With the help of government-backed mortgages, first-time home buyer loans with zero down, and creative financing strategies, you can successfully purchase a house with no money down. Check your zero-down home loan eligibility. Start here Check out the following strategies to make your ...
Typically, purchase offers are contingent on a home inspection of the property to check for signs of structural damage or things that may need fixing. Your real estate agent might be able to help you arrange having this inspection conducted within a few days of your offer being accepted by th...
What are the requirements to buy a house? Did you find this article helpful? Share it! Link Copy About the author Rachel Cruze Rachel Cruze is a #1 New York Times bestselling author, financial expert, host of The Rachel Cruze Show, and co-host of Smart Money Happy Hour. Rachel writes...
These buyers usually pay with all cash and prefer to buy homes off-market. Many will purchase homesas-is, meaning the seller isn’t expected to do any work to improve the home’s current condition. For this type of buyer, a purchase is generally all about how the numbers shake out sinc...
Finally, you may need to prepare to put down as much as 20% on your home purchase. This is the preferred amount among many mortgage lenders, as the more you put down toward a loan, the less risky it is for the lender. In fact, this is the minimum down payment required to avoid pa...
Be mindful that if a buyer is relying on lender financing, the property will have to be appraised. If there’s anyshortfall between the purchase price and appraised value,that gap will have to be made up somehow, or the deal could fall apart. ...
VA purchase loans allow you to make no down payment. Jumbo loans are mortgages for houses that are more expensive than standard lending limits. These usually require larger down payments and higher credit scores. Renovation loans let you wrap the costs of home improvements into the total amount ...
Get pre-approved for a mortgage to strengthen your offer and streamline the buying process. Conduct a thorough home inspection and appraisal before finalizing your purchase. 1. Make Sure You Are Ready If you (or you and your partner or spouse) want to buy your first home, start by determini...
Saving for your home purchase ensures you have enough money for your down payment and closing costs. Read this guide for tips on how to reach this goal.