Housing Wire

JULY 26, 2021

below June 2020’s pace of nearly 900,000, as the price of new homes in June 2021 rose to approximately 6% above last year’s average price. The median sales price of new houses sold in June 2021 was $361,800. By product type, conventional loans were 74.4% June’s pace is also 19.4% months,” Hale added.

Sales 448

Sales VA loan FHA loan Loans 448

Housing Wire

OCTOBER 6, 2023

” PRMG offers a comprehensive range of mortgage products, including conventional, FHA, VA, USDA and jumbo loans. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans. 4-7, in Las Vegas. “We’re people who have been around for a while.

Mortgages 493

Mortgages VA loan Finance Renovation 493

Housing Wire

AUGUST 22, 2022

July was another rough month for homebuilders, with mortgage applications for new home purchases dropping 16.1% The MBA’s estimate of new home sales came in at a 591,000-unit sales pace in July, the slowest since April 2020. from the revised 56,000 new home sales in June. and VA loans composed 11.4%.

VA loan 370

VA loan FHA loan New Construction Loans 370

Realtor.com

JANUARY 11, 2023

Getty Images Many first-time homebuyers might presume they’re better off going used rather than new—in other words, purchasing a pre-existing property rather than pricey new construction. Unless you want to be waiting a long time to buy your first home, you should consider new-construction homes.

New Construction 110

New Construction Construction VA loan Finance 110

Housing Wire

SEPTEMBER 22, 2023

However, a silver lining in the subdued housing market is the strength in new-home sales. Kim: A bit of good news for lenders in Q2 was that their production volume went up and origination costs went down. They did for a quarter as households sort of adjusted to the idea that they were going to be running at a new higher level.

FHA loan 476

FHA loan Bankruptcy Marketing Loans 476

Housing Wire

DECEMBER 6, 2024

Some popular real estate newsletter content includes: Market updates Featured listings Industry news Local news Community events Agent profiles Investment opportunities No matter what content you choose to include, your real estate newsletter should serve as a meaningful touchpoint that continuously builds your client relationships.

Pre-approval 397

Pre-approval Design Agents Industrial 397

Housing Wire

MAY 31, 2022

Among them are Geneva Financial , a mortgage lender headquartered in Arizona, which opened a branch location in Chicago, and New Western , a real estate investment firm, which also launched its first office in Chicago, marking its expansion with its 43rd office location in its 19th state. Department of Agriculture (USDA).

Mortgages 397

Mortgages Loans Lending Construction 397

Realty Biz

FEBRUARY 24, 2024

Department of Veterans Affairs (VA) plays a crucial role in making this dream a reality. While many veterans are familiar with traditional VA home loans, there are additional options that cater to specific needs – VA Jumbo Loans and VA Construction Loans.

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Loans Construction VA loan Finance 102

BAM Media

DECEMBER 11, 2024

Inventory Recovery and New Construction Lead the Way Housing inventory is rebounding, with November 2024 marking the highest number of homes for sale since December 2019. The South and West, however, are closing the gap faster, thanks in part to robust new construction activity.

New Construction 59

New Construction Marketing VA loan Construction 59

Realty Biz

JULY 20, 2022

For some buyers, there might even be a no down payment home loan available. One of the reasons FHA mortgages are so popular is their lower credit scoring requirements than other loan programs. These mortgage companies were created by Congress to make sure home loans were more easily available to qualified home buyers.

Loans 131

Loans FHA loan VA loan Renovation 131

HomeLight

AUGUST 9, 2022

We’ll get into loan specifics later, but to give you some actual numbers to make sense of everything for the moment, consider this: While 20% has long been touted as the so-called ideal amount , it takes significant savings to afford putting this much down payment on a home — and it’s certainly not the norm for first-time buyers.

Earnest money deposit 111

Earnest money deposit VA loan Purchase and sale agreement FHA loan 111

RIS Media

SEPTEMBER 21, 2021

Unadjusted, MBA estimates there were 71,000 new-home sales in August 2021—an increase of 10.9% from 64,000 new-home sales in July. By product type: – Conventional Loans: 75.1% of loan applications. – FHA Loans: 13.8%. – RHS/USDA Loans: 0.6%. – VA Loans: 10.5%.

Mortgages 105

Mortgages VA loan FHA loan Loans 105

Marco Santarelli

DECEMBER 12, 2024

The South and West have emerged as prominent locations for new construction, which helps boost inventory levels. The increase in inventory is partly due to new construction, which has been actively responding to the demand for more homes. However, new construction isn't the only driver of improved inventory.

Marketing 59

Marketing VA loan New Construction Construction 59

Marco Santarelli

DECEMBER 12, 2024

This translates to a strong demand for housing due to frequent relocations and the presence of VA loan benefits. This factor is further highlighted by the relative affordability when combined with government-backed loans that offer lower down payment requirements. Are you looking for the next big real estate opportunity?

VA loan 52

VA loan Marketing Pre-approval FHA loan 52

The Close

NOVEMBER 25, 2022

During that time, I’ve found that helping service members find new homes is a challenging, lucrative, and personally rewarding niche to work as a Realtor. We are their trusted advisers, and are often their first point of contact in a new city. Easy financing through VA loans. But is it the right niche for you?

VA loan 82

VA loan Loans Loan Officer Finance 82

Realtor.com

NOVEMBER 9, 2022

” As home prices hit new heights over the past few years, down payments in the tightest markets went up and up—a combination of sellers’ demands and buyers’ tactics to beat out the competition. 7), new construction is limited, so buyers are competing over a very small selection of properties. 3), for example.

