Housing Wire

NOVEMBER 10, 2023

Redfin classified purchases as all-cash when transactions had no mortgage loan information on the deed. FHA loan usage increases in September As sellers field fewer offers, buyers with FHA loans may have greater luck to close on a home. Meanwhile, military VA loans represented 6.3% respectively.

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Housing Wire

JANUARY 5, 2021

For example, some loans require as little as 3% down. . These loans are some of the most common because prospective homebuyers can put down as little as 3%. They also provide more flexibility, with some conventional loans offering anywhere between a 10 to 30 year fixed mortgage rate. What type of loan: FHA loan.

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Housing Wire

NOVEMBER 16, 2020

Here are your choices: FHA mortgages. FHA mortgages are insured by the Federal Housing Administration. They allow for lower credit scores than most other loans. The one caveat with FHA loans is that they require a Mortgage Insurance Premium both at closing and as part of your monthly payment.

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Housing Wire

DECEMBER 3, 2023

In 2024, roughly 75% of originations expected to come from purchase loans. Despite compressed volumes, cash-out refinance loans fueled what is left of the refinance market accounting for 92% of the third quarter activity. in October, also a series high, while the average among FHA and VA loans hit 45.5%

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Housing Wire

MARCH 22, 2023

The less competitive market has also resulted in more buyers using FHA and VA loans. In January, 16% of mortgaged home sales used an FHA loan , up from 13.3% a year ago, while the share of mortgaged sales using VA loans rose to 7.5% Detroit saw the highest share of FHA loans at 29.5%

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Housing Wire

OCTOBER 4, 2023

But LOs who cater to first-time homebuyers’ needs – offering FHA loans and down payment assistance loans — are faring better, Michael Ullmann, producing branch leader at Movement Mortgage , explained. “So It was a similar story for Steve Miller, branch manager and senior loan officer at Embrace Home Loans.

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Housing Wire

JANUARY 10, 2024

The increase in purchase and refinance applications for both conventional and government loans is promising to start the year but was likely due to some catch-up in activity after the holiday season and year-end rate declines,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. for the week ending Jan. from 14.5%

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Housing Wire

NOVEMBER 9, 2023

A total of 224 programs will fund certain upfront loan fees including the upfront mortgage insurance premium on FHA loans , the funding fee on VA loans and the guarantee fees on USDA loans. Of the 295 programs, 253 will fund permanent buydowns and 66 will subsidize temporary buydowns.

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Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

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Housing Wire

AUGUST 7, 2024

Refinance applications picked up as mortgage rates fell last week, but purchase loan activity had only a small gain, according to data released Wednesday by the Mortgage Bankers Association (MBA). The average rate for jumbo loans (balances above $766,550) fell 30 bps to 6.77%. “As Department of Veterans Affairs (VA) loans were 14.3%

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Housing Wire

OCTOBER 9, 2024

“Conventional loan refinances, which tend to have larger balances than government loans and hence are more responsive for a given change in mortgage rates, fell to a greater extent over the week.” 4, Federal Housing Administration (FHA) loans decreased by 40 bps and represented 16.2% of new applications. of applications.

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Housing Wire

NOVEMBER 7, 2024

In second-quarter 2024, high home prices and soaring mortgage rates caused more homeowners to struggle with their loan payments. Delinquency rates include loans at least 30 days past due. The quarterly survey reviews late-payment and foreclosure rates based on loan type, geographical information and demographic data.

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Housing Wire

OCTOBER 4, 2023

The share of Federal Housing Administration (FHA) loan activity inched up to 14.5% Meanwhile, the share of Department of Veterans Affairs (VA) loan activity of total mortgage applications was 10.1%, down from 10.9% The Department of Agriculture (USDA) loan share of activity remained unchanged at 0.5%. from 14.1%

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Housing Wire

MAY 25, 2021

Mortgages would be subject to FHA loan limits. The benefit is modeled on the widely used home loan program for veterans, which is administered by the Department of Veterans Affairs. The benefit is modeled on the widely used home loan program for veterans, which is administered by the Department of Veterans Affairs.

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Housing Wire

OCTOBER 19, 2021

New home sales purchase activity was weaker in September, and the average loan size rose to another record high, as homebuilders continue to grapple with rising building materials costs and labor shortages. When looking at loans by product type, conventional loans made up 75.1% and RHS/USDA loans made up the final 0.5%.

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Housing Wire

DECEMBER 8, 2021

VA loans comprised 10.7%, increasing seven basis points. Meanwhile, FHA loans went from 8.9% The post Mortgage applications are up, on the strength of FHA refis appeared first on HousingWire. Refinance apps fell 36.5% year over year, and purchase apps decreased 9.4% in the same period. the previous week.

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Housing Wire

SEPTEMBER 25, 2024

And the rate for Federal Housing Administration (FHA) loans dropped to 5.99%, “breaking the psychologically important 6% level,“ according Joel Kan, the MBA’s vice president and deputy chief economist. “As Rising home prices are reflected in larger loan sizes. Demand for U.S.

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FHA loan Mortgages VA loan Fixed-rate mortgage 448

Housing Wire

NOVEMBER 8, 2023

3, total home loan applications increased 2.5% Applications for both purchase and refinance loans were up over the week but remained at low levels,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. “”The The share of Federal Housing Administration (FHA) loan activity remained unchanged at 14.7%.

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Housing Wire

APRIL 16, 2024

A higher FHA share can be a sign of more first-time buyer activity, but that segment of buyers is also more sensitive to affordability challenges.” In February, conventional loans accounted for 63% of applications for new homes. Federal Housing Administration (FHA) loans accounted for 26.4% Applications were up 6.2%

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Housing Wire

JULY 18, 2024

By loan type, conventional mortgages continued to comprise the majority of applications for new homes, accounting for 60.8% Notably, Federal Housing Administration (FHA) loans gained market share, rising from 26.5% Department of Veterans Affairs (VA) loans accounted for 10.2% of the total in June.

