Maximum Exposure Real Estate

NOVEMBER 28, 2023

Are you wondering about the VA loan inspection requirements? There are appraisal and inspection guidelines that VA inspectors must follow. Did you know that the homes you’re looking at might not be acceptable to some lenders? It’s true.

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Inspection VA loan Loans Marketing 109

Maximum Exposure Real Estate

MARCH 12, 2023

What Are VA Loan Home Inspection Requirements Are you wondering about the VA loan inspection requirements? There are appraisal and inspection guidelines that VA inspectors must follow. Did you know that the homes you’re looking at might not be acceptable to some lenders? It’s true.

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Inspection VA loan Loans 98

Realty Biz

SEPTEMBER 24, 2022

Military borrowers looking to buy or refinance a home might want to consider a VA loan. Department of Veterans Affairs (VA), this loan option can make buying a home easier for those who might otherwise struggle to afford a mortgage. What Is a VA Loan? Benefits of a VA Loan. Backed by the U.S.

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Redfin

FEBRUARY 18, 2025

Home inspection fees: The cost to professionally check the property is up-to-code and in good, habitable condition. Higher monthly payments: While your upfront costs are lower, your monthly payments will be slightly higher because of the larger loan amount. VA loans A VA loan is a mortgage loan guaranteed by the U.S.

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Closing costs Closing VA loan Seller concession 52

Housing Wire

JANUARY 31, 2021

It includes property preservation data, such as vacancy checks and inspections for damage repairs, foreclosure title status and title clearance information and claimable vs non-claimable expenses, current status for properties in auction, and more. The platform allows users to mitigate risk and maximize returns through informed decisioning.

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HomeLight

JANUARY 6, 2021

If you’re trying to save money or keep your costs down, you may wonder if you really need to have a home inspection done. So, why get a home inspection? And how much does a home inspection cost? What is a home inspection? After the inspection, they’ll give you an inspection report.

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Point2Homes

JANUARY 19, 2021

How Does a VA Mortgage Work? A VA loan is a type of mortgage loan backed by the U.S. Department of Veterans Affairs (VA) and issued through private lenders. VA loans are available to veterans and active military personnel, as well as their surviving spouses, and it aims to make buying a home easier.

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VA loan Mortgages FHA loan Loans 104

AAOA

JANUARY 27, 2025

Be aware of the down payment requirements and interest rates of conventional, commercial, FHA and VA loans, as they may vary depending on the size of the property. Property inspection Hire a professional inspector to examine the building’s structural integrity, plumbing, electrical systems and the state of the individual units.

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RIS Media

MAY 19, 2021

Loan origination fee, loan discount, appraisal fee, credit report, lender’s inspection fee, mortgage broker fee, tax service fee, flood certification fee, flood monitoring, etc. May vary widely between lenders and are not dependent on the cost of the loan. Here’s how you can explain it to your buyers: 1.

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Closing costs Closing Pre-approval VA loan 116

Redfin

JANUARY 6, 2021

Just to be sure there aren’t any other pests lurking about your new house, you might want to consider getting a pest and termite inspection. Here are five reasons you should schedule a termite and pest inspection before any unwanted visitors wreak havoc on your dream home. Why should you get a pest and termite inspection?

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HomeLight

SEPTEMBER 6, 2024

Other types include a sales contingency , financing contingency, and inspection contingency. Additionally, buyers with FHA and VA loans are required to get an appraisal, which must meet certain standards set by the government. Appraisal contingencies are just one type of contingency.

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Redfin

MARCH 11, 2025

However, if you back out of the deal for reasons not covered by contingencies (such as inspection or financing), you may forfeit the earnest money to the seller. The remaining $2,000 will help cover expenses like loan origination fees, title insurance, and escrow costs. Does earnest money go towards the down payment?

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Redfin

FEBRUARY 20, 2025

However, there are some costs associated with selling your home, like repairs, staging, and pre-listing inspections, that may also need to be paid before closing. In addition to transfer taxes, there may be other local fees, such as certification or inspection fees, required by local governments before the property can be officially sold.

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Closing costs Closing Seller concession Title 56

HomeLight

MARCH 7, 2025

Consider a pre-listing inspection A pre-listing home inspection is the same as a standard home inspection except that the seller pays for it before listing their home on the market. Hvizda says pre-listing inspections arent very popular right now, given market conditions.

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Lab Coat Agents

FEBRUARY 7, 2023

The minimum down payment for an FHA loan is 3.5%. VA Mortgage: A mortgage guaranteed by the Department of Veterans Affairs (VA) is available to eligible active-duty service members and veterans. VA loans typically offer favorable terms, including no down payment or monthly mortgage insurance premiums.

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HomeLight

MARCH 28, 2022

If you’re planning on using a VA loan, how does that impact affordability ? The VA funding fee can increase every time you use your VA loan. Payne cautions that, “The VA funding fee can increase every time you use your VA loan,” and you should include it in your home shopping budget.

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HomeLight

MARCH 7, 2025

Consider a pre-listing inspection A pre-listing home inspection is the same as a standard home inspection except that the seller pays for it before listing their home on the market. Ive seen it go both ways, so Im open-minded to the idea of a pre-listing inspection.

