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Opinion: More financing options for ADUs are needed

Housing Wire

For homeowners, ADUs can generate substantial rental income that assists homeowners in covering escalating property taxes and mortgage payments. Importantly, homeowners can also include 50% of their estimated rental income when applying for an FHA renovation loan to construct an ADU, which helps with DTI constraints.

Finance 430
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Foreclosures are rising, but it’s not yet alarming

Housing Wire

The impact of tax and insurance liabilities There are some growing concerns stemming from inflation and the rising costs of property taxes and insurance premiums, which may be problematic for some households, particularly older Americans with fixed incomes. With home values across the U.S. With home values across the U.S.

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How to Appeal Your Property Taxes in King County

Will Springer Realtor

The state requires that county assessors inspect every property at least every six years to maintain accurate information about the parcel and structures. Local governments are limited to a 1% annual increase in property tax revenue regardless of changes in property values – but there is a catch. overall increase.

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FHA drafts guidance to expand financing on homes with ADUs

Housing Wire

The related financial obligations for HECM loans include property taxes, homeowner’s insurance and homeowner’s association fees, if applicable. On the West Coast , Seattle saw a 250% ADU construction increase from 2019 to 2022. The popularity of ADUs has increased in recent years.

Finance 359
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Homeowners are staying in place twice as long as they did 20 years ago: Redfin

Housing Wire

For that group, the median monthly cost of owning a home — which includes insurance and property taxes, among other things — is just over $600 (similar to the monthly cost for other generations with no outstanding mortgage, but other generations are far less likely to own homes free and clear),” the report stated. “A

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Closing costs: Here’s how much money you really need to buy a house

Housing Wire

Property Tax. Closing costs include property taxes, which are fees paid to the county treasurer’s office that fund schools, road construction, fire and police departments, as well as other local services. These costs vary depending on your state but can range from $500 to $8,000.

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Desktop appraisal option to start in March

Housing Wire

The option is not available for second homes, investment properties, cash-out refinances, construction loans, multi-unit properties, renovation loans, condos, co-ops or manufactured homes.

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