% 15-Year VA 5.48% 5/1 VA 6.06% What's the takeaway?

Mortgages 52

Mortgages VA loan Fixed-rate mortgage Principal 52

The Close

DECEMBER 29, 2022

It’s an official form certifying that a veteran has met the terms that qualify someone for a VA loan. VA loans might have a lot of red tape, but they can be excellent, affordable options for service members and their spouses. It’s kind of like a fixed-rate mortgage and an adjustable-rate mortgage had a baby.

Purchase and sale agreement 98

Purchase and sale agreement Title Pre-approval Proof of funds 98

Marco Santarelli

FEBRUARY 22, 2025

But this table gives you a solid overview of where things stand: Loan Type Current Rate 30-year Fixed 6.50% 20-year Fixed 6.25% 15-year Fixed 5.83% 5/1 ARM 6.50% 7/1 ARM 6.45% 30-year VA 5.98% 15-year VA 5.48% 30-year FHA 6.09% 15-year FHA 5.55% As you can see, the 30-year fixed is sitting at 6.50%.

Mortgages 85

Mortgages Pre-approval Loans Debt-to-income ratio 85