Found 3 blog entries tagged as Financing.

The Shutdown Is a Speed Bump, Not a Real Estate Deal Breaker!

As the federal government shutdown drags on, there are some ripple effects in the housing market. Programs like FHA, VA, and USDA loans are severely delayed or halted altogether, leaving thousands of home transactions in limbo because crucial paperwork is stuck in bureaucratic gridlock. The complete suspension of USDA loans and the shutdown of the National Flood Insurance Program (NFIP) are exacerbating the issue, impacting an estimated 3,600 home closings daily, valued at $1.6 billion.

Here’s what you need to know:

  • FHA, VA, and USDA loans may encounter significant processing delays.

  • The National Flood Insurance Program (NFIP) is…

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Can You Buy a Home with Crypto? Yes, But Read This First.

Cryptocurrency saw gains this week, with Bitcoin surpassing $100,000 for the first time since February. The digital currency market has already disrupted banking, finance, and art. Now, it’s knocking at the door of real estate. Yes, you can buy a home with Bitcoin, Ethereum, or another digital currency. But before you start moving your Dogecoin to a cold wallet and house-hunting in Westchester, there are a few key things you should know:

  1. Not All Sellers Will Accept Crypto: 

    The deal often requires converting your cryptocurrency into dollars through a third-party service or crypto-friendly escrow company. It’s rare (but not impossible) to find sellers willing to…

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Get Rewarded for Renting

Rocket Mortgage has introduced a new initiative, Rocket Rent Rewards, aimed at assisting renters in transitioning to homeownership by offering up to $5,000 toward closing costs. This program allows eligible homebuyers to receive a credit equivalent to 10% of their total rent payments over the past year when they secure a mortgage through Rocket Mortgage.

  • Eligibility: Renters who have consistently made payments over the last 12 months finance a home through Rocket Mortgage.

  • Benefit Calculation: 10% of the total rent paid in the previous year, up to $5,000.

Ralph’s Take

This is a strategic way to make homeownership a little more accessible for renters. Consistently…

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