https://homebuyer.com Homeownership matters. It's how Americans build wealth, stability, and security. We provide independent mortgage education, research, and tools to help homeowners make better decisions with data they can trust. en-us hello@homebuyer.com (Homebuyer.com) hello@homebuyer.com (Homebuyer.com) Thu, 26 Mar 2026 00:00:00 GMT https://homebuyer.com/congress/shared-appreciation-income-exclusion https://homebuyer.com/congress/shared-appreciation-income-exclusion Excludes qualifying shared appreciation mortgage proceeds from federal gross income. Thu, 26 Mar 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/congress/va-loan-appraisal-fee-reform https://homebuyer.com/congress/va-loan-appraisal-fee-reform Updates appraisal fee rules for VA-guaranteed home loans to lower out-of-pocket costs and support faster closings. Thu, 26 Mar 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyVA loanclosing costs2025 legislation https://homebuyer.com/congress/first-look-homebuyer-protection https://homebuyer.com/congress/first-look-homebuyer-protection Standardizes a “first look” window so first-time homebuyers get priority access to certain foreclosed homes. Tue, 03 Mar 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) first-time home buyerhousing policy2025 legislation https://homebuyer.com/congress/homeowner-savings-accounts https://homebuyer.com/congress/homeowner-savings-accounts A proposal to create tax-advantaged accounts that help you save for a home purchase. Tue, 03 Mar 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) first-time home buyerhousing policy2025 legislation https://homebuyer.com/congress/homes-for-american-families-act https://homebuyer.com/congress/homes-for-american-families-act A proposal to limit institutional buyers in residential real estate to ease competition for home buyers. Thu, 26 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policy2025 legislation https://homebuyer.com/congress/va-loan-fee-refund https://homebuyer.com/congress/va-loan-fee-refund Refund VA loan funding fees for eligible veterans with pending disability claims. Tue, 17 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyveteransVA loan2025 legislation https://homebuyer.com/congress/federal-home-resale-restrictions https://homebuyer.com/congress/federal-home-resale-restrictions Resale rules for single-family homes financed by the federal government. Fri, 13 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/congress/good-neighbor-next-door-expansion https://homebuyer.com/congress/good-neighbor-next-door-expansion Expands which homes qualify for Good Neighbor Next Door, increasing discounted options for eligible community heroes. Wed, 11 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/congress/housing-for-the-21st-century-act https://homebuyer.com/congress/housing-for-the-21st-century-act A housing policy bill that updates FHA, HUD programs, grants, and manufactured home rules to support more housing options. Wed, 11 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyaffordable housingfirst-time home buyer2025 legislation https://homebuyer.com/congress/mortgage-debt-tax-forgiveness-act https://homebuyer.com/congress/mortgage-debt-tax-forgiveness-act Makes the tax exclusion for forgiven mortgage debt on your main home permanent, starting after 2025. Wed, 11 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policy2025 legislation https://homebuyer.com/congress/529-first-home-purchase https://homebuyer.com/congress/529-first-home-purchase A proposal to let some 529 plan funds be used toward a first home purchase. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/congress/529-home-purchase-withdrawals https://homebuyer.com/congress/529-home-purchase-withdrawals Use certain 529 plan distributions to help pay for a first home purchase. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) first-time home buyerhousing policytaxesdown payment2025 legislation https://homebuyer.com/congress/affordable-homeownership-access-act https://homebuyer.com/congress/affordable-homeownership-access-act A proposed bill that sets clearer rules for seller financing and exempts small-volume owner-financers from certain licensing requirements. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/congress/disabled-veterans-housing-support-act https://homebuyer.com/congress/disabled-veterans-housing-support-act A proposal to help disabled veterans qualify for HUD-funded programs by excluding VA disability pay from income calculations. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyveteransfirst-time home buyer2025 legislation https://homebuyer.com/congress/fha-adu-second-liens https://homebuyer.com/congress/fha-adu-second-liens A proposal to insure second liens that finance accessory dwelling units. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/congress/fha-small-dollar-mortgage-pilot https://homebuyer.com/congress/fha-small-dollar-mortgage-pilot A proposed HUD pilot focused on making small mortgage loans easier to get. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/congress/first-time-home-buyers-match-act https://homebuyer.com/congress/first-time-home-buyers-match-act A proposed bill focused on supporting first-time home buyers. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) first-time home buyerhousing policy2025 legislation https://homebuyer.com/congress/first-time-homebuyer-tax-credit https://homebuyer.com/congress/first-time-homebuyer-tax-credit A proposed refundable tax credit for first-time home buyers. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) first-time home buyerhousing policy2025 legislation https://homebuyer.com/congress/flood-insurance-affordability-tax-credit-act https://homebuyer.com/congress/flood-insurance-affordability-tax-credit-act A proposed tax credit to help cover flood insurance costs. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policytax creditshomeowners insurance2025 legislation https://homebuyer.com/congress/flood-insurance-tax-credit-act https://homebuyer.com/congress/flood-insurance-tax-credit-act Proposed tax credits for NFIP and private flood insurance premiums, starting after 2025. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/congress/home-sale-gain-exclusion https://homebuyer.com/congress/home-sale-gain-exclusion A proposed tax change that would exclude home sale gain in certain situations, including sales to first-time home buyers. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/congress/housing-affordability-act https://homebuyer.com/congress/housing-affordability-act Raises FHA multifamily loan limits and updates them for inflation starting in 2025. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/congress/housing-survivors-of-major-disasters-act https://homebuyer.com/congress/housing-survivors-of-major-disasters-act A proposal to expand FEMA housing help after major disasters, including flexible proof of ownership and support for damaged homes. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/congress/humans-over-private-equity-homeownership https://homebuyer.com/congress/humans-over-private-equity-homeownership A proposal to place new taxes and limits on large investment buyers of one-to-four unit homes. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/congress/mortgage-insurance-freedom-act https://homebuyer.com/congress/mortgage-insurance-freedom-act A proposal to cancel annual FHA mortgage insurance at 78 percent loan-to-value on new FHA loans. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/congress/mortgage-insurance-tax-deduction-act https://homebuyer.com/congress/mortgage-insurance-tax-deduction-act Would make the mortgage insurance premium tax deduction permanent after December 31, 2024. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/congress/mortgage-rate-reduction-act https://homebuyer.com/congress/mortgage-rate-reduction-act A proposal to pair assumable FHA, VA, and USDA first mortgages with second mortgages to bridge a purchase price gap. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/congress/mortgage-relief-for-disaster-survivors-act https://homebuyer.com/congress/mortgage-relief-for-disaster-survivors-act A proposal to provide up to 360 days of mortgage forbearance for eligible Fannie Mae and Freddie Mac loans after a declared disaster. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/congress/no-tax-on-home-sales-act https://homebuyer.com/congress/no-tax-on-home-sales-act Removes the current limit on tax-free profit from selling your primary home. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyhome selling2025 legislation https://homebuyer.com/congress/pre-approved-mixed-income-housing-designs https://homebuyer.com/congress/pre-approved-mixed-income-housing-designs A proposed HUD grant program to help communities use pre-reviewed mixed-income housing designs. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/congress/retirement-down-payment-exclusion https://homebuyer.com/congress/retirement-down-payment-exclusion A proposal to make some retirement withdrawals tax-free when used for a down payment or closing costs on a primary home. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) first-time home buyerhousing policy2025 legislation https://homebuyer.com/congress/rural-homeownership-continuity-act https://homebuyer.com/congress/rural-homeownership-continuity-act A proposal to make some USDA rural home loans assumable by eligible buyers when the loan is current. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/congress/stop-wall-street-landlords-act https://homebuyer.com/congress/stop-wall-street-landlords-act A proposal to reduce advantages for large investors competing for one-to-four unit homes. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/congress/tribal-trust-land-homeownership-act https://homebuyer.com/congress/tribal-trust-land-homeownership-act A bill that sets clear timelines for BIA mortgage processing and title status reports on Indian land. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/congress/uplifting-first-time-homebuyers-act https://homebuyer.com/congress/uplifting-first-time-homebuyers-act Proposed legislation focused on supporting first-time home buyers. Tue, 10 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) first-time home buyerhousing policy2025 legislation https://homebuyer.com/learn/affordability-how-do-lenders-treat-401k-loans-or-personal-loans-in-dti https://homebuyer.com/learn/affordability-how-do-lenders-treat-401k-loans-or-personal-loans-in-dti Personal loans typically count in DTI calculations. 401(k) loans vary by lender—some include payments, others exclude them. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionAffordability https://homebuyer.com/learn/affordability-how-do-lenders-treat-student-loans-in-dti-especially-if-im-on-idr https://homebuyer.com/learn/affordability-how-do-lenders-treat-student-loans-in-dti-especially-if-im-on-idr Lenders use actual IDR payments for DTI if documented, or calculate 0.5-1% of loan balance for deferred loans. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionAffordability https://homebuyer.com/learn/affordability-how-does-dti-get-calculated-for-mortgages-and-which-debts-are-included https://homebuyer.com/learn/affordability-how-does-dti-get-calculated-for-mortgages-and-which-debts-are-included DTI divides total monthly debt payments by gross income. Includes credit cards, loans, support payments. Excludes utilities and living costs. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionAffordability https://homebuyer.com/learn/affordability-is-my-dti-calculation-wrong-or-are-they-counting-things-weird https://homebuyer.com/learn/affordability-is-my-dti-calculation-wrong-or-are-they-counting-things-weird Lenders use gross income and all monthly debts, including accounts you might have forgotten. Ask for a breakdown explanation. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionAffordability https://homebuyer.com/learn/appraisal-if-the-appraisal-comes-in-low-why-does-that-change-what-the-lender-will-lend https://homebuyer.com/learn/appraisal-if-the-appraisal-comes-in-low-why-does-that-change-what-the-lender-will-lend Lenders base loans on the lower of purchase price or appraised value to protect their investment if they need to sell later. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionAppraisal https://homebuyer.com/learn/appraisal-im-worried-about-a-low-appraisal-how-does-the-appraiser-even-decide-value https://homebuyer.com/learn/appraisal-im-worried-about-a-low-appraisal-how-does-the-appraiser-even-decide-value Appraisers assess property condition, research recent comparable sales nearby, then adjust values based on differences. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionAppraisal https://homebuyer.com/learn/appraisal-the-appraisal-fee-feels-like-a-scam-what-does-the-appraiser-actually-do https://homebuyer.com/learn/appraisal-the-appraisal-fee-feels-like-a-scam-what-does-the-appraiser-actually-do Appraisers measure, photograph, and evaluate the property, then research comparable sales to determine market value. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionAppraisal https://homebuyer.com/learn/appraisal-what-happens-mechanically-if-the-appraisal-is-low-and-i-dont-have-an-appraisal-gap https://homebuyer.com/learn/appraisal-what-happens-mechanically-if-the-appraisal-is-low-and-i-dont-have-an-appraisal-gap The lender can only fund based on the appraised value, creating a gap you'll need to cover with extra cash or by negotiating. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionAppraisal https://homebuyer.com/learn/appraisal-what-is-the-process-to-dispute-or-challenge-an-appraisal-and-what-evidence-matters https://homebuyer.com/learn/appraisal-what-is-the-process-to-dispute-or-challenge-an-appraisal-and-what-evidence-matters Request a reconsideration of value through your lender with evidence like missed sales, improvement docs, or factual corrections. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionAppraisal https://homebuyer.com/learn/appraisal-whats-a-reconsideration-of-value-and-when-does-it-work https://homebuyer.com/learn/appraisal-whats-a-reconsideration-of-value-and-when-does-it-work A formal request asking the appraiser to review their original report with additional information like recent sales or missed details. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionAppraisal https://homebuyer.com/learn/appraisal-whats-the-difference-between-appraisal-gap-coverage-and-waiving-the-appraisal-contingency https://homebuyer.com/learn/appraisal-whats-the-difference-between-appraisal-gap-coverage-and-waiving-the-appraisal-contingency Gap coverage caps your risk at a set dollar amount above appraised value; waiving means paying full offer regardless of appraisal. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionAppraisal https://homebuyer.com/learn/appraisal-why-did-the-appraiser-pick-those-comps-can-i-challenge-them https://homebuyer.com/learn/appraisal-why-did-the-appraiser-pick-those-comps-can-i-challenge-them You can request a reconsideration of value if the appraiser's comparable sales don't match your property's location, size, or characteristics. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionAppraisal https://homebuyer.com/learn/closing-costs-do-i-really-need-an-inspection-or-is-that-just-extra-money https://homebuyer.com/learn/closing-costs-do-i-really-need-an-inspection-or-is-that-just-extra-money Home inspections cost $300-500 but help find problems before buying and give you negotiating power with the seller. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-how-do-i-read-a-closing-disclosure-to-spot-what-changed-from-the-loan-estimate-and-what-changes-are-allowed https://homebuyer.com/learn/closing-costs-how-do-i-read-a-closing-disclosure-to-spot-what-changed-from-the-loan-estimate-and-what-changes-are-allowed Check loan terms in Section A and closing costs in Sections B and C. Different fees have tolerance limits of 0%, 10%, or unlimited. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-how-do-seller-credits-limits-work-depending-on-down-payment-and-loan-type https://homebuyer.com/learn/closing-costs-how-do-seller-credits-limits-work-depending-on-down-payment-and-loan-type Seller credit limits range from 2-9% of purchase price based on loan type and down payment size, with conventional loans offering the most. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-how-does-a-servicer-calculate-an-escrow-payment-after-closing-analysis-timing-cushions https://homebuyer.com/learn/closing-costs-how-does-a-servicer-calculate-an-escrow-payment-after-closing-analysis-timing-cushions Servicers estimate annual tax and insurance costs, divide by 12, add a cushion, then adjust annually based on actual expenses. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-i-feel-like-im-missing-something-why-is-my-cash-to-close-so-high https://homebuyer.com/learn/closing-costs-i-feel-like-im-missing-something-why-is-my-cash-to-close-so-high Cash-to-close includes down payment, closing costs, and prepaid expenses. Compare your Closing Disclosure to Loan Estimate. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-im-confused-what-am-i-actually-paying-for-in-closing-costs https://homebuyer.com/learn/closing-costs-im-confused-what-am-i-actually-paying-for-in-closing-costs Closing costs pay for loan processing, title insurance, appraisal, legal services, and government fees to complete your purchase. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-im-worried-about-escrow-why-can-my-payment-change-after-closing https://homebuyer.com/learn/closing-costs-im-worried-about-escrow-why-can-my-payment-change-after-closing Escrow payments change because property taxes and insurance costs fluctuate annually, affecting your monthly payment. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-is-earnest-money-basically-gone-once-i-send-it https://homebuyer.com/learn/closing-costs-is-earnest-money-basically-gone-once-i-send-it Earnest money sits in escrow and gets returned or applied to your purchase based on contract terms and contingencies. