Fannie Mae and Freddie Mac are offering a $2,500 credit that borrowers can put toward their down payment, closing costs, escrow or mortgage insurance premiums. …
Posts published in “closing costs”
SingleSource Property Solutions and Voxtur launch an alternative to title insurance that’s designed with Fannie Mae and Freddie Mac’s new guidelines in mind. Source: Inman…
Rising home prices and lender costs helped drive up homebuyers’ closing costs by 13.4 percent in 2021, to an average of $6,905. Loan production expenses…
The deal is expected to close in the third quarter if it receives regulatory approvals and meets “customary closing conditions.” Source: Inman News
In low-inventory, ultra-competitive markets like the one we’re currently experiencing, buyers and their agents are coming up with a host of creative contract terms to…
Although the real estate market is red-hot, we can improve our buyers’ odds by presenting a deal that directly helps the sellers. Addressing price, time,…
The lender aims to help more than 60,000 low- and moderate-income homebuyers with low down payment mortgages as well as down payment and closing cost…
Though relatively rare today, some agents foresee a future in which buyers are responsible for their agents’ commissions. That could pose a challenge for buyers…
There are a lot of hidden costs that go into closing — and many sellers aren’t aware of them. That’s why it’s your job as…
According to Down Payment Resource’s latest report, 81 percent of down payment assistance programs in Q3 still had funding for homebuyers. Source: Inman News