Housing Wire

OCTOBER 24, 2023

Patton Gade, the top producing loan officer for VA home loans in the U.S. Military Academy at West Point, will continue to originate loans and hold the national director of military lending position at UMortgage. He’ll join forces with fellow veteran loan originator Jay Bunte in the brokerage firm.

VA loan 448

VA loan Loans Loan Officer Brokerage 448

Housing Wire

FEBRUARY 15, 2024

Department of Veteran Affairs (VA) loans through its Tinman platform. We’ve been working toward launching a VA product for the past two years,” Vishal Garg, founder and CEO of Better, said in an interview with HousingWire. “We Better’s rate for VA loans was 6.375% as of Tuesday afternoon, the company said.

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VA loan Loans Loan Officer FHA loan 435

Housing Wire

OCTOBER 20, 2022

on Wednesday announced that it has released an Attorney Opinion Letter (AOL) product for VA direct and VA-backed home loans as a compliant alternative to title insurance. Voxtur previously announced this year that it had produced an AOL for Fannie Mae loans. Real estate tech firm Voxtur Analytics Corp.

VA loan 418

VA loan Loans Title Land 418

Housing Wire

FEBRUARY 11, 2022

The VA loan is an important financing tool for VA-eligible borrowers to achieve their homeownership dream. In 2021 one in two VA borrowers was a first-time homebuyer (FTHB). . The average VA FTHB’s interest rate was 2.90% and the quarterly FTHB VA purchase loan volume stayed elevated. In 2020, 3.82

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VA loan Loans Lending Finance 397

Housing Wire

DECEMBER 17, 2024

Conventional loans accounted for 61.6% of applications, Federal Housing Administration (FHA) loans for 28% and U.S. Department of Veterans Affairs (VA) loans for 9.9% The average loan size for new homes decreased to $402,873, down from $409,942 in October. Mortgage applications for new-home purchases increased 7.2%

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FHA loan VA loan Mortgages Loans 397

Housing Wire

FEBRUARY 13, 2025

Loan locks for refinances rose more than 20% year over year while purchase lock counts saw a 6% decrease, according to Optimal Blue ‘s January 2025 Market Advantage mortgage data report released Thursday. of all locked loans in January. The average loan amount there was $576,385. It was followed by Dallas (3.4%

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VA loan FHA loan Mortgages Loans 321

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. Earlier in my life, I was directed away from using a VA loan when I purchased my first home. Who is eligible?

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VA loan Loans Mortgages Lending 468

Keeping Current Matters

NOVEMBER 11, 2021

The purpose of Veterans Affairs (VA) home loans is to provide a pathway to homeownership for those who have sacrificed so much by serving our nation. For over 75 years, VA home loans have provided millions of veterans and their families the opportunity to purchase their own homes. 2020 Data on VA Home Loans.

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VA loan Loans Mortgages As-is 307

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.

Loans 542

Loans VA loan FHA loan Finance 542

Housing Wire

OCTOBER 11, 2023

The country’s top lender, United Wholesale Mortgage (UWM), raised agency conforming loan limits to $750,000 following other firms’ moves ahead of the Federal Housing Finance Agency ’s (FHFA) decision expected next month. UWM will honor expected limits for conventional and VA loans locked starting Oct. This represents a 3.2%

Loans 468

Loans VA loan Finance Mortgages 468

Housing Wire

MAY 25, 2022

The Department of Veterans Affairs last week announced it is streamlining the loan approval process for borrowers with a VA-appointed fiduciary and for veteran borrowers who apply for a joint loan. The VA did not immediately respond to requests for comment. The post VA removes pre-approval process for some loans?

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Pre-approval Loans VA loan Land 459

Housing Wire

JANUARY 12, 2022

Mortgage rates increased significantly across all loan types last week as the Federal Reserve ’s signaling of tighter policy ahead pushed U.S. Adjustable-rate mortgage (ARM) share of activity dipped to 3.1 % of total loan applications. Meanwhile, the share of total applications that made up FHA and VA loans grew to 9.9%

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Loans Fixed-rate mortgage Mortgages VA loan 468

Housing Wire

NOVEMBER 8, 2024

Sears cited the trade group’s efforts in advocating for changes in VA loan procedures. Department of Veterans Affairs can still use their loan benefit when working with a buyer’s agent regardless of how their agent is being compensated. So, as I look to 2025 and where we want to go, it is to stick to the basics.

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VA loan Commercial Loans Staging 370

Housing Wire

NOVEMBER 4, 2024

But for first-time and other cash-strapped buyers—those who are not relying on the proceeds of a home sale, who may be using a 100% financed VA loan, whose agents may be layering forms of assistance to put together enough cash for closing—knowing in advance about the seller’s contribution to their agent costs may be essential.

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Debt-to-income ratio Agents VA loan MLS 321

Housing Wire

MAY 21, 2024

VA policy states that while a veteran is allowed to use a buyer broker to purchase a home using their VA loan benefit, they “may not under any circumstances, be charged a brokerage fee or commission in connection with the services of such individuals.”

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VA loan Agents Loans MLS 523

Housing Wire

JUNE 11, 2024

Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee. Behr, program analyst at the department’s Loan Guaranty Service and Veterans Benefits Administration, said in a statement.

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VA loan Loans Brokerage MLS 523

Housing Wire

OCTOBER 4, 2023

In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically. 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.

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FHA loan Loans Loan Officer Mortgages 468

Housing Wire

MAY 24, 2024

Nearly 1 in 5 millennials (19%) think their credit card debt will be a stumbling block when applying for a mortgage, while 1 in 7 (14%) think the same about their student loans. How student loans impact your ability to buy a home Adding a mortgage on top of monthly student loan payments can create a significant financial strain.