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-is-earnest-money-basically-hostage-money-how-do-i-not-lose-it https://homebuyer.com/learn/closing-costs-is-earnest-money-basically-hostage-money-how-do-i-not-lose-it Earnest money protects buyers through contingencies like inspection and financing. Follow contract deadlines to get it back. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-is-it-normal-for-homeowners-insurance-to-be-this-expensive https://homebuyer.com/learn/closing-costs-is-it-normal-for-homeowners-insurance-to-be-this-expensive Insurance costs vary by location, home size, age, and risk factors. Compare quotes and check your Closing Disclosure for details. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-is-owners-title-insurance-required-or-just-lenders-title-insurance https://homebuyer.com/learn/closing-costs-is-owners-title-insurance-required-or-just-lenders-title-insurance Only lender's title insurance is required. Owner's title insurance is optional but protects your ownership interest. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-is-the-origination-fee-always-negotiable-or-is-that-fixed https://homebuyer.com/learn/closing-costs-is-the-origination-fee-always-negotiable-or-is-that-fixed Origination fees vary by lender—some negotiate while others have fixed structures. Shop around and ask about flexibility. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-my-escrow-is-short-whos-right-me-or-the-servicer https://homebuyer.com/learn/closing-costs-my-escrow-is-short-whos-right-me-or-the-servicer Compare your escrow analysis to actual tax and insurance bills, then contact your servicer to review any discrepancies. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-my-payment-includes-escrow-why-does-that-make-my-monthly-look-so-much-higher https://homebuyer.com/learn/closing-costs-my-payment-includes-escrow-why-does-that-make-my-monthly-look-so-much-higher Escrow collects taxes and insurance monthly, typically adding $200-500 to your payment instead of separate annual bills. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-my-realtor-wants-me-to-waive-stuff-what-does-waiving-contingencies-actually-remove https://homebuyer.com/learn/closing-costs-my-realtor-wants-me-to-waive-stuff-what-does-waiving-contingencies-actually-remove Waiving contingencies removes your right to cancel the purchase contract under specific conditions like inspection or loan issues. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-the-seller-is-offering-a-home-warranty-does-that-actually-do-anything https://homebuyer.com/learn/closing-costs-the-seller-is-offering-a-home-warranty-does-that-actually-do-anything Home warranties cover repairs for major systems and appliances that break down after closing, usually with service fees per claim. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-the-seller-wants-a-big-earnest-deposit-am-i-exposed-here https://homebuyer.com/learn/closing-costs-the-seller-wants-a-big-earnest-deposit-am-i-exposed-here Earnest deposits carry risk, but contract contingencies protect your money when financing, inspection, or appraisal issues arise. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-what-does-escrow-shortage-mean-and-why-am-i-being-billed-for-it https://homebuyer.com/learn/closing-costs-what-does-escrow-shortage-mean-and-why-am-i-being-billed-for-it Escrow shortage means your account lacks funds for taxes and insurance due to cost increases. Lenders offer payment options. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-what-is-title-and-why-does-it-take-so-long-to-clear https://homebuyer.com/learn/closing-costs-what-is-title-and-why-does-it-take-so-long-to-clear Title is legal ownership of property. Title searches take 2-4 weeks to examine records and clear any ownership issues before closing. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-whats-a-title-search-and-what-kinds-of-issues-can-it-find https://homebuyer.com/learn/closing-costs-whats-a-title-search-and-what-kinds-of-issues-can-it-find Title searches examine property ownership history and commonly find liens, easements, boundary disputes, or deed errors. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-whats-the-difference-between-a-home-warranty-and-homeowners-insurance https://homebuyer.com/learn/closing-costs-whats-the-difference-between-a-home-warranty-and-homeowners-insurance Homeowners insurance covers sudden damage from storms or fires. Home warranties cover appliance breakdowns from normal wear. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-whats-the-difference-between-an-inspection-contingency-and-an-appraisal-contingency https://homebuyer.com/learn/closing-costs-whats-the-difference-between-an-inspection-contingency-and-an-appraisal-contingency Inspection contingencies cover the home's condition; appraisal contingencies protect you if the home doesn't appraise for your offer price. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-whats-the-difference-between-escrow-waiver-and-escrowed-taxesinsurance https://homebuyer.com/learn/closing-costs-whats-the-difference-between-escrow-waiver-and-escrowed-taxesinsurance Escrowed means your lender collects and pays taxes/insurance. Escrow waiver means you pay these bills yourself separately. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-whats-the-difference-between-lender-fees-and-third-party-fees https://homebuyer.com/learn/closing-costs-whats-the-difference-between-lender-fees-and-third-party-fees Lender fees come from your mortgage company for loan processing. Third-party fees come from outside service providers. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-whats-the-difference-between-seller-credits-and-a-price-reduction https://homebuyer.com/learn/closing-costs-whats-the-difference-between-seller-credits-and-a-price-reduction Seller credits pay closing costs; price reductions lower the purchase price, loan amount, monthly payment, and property taxes. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-whats-the-point-of-an-escrow-account-why-cant-i-just-pay-taxes-myself https://homebuyer.com/learn/closing-costs-whats-the-point-of-an-escrow-account-why-cant-i-just-pay-taxes-myself Escrow accounts ensure property taxes and insurance get paid on time, protecting the lender's investment in your home. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-who-holds-earnest-money-and-what-rules-control-when-its-released https://homebuyer.com/learn/closing-costs-who-holds-earnest-money-and-what-rules-control-when-its-released Title companies, attorneys, or brokerages hold earnest money in escrow. Release depends on contingencies in your purchase agreement. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-why-am-i-paying-for-title-insurance-and-what-does-it-actually-cover https://homebuyer.com/learn/closing-costs-why-am-i-paying-for-title-insurance-and-what-does-it-actually-cover Title insurance protects against ownership problems like liens or document errors that surface after closing. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-why-are-closing-costs-so-high-what-are-the-biggest-buckets-that-drive-them https://homebuyer.com/learn/closing-costs-why-are-closing-costs-so-high-what-are-the-biggest-buckets-that-drive-them Closing costs come from loan fees, title insurance, and prepaid expenses. Check your Loan Estimate for the breakdown. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-why-can-my-mortgage-payment-go-up-after-closing-if-my-rate-is-fixed https://homebuyer.com/learn/closing-costs-why-can-my-mortgage-payment-go-up-after-closing-if-my-rate-is-fixed Fixed rates lock principal and interest, but taxes and insurance in escrow can increase your total monthly payment. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-why-cant-the-seller-just-give-me-cash-instead-of-credits https://homebuyer.com/learn/closing-costs-why-cant-the-seller-just-give-me-cash-instead-of-credits Mortgage regulations prevent cash payments from sellers. Credits reduce closing costs as tracked line items instead of cash. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-why-does-my-cash-to-close-keep-changing-every-time-i-get-an-updated-estimate https://homebuyer.com/learn/closing-costs-why-does-my-cash-to-close-keep-changing-every-time-i-get-an-updated-estimate Cash-to-close changes as lenders update loan amounts, rates, taxes, insurance estimates, and escrow calculations throughout the process. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-why-does-my-servicer-estimate-my-taxes-differently-than-my-county-bill https://homebuyer.com/learn/closing-costs-why-does-my-servicer-estimate-my-taxes-differently-than-my-county-bill Servicers estimate annual taxes for monthly escrow while counties bill in installments with different timing and methods. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/closing-costs-why-is-my-closing-date-dependent-on-the-lender-instead-of-the-contract https://homebuyer.com/learn/closing-costs-why-is-my-closing-date-dependent-on-the-lender-instead-of-the-contract Lenders control closing dates because they need time for underwriting, appraisals, and loan document preparation. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionClosing Process https://homebuyer.com/learn/conventional-loans-how-do-lenders-price-condos-differently-than-single-family-homes https://homebuyer.com/learn/conventional-loans-how-do-lenders-price-condos-differently-than-single-family-homes Lenders typically add 0.125% to 0.375% to condo interest rates compared to single-family homes due to higher perceived risk. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionConventional Loans https://homebuyer.com/learn/conventional-loans-what-kinds-of-condo-issues-make-financing-harder-warrantability-hoa-etc https://homebuyer.com/learn/conventional-loans-what-kinds-of-condo-issues-make-financing-harder-warrantability-hoa-etc High investor ownership, HOA financial issues, litigation, and deferred maintenance can make condo financing harder with conventional loans. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionConventional Loans https://homebuyer.com/learn/conventional-loans-whats-the-difference-between-conventional-fha-va-and-usda-in-plain-english https://homebuyer.com/learn/conventional-loans-whats-the-difference-between-conventional-fha-va-and-usda-in-plain-english Conventional loans need higher credit/down payments. FHA, VA, USDA are government-backed with lower requirements but eligibility rules. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionConventional Loans https://homebuyer.com/learn/credit-score-for-mortgage-am-i-going-to-mess-things-up-if-i-pay-off-a-credit-card-right-before-closing https://homebuyer.com/learn/credit-score-for-mortgage-am-i-going-to-mess-things-up-if-i-pay-off-a-credit-card-right-before-closing Paying off credit cards before closing can affect your mortgage approval depending on timing and bank account impact. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionCredit Scores https://homebuyer.com/learn/credit-score-for-mortgage-did-i-screw-myself-by-opening-a-new-credit-card https://homebuyer.com/learn/credit-score-for-mortgage-did-i-screw-myself-by-opening-a-new-credit-card A new credit card can temporarily lower your score and change your debt-to-income ratio, but the impact depends on timing. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionCredit Scores https://homebuyer.com/learn/credit-score-for-mortgage-if-i-buy-a-car-right-now-what-exactly-changes-in-my-loan https://homebuyer.com/learn/credit-score-for-mortgage-if-i-buy-a-car-right-now-what-exactly-changes-in-my-loan A car purchase raises your debt-to-income ratio and may lower your credit score, both affecting mortgage loan approval. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionCredit Scores https://homebuyer.com/learn/credit-score-for-mortgage-im-worried-about-my-credit-score-what-parts-of-my-report-matter-most-for-mortgages https://homebuyer.com/learn/credit-score-for-mortgage-im-worried-about-my-credit-score-what-parts-of-my-report-matter-most-for-mortgages Credit scores, payment history, and credit utilization matter most. Lenders check all three bureaus and use the middle score. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionCredit Scores https://homebuyer.com/learn/credit-score-for-mortgage-is-it-bad-if-i-open-a-new-card-while-im-house-hunting https://homebuyer.com/learn/credit-score-for-mortgage-is-it-bad-if-i-open-a-new-card-while-im-house-hunting Opening new credit cards while house hunting can affect mortgage approval. Lenders check credit multiple times during the process. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionCredit Scores https://homebuyer.com/learn/credit-score-for-mortgage-why-did-my-mortgage-score-differ-from-what-i-see-on-credit-karma https://homebuyer.com/learn/credit-score-for-mortgage-why-did-my-mortgage-score-differ-from-what-i-see-on-credit-karma Credit Karma uses VantageScore while mortgage lenders use FICO scores—different models that calculate scores differently. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionCredit Scores https://homebuyer.com/learn/credit-score-for-mortgage-why-do-people-say-not-to-buy-furniture-before-closing-whats-the-actual-risk https://homebuyer.com/learn/credit-score-for-mortgage-why-do-people-say-not-to-buy-furniture-before-closing-whats-the-actual-risk Furniture purchases can lower credit scores and increase debt ratios, potentially affecting mortgage approval during pre-closing checks. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionCredit Scores https://homebuyer.com/learn/credit-score-for-mortgage-why-does-the-lender-do-a-credit-refresh-right-before-closing https://homebuyer.com/learn/credit-score-for-mortgage-why-does-the-lender-do-a-credit-refresh-right-before-closing Lenders verify your credit before closing to confirm your financial situation hasn't changed since loan approval. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionCredit Scores https://homebuyer.com/learn/down-payment-do-i-need-a-20-down-payment-or-is-that-outdated https://homebuyer.com/learn/down-payment-do-i-need-a-20-down-payment-or-is-that-outdated No, 20% down isn't required. Many loans allow 3% down or less, though you may pay mortgage insurance with smaller amounts. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionDown Payment https://homebuyer.com/learn/down-payment-if-my-home-value-increased-whats-the-standard-process-to-request-pmi-removal-based-on-appraisal https://homebuyer.com/learn/down-payment-if-my-home-value-increased-whats-the-standard-process-to-request-pmi-removal-based-on-appraisal Contact your loan servicer in writing to request PMI removal, typically requiring an appraisal when loan balance hits 80% of home value. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionDown Payment https://homebuyer.com/learn/down-payment-is-pmi-always-a-ripoff-or-does-it-sometimes-make-sense-mechanically https://homebuyer.com/learn/down-payment-is-pmi-always-a-ripoff-or-does-it-sometimes-make-sense-mechanically PMI can make sense when home prices rise faster than you can save or when you want to preserve cash for other needs. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionDown Payment https://homebuyer.com/learn/down-payment-is-pmi-just-throwing-money-away https://homebuyer.com/learn/down-payment-is-pmi-just-throwing-money-away PMI protects lenders when you put down less than 20%. It's removable once you reach 20% equity and helps buyers purchase sooner. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionDown Payment https://homebuyer.com/learn/down-payment-pmi-removal-feels-arbitrary-what-are-the-actual-rules-and-triggers https://homebuyer.com/learn/down-payment-pmi-removal-feels-arbitrary-what-are-the-actual-rules-and-triggers PMI removes automatically at 78% loan-to-value, or by request at 80%. Federal rules govern the process but lenders set requirements. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionDown Payment https://homebuyer.com/learn/down-payment-what-are-the-actual-triggers-to-remove-pmi-78-automatic-80-request-seasoning-and-what-documents-are-required https://homebuyer.com/learn/down-payment-what-are-the-actual-triggers-to-remove-pmi-78-automatic-80-request-seasoning-and-what-documents-are-required PMI removes automatically at 78% LTV or by request at 80% LTV with appraisal, tax records, and payment history documentation. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionDown Payment https://homebuyer.com/learn/down-payment-whats-the-difference-between-pmi-and-mip-and-why-do-people-hate-mip https://homebuyer.com/learn/down-payment-whats-the-difference-between-pmi-and-mip-and-why-do-people-hate-mip PMI cancels at 20% equity while MIP on FHA loans lasts 11 years minimum or the full loan term, causing refinancing. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionDown Payment https://homebuyer.com/learn/fha-loans-why-do-fha-loans-have-that-upfront-mip-fee-where-does-that-go https://homebuyer.com/learn/fha-loans-why-do-fha-loans-have-that-upfront-mip-fee-where-does-that-go FHA upfront MIP goes to the Federal Housing Administration to fund insurance that protects lenders from defaults. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionFHA Loans https://homebuyer.com/learn/mortgage-pre-approval-am-i-going-to-mess-up-my-loan-if-i-change-jobs-right-now https://homebuyer.com/learn/mortgage-pre-approval-am-i-going-to-mess-up-my-loan-if-i-change-jobs-right-now Job changes require lender approval and new docs. Impact depends on timing, salary, and how close you are to closing. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionPre-Approval https://homebuyer.com/learn/mortgage-pre-approval-can-i-use-wedding-gift-money-or-cash-gifts-or-does-it-have-to-be-seasoned https://homebuyer.com/learn/mortgage-pre-approval-can-i-use-wedding-gift-money-or-cash-gifts-or-does-it-have-to-be-seasoned Wedding gifts and cash gifts can be used without seasoning, but lenders require gift letters and documentation. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionPre-Approval https://homebuyer.com/learn/mortgage-pre-approval-how-does-a-lender-calculate-income-for-commission-or-variable-pay https://homebuyer.com/learn/mortgage-pre-approval-how-does-a-lender-calculate-income-for-commission-or-variable-pay Lenders average commission income over two years using tax returns and pay stubs to determine qualifying income for mortgages. