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Not sure if your mortgage rate is final? Learn what can change your quote, how rate locks work, and how Better helps you secure your best rate with confidence. Read more
Not sure if your mortgage rate is final? Learn what can change your quote, how rate locks work, and how Better helps you secure your best rate with confidence. Read more
What is a purchase contract in real estate? Learn how this binding agreement between buyer and seller works, what it includes, and why state laws matter. Read more
What is a purchase contract in real estate? Learn how this binding agreement between buyer and seller works, what it includes, and why state laws matter. Read more
Yes, we do offer mortgages for the purchase of foreclosed and/or bank-owned properties. However, any required repairs must be completed in a timely manner, and the home must receive a C4 rating or better following its appraisal. We hear you asking: "What is a C4 rating?" In short, a C4 rating is a standardized assessment of a property's condition, born out of a larger initiative to improve the consistency of home appraisals in the United States. "Condition ratings," as they are known, start at C1 and go right through to C6âwhich designates a property "in need of substantial repairs and rehabilitation." To receive a C4 rating, a home must meet the following conditions: "The improvements feature some minor deferred maintenance and physical deterioration due to normal wear and tear. The dwelling has been adequately maintained and requires only minimal repairs to building components/mechanical systems and cosmetic repairs. All major building components have been adequately maintained and are functionally adequate.". Read more
Yes, we do offer mortgages for the purchase of foreclosed and/or bank-owned properties. However, any required repairs must be completed in a timely manner, and the home must receive a C4 rating or better following its appraisal. We hear you asking: "What is a C4 rating?" In short, a C4 rating is a standardized assessment of a property's condition, born out of a larger initiative to improve the consistency of home appraisals in the United States. "Condition ratings," as they are known, start at C1 and go right through to C6âwhich designates a property "in need of substantial repairs and rehabilitation." To receive a C4 rating, a home must meet the following conditions: "The improvements feature some minor deferred maintenance and physical deterioration due to normal wear and tear. The dwelling has been adequately maintained and requires only minimal repairs to building components/mechanical systems and cosmetic repairs. All major building components have been adequately maintained and are functionally adequate.". Read more