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RIS Media

OCTOBER 29, 2020

There are numerous benefits to FHA loans. If you are a veteran or currently serving, the VA loans program offers great terms. When you have served your country, the VA mortgage program is one of the best for first-time homebuyers. Home Inspections. You can attend the inspection if you want. Negotiations.

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HomeLight

AUGUST 9, 2022

Closings costs for buyers often clock in between 2% and 5% of the purchase price, and expenses beyond your down payment may include some (or all) of the following: Property inspections. Loan origination fee. A VA loan provides 100% financing with no money down — so no down payment. Property taxes. Transfer tax.

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HomeLight

MARCH 12, 2025

Consider a pre-listing inspection A pre-listing home inspection is the same as a standard home inspection except that the seller pays for it before listing their home on the market. Adabashi says a pre-listing inspection is an absolute yes when selling your home as-is.

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Redfin

JANUARY 28, 2025

The seller must also be in good standing with their loan, meaning it cannot be delinquent. VA loans VA loans are specifically designed for eligible veterans, active-duty service members, and certain surviving spouses. Youll want to know if there are any major repairs or updates needed.

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HomeLight

NOVEMBER 29, 2021

There are three kinds of USDA loans: Guaranteed USDA Loans (loans from approved lenders that are guaranteed by the USDA), Direct USDA Loans , and housing repair loans and grants. Home loan benefits and housing programs offered through the U.S. Always make sure to get a thorough inspection on a house first.

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Norada Real Estate

APRIL 15, 2023

Additionally, the type of financing being used, such as FHA or VA loans, can also impact the length of the under-contract period. Home Inspection Contingency One of the most common contingencies that can affect the length of the under-contract period is the home inspection contingency.

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HomeLight

SEPTEMBER 1, 2022

Mortgage insurance premium (MIP) paid monthly for the life of the loan. VA loans are available to current service members and veterans who meet eligibility requirements. There are two types of VA loans — a VA direct home loan (uncommon) and a VA-backed home loan. DTI of 43% or lower.

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HomeLight

JANUARY 12, 2022

Next steps include the home inspection, appraisal, and final paperwork. But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. Broken down by type of loan, you can expect the following: . Conventional loan. Complete home inspection: 5-15 days.

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HomeLight

MAY 23, 2022

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. Consider a pre-listing inspection. Schaus does warn that there can be a downside to these pre-inspections, as well. Pros of listing a home ‘as is’.

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HomeLight

MARCH 3, 2025

Consider a pre-listing inspection A pre-listing home inspection is the same as a standard home inspection except that the seller pays for it before listing their home on the market. Youre looking for an agent who doesnt shy away from listings that need a little TLC and maybe has a strong network of investor connections.

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HomeLight

MAY 28, 2021

An example: Let’s say a property is listed as-is, and a home inspection finds a leaky roof and foundation issues. Another misconception is that a home inspection isn’t allowed. An inspection can tell you upfront the exact issues with the house so you know what money you might have to spend down the line. Get a home inspection.

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HomeLight

SEPTEMBER 30, 2020

If you must acquire an FHA or VA loan for the short sale, be aware that the property must meet certain livability standards. He continues, “I’ve inspected homes that had serious issues, like structural problems, but buyers are usually renovators, not people looking for a turnkey home.”.

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Short sale Loans Sales FHA loan 138

The Close

AUGUST 6, 2024

As their agent, you must also know how to protect your clients through the as-is selling process and understand the nuances such as navigating inspections and disclosures. 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.

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HomeLight

MAY 8, 2024

Consider a pre-listing inspection A pre-listing home inspection is the same as a standard on, except that the seller pays for it before listing their home on the market. These are standards related to the overall condition of a property which will play a role in the willingness and/or ability of a lender to finance a buyer’s loan.

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HomeLight

OCTOBER 29, 2021

You still have to make it through the house closing process, where inspections , credit problems, or paperwork issues can trip you up. Conventional loans closed in an average of 47 days in July 2021, while FHA loans took 51 days, and VA loans required an average of 52 to close. Each step can take a few days.

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Marco Santarelli

DECEMBER 22, 2024

Government Loans (FHA/VA) : These loans typically cater to those who might not qualify for conventional mortgages. FHA loans have low minimum requirements for credit and down payments, making them accessible. VA loans are available to veterans and active military members with favorable terms and conditions.

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Mortgages Equity Fixed-rate mortgage Loans 52

HomeLight

OCTOBER 27, 2021

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 ).

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HomeLight

OCTOBER 1, 2020

This, of course, depends on a few variables, such as getting preapproved for a mortgage, or whether you’re taking out an FHA or a VA loan, which may take a bit longer. (We Order a home inspection and appraisal. The next task on the list is to get a home inspection and a home appraisal. Underwriter reviews the loan.

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HomeLight

JUNE 28, 2021

Here, you’ll find a complete listing of HUD homes nationwide, along with photos, asking prices, appraisals, basic inspection results, bidding deadlines, and more. It’s also important to know what the inspection process involves, depending on the house’s location. “In The inspection process. Find a HUD-approved agent.

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Realty Biz

JANUARY 19, 2024

Research different types of mortgages available, such as conventional, FHA, or VA loans. Navigating the Home Inspection and Negotiation Process Once you have put a house under contract, the next step will be the home inspection. Navigating the home inspection and negotiation process is a critical step in buying a house.

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