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionPre-Approval https://homebuyer.com/learn/mortgage-pre-approval-how-does-the-lender-verify-gift-funds-if-the-donor-transfers-from-multiple-accounts https://homebuyer.com/learn/mortgage-pre-approval-how-does-the-lender-verify-gift-funds-if-the-donor-transfers-from-multiple-accounts Lenders require bank statements from every account the donor uses, plus documentation showing how funds moved from multiple sources. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionPre-Approval https://homebuyer.com/learn/mortgage-pre-approval-i-changed-jobs-recently-does-that-automatically-cause-problems https://homebuyer.com/learn/mortgage-pre-approval-i-changed-jobs-recently-does-that-automatically-cause-problems Job changes don't automatically cause mortgage problems. Lenders need new employment verification and documentation. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionPre-Approval https://homebuyer.com/learn/mortgage-pre-approval-i-moved-money-between-accounts-am-i-going-to-get-flagged-for-large-deposits https://homebuyer.com/learn/mortgage-pre-approval-i-moved-money-between-accounts-am-i-going-to-get-flagged-for-large-deposits Moving money between your own accounts usually doesn't flag as a large deposit since lenders can track internal transfers. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionPre-Approval https://homebuyer.com/learn/mortgage-pre-approval-im-salaried-but-sometimes-get-bonuses-do-those-count https://homebuyer.com/learn/mortgage-pre-approval-im-salaried-but-sometimes-get-bonuses-do-those-count Lenders count bonus income if you have a two-year history and can show bonuses will likely continue in the future. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionPre-Approval https://homebuyer.com/learn/mortgage-pre-approval-im-stressed-about-my-bank-account-why-do-they-care-about-every-deposit https://homebuyer.com/learn/mortgage-pre-approval-im-stressed-about-my-bank-account-why-do-they-care-about-every-deposit Lenders examine deposits to verify income sources and ensure down payment funds come from approved sources, not borrowed money. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionPre-Approval https://homebuyer.com/learn/mortgage-pre-approval-im-using-gift-money-why-does-the-lender-want-a-gift-letter https://homebuyer.com/learn/mortgage-pre-approval-im-using-gift-money-why-does-the-lender-want-a-gift-letter Lenders need gift letters to verify money is a true gift, not a loan, and document the giver's relationship to you. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionPre-Approval https://homebuyer.com/learn/mortgage-pre-approval-is-it-normal-that-the-lender-wants-two-months-of-bank-statements https://homebuyer.com/learn/mortgage-pre-approval-is-it-normal-that-the-lender-wants-two-months-of-bank-statements Yes, lenders commonly request two months of bank statements to verify income, assets, and spending patterns during approval. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionPre-Approval https://homebuyer.com/learn/mortgage-pre-approval-my-lender-says-reserve-requirements-what-counts-as-reserves https://homebuyer.com/learn/mortgage-pre-approval-my-lender-says-reserve-requirements-what-counts-as-reserves Reserves are liquid assets beyond your down payment. Cash, investments, and some retirement funds count toward requirements. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionPre-Approval https://homebuyer.com/learn/mortgage-pre-approval-why-do-they-care-about-seasoning-of-funds https://homebuyer.com/learn/mortgage-pre-approval-why-do-they-care-about-seasoning-of-funds Lenders require 60-day "seasoned" funds to verify legitimate sources and comply with lending guidelines and regulations. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionPre-Approval https://homebuyer.com/learn/mortgage-pre-approval-why-does-the-lender-care-about-my-job-history-so-much https://homebuyer.com/learn/mortgage-pre-approval-why-does-the-lender-care-about-my-job-history-so-much Lenders check job history to verify income stability and assess your ability to make consistent mortgage payments over time. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionPre-Approval https://homebuyer.com/learn/mortgage-pre-approval-why-does-the-lender-care-about-where-my-down-payment-money-came-from https://homebuyer.com/learn/mortgage-pre-approval-why-does-the-lender-care-about-where-my-down-payment-money-came-from Lenders verify down payment sources to meet federal regulations and ensure funds are legitimate and properly documented. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionPre-Approval https://homebuyer.com/learn/mortgage-rates-are-discount-points-refundable-if-the-loan-doesnt-close https://homebuyer.com/learn/mortgage-rates-are-discount-points-refundable-if-the-loan-doesnt-close Discount points are typically paid at closing, so if your loan doesn't close, you usually haven't paid them yet. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-how-do-i-compare-two-offers-if-one-has-a-lower-rate-but-higher-fees https://homebuyer.com/learn/mortgage-rates-how-do-i-compare-two-offers-if-one-has-a-lower-rate-but-higher-fees Calculate total cost over your timeline by adding upfront fees to interest costs. Check Loan Estimates for rates and closing costs. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-how-do-llpas-risk-based-pricing-adjustments-affect-conventional-rates-and-fees https://homebuyer.com/learn/mortgage-rates-how-do-llpas-risk-based-pricing-adjustments-affect-conventional-rates-and-fees LLPAs adjust conventional rates based on credit score, down payment, and loan type—shown in your final rate on the Loan Estimate. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-how-does-a-2-1-buydown-actually-apply-to-the-payment-and-interest https://homebuyer.com/learn/mortgage-rates-how-does-a-2-1-buydown-actually-apply-to-the-payment-and-interest A 2-1 buydown reduces your rate by 2 points year one, 1 point year two, lowering payments before returning to original rate. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-i-keep-hearing-about-points-are-points-the-same-thing-as-fees https://homebuyer.com/learn/mortgage-rates-i-keep-hearing-about-points-are-points-the-same-thing-as-fees Points are optional fees to lower your rate; fees include all loan costs. Each point costs 1% of loan amount, reduces rate ~0.25%. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-if-a-seller-pays-for-a-buydown-where-does-that-show-up-on-the-closing-docs https://homebuyer.com/learn/mortgage-rates-if-a-seller-pays-for-a-buydown-where-does-that-show-up-on-the-closing-docs Seller-paid buydowns appear as seller credits in Section L of your Closing Disclosure and in the loan details on page one. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-if-one-lender-offers-credits-how-do-i-normalize-both-quotes-to-apples-to-apples https://homebuyer.com/learn/mortgage-rates-if-one-lender-offers-credits-how-do-i-normalize-both-quotes-to-apples-to-apples Compare total costs over time: monthly payments plus remaining closing costs after credits to find the better deal. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-if-rates-drop-after-i-lock-do-i-get-the-lower-rate-automatically https://homebuyer.com/learn/mortgage-rates-if-rates-drop-after-i-lock-do-i-get-the-lower-rate-automatically No, rate locks protect against rate increases but don't automatically give you lower rates if they drop after you lock. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-is-a-2-1-buydown-basically-smoke-and-mirrors https://homebuyer.com/learn/mortgage-rates-is-a-2-1-buydown-basically-smoke-and-mirrors A 2-1 buydown costs money upfront for temporary rate reductions. The savings often don't offset the total cost over the loan term. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-is-a-2-1-buydown-mostly-marketing-and-what-numbers-actually-determine-whether-it-helps https://homebuyer.com/learn/mortgage-rates-is-a-2-1-buydown-mostly-marketing-and-what-numbers-actually-determine-whether-it-helps A 2-1 buydown saves money if you move/refinance soon, but check the upfront cost versus your two-year payment savings. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-is-an-arm-risky-or-is-that-overblown https://homebuyer.com/learn/mortgage-rates-is-an-arm-risky-or-is-that-overblown ARMs can be risky since rates adjust after the initial period, but rate caps limit increases. Risk depends on your timeline. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-is-it-bad-if-i-apply-with-two-lenders https://homebuyer.com/learn/mortgage-rates-is-it-bad-if-i-apply-with-two-lenders No, applying with multiple lenders within 14-45 days counts as one credit inquiry and helps you compare rates and terms. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-is-my-rate-locked-or-not-and-how-do-i-verify-it https://homebuyer.com/learn/mortgage-rates-is-my-rate-locked-or-not-and-how-do-i-verify-it Check your rate lock agreement or Loan Estimate Section A, then contact your lender to verify the rate and expiration date. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-my-lender-is-pushing-a-float-down-whats-the-fine-print https://homebuyer.com/learn/mortgage-rates-my-lender-is-pushing-a-float-down-whats-the-fine-print Float-downs cost 0.125-0.25% upfront, have timing rules, and let you lock lower rates if they drop after your original lock. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-my-lender-quoted-one-rate-and-the-loan-estimate-shows-another-how-can-that-happen https://homebuyer.com/learn/mortgage-rates-my-lender-quoted-one-rate-and-the-loan-estimate-shows-another-how-can-that-happen Rates change daily between quotes and Loan Estimates. Lenders usually lock rates only after issuing official documents. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-my-payment-estimate-changed-what-causes-that https://homebuyer.com/learn/mortgage-rates-my-payment-estimate-changed-what-causes-that Payment estimates change due to interest rate fluctuations, updated property taxes, insurance costs, or loan amount shifts. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-points-feel-like-a-trick-how-do-i-calculate-the-break-even-on-discount-points https://homebuyer.com/learn/mortgage-rates-points-feel-like-a-trick-how-do-i-calculate-the-break-even-on-discount-points Divide the cost of discount points by monthly payment savings to find your break-even point in months. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-points-feel-like-a-trick-how-do-i-tell-if-buying-down-the-rate-is-worth-it https://homebuyer.com/learn/mortgage-rates-points-feel-like-a-trick-how-do-i-tell-if-buying-down-the-rate-is-worth-it Calculate break-even by dividing point costs by monthly savings. Points work if you'll stay longer than break-even period. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-this-rate-feels-too-high-what-actually-determines-the-rate-i-qualify-for https://homebuyer.com/learn/mortgage-rates-this-rate-feels-too-high-what-actually-determines-the-rate-i-qualify-for Credit score, loan-to-value ratio, debt-to-income ratio, employment history, and loan type determine your mortgage rate. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-whats-a-float-down-and-what-terms-should-i-look-for-in-the-lock-agreement https://homebuyer.com/learn/mortgage-rates-whats-a-float-down-and-what-terms-should-i-look-for-in-the-lock-agreement A float-down lets you get a lower rate if mortgage rates drop during your lock period, usually for a fee with specific terms. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-whats-the-cleanest-way-to-compare-mortgages-using-the-loan-estimate-pages https://homebuyer.com/learn/mortgage-rates-whats-the-cleanest-way-to-compare-mortgages-using-the-loan-estimate-pages Use Loan Estimate pages 1-3 to compare interest rates, fees, and closing costs across lenders on standardized forms. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-whats-the-difference-between-a-rate-lock-and-a-lock--renegotiate-policy https://homebuyer.com/learn/mortgage-rates-whats-the-difference-between-a-rate-lock-and-a-lock--renegotiate-policy A rate lock freezes your rate; lock + renegotiate lets you capture lower rates that come up before closing, usually for a fee. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-whats-the-difference-between-apr-and-interest-rate-and-why-is-apr-higher https://homebuyer.com/learn/mortgage-rates-whats-the-difference-between-apr-and-interest-rate-and-why-is-apr-higher Interest rate sets monthly payments; APR includes rate plus fees. APR is higher because it shows total borrowing costs. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-whats-the-difference-between-locking-a-rate-and-hedging-strategies-lenders-use-how-does-that-show-up-in-pricing https://homebuyer.com/learn/mortgage-rates-whats-the-difference-between-locking-a-rate-and-hedging-strategies-lenders-use-how-does-that-show-up-in-pricing Rate locks guarantee your rate; lender hedging manages their risk. Both costs affect the rates you see when shopping. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-whats-the-difference-between-temporary-buydowns-and-discount-points https://homebuyer.com/learn/mortgage-rates-whats-the-difference-between-temporary-buydowns-and-discount-points Temporary buydowns reduce rates for 1-3 years then reset; discount points permanently lower rates for the loan term. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-why-does-my-apr-look-worse-when-im-paying-points https://homebuyer.com/learn/mortgage-rates-why-does-my-apr-look-worse-when-im-paying-points APR includes upfront point costs spread over the loan term, making it appear higher despite your lower interest rate. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/mortgage-rates-why-does-my-rate-keep-changing-every-day-are-they-playing-games https://homebuyer.com/learn/mortgage-rates-why-does-my-rate-keep-changing-every-day-are-they-playing-games Mortgage rates change daily based on bond market activity and economic conditions. Rate locks protect you from fluctuations. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionMortgage Rates https://homebuyer.com/learn/refinance-heloc-vs-cash-out-refi-whats-the-real-cost-difference-over-time https://homebuyer.com/learn/refinance-heloc-vs-cash-out-refi-whats-the-real-cost-difference-over-time HELOCs have lower upfront costs but variable rates; cash-out refis cost more upfront but offer fixed rates. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionRefinancing https://homebuyer.com/learn/refinance-how-do-i-compare-heloc-vs-cash-out-refi-using-total-cost-and-rate-structure https://homebuyer.com/learn/refinance-how-do-i-compare-heloc-vs-cash-out-refi-using-total-cost-and-rate-structure Compare upfront costs, interest rate structures, and total costs over your expected timeline to choose between HELOC and cash-out refi. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionRefinancing https://homebuyer.com/learn/refinance-how-do-i-evaluate-a-refinance-when-im-paying-points-whats-the-break-even-method-thats-not-misleading https://homebuyer.com/learn/refinance-how-do-i-evaluate-a-refinance-when-im-paying-points-whats-the-break-even-method-thats-not-misleading Compare total costs over realistic timeframes rather than just dividing points cost by monthly payment savings. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionRefinancing https://homebuyer.com/learn/refinance-is-cash-out-refi-a-bad-idea-if-i-might-move-in-a-few-years https://homebuyer.com/learn/refinance-is-cash-out-refi-a-bad-idea-if-i-might-move-in-a-few-years Consider closing costs and break-even timeline. The cash is immediate, but you need time to recover upfront costs. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionRefinancing https://homebuyer.com/learn/refinance-what-are-the-main-refinance-structures-rate-and-term-cash-out-and-streamline-and-what-rules-change https://homebuyer.com/learn/refinance-what-are-the-main-refinance-structures-rate-and-term-cash-out-and-streamline-and-what-rules-change Rate-and-term refinances change rates/terms, cash-out lets you borrow extra, streamline programs simplify government loan refinances. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionRefinancing https://homebuyer.com/learn/refinance-when-does-refinancing-usually-reduce-total-interest-cost-versus-just-resetting-the-clock https://homebuyer.com/learn/refinance-when-does-refinancing-usually-reduce-total-interest-cost-versus-just-resetting-the-clock Refinancing reduces total interest when you get a lower rate and stay past the break-even point for closing costs. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionRefinancing https://homebuyer.com/learn/refinance-why-did-my-refinance-quote-look-great-until-fees-showed-up https://homebuyer.com/learn/refinance-why-did-my-refinance-quote-look-great-until-fees-showed-up Lenders advertise low rates but closing costs add thousands. Compare Loan Estimates to see all fees and negotiate better terms. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionRefinancing https://homebuyer.com/learn/refinance-why-do-refinance-quotes-look-great-until-the-closing-costs-show-up-what-fees-are-unavoidable https://homebuyer.com/learn/refinance-why-do-refinance-quotes-look-great-until-the-closing-costs-show-up-what-fees-are-unavoidable Unavoidable refinance fees include appraisal, credit report, title search, and origination fees that cover lender processing work. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionRefinancing https://homebuyer.com/learn/underwriting-are-they-going-to-check-my-employment-again-before-closing https://homebuyer.com/learn/underwriting-are-they-going-to-check-my-employment-again-before-closing Yes, lenders typically verify employment again within days of closing to confirm your job and income remain stable. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionUnderwriting https://homebuyer.com/learn/underwriting-how-does-an-underwriter-view-cash-deposits-compared-to-transfers https://homebuyer.com/learn/underwriting-how-does-an-underwriter-view-cash-deposits-compared-to-transfers Cash deposits require more documentation than transfers since underwriters can't easily verify the money source from statements. