Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. 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 loan 482

VA loan Agents Seller concession FHA loan 482

Housing Wire

APRIL 15, 2024

Department of Veterans Affairs seeking similar guidance on VA loans, but Sears said that letter remains unanswered. CHLA appreciates Fannie Mae’s clarification today that seller payment of buyer realtor commissions will not be counted towards seller concession caps,” a spokesperson wrote in an email.

Agents 532

Agents Seller concession VA loan Finance 532

Redfin

FEBRUARY 18, 2025

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. Department of Veterans Affairs (VA). This is called a seller concession.

Closing costs 52

Closing costs Closing VA loan Seller concession 52

Redfin

FEBRUARY 20, 2025

On average, sellers typically pay between 6% and 10% of the homes sale price in total closing costs. This percentage includes real estate agent commissions, title insurance, escrow fees, and potential seller concessions. Heres a general estimate of different seller closing costs: Expense Typical Cost Who Pays?

Closing costs 56

Closing costs Closing Seller concession Title 56

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

Research different types of mortgages available, such as conventional, FHA, or VA loans. Again, local market conditions determine whether you can get any seller concessions. Exploring Mortgage Options Once you have a clear financial standing, it's time to explore mortgage options.

Debt-to-income ratio 100

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

HomeLight

JUNE 29, 2022

Different loan types have different guidelines and criteria that the appraiser must meet,” says Swecker. For example, the appraiser may have to find three comps for a VA loan, but for an FHA loan six comps may be needed within a half-mile.”. And they’re also concerned about a mortgage lender’s appraisal. City websites.

MLS 111

MLS Seller concession Sales Agents 111