Housing Wire

NOVEMBER 4, 2024

But in another stroke of luck, I have a cousin who is a loan officer at Guild Mortgage. In writing both offers, Angela and I made sure to fully disclose how I was expecting her to get paid , as well as all of my requests, including a home inspection contingency clause.

Purchase and sale agreement 435

Purchase and sale agreement Inspection contingency Inspection Title 435

HomeLight

MARCH 31, 2022

Or you could run into issues because something major changes with your finances during the loan approval process, such as losing your job or needing to take on a car loan. The contingency allows you to walk away without penalty if you can’t secure financing to buy the house. Why would a seller reject a home sale contingency?

Home sale contingency 104

Home sale contingency Sales Purchase and sale agreement Inspection contingency 104

HomeLight

MARCH 2, 2023

Loans are between 3%-3.5% CalHFA works through approved lenders, and buyers apply for the program through their loan officer. If you have an inspection contingency in your contract, and the inspection report comes back with tens of thousands of dollars of necessary repairs, it’s time to negotiate.

Closing 118

Closing Earnest money deposit Sales Inspection 118

HomeLight

JULY 29, 2022

But you might not submit your full loan application to a lender until your offer is accepted, unless you have applied for an underwritten preapproval. As soon as you’re under contract on a home, work with your loan officer to submit your loan application. Step 3: Order the appraisal. How long is an appraisal good for?

Purchase and sale agreement 105

Purchase and sale agreement Earnest money deposit Inspection Loans 105

HomeLight

MARCH 6, 2023

Loans are between 3%-3.5% CalHFA works through approved lenders, and buyers apply for the program through their loan officer. If you have an inspection contingency in your contract, and the inspection report comes back with tens of thousands of dollars of necessary repairs, it’s time to negotiate.

Earnest money deposit 110

Earnest money deposit Closing Sales Title 110

HomeLight

OCTOBER 29, 2021

When you submit the application, be sure to ask your loan officer if the company needs any additional information or paperwork from you. In that case, you could get your earnest money back if you have an inspection contingency and make the decision within the period the contract specifies.

Closing 111

Closing Inspection Title Due diligence 111

HomeLight

JANUARY 27, 2021

This can cause issues if there are errors on your application or if there’s something the loan officer missed. Definitely include an inspection contingency. When you buy a home, you’ll typically want to have it inspected first. Of course, sellers love an inspection-free deal.

Closing costs 119

Closing costs Inspection Loans Earnest money deposit 119