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionUnderwriting https://homebuyer.com/learn/underwriting-how-does-underwriting-evaluate-self-employment-income-and-determine-what-counts https://homebuyer.com/learn/underwriting-how-does-underwriting-evaluate-self-employment-income-and-determine-what-counts Underwriters review 2 years of tax returns, calculate net income plus add-backs like depreciation, then average for qualifying income. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionUnderwriting https://homebuyer.com/learn/underwriting-im-freaking-out-what-does-it-mean-when-my-lender-says-my-file-is-in-underwriting https://homebuyer.com/learn/underwriting-im-freaking-out-what-does-it-mean-when-my-lender-says-my-file-is-in-underwriting Underwriting means a mortgage professional reviews your complete loan application to decide whether the lender approves your loan. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionUnderwriting https://homebuyer.com/learn/underwriting-my-lender-said-clear-to-close-is-that-final-final https://homebuyer.com/learn/underwriting-my-lender-said-clear-to-close-is-that-final-final Clear to close means underwriting approved your loan and you can schedule closing, but final steps remain before funding. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionUnderwriting https://homebuyer.com/learn/underwriting-the-lender-asked-for-a-letter-of-explanation-is-that-a-red-flag https://homebuyer.com/learn/underwriting-the-lender-asked-for-a-letter-of-explanation-is-that-a-red-flag Letter of explanation requests are normal during underwriting. They help underwriters clarify items in your application. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionUnderwriting https://homebuyer.com/learn/underwriting-the-seller-wants-a-quick-close-what-actually-speeds-up-or-slows-down-the-loan https://homebuyer.com/learn/underwriting-the-seller-wants-a-quick-close-what-actually-speeds-up-or-slows-down-the-loan Complete docs, simple finances, and fast appraisals speed up loans. Missing paperwork and complex income slow things down. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionUnderwriting https://homebuyer.com/learn/underwriting-what-counts-as-a-large-deposit-and-what-documentation-usually-satisfies-it https://homebuyer.com/learn/underwriting-what-counts-as-a-large-deposit-and-what-documentation-usually-satisfies-it Large deposits are usually 25%+ of monthly income. Documentation needed: gift letters, employer letters, or sale contracts. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionUnderwriting https://homebuyer.com/learn/underwriting-what-does-conditional-approval-actually-mean https://homebuyer.com/learn/underwriting-what-does-conditional-approval-actually-mean Conditional approval means the underwriter will approve your loan once you provide specific required documents or information. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionUnderwriting https://homebuyer.com/learn/underwriting-what-does-it-mean-when-the-loan-is-sent-to-closing https://homebuyer.com/learn/underwriting-what-does-it-mean-when-the-loan-is-sent-to-closing Your loan cleared underwriting and moved to the closing department, where final documents are prepared for your appointment. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionUnderwriting https://homebuyer.com/learn/underwriting-what-triggers-a-file-to-get-flagged-for-manual-underwriting https://homebuyer.com/learn/underwriting-what-triggers-a-file-to-get-flagged-for-manual-underwriting Credit scores below 620, high debt ratios, employment gaps, self-employment, and property issues trigger manual underwriting review. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionUnderwriting https://homebuyer.com/learn/underwriting-whats-the-difference-between-du-and-lp-automated-underwriting-findings https://homebuyer.com/learn/underwriting-whats-the-difference-between-du-and-lp-automated-underwriting-findings DU and LP are automated underwriting systems from Fannie Mae and Freddie Mac that evaluate loans using different algorithms. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionUnderwriting https://homebuyer.com/learn/underwriting-why-are-they-asking-for-my-pay-stubs-again-when-i-already-uploaded-them https://homebuyer.com/learn/underwriting-why-are-they-asking-for-my-pay-stubs-again-when-i-already-uploaded-them Lenders need pay stubs dated within 30 days of closing, or when verifying employment changes since your initial application. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionUnderwriting https://homebuyer.com/learn/underwriting-why-do-i-have-to-explain-random-stuff-like-venmo-payments https://homebuyer.com/learn/underwriting-why-do-i-have-to-explain-random-stuff-like-venmo-payments Lenders review all deposits to verify income sources and ensure transactions don't represent undisclosed debt or borrowed funds. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionUnderwriting https://homebuyer.com/learn/underwriting-why-do-underwriters-average-income-over-time-whats-the-rule-logic https://homebuyer.com/learn/underwriting-why-do-underwriters-average-income-over-time-whats-the-rule-logic Underwriters average 2 years of income to measure stability and predict future earnings, not short-term fluctuations. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionUnderwriting https://homebuyer.com/learn/underwriting-why-is-underwriting-asking-for-the-same-thing-twice https://homebuyer.com/learn/underwriting-why-is-underwriting-asking-for-the-same-thing-twice Underwriters request duplicate docs because files move between teams, documents expire, or they need fresh verification. Wed, 04 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) reader-questionUnderwriting https://homebuyer.com/economic-calendar https://homebuyer.com/economic-calendar Track the economic events that move mortgage rates. Sun, 01 Feb 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/congress/stopping-wall-street-from-competing-with-main-street-homebuyers-act https://homebuyer.com/congress/stopping-wall-street-from-competing-with-main-street-homebuyers-act A bill designed to reduce large-investor competition for single-family homes. Thu, 22 Jan 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/congress/principal-residence-gain-exclusion https://homebuyer.com/congress/principal-residence-gain-exclusion A bill to remove the dollar cap on the home-sale gain exclusion for a principal residence. Tue, 13 Jan 2026 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyhomeownerstaxes2025 legislation https://homebuyer.com/news/2025-12-10/get-sellers-to-pay-your-closing-costs https://homebuyer.com/news/2025-12-10/get-sellers-to-pay-your-closing-costs The typical home buyer pays 2.06% in closing costs. Use Seller Concessions to get the seller to pay some or all of those closing costs on your behalf. Wed, 10 Dec 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-ratesfirst-time-buyersdown-paymentreal-estate https://homebuyer.com/news/2025-12-09/the-fed-could-lower-rates-by-025-but-what-about-mortgage-rat https://homebuyer.com/news/2025-12-09/the-fed-could-lower-rates-by-025-but-what-about-mortgage-rat The Fed may lower rates by 0.25% to 3.75%, but mortgage rates might not follow suit, depending on future policy signals. Source: Homebuyer.com Tue, 09 Dec 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-ratesfederal-reservefirst-time-buyersdown-paymentreal-estate https://homebuyer.com/news/2025-12-08/why-do-people-buy-homes-its-not-because-of-mortgage-rates https://homebuyer.com/news/2025-12-08/why-do-people-buy-homes-its-not-because-of-mortgage-rates A National Association of REALTORS® survey shows 25% of home buyers seek ownership, while only 2% cite financial security as a reason. Mon, 08 Dec 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-ratesfirst-time-buyersdown-paymentreal-estate https://homebuyer.com/news/2025-12-05/the-government-wont-issue-the-december-jobs-report https://homebuyer.com/news/2025-12-05/the-government-wont-issue-the-december-jobs-report December jobs report delayed; no updates on job creation, unemployment rate, or wage earnings ahead of the Fed's meeting next week. Fri, 05 Dec 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-ratesfirst-time-buyersdown-paymentreal-estate https://homebuyer.com/news/2025-12-04/mortgage-discounts-for-taking-homeownership-counseling-class https://homebuyer.com/news/2025-12-04/mortgage-discounts-for-taking-homeownership-counseling-class Bipartisan bill HR 6125 lowers mortgage insurance by 0.25% for first-time buyers completing counseling, saving $50/month on $250K loans. Thu, 04 Dec 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-ratesfirst-time-buyersdown-paymentreal-estate https://homebuyer.com/news/2025-12-03/no-first-time-home-buyers-arent-40-years-old-now https://homebuyer.com/news/2025-12-03/no-first-time-home-buyers-arent-40-years-old-now Claims of first-time home buyers being 40 years old are disputed; alternative data shows typical buyers are in their low-30s (Census Bureau). Wed, 03 Dec 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-ratesfirst-time-buyersdown-paymentreal-estate https://homebuyer.com/news/2025-12-02/reduced-mortgage-rates-for-4-lucky-us-counties https://homebuyer.com/news/2025-12-02/reduced-mortgage-rates-for-4-lucky-us-counties Four U.S. counties receive higher loan limits for 2026, totaling 160 counties above baseline mortgage limits. Source: Homebuyer.com. Tue, 02 Dec 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-ratesfirst-time-buyersdown-paymentreal-estate https://homebuyer.com/news/2025-12-01/the-pre-approval-rush-is-begun-the-unofficial-start-to-housi https://homebuyer.com/news/2025-12-01/the-pre-approval-rush-is-begun-the-unofficial-start-to-housi The housing season starts post-Thanksgiving; mortgage rates down 5/8ths from last year, making it a good time for first-time buyers to explore options. Mon, 01 Dec 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-ratesfirst-time-buyersdown-paymentreal-estate https://homebuyer.com/news/2025-11-26/us-home-buyers-buck-the-housing-headlines https://homebuyer.com/news/2025-11-26/us-home-buyers-buck-the-housing-headlines October saw a 2% rise in home contracts; 19% sold above list price, per the National Association of REALTORS®. Wed, 26 Nov 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-ratesfirst-time-buyersdown-paymentreal-estate https://homebuyer.com/news/2025-11-25/announced-2026-mortgage-loan-limits https://homebuyer.com/news/2025-11-25/announced-2026-mortgage-loan-limits 2026 conforming mortgage loan limits: $832,750 for 1-unit homes, $1,066,250 for 2-units, $1,288,800 for 3-units, and $1,601,750 for 4-units. Tue, 25 Nov 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-ratesfirst-time-buyersdown-paymentreal-estate https://homebuyer.com/news/2025-11-24/2026-mortgage-loan-limits-releasing-tuesday-november-25-2025 https://homebuyer.com/news/2025-11-24/2026-mortgage-loan-limits-releasing-tuesday-november-25-2025 New mortgage loan limits for 2026 will be released on November 25, 2025, affecting conforming, FHA, VA, and USDA loans by county. Mon, 24 Nov 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-rateshome-pricesfirst-time-buyersdown-paymentreal-estate https://homebuyer.com/news/2025-11-21/more-first-time-home-buyers-fewer-investors-nar-existing-hom https://homebuyer.com/news/2025-11-21/more-first-time-home-buyers-fewer-investors-nar-existing-hom NAR reports October Existing Home Sales at 4.1 million, with more first-time buyers and fewer investors. Sales under $500,000 dominate. Fri, 21 Nov 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-rateshousing-inventoryfirst-time-buyersdown-paymentreal-estate https://homebuyer.com/news/2025-11-20/the-fed-wont-get-data-for-its-next-interest-rate-decision https://homebuyer.com/news/2025-11-20/the-fed-wont-get-data-for-its-next-interest-rate-decision Mortgage rates ease as jobs report shows double expected new jobs, but unemployment rises; Fed may adopt a wait-and-see approach. Source: Bureau of Labor Statistics. Thu, 20 Nov 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-ratesfederal-reservefirst-time-buyersdown-paymentreal-estate https://homebuyer.com/congress/housing-financial-literacy-act https://homebuyer.com/congress/housing-financial-literacy-act The Housing Financial Literacy Act of 2025 is a bill to reduce FHA mortgage insurance premiums by 25 basis points for first-time homebuyers who complete financial literacy housing counseling. Wed, 19 Nov 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) first-time home buyerFHAmortgage insurancefinancial literacyhousing counseling2025 legislation https://homebuyer.com/news/2025-11-19/where-people-are-buying-second-homes-in-the-us https://homebuyer.com/news/2025-11-19/where-people-are-buying-second-homes-in-the-us Top U.S. cities for second homes include Stone Harbor, NJ, with 89% vacation home sales. Wed, 19 Nov 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-ratesfirst-time-buyersdown-paymentreal-estate https://homebuyer.com/news/2025-11-18/homebuilders-slashing-prices-for-interested-buyers https://homebuyer.com/news/2025-11-18/homebuilders-slashing-prices-for-interested-buyers The National Association of Homebuilders reports 41% of builders cut prices and 66% offered incentives in November 2025. Tue, 18 Nov 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing-news https://homebuyer.com/news/2025-11-17/can-we-trust-the-jobs-report https://homebuyer.com/news/2025-11-17/can-we-trust-the-jobs-report The September jobs report is set for release on November 19, with concerns about its accuracy following the Bureau of Labor Statistics head's firing. Mon, 17 Nov 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing-news https://homebuyer.com/news/2025-11-12/portable-mortgage-convo-dead-on-arrival https://homebuyer.com/news/2025-11-12/portable-mortgage-convo-dead-on-arrival Experts dismiss the idea of portable mortgages, citing securitization issues and lender profit motives as major obstacles. Wed, 12 Nov 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing-news https://homebuyer.com/news/2025-11-10/what-every-mortgage-person-thinks-about-the-50-year-mortgage https://homebuyer.com/news/2025-11-10/what-every-mortgage-person-thinks-about-the-50-year-mortgage Experts believe 50-year mortgages are a distraction, lacking market infrastructure for mass adoption. Mon, 10 Nov 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing-news https://homebuyer.com/news/2025-11-06/fannie-mae-were-getting-rid-of-the-620-fico-score-requiremen https://homebuyer.com/news/2025-11-06/fannie-mae-were-getting-rid-of-the-620-fico-score-requiremen Fannie Mae will eliminate minimum credit score requirements for mortgages starting November 16, 2025, previously set at 620. Thu, 06 Nov 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing-news https://homebuyer.com/news/2025-11-04/election-day-us-cities-ranked-by-political-leanings https://homebuyer.com/news/2025-11-04/election-day-us-cities-ranked-by-political-leanings Cities ranked by political leanings and lifestyle factors using MIT Election Data, showing opportunities across the political spectrum. Tue, 04 Nov 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing-news https://homebuyer.com/news/2025-11-03/this-isnt-2005-mortgage-arms-are-fine https://homebuyer.com/news/2025-11-03/this-isnt-2005-mortgage-arms-are-fine ARMs now offer fixed rates for five years and may save borrowers 0.500 to 0.750 percentage points annually, according to Homebuyer.com. Mon, 03 Nov 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing-news https://homebuyer.com/news/2025-10-29/mortgage-rates-spiking-after-fed-oct-2025-meeting https://homebuyer.com/news/2025-10-29/mortgage-rates-spiking-after-fed-oct-2025-meeting Mortgage rates change 0.073 percentage points on Fed weeks, slightly more than the 0.07 points in regular weeks, indicating minimal long-term impact. Wed, 29 Oct 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-ratesfederal-reserve https://homebuyer.com/news/2025-10-27/refinancing-a-mortgage-costs-37-than-a-purchase-study https://homebuyer.com/news/2025-10-27/refinancing-a-mortgage-costs-37-than-a-purchase-study Research shows refinancing costs are 37% higher than purchasing, with average fees of $3,100 per household in 2024. Mon, 27 Oct 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing-news https://homebuyer.com/news/2025-10-24/the-government-wants-to-change-mortgage-rates-using-llpas https://homebuyer.com/news/2025-10-24/the-government-wants-to-change-mortgage-rates-using-llpas The FHFA is exploring changes to LLPAs that affect mortgage rates based on borrower risk factors. Fri, 24 Oct 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-rates https://homebuyer.com/news/existing-home-sales-market-analysis-2025 https://homebuyer.com/news/existing-home-sales-market-analysis-2025 The existing home sales market showed strong recovery in late 2024, with December sales reaching 4.29 million units before moderating in 2025. Inventory levels increased significantly, providing relief to buyers, while mortgage rates declined from 7% peaks to around 6.15% by October 2025. Thu, 23 Oct 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) existing-home-saleshousing-marketinventory-trendsmortgage-ratesmarket-analysis https://homebuyer.com/news/2025-10-23/mortgage-rates-drop-to-55-week-low https://homebuyer.com/news/2025-10-23/mortgage-rates-drop-to-55-week-low Freddie Mac reports that mortgage rates are at a 55-week low, averaging 6.19% for a conventional 30-year fixed mortgage. Thu, 23 Oct 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-rates https://homebuyer.com/news/texas/texas-fha-loan-approval-rates-2024-analysis https://homebuyer.com/news/texas/texas-fha-loan-approval-rates-2024-analysis Tue, 21 Oct 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) FHA loansTexas mortgageloan approval rateshousing financemortgage applications