Buying A Home In A Non-Arm's Length Transaction
Buying a home from a family member or someone you already know can complicate your loan. Here's how to navigate this situation.
October 30, 2023 6 MIN
Buying a home from a family member or someone you already know can complicate your loan. Here's how to navigate this situation.
Conventional, FHA, USDA, and VA home loans all allow private and community well and septic systems. What to expect when you're buying a house with non-public utilities.
Lenders allow you to sell items to raise cash for a down payment and other costs of homeownership. Here's how to document your sale.
You need a 620 score for a conventional loan, unless you have no score at all. Then, you have options.
Circumstances that led to support payments are never desirable, but one silver lining is that they can help you qualify for a mortgage.
What counts as an extenuating circumstance for a mortgage varies by loan type and lender. Here's what to expect plus waiting periods.
The seller can pay all or part of your closing cost bill on a conventional loan, but there are limits.
Earnest money is a deposit that shows sellers you're serious about buying their home, typically ranging from 1% to 3% of the purchase price. This good faith deposit is usually due within a few days of an accepted offer, is applied to your closing costs, and can be refundable under certain contract contingencies.
Conventional loans are a viable alternative to FHA, offering 3% down and cancelable mortgage insurance. Is it the right program for you?
Conventional lenders will consider financing a "barndo," but it's no guarantee. What to know when shopping for this unique home type.