Debt-to-income ratio 468

Debt-to-income ratio Loans Pre-approval VA loan 468

Housing Wire

NOVEMBER 16, 2020

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. 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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VA loan FHA loan Mortgages Loans 501

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. In September, government-insured FHA loans represented a little over 15% of U.S.

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FHA loan VA loan Mortgages Loans 468

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser. “I

VA loan 418

VA loan Agents Pre-approval Debt-to-income ratio 418

Housing Wire

SEPTEMBER 1, 2020

The Consumer Financial Protection Bureau issued a consent order against two companies on Tuesday following recent investigations of mortgage companies that use deceptive mailers to advertise loans guaranteed by the United States Department of Veterans Affairs. Millennials led the pack for VA refinances with a 463% jump year over year.

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VA loan Mortgages Loans Principal 501

Housing Wire

MARCH 11, 2025

After hitting a multiyear low in December, conforming loan volume continued to edge higher for a second straight month, reaching 52% of total lock volume. The Federal Housing Administration (FHA) share remained just above 20%, while the Department of Veterans Affairs (VA) share grew slightly to 11.5%. from the prior month.

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Loans Equity Mortgages As-is 320

Housing Wire

OCTOBER 25, 2024

With NAR’s settlement requiring agents to have a signed buyer agency agreement with every buyer that spells out how much the agent will be paid in a transaction, many believed that buyers using a loan from the U.S. Department of Veterans Affairs (VA) would be disadvantaged. The temporary guidance went into effect on Aug.

VA loan 448

VA loan Purchase and sale agreement Loans Agents 448

Housing Wire

JANUARY 3, 2023

My hope is that many of the features and policies that have made the VA loan the safest mortgage in the U.S. My hope is that many of the features and policies that have made the VA loan the safest mortgage in the U.S. That said, modernization is a good thing as well and should never be feared.

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VA loan Loans HR Due diligence 83

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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VA loan Agents Seller concession FHA loan 482

Housing Wire

JUNE 5, 2024

Department of Veterans Affairs (VA) loan applications. And the VA share of total applications increased from 12% to 12.1% The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased from 7.05% to 7.07%, with points increasing from 0.63 the previous week.

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VA loan Mortgages Fixed-rate mortgage Loans 480

Housing Wire

APRIL 5, 2022

Dubbed the “Fast 15 Guarantee,” eligible loans for conventional single family homes will be cleared to close in no more than 15 business days from the submission of a complete loan file, according to Rocket Pro TPO, the wholesale arm of the lending giant. Most of that has to do with a lot of buyers in the market.

Closing 397

Closing Loans VA loan Mortgages 397

Housing Wire

JANUARY 5, 2021

For example, some loans require as little as 3% down. . What type of loan: Conventional loan. Conventional loans aren’t insured by the government but are backed by private lenders. Conventional loans aren’t insured by the government but are backed by private lenders. What type of loan: FHA loan.

FHA loan 546

FHA loan VA loan Loans Mortgages 546

Housing Wire

DECEMBER 3, 2023

Loans in active foreclosure inched up to 217,000, but remained more than 25% below pre-pandemic levels. About 70% of loans currently three or more payments past due are protected from foreclosure by ongoing loss mitigation efforts. In 2024, roughly 75% of originations expected to come from purchase loans. for VA loans.

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Equity VA loan FHA loan Mortgages 468

Housing Wire

SEPTEMBER 23, 2024

Department of Veterans Affairs (VA) space. Before that, Bergjans spent eight years at Caliber Home Loans , including stints as national director of military and veteran lending and as head of retail business development. loanDepot executive vice president John Bianchi said the hiring reinforces the company’s commitment to VA lending.

VA loan 448

VA loan Lending Loans Loan Officer 448

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). HousingWire ’s Mortgage Rates Center showed that the average 30-year conforming loan rate was 6.77% on Wednesday, down from 7.01% a week earlier.

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VA loan FHA loan Loans Mortgages 476

Housing Wire

MARCH 27, 2024

Department of Veteran Affairs (VA) to revise its policies that ban veterans from paying broker commissions, an issue that is gaining attention following the NAR’s landmark $418 million settlement. The currency policy will put VA buyers on the sidelines, especially in a market with already tight inventory, Sears pointed out.

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VA loan Loans Principal Mortgages 476

Housing Wire

NOVEMBER 7, 2023

Smith will engage with both the military community as well as real estate professionals to further education on VA mortgage products. Unfortunately, too many veterans, as well as too many real estate professionals, don’t have the understanding they need to successfully utilize VA loans.

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Lending VA loan Loans Mortgages 426

Housing Wire

OCTOBER 9, 2024

decline in purchase loan demand. 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%

VA loan 458

VA loan Mortgages FHA loan Loans 458

Housing Wire

AUGUST 1, 2024

That’s according to survey results released Thursday by Veterans United Home Loans, which show that 60% of prospective buyers are taking the election into account. Veterans United Home Loans is a full-service lender based in Columbia, Missouri. But affordability and mortgage rates are the primary reasons why they’re holding off.

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VA loan Loans Finance Mortgages 508

Housing Wire

JULY 26, 2024

Giving the company the “staff the agency needs to fulfill its responsibilities” will allow it to “focus on its core mission, including marketing Ginnie Mae securities to global investors and conducting oversight of the 300-plus companies that issue Ginnie Mae securities backed by FHA, RHS, and VA loans,” the letter explained.

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VA loan Loans Mortgages Banks 476