https://homebuyer.com/news/2025-10-20/mortgage-closings-are-being-canceled-as-shutdown-enters-3rd- https://homebuyer.com/news/2025-10-20/mortgage-closings-are-being-canceled-as-shutdown-enters-3rd- As the U.S. government shutdown continues, mortgage closings are canceled and key economic data remains unreleased, impacting the housing market. Mon, 20 Oct 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing-market https://homebuyer.com/news/2025-10-08/how-risky-is-an-arm-adjustable-rate-mortgage https://homebuyer.com/news/2025-10-08/how-risky-is-an-arm-adjustable-rate-mortgage ARMs are often deemed risky, yet 16 of the last 22 years saw lower payments for homeowners with ARMs. Wed, 08 Oct 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing-news https://homebuyer.com/news/2025-10-07/study-what-race-pays-the-most-for-a-mortgage https://homebuyer.com/news/2025-10-07/study-what-race-pays-the-most-for-a-mortgage Homebuyer.com analysis of HMDA data shows Asian applicants paid the lowest mortgage origination fees at 0.515%, while American Indian applicants paid the most. Tue, 07 Oct 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing-news https://homebuyer.com/news/2025-10-06/us-home-prices-on-a-2-month-streak https://homebuyer.com/news/2025-10-06/us-home-prices-on-a-2-month-streak According to FHFA data, U.S. home prices fell 0.1% in July, marking the second month of decline, with regional price variations observed. Mon, 06 Oct 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) home-prices https://homebuyer.com/congress/american-dream-for-all-act https://homebuyer.com/congress/american-dream-for-all-act The American Dream for All Act provides shared-appreciation down payment loans up to 20% of the purchase price for eligible first-time and first-generation buyers. Sun, 05 Oct 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) first-time home buyerdown payment assistanceshared appreciationhousing policy2025 legislation https://homebuyer.com/news/2025-10-03/us-jobs-data-goes-dark-how-it-changes-buying-a-house https://homebuyer.com/news/2025-10-03/us-jobs-data-goes-dark-how-it-changes-buying-a-house The September jobs report is delayed due to a government shutdown, with non-government data showing job losses and recession concerns. Fri, 03 Oct 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing-news https://homebuyer.com/congress/american-housing-economic-mobility-act https://homebuyer.com/congress/american-housing-economic-mobility-act The American Housing and Economic Mobility Act proposes down payment assistance grants and housing affordability reforms to address discrimination and make homeownership more accessible. Wed, 01 Oct 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) first-time home buyerdown payment assistancehousing policy2025 legislationhousing affordability https://homebuyer.com/news/2025-10-01/mortgage-rates-in-a-government-shutdown-hudgov https://homebuyer.com/news/2025-10-01/mortgage-rates-in-a-government-shutdown-hudgov Historical data shows mortgage rates dropped during past government shutdowns, with a 10 basis point decline after the 2019 shutdown. Wed, 01 Oct 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-rates https://homebuyer.com/news/2025-09-30/9-housing-bills-that-could-help-americas-home-buyers https://homebuyer.com/news/2025-09-30/9-housing-bills-that-could-help-americas-home-buyers Nine housing bills in Congress aim to support home buyers, including a $15,000 tax credit and $50,000 penalty-free retirement withdrawals. Tue, 30 Sep 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing-news https://homebuyer.com/congress/first-time-homeowner-savings-plan-act https://homebuyer.com/congress/first-time-homeowner-savings-plan-act The First Time Homeowner Savings Plan Act raises the IRA first-time homebuyer penalty-free withdrawal cap from $10,000 to $25,000 and adds inflation indexing. Mon, 29 Sep 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) first-time home buyerIRAshousing policy2025 legislation https://homebuyer.com/congress/bipartisan-american-homeownership-opportunity-act https://homebuyer.com/congress/bipartisan-american-homeownership-opportunity-act The Bipartisan American Homeownership Opportunity Act is a bill that creates a down payment tax credit for first-time homebuyers and a construction tax credit for builders of starter homes. Sun, 28 Sep 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) first-time home buyertax creditshousing policy2025 legislation https://homebuyer.com/news/2025-09-22/new-30000-cash-grant-for-home-buyers-proposed https://homebuyer.com/news/2025-09-22/new-30000-cash-grant-for-home-buyers-proposed The Home of Your Own Act proposes a $30,000 cash grant for first-time home buyers, covering closing costs and repairs. Source: Homebuyer.com Mon, 22 Sep 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) down-payment https://homebuyer.com/news/2025-09-19/mortgage-rates-on-a-historic-streak https://homebuyer.com/news/2025-09-19/mortgage-rates-on-a-historic-streak Mortgage rates have fallen for nine weeks, the 17th longest streak in Freddie Mac's data; the longest was 31 weeks in 1982. Fri, 19 Sep 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-rates https://homebuyer.com/research/mortgage-rate-streaks https://homebuyer.com/research/mortgage-rate-streaks We analyze every 9+ week consecutive movement in mortgage rates since 1971, examining both sustained declines and increases to understand the economic conditions that drive extended rate trends. Thu, 18 Sep 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage ratesPMMShistorical datarate trends https://homebuyer.com/news/2025-09-18/breaking-news-mortgage-rates-hit-51-week-low-mark https://homebuyer.com/news/2025-09-18/breaking-news-mortgage-rates-hit-51-week-low-mark The Fed lowered the Funds Rate by 0.25%, leading to a 51-week low in mortgage rates amid concerns over a potential recession. Thu, 18 Sep 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-rates https://homebuyer.com/news/2025-09-17/attention-home-buyers-federal-reserve-lowers-rates-fomc https://homebuyer.com/news/2025-09-17/attention-home-buyers-federal-reserve-lowers-rates-fomc Freddie Mac reports a 30-year mortgage rate drop to 6.26%, the lowest since October, driving 60% of applications for refinancing. Wed, 17 Sep 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) federal-reserve https://homebuyer.com/congress/home-of-your-own-act https://homebuyer.com/congress/home-of-your-own-act The Home of Your Own Act provides cash grants up to $30,000 for eligible first-time home buyers. Mon, 15 Sep 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) first-time home buyerdown payment assistancehousing policy2025 legislation https://homebuyer.com/congress/lift-act https://homebuyer.com/congress/lift-act Learn about the LIFT Act including how it creates 20-year mortgages with 30-year payments for first-time home buyers. Mon, 15 Sep 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) first-time home buyerwealth buildinghousing policy2025 legislation https://homebuyer.com/news/2025-09-15/paying-discount-points-when-mortgage-rates-are-falling https://homebuyer.com/news/2025-09-15/paying-discount-points-when-mortgage-rates-are-falling Last year, buyers paid an average of 0.936% in discount points, costing $936 per $100,000 borrowed, but these costs are not recouped if refinancing. Mon, 15 Sep 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-rates https://homebuyer.com/news/2025-09-12/what-people-are-paying-for-mortgages https://homebuyer.com/news/2025-09-12/what-people-are-paying-for-mortgages Home buyers paid an average of 2.06% in closing costs last year, with conventional loans at 1.54% and FHA loans at 3.77%. Fri, 12 Sep 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing-news https://homebuyer.com/news/2025-09-11/now-happening-mortgage-rates-in-the-5s https://homebuyer.com/news/2025-09-11/now-happening-mortgage-rates-in-the-5s The average 30-year mortgage rate is now 6.35%, with some lenders offering rates in the 5s, marking the lowest rates of the year. Thu, 11 Sep 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-rates https://homebuyer.com/news/2025-09-10/renters-say-its-a-bad-time-to-buy-but-with-a-twist https://homebuyer.com/news/2025-09-10/renters-say-its-a-bad-time-to-buy-but-with-a-twist Fannie Mae reports 70% of consumers view buying a home negatively, yet 70% would still choose to buy due to lower mortgage rates and more homes available. Wed, 10 Sep 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing-news https://homebuyer.com/news/2025-09-09/mortgage-real-estate-stock-prices-soaring https://homebuyer.com/news/2025-09-09/mortgage-real-estate-stock-prices-soaring Zillow up 9%, Rocket Stock up 19%, Better.com up 15%, and Fannie Mae up 26% in September, signaling confidence in the U.S. housing market. Tue, 09 Sep 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) real-estate https://homebuyer.com/news/2025-09-08/mortgage-rates-drop-after-awful-economic-report https://homebuyer.com/news/2025-09-08/mortgage-rates-drop-after-awful-economic-report BLS reported only 22,000 jobs created in August, below projections, prompting a drop in mortgage rates as investors sought safe havens. Mon, 08 Sep 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-rates https://homebuyer.com/news/2025-09-02/rule-of-thumb-how-much-homeowners-spend-on-home-upkeep https://homebuyer.com/news/2025-09-02/rule-of-thumb-how-much-homeowners-spend-on-home-upkeep Homeowners spend about $4,200 annually on upkeep, averaging 1.02% of their home's value, per Census Bureau and Federal Reserve data. Tue, 02 Sep 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing-news https://homebuyer.com/news/2025-08-29/is-todays-inflation-data-accurate-truthful-pce https://homebuyer.com/news/2025-08-29/is-todays-inflation-data-accurate-truthful-pce The PCE report indicates stable consumer prices month-over-month and year-over-year, with minimal impact on mortgage rates. Fri, 29 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) federal-reserve https://homebuyer.com/news/2025-08-28/breaking-mortgage-rates-drop-to-44-week-low https://homebuyer.com/news/2025-08-28/breaking-mortgage-rates-drop-to-44-week-low Mortgage rates drop to 6.56%, the lowest in 44 weeks, prompting a rise in refinancing activity. Thu, 28 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-rates https://homebuyer.com/news/2025-08-27/2026-mortgage-loan-limits-previewed https://homebuyer.com/news/2025-08-27/2026-mortgage-loan-limits-previewed 2026 conventional mortgage loan limits may reach $830,200 nationwide and $1.25 million in high-cost areas, per FHFA's House Price Index. Wed, 27 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing-news https://homebuyer.com/news/2025-08-26/15000-first-time-homebuyer-tax-credit-act-of-2025 https://homebuyer.com/news/2025-08-26/15000-first-time-homebuyer-tax-credit-act-of-2025 The reintroduced $15,000 First-Time Homebuyer Tax Credit Act of 2025 increases eligibility and allows credits at closing. Tue, 26 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) federal-reserve https://homebuyer.com/news/2025-08-25/best-cities-for-starting-your-life https://homebuyer.com/news/2025-08-25/best-cities-for-starting-your-life The ranking of best cities for young people includes Bozeman, MT, Boulder, CO, and Midland, TX, considering income and job availability. Mon, 25 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing-news https://homebuyer.com/learn/chattel-loan https://homebuyer.com/learn/chattel-loan Chattel loans finance movable property like manufactured homes, boats, or RVs. Higher rates than mortgages but easier qualification. Used when traditional mortgages aren't available. Wed, 20 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/manufactured-home https://homebuyer.com/learn/manufactured-home Manufactured homes are factory-built houses delivered to sites. Financing depends on land ownership - easier if you own the land, harder if you lease it. Wed, 20 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/conventional-mortgage/choice-renovation https://homebuyer.com/conventional-mortgage/choice-renovation A comprehensive guide to CHOICERenovation® mortgages, including qualification requirements, benefits, eligible projects, streamlined options, and comparisons to other renovation loans. Wed, 20 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) CHOICERenovation®Freddie MacRenovation LoanConventional Mortgage https://homebuyer.com/learn/loan-level-pricing-adjustments https://homebuyer.com/learn/loan-level-pricing-adjustments LLPAs are risk-based fees built into conventional mortgage pricing. Learn how credit score, down payment, occupancy, property type, and refinance purpose drive LLPAs—and how waivers and credits can offset them. Tue, 19 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) Loan-Level Pricing AdjustmentsLLPAConventional MortgageMortgage Rates https://homebuyer.com/conventional-mortgage/homeone/vs-conventional-97 https://homebuyer.com/conventional-mortgage/homeone/vs-conventional-97 HomeOne® and Conventional 97 are nearly identical 3% down mortgages. Learn the key distinctions between the two programs and how they might affect your home purchase. Tue, 19 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) HomeOne®Conventional 97First-Time Home BuyerMortgage Comparison https://homebuyer.com/conventional-mortgage/homeone/down-payment-closing-costs https://homebuyer.com/conventional-mortgage/homeone/down-payment-closing-costs HomeOne® mortgages require just 3% down, plus standard closing costs. Learn how to meet the requirement using gifts, seller credits, or assistance programs. Mon, 18 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) HomeOne®Down PaymentClosing CostsFreddie Mac https://homebuyer.com/conventional-mortgage/homeone/gift-funds https://homebuyer.com/conventional-mortgage/homeone/gift-funds HomeOne® allows your full down payment and closing costs to come from gift funds. Learn who can give, what paperwork is required, and how lenders verify the transfer. Mon, 18 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) HomeOne®Gift FundsDown Payment https://homebuyer.com/conventional-mortgage/homeone/loan-requirements-credit-score https://homebuyer.com/conventional-mortgage/homeone/loan-requirements-credit-score HomeOne® loans require a minimum 620 credit score, a 3% down payment, and first-time home buyer status. Learn the full credit, income, and property requirements. Mon, 18 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) HomeOne®Loan RequirementsCredit ScoreMortgage Q&A https://homebuyer.com/conventional-mortgage/homeone/pmi-rules https://homebuyer.com/conventional-mortgage/homeone/pmi-rules HomeOne® mortgages require private mortgage insurance (PMI) when you put less than 20% down. Learn how PMI is calculated, what it costs, and how to remove it. Mon, 18 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) HomeOne®Private Mortgage InsurancePMIMortgage Q&A https://homebuyer.com/conventional-mortgage/homeone/vs-fha https://homebuyer.com/conventional-mortgage/homeone/vs-fha Both HomeOne® and FHA loans offer low down payments for first-time buyers, but their rules differ on credit score, PMI, and property types. See which program fits you best. Mon, 18 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) HomeOne®FHA LoanFirst-Time Home BuyerMortgage Comparison https://homebuyer.com/conventional-mortgage/homeone https://homebuyer.com/conventional-mortgage/homeone HomeOne® offers 3% down payments for first-time buyers with good credit. No income or location limits make it widely available across the U.S. Mon, 18 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) HomeOne®First-Time Home BuyerFreddie MacLow Down PaymentMortgage Guide https://homebuyer.com/conventional-mortgage/mh-advantage https://homebuyer.com/conventional-mortgage/mh-advantage A comprehensive guide to Fannie Mae's MH Advantage® program, including manufactured housing definitions, borrower requirements, sticker eligibility, and cost savings for 2025. Sun, 17 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) MH Advantage®Fannie MaeManufactured HousingConventional Mortgage https://homebuyer.com/conventional-mortgage/community-seconds https://homebuyer.com/conventional-mortgage/community-seconds A comprehensive guide to Fannie Mae's Community Seconds® program including qualification rules, benefits, eligible providers, and repayment structures for 2025. Sat, 16 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) Community Seconds®Fannie MaeDown Payment AssistanceConventional Mortgage https://homebuyer.com/conventional-mortgage/home-possible/credit-score https://homebuyer.com/conventional-mortgage/home-possible/credit-score Home Possible mortgages require a minimum credit score of 620. See how your score impacts loan costs, what scores get the best pricing, and how to improve your eligibility. Sat, 16 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) Home PossibleCredit ScoreMortgage Q&A https://homebuyer.com/conventional-mortgage/homestyle-renovation https://homebuyer.com/conventional-mortgage/homestyle-renovation A comprehensive guide to HomeStyle® Renovation mortgages including qualification requirements, benefits, eligible projects, and step-by-step application process for 2025. Sat, 16 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) HomeStyle RenovationFannie MaeRenovation LoanConventional Mortgage https://homebuyer.com/conventional-mortgage/home-possible/down-payment-closing-costs https://homebuyer.com/conventional-mortgage/home-possible/down-payment-closing-costs Home Possible loans require just 3% down plus typical closing costs. See what counts toward your down payment, how gift funds and Affordable Seconds work, and strategies to reduce upfront expenses. Fri, 15 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) Home PossibleDown PaymentClosing CostsMortgage Q&A https://homebuyer.com/conventional-mortgage/home-possible/income-limits https://homebuyer.com/conventional-mortgage/home-possible/income-limits Home Possible mortgages require borrowers to have income at or below 80% of the area median income (AMI). Learn what