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Mortgages VA loan FHA loan Loans 493

Housing Wire

OCTOBER 18, 2023

The share of Federal Housing Administration (FHA) loan activity inched up to 14.8% The share of Department of Veterans Affairs (VA) loan activity was 10.7%, up from 10.2% the week prior while the share of Department of Agriculture (USDA) loan activity held steady at 0.5%. Meanwhile, the ARM share was 9.3%, 0.1

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Mortgages VA loan FHA loan Loans 482

Housing Wire

DECEMBER 15, 2021

decline in applications for government loans. Would-be homebuyers are finding it hard to compete with FHA and VA loans in a purchase market defined by low inventory. The strength in conventional purchase activity continues to support higher loan balances, which moved back over $400,000. the previous week.

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Housing Wire

FEBRUARY 20, 2025

.” Kan also pointed out an increase in the share of Federal Housing Administration (FHA) loan applications for new homes as a key driver for more sales. FHA loans now account for more than 30% of new-home applications the highest share in the history of the BAS. of the total, up from 9.9% in December 2024.

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Housing Wire

NOVEMBER 16, 2021

Regarding product type, conventional mortgage loans reigned supreme, making up 75.7% of loan applications. FHA loans composed 13.5% of applications, while VA loans and USDA loans composed 10.3% in October, which is almost five times the average annual change,” he added. 2021, up 6.4%

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Housing Wire

MARCH 25, 2021

If you’re a first-time homebuyer (or you already own a home), you’ve heard of mortgage loans. You have your conventional loans, FHA loans, VA loans, USDA loans and so on. But there’s another type of loan, not too many people are familiar with that can make the home buying process much easier.

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Housing Wire

JUNE 17, 2021

By product type, conventional loans made up 743.9% of loan applications, FHA loans composed 14.8%, RHS/USDA loans cam in around 0.9% and VA loans provided 10.4%. According to the data, housing starts increased 3.6% in May to a rate of 1.57 Censes Bureau releases each month.

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Housing Wire

MARCH 11, 2024

The index for Federal Housing Administration (FHA) loans rose 28 bps to 6.66%, while the U.S. Department of Veterans Affairs (VA) index rose 41 bps to 6.50% and the jumbo index rose 37 bps to 7.35%. Meanwhile, conforming loans maintained a steady share of 57%, with slight decreases in the FHA and VA loan shares.

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Housing Wire

MAY 19, 2022

Over half of the applications were for loan amounts greater than $400,000, the MBA said. Conventional loans accounted for 76.7% of loan applications. Federal Housing Administration (FHA) loans composed 13.1%, Veterans Affairs (VA) loans took up 10.1% from 74,000 new home sales in March. .

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Housing Wire

JULY 20, 2021

Conventional mortgage loans composed 74.4% of loan applications in June, while FHA loans composed 14%. RHS/USDA loans composed 1% and VA loans composed 10.6%. The average loan size of new homes increased from $384,323 in May to $392,370 in June. percent,” Palim said Tuesday.

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Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The fees are typically lower than in new loans, and no appraisal is needed. The product, known as an assumable mortgage, is not new.

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Housing Wire

SEPTEMBER 6, 2024

Mortgage rate pricing for homebuyers hasn’t changed significantly as lenders have already priced in a Federal Reserve rate cut of 25 basis points (bps) that is expected later this month, loan originators told HousingWire. Department of Veterans Affairs (VA) loan with no points or buydowns. That did not happen. since July 2023.

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Mortgages VA loan FHA loan Fixed-rate mortgage 476

Housing Wire

DECEMBER 16, 2021

There also continues to be a shift to the higher end of the market, which is also contributing to the higher loan amounts.”. By product type, conventional loans made up 76.3% of loan applications, while FHA loans and VA loans composed 13.2% USDA loans made up 0.5% Presented by: Total Expert.

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Housing Wire

MAY 26, 2021

Joe Tyrrell, ICE president, said the recent findings align with the company’s 2020 Borrower and Lender Insights Survey, which noted that digital mortgage technologies are making closing a mortgage loan “faster and easier.” Purchase mortgages on average took 49 days to close in April.

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Housing Wire

JUNE 5, 2024

Department of Veterans Affairs (VA) loan applications. Mortgage applications dropped 5.2% for the week ending May 31 compared to the prior week, according to the Mortgage Bankers Association (MBA), results that include an adjustment for the Memorial Day holiday. The refinance share of mortgage activity decreased to 31.1%

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Housing Wire

AUGUST 15, 2023

Applications for purchase loans on newly constructed homes remained strong in July, up 36% annually, as new homes continued to account for a growing share of homes available for sale,” said Joel Kan, MBA’s vice president and deputy chief economist. of purchase applications came from the FHA , the highest share since May 2020.

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Housing Wire

OCTOBER 27, 2020

Perfect credit would certainly make getting a loan easier (and cheaper), but it’s not a requirement by any means. FHA loans require just a 500 credit score, as long as you can make a 10% down payment, while VA loans have no credit score requirement whatsoever. Myth 3: You don’t have credit at all.

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Housing Wire

FEBRUARY 16, 2023

The delinquency rate for mortgage loans on one- to four-unit residential properties rose 51 basis points from the previous quarter to a seasonally adjusted rate of 3.96% of all loans outstanding in the fourth quarter of 2022, according to the Mortgage Bankers Association (MBA). “As trillion — a 13% decline — over the past two quarters.

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