counts as income, how to check your eligibility, and examples for major U.S. metro areas. Fri, 15 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) Home PossibleIncome LimitsEligibility https://homebuyer.com/conventional-mortgage/home-possible/loan-requirements https://homebuyer.com/conventional-mortgage/home-possible/loan-requirements Home Possible mortgages have specific borrower, property, and loan rules. Learn what qualifies, what doesn’t, and how to confirm your eligibility before applying. Fri, 15 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) Home PossibleEligibilityLoan Requirements https://homebuyer.com/conventional-mortgage/home-possible/pmi-rules https://homebuyer.com/conventional-mortgage/home-possible/pmi-rules Home Possible loans require PMI with less expensive premiums than standard conventional loans. Learn how it works, when you can remove it, and how it compares to other mortgage options. Fri, 15 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) Home PossiblePMIMortgage Insurance https://homebuyer.com/conventional-mortgage/conventional-97 https://homebuyer.com/conventional-mortgage/conventional-97 Conventional 97 offers 3% down payments for first-time buyers with good credit. No income limits, cancellable PMI, and nationwide availability make it an attractive option. Thu, 14 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) Conventional 97First-Time Home BuyerLow Down PaymentMortgage Guide https://homebuyer.com/conventional-mortgage/homeready/credit-score https://homebuyer.com/conventional-mortgage/homeready/credit-score HomeReady mortgages require a minimum credit score of <Substitext name="conv-homeready-fico-min" />. See how your score impacts loan costs, what scores get the best pricing, and how to improve your eligibility. Thu, 14 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) HomeReadyCredit ScoreMortgage Q&A https://homebuyer.com/conventional-mortgage/homeready/down-payment-closing-costs https://homebuyer.com/conventional-mortgage/homeready/down-payment-closing-costs HomeReady loans require just 3% down plus typical closing costs. See what counts toward your down payment, how gift funds work, and strategies to reduce upfront expenses. Thu, 14 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) HomeReadyDown PaymentClosing CostsMortgage Q&A https://homebuyer.com/conventional-mortgage/homeready/income-limits https://homebuyer.com/conventional-mortgage/homeready/income-limits HomeReady mortgages require borrowers to have income at or below 80% of the area median income (AMI). Learn what counts as income, how to check your eligibility, and examples for major U.S. metro areas. Thu, 14 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) HomeReadyIncome LimitsEligibility https://homebuyer.com/conventional-mortgage/homeready/loan-requirements https://homebuyer.com/conventional-mortgage/homeready/loan-requirements HomeReady mortgages have specific borrower, property, and loan rules. Learn what qualifies, what doesn’t, and how to confirm your eligibility before applying. Thu, 14 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) HomeReadyEligibilityLoan Requirements https://homebuyer.com/conventional-mortgage/homeready/pmi-rules https://homebuyer.com/conventional-mortgage/homeready/pmi-rules HomeReady loans require PMI with less expensive premiums than standard conventional loans. Learn how it works, when you can remove it, and how it compares to other mortgage options. Thu, 14 Aug 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) HomeReadyPMIMortgage Insurance https://homebuyer.com/conventional-mortgage https://homebuyer.com/conventional-mortgage A comprehensive guide to conventional mortgages including qualification requirements, benefits, current rates, and step-by-step application process for 2025. Tue, 15 Jul 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/congress/campus-housing-affordability-for-foster-youth-act https://homebuyer.com/congress/campus-housing-affordability-for-foster-youth-act Housing assistance for foster youth on college campuses to support stability and homeownership goals. Thu, 12 Jun 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) first-time home buyerhousing policy2025 legislation https://homebuyer.com/congress/homebuyers-privacy-protection-act https://homebuyer.com/congress/homebuyers-privacy-protection-act New privacy protections for home buyers during real estate transactions. Thu, 10 Apr 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyhomebuyer protection2025 legislation https://homebuyer.com/congress/neighborhood-homes-investment-act https://homebuyer.com/congress/neighborhood-homes-investment-act A federal tax credit designed to increase for-sale housing in underserved neighborhoods by closing the gap between building costs and home prices. Thu, 10 Apr 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/congress/fair-access-to-co-ops-for-veterans-act https://homebuyer.com/congress/fair-access-to-co-ops-for-veterans-act Lets eligible veterans use VA loans to buy eligible co-op homes. Mon, 03 Mar 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyveteransVA loan2025 legislation https://homebuyer.com/congress/va-home-loan-program-reform-act https://homebuyer.com/congress/va-home-loan-program-reform-act Congressional bill to reform and improve the VA home loan program for veterans. Mon, 03 Mar 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) veteranshousing policy2025 legislation https://homebuyer.com/congress/more-homes-on-the-market-act https://homebuyer.com/congress/more-homes-on-the-market-act Updates the home sale tax break to encourage more existing homes to hit the market. Thu, 13 Feb 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyfirst-time home buyer2025 legislation https://homebuyer.com/news/annual-loan-volume-trends-2019-2024 https://homebuyer.com/news/annual-loan-volume-trends-2019-2024 Mortgage loan volumes experienced unprecedented volatility from 2019-2024, with 2020-2021 seeing record highs driven by refinancing activity, followed by a sharp decline in 2022-2023 as interest rates rose. California led all states in total volume, while conventional loans dominated the market throughout the period. Wed, 29 Jan 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage-trendsloan-volumehousing-marketrefinancingpurchase-loans https://homebuyer.com/news/existing-home-sales-report-2024-analysis https://homebuyer.com/news/existing-home-sales-report-2024-analysis The existing home sales market showed signs of recovery in 2024, with September sales reaching a seven-month high of 4.06 million units. Declining mortgage rates to 6.27% and 14% inventory growth provided relief to buyers, though median prices continued rising to $415,200. Wed, 29 Jan 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) existing-home-saleshousing-marketreal-estate-trendsinventorymortgage-rates https://homebuyer.com/learn/closing-costs https://homebuyer.com/learn/closing-costs Closing costs are fees paid at home purchase closing, typically 2-5% of the loan amount. They include lender fees, title insurance, appraisal, and prepaid items. Mon, 27 Jan 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/private-mortgage-insurance https://homebuyer.com/learn/private-mortgage-insurance PMI is insurance required when you put less than 20% down on a conventional loan. It costs a percentage annually and can be removed when you reach 20% equity. Mon, 27 Jan 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/congress/va-home-loan-awareness-act https://homebuyer.com/congress/va-home-loan-awareness-act A bill to increase awareness and education about VA home loans for eligible veterans and service members. Thu, 16 Jan 2025 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) veteransVA loanhousing policy2025 legislation https://homebuyer.com/learn/pre-approval-guide https://homebuyer.com/learn/pre-approval-guide A lender's verification of your finances that tells you how much home you can afford and shows sellers you're a serious buyer. Wed, 18 Sep 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/conventional-mortgage/conventional-97/down-payment-closing-costs https://homebuyer.com/conventional-mortgage/conventional-97/down-payment-closing-costs Conventional 97 loans require just 3% down, plus typical closing costs. Learn what counts toward your down payment, how to use gift funds, and tips to lower costs. Sat, 17 Aug 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) Conventional 97Down PaymentClosing CostsMortgage Q&A https://homebuyer.com/conventional-mortgage/conventional-97/vs-fha https://homebuyer.com/conventional-mortgage/conventional-97/vs-fha Conventional 97 and FHA loans both offer low down payment options for first-time buyers, but the best choice depends on your credit, savings, and long-term plans. Fri, 16 Aug 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) Conventional 97FHA LoansFirst-Time Home BuyersMortgage Comparison https://homebuyer.com/conventional-mortgage/conventional-97/pmi-rules https://homebuyer.com/conventional-mortgage/conventional-97/pmi-rules Conventional 97 loans require private mortgage insurance (PMI) when you put less than 20% down. Learn how PMI works, what it costs, and how to remove it. Thu, 15 Aug 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) Conventional 97Private Mortgage InsurancePMIMortgage Q&A https://homebuyer.com/conventional-mortgage/conventional-97/gift-funds https://homebuyer.com/conventional-mortgage/conventional-97/gift-funds Conventional 97 loans allow gift funds for the down payment and closing costs. Learn who can give a gift, what documents are required, and how to avoid common mistakes. Wed, 14 Aug 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) Conventional 97Gift FundsDown PaymentMortgage Q&A https://homebuyer.com/conventional-mortgage/conventional-97/loan-requirements-credit-score https://homebuyer.com/conventional-mortgage/conventional-97/loan-requirements-credit-score Conventional 97 loans require a minimum 620 credit score, a 3% down payment, and first-time home buyer status. Learn the full credit, income, and property requirements. Tue, 30 Jul 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) Conventional 97Loan RequirementsCredit ScoreMortgage Q&A https://homebuyer.com/learn/refinance-guide https://homebuyer.com/learn/refinance-guide A comprehensive guide to mortgage refinancing covering when to refinance, different types of refinances, costs involved, and the complete refinancing process. Sun, 28 Jul 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/retail-sales https://homebuyer.com/learn/retail-sales A measure of how much money consumers spend on goods at retail stores nationwide, used to track economic health and consumer spending trends. Tue, 16 Apr 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/congress/workforce-housing-expansion-program https://homebuyer.com/congress/workforce-housing-expansion-program Creates demonstration program for workforce housing development in areas with expanding job markets. Tue, 02 Apr 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) housing policyworkforce housing2025 legislation https://homebuyer.com/learn/starter-home https://homebuyer.com/learn/starter-home A smaller, more affordable home that serves as an entry point into homeownership, typically selling below the county's median home price and allowing buyers to build equity before upgrading. Wed, 13 Mar 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/escrow https://homebuyer.com/learn/escrow A financial arrangement where homeowners pay portions of their property taxes and insurance monthly to their lender, who then pays these bills when they come due. Tue, 27 Feb 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/curb-appeal-ideas https://homebuyer.com/learn/curb-appeal-ideas Curb appeal can be boosted with fresh landscaping, clean exterior, updated front door, good lighting, and decluttered yard. These improvements can increase home value significantly. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/dash-act https://homebuyer.com/learn/dash-act The DASH Act (Downpayment Toward Equity Act) would provide up to $25,000 in down payment assistance for first-time home buyers. It's currently under consideration in Congress but not yet passed into law. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/homeowners-association https://homebuyer.com/learn/homeowners-association HOAs are community organizations that enforce rules and maintain common areas. Monthly fees vary widely, and violations can result in fines or liens. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/homeowners-insurance https://homebuyer.com/learn/homeowners-insurance Homeowners insurance covers property damage, liability, and personal belongings. Required by lenders, costs several hundred to several thousand annually, with higher deductibles lowering premiums. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/homepath https://homebuyer.com/learn/homepath HomePath sells Fannie Mae foreclosed homes with special financing. Buyers can get low down payment loans, closing cost credits, and closing cost assistance through Ready Buyer program. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/homeready-vs-home-possible https://homebuyer.com/learn/homeready-vs-home-possible HomeReady requires 3% down with 620+ credit and income limits. Home Possible requires 3% down with 660+ credit and income limits. Both offer reduced PMI costs. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/house-price-index https://homebuyer.com/learn/house-price-index The House Price Index (HPI) tracks home price changes over time. It's used to set loan limits and determine high-cost areas where conventional loan limits increase significantly. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/house-styles https://homebuyer.com/learn/house-styles Learn about 34 popular architectural house styles in America including Colonial, Craftsman, Ranch, and Victorian homes. Discover key features, regional variations, and how to identify different home styles. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) House StylesArchitectureHome DesignColonialCraftsmanRanchVictorianModern https://homebuyer.com/learn/how-to-buy-a-house-out-of-state https://homebuyer.com/learn/how-to-buy-a-house-out-of-state Out-of-state home buying typically involves researching neighborhoods online, getting pre-approved, hiring a local agent, visiting before closing, and using virtual tours and inspections. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/how-to-make-money-with-your-house https://homebuyer.com/learn/how-to-make-money-with-your-house Homeowners can generate income through renting rooms, Airbnb, home businesses, storage rental, or hosting events. Local regulations may apply. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/how-to-meet-your-neighbors https://homebuyer.com/learn/how-to-meet-your-neighbors Neighbors can be met by hosting housewarming parties, joining community groups, attending local events, walking your dog, or volunteering. Simple introductions typically build relationships gradually. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/how-to-move-out-of-your-parents-house https://homebuyer.com/learn/how-to-move-out-of-your-parents-house Moving out successfully typically involves saving 3-6 months expenses, building credit, getting pre-approved for a mortgage, and finding affordable housing options. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/lender-overlays https://homebuyer.com/learn/lender-overlays Lender overlays are stricter requirements than minimum guidelines (higher credit scores, larger down payments). Different lenders have different overlays, so shop around for the best fit. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/letter-of-explanation https://homebuyer.com/learn/letter-of-explanation A letter of explanation (LOE) explains credit issues, employment gaps, or unusual transactions to lenders. Required when underwriters need clarification on your application. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/lien https://homebuyer.com/learn/lien A lien is a legal claim against your property for unpaid debts. Common liens include mortgages, tax liens, and contractor liens. They must be paid before selling. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/listing-price https://homebuyer.com/learn/listing-price Listing price is the seller's asking price, not necessarily market value. Use comparable sales to determine fair value and negotiate based on market conditions and property condition. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/loan-term https://homebuyer.com/learn/loan-term Loan term is how long you have to repay (15, 20, or 30 years). Shorter terms have higher payments but lower rates and save thousands in interest. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/loan-to-value https://homebuyer.com/learn/loan-to-value LTV compares your loan amount to home value. Higher LTV means higher rates and PMI. Most loans allow up to 95-97% LTV for conventional loans. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/low-down-payment-mortgage https://homebuyer.com/learn/low-down-payment-mortgage Low down payment options: VA loans (0% down, military), USDA loans (0% down, rural), FHA loans (3.5% down, 580+ credit), conventional loans (3% down, 620+ credit). Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/lower-mortgage-rate https://homebuyer.com/learn/lower-mortgage-rate Mortgage rates can be lowered by improving credit scores, buying discount points, shopping multiple lenders, using first-time buyer programs, and choosing shorter loan terms. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/making-an-offer-on-a-house https://homebuyer.com/learn/making-an-offer-on-a-house Make a strong offer by getting pre-approved, offering 1-3% earnest money, including contingencies, and negotiating based on market conditions and seller motivation. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/master-condo-policy https://homebuyer.com/learn/master-condo-policy Master condo policy covers building structure and common areas, paid by HOA fees. Unit owners typically need HO-6 insurance for their unit's interior, personal belongings, and liability coverage. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/medical-debt-credit-score https://homebuyer.com/learn/medical-debt-credit-score Medical debt under a certain amount no longer affects credit scores (2022 change). Larger medical debts still impact scores but lenders may ignore them for mortgage approval. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/mortgage-101 https://homebuyer.com/learn/mortgage-101 A mortgage is a loan to buy a home, typically paid over 30 years. The main types are conventional, FHA, VA, and USDA loans, each with different requirements and benefits. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/mortgage-acronyms https://homebuyer.com/learn/mortgage-acronyms Essential mortgage acronyms explained: DTI (debt-to-income), LTV (loan-to-value), PMI (private mortgage insurance), APR (annual percentage rate), and 32 more key terms. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/mortgage-broker-vs-lender-vs-bank https://homebuyer.com/learn/mortgage-broker-vs-lender-vs-bank Mortgage brokers shop multiple lenders for you, banks offer their own products, and direct lenders provide loans directly. Brokers often find better rates. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/prepaid-expenses https://homebuyer.com/learn/prepaid-expenses Prepaid expenses are upfront costs paid at closing (property taxes, insurance, interest). They're calculated per diem and can't be rolled into your loan. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/research/fair-lending-statistics https://homebuyer.com/research/fair-lending-statistics Homebuyer.com analysis of 100+ million mortgage applications since 2018 reveals how approval rates, loan amounts, and fees vary by borrower demographics. See 2024 approval rates, income levels, and lending patterns across race, ethnicity, age, and gender. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) mortgage approval ratesHMDAdemographic analysisfair lendingborrower demographicsmortgage discrimination https://homebuyer.com/research/home-buyer-statistics https://homebuyer.com/research/home-buyer-statistics Homebuyer.com analysis of 100+ million mortgage applications since 2018 reveals how home buying behavior varies by age. See 2024 loan amounts, purchase prices, down payments, and mortgage type preferences for Gen Z, Millennials, Gen X, and Baby Boomers. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) demographicsgenerationshome buyers https://homebuyer.com/research/mortgage-statistics https://homebuyer.com/research/mortgage-statistics Homebuyer.com analysis of 100+ million mortgage applications since 2018 reveals market trends across loan types, lenders, and property uses. See 2024 average rates, fees, and market share for conventional, FHA, VA, and USDA mortgages with county-level data. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/research/popular-vacation-second-home-zip-codes https://homebuyer.com/research/popular-vacation-second-home-zip-codes See where people are buying vacation and second homes, including 1-year and 5-year trends with average home sale prices and household incomes. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/conventional-mortgage/cash-out-refinance https://homebuyer.com/conventional-mortgage/cash-out-refinance A comprehensive guide to cash-out refinance mortgages including qualification requirements, benefits, current rates, and step-by-step application process. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) Cash-Out RefinanceHome EquityMortgage RefinanceHome Improvement https://homebuyer.com/conventional-mortgage/conventional-refinance https://homebuyer.com/conventional-mortgage/conventional-refinance A comprehensive guide to conventional refinance mortgages including qualification requirements, benefits, current rates, and step-by-step application process. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) Conventional RefinanceMortgage RefinanceRate and Term RefinanceCash-Out Refinance https://homebuyer.com/conventional-mortgage/home-possible https://homebuyer.com/conventional-mortgage/home-possible A comprehensive guide to Home Possible mortgages including qualification requirements, benefits, current rates, and step-by-step application process for 2025. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) Home PossibleLow Down PaymentFreddie MacFirst-Time Home Buyers https://homebuyer.com/conventional-mortgage/homeready https://homebuyer.com/conventional-mortgage/homeready Fannie Mae's HomeReady program helps make homeownership accessible with a low 3% down payment, flexible income requirements, and cancellable mortgage insurance. This guide explains who qualifies, its benefits, and how to apply. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) HomeReadyLow Down Payment MortgageFirst-Time Home Buyer https://homebuyer.com/conventional-mortgage/investment-property-loans https://homebuyer.com/conventional-mortgage/investment-property-loans A comprehensive guide to investment property loans including qualification requirements, benefits, current rates, and step-by-step application process. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) Investment Property LoansRental PropertiesReal Estate InvestingNon-Owner Occupied https://homebuyer.com/conventional-mortgage/jumbo-loans https://homebuyer.com/conventional-mortgage/jumbo-loans A comprehensive guide to jumbo loans including qualification requirements, benefits, current rates, and step-by-step application process. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) Jumbo LoansHigh-Value MortgagesLuxury HomesNon-Conforming Loans https://homebuyer.com/editorial-guidelines https://homebuyer.com/editorial-guidelines Learn about our editorial standards, fact-checking process, and commitment to helping mortgage-interested people make informed decisions. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/important-notice https://homebuyer.com/important-notice Important mortgage notices and disclosures about Homebuyer.com services and policies. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/mortgage-loan-limits https://homebuyer.com/mortgage-loan-limits Current mortgage loan limits for conventional, FHA, VA, and USDA loans by location. Mon, 15 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/debt-to-income https://homebuyer.com/learn/debt-to-income Debt-to-income ratio compares your monthly debts to income. Most loans require DTI under 43-50%. Lower DTI means better approval chances and rates. Thu, 11 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/credit-score https://homebuyer.com/learn/credit-score A numerical rating between 300-850 that represents the probability a home buyer will make on-time mortgage payments, calculated from payment history, credit utilization, and other financial factors. Mon, 08 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/prepayment-penalty https://homebuyer.com/learn/prepayment-penalty Prepayment penalties are fees for paying off your mortgage early (rare in modern loans). They're typically 1-5% of remaining balance and only found in portfolio loans. Wed, 03 Jan 2024 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/equity https://homebuyer.com/learn/equity Home equity is your ownership stake (home value minus mortgage balance). It builds as you pay down your loan and home values increase, and can be borrowed against. Wed, 20 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/household-income https://homebuyer.com/learn/household-income Household income is the total income of all people living in your home. Lenders use this to calculate your debt-to-income ratio and determine how much home you can typically afford. Tue, 19 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/research/2024-mortgage-rates https://homebuyer.com/research/2024-mortgage-rates Get the 2024 mortgage rates forecast with predictions for first-time home buyers including expected rate trends and factors. Tue, 19 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/discount-points https://homebuyer.com/learn/discount-points Discount points are upfront fees (1% of loan amount each) that lower your interest rate. Pay for them if you plan to stay in the home 5+ years. Sun, 17 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/condominium https://homebuyer.com/learn/condominium A condominium is a unit you own in a multi-unit building with shared common areas. You own your unit but share costs for maintenance, insurance, and amenities through HOA fees. Sat, 16 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/existing-home-inventory https://homebuyer.com/learn/existing-home-inventory Existing home inventory is the number of homes for sale. Low inventory (under 4 months supply) drives up prices, while high inventory (over 6 months) creates buyer opportunities. Tue, 12 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/existing-home-supply https://homebuyer.com/learn/existing-home-supply Existing home supply measures months of inventory at current sales pace. Under 4 months = seller's market (higher prices), over 6 months = buyer's market (lower prices). Tue, 12 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/non-warrantable-condominium https://homebuyer.com/learn/non-warrantable-condominium Non-warrantable condos don't meet lender standards due to high investor ownership, low reserves, or legal issues. They require portfolio loans with higher rates and larger down payments. Tue, 12 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/warrantable-condominium https://homebuyer.com/learn/warrantable-condominium Warrantable condos meet lender requirements: 70%+ owner occupancy, low investor ownership, adequate reserves, and proper insurance. These qualify for conventional, FHA, VA, and USDA loans. Tue, 12 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/existing-home-sales https://homebuyer.com/learn/existing-home-sales Existing home sales track monthly sales of previously owned homes. Higher sales indicate strong demand and rising prices, while lower sales suggest market cooling. Mon, 11 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/due-on-sale https://homebuyer.com/learn/due-on-sale Due-on-sale clauses require full loan repayment when property ownership changes. They prevent loan assumptions without lender approval and protect lenders from unauthorized transfers. Sun, 10 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/multi-unit-home https://homebuyer.com/learn/multi-unit-home Multi-unit homes (duplexes, triplexes, fourplexes) require 15-25% down payments and higher credit scores. Owners can live in one unit and rent the others for income. Sun, 10 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/flood-insurance https://homebuyer.com/learn/flood-insurance Flood insurance covers water damage from storms and flooding. Required in high-risk flood zones, costs several hundred to several thousand annually, and not covered by standard homeowners insurance. Fri, 08 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/for-sale-by-owner https://homebuyer.com/learn/for-sale-by-owner FSBO means the seller isn't using a real estate agent. Buyers can save on agent fees but need to handle negotiations, inspections, and paperwork themselves. Fri, 08 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/contingency-clause https://homebuyer.com/learn/contingency-clause Contingency clauses protect buyers by allowing them to back out if certain conditions aren't met. Common contingencies include inspection, financing, appraisal, and home sale contingencies. Thu, 07 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/mortgage-rate-lock https://homebuyer.com/learn/mortgage-rate-lock Rate locks protect you from rate increases for 15-60 days. Free locks last 15-30 days, longer locks cost additional fees. Lock when you're confident in your timeline and rate. Thu, 07 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/dual-agency https://homebuyer.com/learn/dual-agency Dual agency occurs when one agent represents both buyer and seller. It's legal in most states but creates conflicts of interest. Some buyers prefer separate representation. Wed, 06 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/personal-liability-insurance https://homebuyer.com/learn/personal-liability-insurance Personal liability insurance covers legal responsibility for injuries or property damage to others on your property. It's included in homeowners insurance and pays for legal defense costs and settlements up to policy limits. Wed, 06 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/piti https://homebuyer.com/learn/piti PITI is your total monthly payment: Principal, Interest, Taxes, and Insurance. This is what you'll actually pay each month, not just the loan payment. Wed, 06 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/ho6-insurance https://homebuyer.com/learn/ho6-insurance HO-6 insurance covers your condo unit's interior, personal belongings, and liability. Required by lenders, costs several hundred annually, and complements the HOA's master policy. Tue, 05 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/non-occupant-co-borrower https://homebuyer.com/learn/non-occupant-co-borrower A non-occupant co-borrower co-signs your mortgage but doesn't live in the home. They help with approval but are legally responsible for payments if you default. Tue, 05 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/new-home-sales https://homebuyer.com/learn/new-home-sales New home sales track monthly sales of newly constructed homes. Higher sales indicate strong demand and builder confidence, while lower sales suggest market weakness. Mon, 04 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/personal-consumption-expenditures https://homebuyer.com/learn/personal-consumption-expenditures PCE measures consumer spending on goods and services. Higher PCE indicates economic growth and can lead to higher mortgage rates, while lower PCE suggests economic weakness. Sun, 03 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/home-inspection https://homebuyer.com/learn/home-inspection A home inspection is a professional evaluation of a home's condition that takes 2-6 hours and costs several hundred dollars. It protects buyers from hidden problems and provides negotiation leverage. Fri, 01 Dec 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/flipped-home https://homebuyer.com/learn/flipped-home Flipped homes are properties bought, renovated, and resold quickly. Look for quality workmanship, proper permits, and recent renovations to avoid hidden problems. Thu, 30 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/deductible https://homebuyer.com/learn/deductible A deductible is the amount you pay before insurance covers damage. Higher deductibles lower premiums but cost more out-of-pocket when you file a claim. Tue, 28 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/high-cost-area https://homebuyer.com/learn/high-cost-area High-cost areas have higher loan limits for conventional loans. Defined by FHFA based on local home prices, allowing larger loans in expensive markets. Mon, 27 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/national-association-of-realtors https://homebuyer.com/learn/national-association-of-realtors NAR is the largest real estate trade association with 1.5M+ members. REALTORS® must follow a strict Code of Ethics and Standards of Practice, unlike regular real estate agents. Sun, 26 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/payment-shock https://homebuyer.com/learn/payment-shock Payment shock occurs when your mortgage payment is 150%+ higher than your current rent. Lenders consider this in approval and may require reserves or higher income. Sun, 26 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/principal-balance https://homebuyer.com/learn/principal-balance Principal balance is the remaining amount you owe on your mortgage. It starts as your loan amount and decreases with each payment, affecting PMI removal timing. Sun, 26 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/earnest-money https://homebuyer.com/learn/earnest-money Earnest money is a deposit (typically 1-3% of home price) that shows you're serious about buying. It's refundable if the deal falls through due to contingencies. Sat, 25 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/free-and-clear https://homebuyer.com/learn/free-and-clear Free-and-clear means owning your home without any mortgage or liens. You have complete ownership and no monthly payments, but lose mortgage interest tax deductions. Sat, 25 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/mortgage-cosigner https://homebuyer.com/learn/mortgage-cosigner A mortgage cosigner signs your loan and is equally responsible for payments. They help with approval but get no ownership rights and assume full financial liability. Sat, 25 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/mortgage-default https://homebuyer.com/learn/mortgage-default Mortgage default occurs when payments are 90+ days late. It can lead to foreclosure, but lenders offer forbearance, loan modifications, and repayment plans to help homeowners avoid foreclosure. Sat, 25 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/seller-concessions https://homebuyer.com/learn/seller-concessions Seller concessions are when the seller pays your closing costs (up to 3-6% of loan amount). They reduce your upfront costs but may increase your offer price. Sat, 25 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/credit-bureau https://homebuyer.com/learn/credit-bureau Credit bureaus (Experian, Equifax, TransUnion) collect financial data and create credit reports. Lenders use these reports to determine mortgage approval and interest rates. Thu, 23 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/multiple-listing-service https://homebuyer.com/learn/multiple-listing-service The MLS is a database of homes for sale managed by real estate professionals. It provides accurate listing data, property details, and historical sales information for market analysis. Thu, 23 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/real-estate-taxes https://homebuyer.com/learn/real-estate-taxes Real estate taxes are annual property taxes (0.5-3% of home value) paid to local governments. They're included in your monthly mortgage payment via escrow. Thu, 23 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/rent-to-own https://homebuyer.com/learn/rent-to-own Rent-to-own lets you rent a home with an option to buy later. You pay rent plus extra money toward the purchase, but you're not obligated to buy. Thu, 23 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/seasoning https://homebuyer.com/learn/seasoning Seasoning is when lenders require down payment funds to be in your account for 60+ days. This proves the money is yours and not borrowed for the down payment. Wed, 22 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/underwriting https://homebuyer.com/learn/underwriting Underwriting is when lenders verify your income, assets, credit, and property to approve your loan. It takes 1-3 weeks and determines your final loan approval. Wed, 22 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/balloon-mortgage https://homebuyer.com/learn/balloon-mortgage Balloon mortgages have low payments for 5-7 years, then require a large lump sum payment. Risky for buyers who may not be able to refinance or pay the balloon payment when due. Tue, 21 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/soft-credit-check https://homebuyer.com/learn/soft-credit-check Soft credit checks don't affect your credit score and are used for pre-qualifications and rate quotes. Hard pulls are used for actual loan applications and do impact your score. Tue, 21 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/title-insurance https://homebuyer.com/learn/title-insurance Title insurance protects against ownership disputes and costs several hundred to several thousand dollars. Lenders require it, and buyers typically get owner's coverage for full protection. Tue, 21 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/boarder-income https://homebuyer.com/learn/boarder-income Boarder income is rent from roommates or boarders. Lenders may count 75% of this income for mortgage qualification, but 2-year history and proper documentation are typically required. Mon, 20 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/clear-to-close https://homebuyer.com/learn/clear-to-close Clear-to-close means your loan is fully approved and ready for closing. You'll receive final closing disclosure 3 days before closing and can schedule your closing appointment. Mon, 20 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/basis-point https://homebuyer.com/learn/basis-point A basis point equals 0.01% (1/100th of a percent). Mortgage rates are often quoted in basis points - 25 basis points = 0.25% rate change. Used for precise rate discussions. Sun, 19 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/mortgage-backed-securities https://homebuyer.com/learn/mortgage-backed-securities Mortgage-backed securities are bundles of mortgage loans sold to investors. They provide liquidity to lenders and directly affect mortgage rates through supply and demand in the bond market. Sun, 19 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/deed https://homebuyer.com/learn/deed A deed is the legal document that transfers property ownership from seller to buyer. It must be signed, notarized, and recorded with the county to complete the sale. Sat, 18 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/mortgage-guidelines https://homebuyer.com/learn/mortgage-guidelines Mortgage guidelines are lender rules for loan approval covering credit scores, down payments, income, and employment. They vary by loan type and lender. Wed, 01 Nov 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/arms-length-transaction https://homebuyer.com/learn/arms-length-transaction Arms-length transactions are between unrelated parties at fair market value. Lenders require them to ensure accurate appraisals and prevent inflated prices that could lead to loan defaults. Fri, 27 Oct 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/apr https://homebuyer.com/learn/apr APR is the true cost of your loan including interest rate plus fees. It's higher than your interest rate and helps compare loans from different lenders. Thu, 26 Oct 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/assumable-mortgage https://homebuyer.com/learn/assumable-mortgage Assumable mortgages let buyers take over the seller's existing loan with its current rate. VA, FHA, and USDA loans are assumable; conventional loans usually aren't. Beneficial when rates are higher than the existing loan. Tue, 24 Oct 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/amortization https://homebuyer.com/learn/amortization Amortization is how mortgage payments are split between principal and interest. Early payments are mostly interest; later payments go more toward principal. Mon, 23 Oct 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/federal-reserve https://homebuyer.com/learn/federal-reserve The Federal Reserve sets interest rates that affect mortgage rates. When the Fed raises rates, mortgage rates typically increase. When they lower rates, mortgages get cheaper. Thu, 21 Sep 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/congress/helper-act https://homebuyer.com/congress/helper-act The HELPER Act of 2025 is a bipartisan bill to create a no-down payment, no-monthly-mortgage-insurance loan program for teachers, firefighters, law enforcement, and first responders. Fri, 19 May 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/usda-eligibility-map https://homebuyer.com/learn/usda-eligibility-map USDA loans require 0% down payment but only work in rural areas. The USDA eligibility map shows if your address qualifies for this no-down-payment loan program. Fri, 28 Apr 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/first-time-home-buyer-questions https://homebuyer.com/learn/first-time-home-buyer-questions Common first-time buyer questions: How much down payment do I need? (3-20%), What credit score is required? (580-620+), How much house can I afford? (3x annual income), When should I start? (6+ months before buying). Wed, 01 Mar 2023 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/home-loans-for-first-time-buyers https://homebuyer.com/learn/home-loans-for-first-time-buyers First-time buyer loans include FHA (3.5% down, 580+ credit), VA (0% down, military), USDA (0% down, rural), conventional (3% down, 620+ credit), and state programs. Wed, 30 Nov 2022 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/fhfa-mortgage-rate-discount https://homebuyer.com/learn/fhfa-mortgage-rate-discount FHFA offers first-time buyers a rate discount on conventional loans. Must be first-time buyer, income under area median, and use conventional financing. Thu, 10 Nov 2022 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/heloc https://homebuyer.com/heloc VA loans are government-backed mortgages available to military members, veterans, and surviving spouses with no down payment required, no mortgage insurance, and competitive interest rates. Tue, 01 Nov 2022 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/va-mortgage https://homebuyer.com/va-mortgage VA loans are government-backed mortgages available to military members, veterans, and surviving spouses with no down payment required, no mortgage insurance, and competitive interest rates. Tue, 01 Nov 2022 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) VA LoansMilitary BenefitsNo Down PaymentVeterans https://homebuyer.com/learn/good-neighbor-next-door https://homebuyer.com/learn/good-neighbor-next-door Good Neighbor Next Door offers 50% off HUD homes to teachers, firefighters, EMTs, and law enforcement. Must live in the home 3 years and work in the same area. Thu, 13 Oct 2022 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/home-loans-for-nurses https://homebuyer.com/learn/home-loans-for-nurses Nurses can qualify for all loan types (conventional, FHA, VA, USDA) with stable income. Overtime, shift differentials, and bonuses are typically documented for higher qualification amounts. Wed, 05 Oct 2022 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/buy-house-after-bankruptcy https://homebuyer.com/learn/buy-house-after-bankruptcy Houses can be purchased 2-4 years after bankruptcy depending on loan type. FHA requires 2 years, conventional 4 years. Credit rebuilding and down payment saving are typically important. Tue, 09 Aug 2022 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/first-time-home-buyer https://homebuyer.com/learn/first-time-home-buyer A first-time home buyer is someone who hasn't owned a home in the past 3 years. This status qualifies you for low down payment loans, grants, and special programs. Fri, 22 Jul 2022 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/401k-to-buy-house https://homebuyer.com/learn/401k-to-buy-house 401k funds can be borrowed to buy a home, or withdrawn (with penalties). Loans must be repaid within 5 years and don't affect credit. Tue, 19 Jul 2022 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/first-time-home-buyer-tips https://homebuyer.com/learn/first-time-home-buyer-tips First-time buyers typically improve credit scores 6+ months before buying, save 3-20% for down payments, get pre-approved first, and avoid major purchases during the process. Sat, 18 Jun 2022 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/adjustable-rate-mortgages https://homebuyer.com/learn/adjustable-rate-mortgages ARMs start with lower rates than fixed mortgages but can increase over time. Good for short-term ownership or when rates are high and expected to fall. Sat, 11 Jun 2022 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/fix-credit https://homebuyer.com/learn/fix-credit Credit can be improved in 6 months by paying bills on time, keeping credit utilization under 30%, disputing errors, and avoiding new credit applications. Payment history is typically the most important factor. Thu, 19 May 2022 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/down-payment-assistance https://homebuyer.com/learn/down-payment-assistance Programs that provide cash grants, low-interest loans, or tax incentives to help eligible home buyers cover down payments and closing costs when purchasing their first home. Tue, 17 May 2022 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/breaking-lease-to-buy-house https://homebuyer.com/learn/breaking-lease-to-buy-house You can break a lease to buy a house by paying early termination fees (1-2 months rent), finding a replacement tenant, or negotiating with your landlord. Wed, 06 Apr 2022 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/first-time-home-buyer-grants-programs https://homebuyer.com/learn/first-time-home-buyer-grants-programs 18 first-time home buyer programs with low down payments, cash grants, and government assistance. Tue, 22 Feb 2022 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/buy-house-with-bad-credit https://homebuyer.com/learn/buy-house-with-bad-credit Houses can be purchased with credit scores as low as 500-580 using FHA or VA loans. Credit improvement, larger down payments, and co-signers are common strategies. Thu, 10 Feb 2022 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/fha-mortgage https://homebuyer.com/fha-mortgage FHA loans are government-backed mortgages with a 3.5% down payment minimum, flexible credit requirements, and inclusive qualification standards that make homeownership more accessible. Sat, 05 Feb 2022 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) FHA LoansLow Down PaymentFirst-Time BuyersGovernment Loans https://homebuyer.com/learn/mortgage-gift-letter https://homebuyer.com/learn/mortgage-gift-letter A mortgage gift letter is a signed document from donors stating down payment funds are gifts (not loans). Required by lenders to verify gift funds don't need repayment. Wed, 26 Jan 2022 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/positive-home-buying-experience https://homebuyer.com/learn/positive-home-buying-experience Home buying stress can be managed by setting realistic expectations, working with experienced professionals, staying organized, and focusing on the long-term benefits of homeownership. Sat, 22 Jan 2022 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/mortgage-terms https://homebuyer.com/learn/mortgage-terms Comprehensive glossary of 200+ real estate and mortgage terms with simple definitions. Covers everything from APR to underwriting to help first-time buyers understand the process. Thu, 20 Jan 2022 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/what-do-you-need-to-buy-a-house https://homebuyer.com/learn/what-do-you-need-to-buy-a-house You need 7 things to buy a house: qualifying credit score (580+), proof of income, down payment (3-20%), realistic budget, loan program, pre-approval, and a real estate agent. Fri, 03 Dec 2021 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/home-maintenance-checklist https://homebuyer.com/learn/home-maintenance-checklist A complete home maintenance checklist covering move-in tasks, monthly upkeep, and seasonal maintenance to help homeowners protect their investment. Wed, 08 Sep 2021 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) home maintenancehomeowner tipshouse maintenanceseasonal maintenancehome caremaintenance checklist https://homebuyer.com/research/cheapest-state-to-buy-a-house https://homebuyer.com/research/cheapest-state-to-buy-a-house Discover which states offer the most affordable housing options for first-time homebuyers, with detailed rankings based on median home prices and median household incomes. Thu, 02 Sep 2021 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) affordabilityhousing costsstate rankings https://homebuyer.com/learn/questions-to-ask-at-an-open-house https://homebuyer.com/learn/questions-to-ask-at-an-open-house Ask 14 key questions at open houses: why the seller is moving, how long it's been listed, recent repairs, neighborhood issues, and utility costs to make informed decisions. Thu, 19 Aug 2021 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/what-does-a-title-company-do https://homebuyer.com/learn/what-does-a-title-company-do Title companies handle closing paperwork, conduct title searches, provide title insurance, and ensure clear property ownership. They protect buyers from ownership disputes and liens. Wed, 11 Aug 2021 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/first-time-home-buyer-mistakes https://homebuyer.com/learn/first-time-home-buyer-mistakes Common first-time buyer mistakes include thinking you need 20% down (3% minimum works), making major purchases before closing, skipping pre-approval, and not budgeting for closing costs. Wed, 04 Aug 2021 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/buying-a-house-in-your-early-20s https://homebuyer.com/learn/buying-a-house-in-your-early-20s Buying in your early 20s is possible with 3-5% down payments, FHA loans, co-signers, and first-time buyer programs. Early credit building and saving are typically important factors. Tue, 03 Aug 2021 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/good-luck-plants https://homebuyer.com/learn/good-luck-plants Learn about 15 plants believed to bring good luck, wealth, and positive energy to your home. From money trees to jade plants, discover which plants can enhance your living space and how to care for them properly. Tue, 06 Jul 2021 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) Good Luck PlantsFeng ShuiHouseplantsHome DecorPositive EnergyIndoor PlantsPlant Care https://homebuyer.com/congress/15000-first-time-home-buyer-tax-credit https://homebuyer.com/congress/15000-first-time-home-buyer-tax-credit The proposed $15,000 first-time homebuyer tax credit would provide refundable tax credits to eligible buyers. It's currently under consideration in Congress but not yet passed into law. Tue, 15 Jun 2021 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) first-time home buyertax credithousing policy2025 legislation https://homebuyer.com/learn/home-buying-guide-pet-parents https://homebuyer.com/learn/home-buying-guide-pet-parents Pet-friendly home buying considerations include checking HOA pet policies, looking for fenced yards, finding nearby parks/vets, considering pet-friendly flooring, and budgeting for pet deposits. Mon, 10 May 2021 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/what-is-a-move-in-ready-home https://homebuyer.com/learn/what-is-a-move-in-ready-home Move-in ready homes need no immediate repairs or updates. They typically have updated kitchens/baths, working HVAC, good flooring, fresh paint, and functioning appliances. Mon, 26 Apr 2021 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/congress/25000-first-time-home-buyer-downpayment-grant https://homebuyer.com/congress/25000-first-time-home-buyer-downpayment-grant A guide to the Downpayment Toward Equity Act of 2025, a proposed program giving $20,000 in downpayment assistance or more to first-generation home buyers. Tue, 20 Apr 2021 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/learn/energy-efficient-homes https://homebuyer.com/learn/energy-efficient-homes Energy-efficient features include LED lighting, Energy Star appliances, double-pane windows, proper insulation, programmable thermostats, and solar panels to save on utility bills. Wed, 31 Mar 2021 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/research/best-cities-for-young-adults https://homebuyer.com/research/best-cities-for-young-adults Discover which cities offer the best opportunities for young adults and professionals, with detailed rankings based on affordability, job markets, and quality of life factors. Tue, 22 Dec 2020 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) https://homebuyer.com/usda-mortgage https://homebuyer.com/usda-mortgage USDA mortgages are 100% home loans available in rural and suburban areas with no down payment required, low mortgage rates, and discounted mortgage insurance. Mon, 09 Nov 2020 00:00:00 GMT hello@homebuyer.com (Homebuyer.com) USDA LoansRural HousingNo Down PaymentGovernment Loans