VA loan 111

VA loan FHA loan Loans Sales 111

HomeLight

JANUARY 6, 2021

Older homes can have more issues — such as plumbing or an electrical system that’s not up to code — and an inspector might charge more to look at a 100-year-old home than they would for new construction. Even a new construction home could have issues if the contractor cuts corners. Source: (Valmedia / ShutterStock).

Inspection 97

Inspection Inspection contingency New Construction VA loan 97

HomeLight

APRIL 14, 2023

That said, you can still expect to pay at least a few thousand dollars in standard taxes, services, and processing fees before being handed the keys to your new home. If someone buys a house and pays cash without a loan, then the total closing costs can be as low as $1,000, Jefferson says. “If to purchase a home in.

Closing costs 105

Closing costs Closing Title Loans 105

Realtor.com

NOVEMBER 28, 2022

While there are a variety of mortgages aimed at helping homebuyers afford a home—such as FHA loans and VA loans —one type that’s often overlooked are USDA loans, which offer excellent terms to those who qualify, including a 0% down payment and low interest rates. What is a USDA loan?

Loans 95

Loans Mortgages FHA loan Debt-to-income ratio 95

HomeLight

JUNE 4, 2021

Luckily, that isn’t necessarily what a multifamily home is. A multifamily home is a residential property that has one or more housing units and you’ll find it in many forms. Multifamily homes also can be a great way to begin your foray as a real estate investor. They can serve as a wealth-building tool and as a way to generate passive income.

Residential 111

Residential Commercial Investor Property Management 111

HomeLight

APRIL 20, 2023

Richie Helali , a licensed, senior mortgage advisor at HomeLight Home Loans , says that closing costs are most often paid through wire transfer or certified check, along with the down payment for the mortgage. The good news is that both buyers and sellers are responsible for certain fees and closing costs. What are closing costs?

Closing costs 104

Closing costs Closing Inspection Loans 104

HomeLight

APRIL 13, 2023

Richie Helali , a licensed senior mortgage advisor at HomeLight Home Loans , says that closing costs are most often paid through wire transfer or certified check, along with the down payment for your home loan (which is not part of your closing costs but is typically due at the same time). 480 Loan origination fees ( 0.5%

Closing costs 103

Closing costs Closing Title Inspection 103

Realty Biz

SEPTEMBER 23, 2023

Buyer agents can provide valuable support in various situations, such as buying a new home or purchasing a foreclosure. Buyer agents play a crucial role in real estate transactions. They provide services such as guiding buyers through the home buying process, offering expertise in the local market, and assisting with negotiation and closing.

Purchase and sale agreement 70

Purchase and sale agreement Pre-approval Agents Pre-qualification 70

Marco Santarelli

APRIL 19, 2024

Housing affordability has become so strained that an increasing number of buyers are being pushed into the new home market , where prices are typically higher but supply is more abundant than the existing home inventory. New home sales clocked in at 662,000 units in February , up a robust 5.9% million units. Still, that figure is 3.3%

Marketing 52

Marketing VA loan Construction Mortgages 52

HomeLight

SEPTEMBER 1, 2022

Raymer says that for her clients, especially first-time buyers, she suggests an FHA loan, which only requires 3.5% Consider the following down payment assistance programs in Florida: Florida Assist (FL Assist) : The Florida Assist program will loan up to $10,000 in closing costs on approved FHA, VA, USDA, and conventional mortgage loans.

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Earnest money deposit FHA loan Title Purchase and sale agreement 106

Redfin

FEBRUARY 4, 2022

These qualities are what sets them apart from new construction, such as a modern craftsman home or ranch style house. But, buyers beware, owning a historic home isn’t always as easy and breezy as maintaining a newly constructed one. Is it an example of a historic style or was constructed by a prominent architect? .

Construction 69

Construction Inspection Proof of funds Renovation 69

Marco Santarelli

JULY 25, 2024

Is your dream home slipping through your fingers? Soaring mortgage rates have turned the once-idyllic pursuit of homeownership into a financial obstacle course. With every Fed meeting , hearts race as homeowners and hopeful buyers alike anxiously await the verdict. August 2024 is no exception. What Are the Mortgage Rate Predictions for August 2024?

Mortgages 52

Mortgages VA loan Fixed-rate mortgage Finance 52

Redfin

AUGUST 2, 2022

And if you’re considering life on the water, is a floating home right for you? Here’s what to know. What is a floating house? A floating house is a home located on a floating foundation and connected to utilities. Although used interchangeably, it’s not the same thing as a houseboat. A floating home stays put on the dock where it is moored at.

VA loan 59

VA loan FHA loan Loans Design 59

Housing Wire

SEPTEMBER 14, 2023

AAPI buyers are most likely to be waiting for prices to drop and African-American/Black buyers are most likely to report trouble getting approved for a loan due to credit issues as the main reason they have not bought yet. First time buyers (54%) are more than twice as likely as repeat buyers (22%) to consider an FHA loan.

FHA loan 468

FHA loan VA loan Loans Finance 468

RIS Media

MAY 24, 2021

If you choose a conventional or FHA loan, a down payment is required. The amount of the down payment that’s needed is based on the home’s price and property type, as well as the loan product. The amount of the down payment that’s needed is based on the home’s price and property type, as well as the loan product.

Closing costs 98

Closing costs FHA loan Principal Loans 98

Real Trends

SEPTEMBER 14, 2023

AAPI buyers are most likely to be waiting for prices to drop and African-American/Black buyers are most likely to report trouble getting approved for a loan due to credit issues as the main reason they have not bought yet. First time buyers (54%) are more than twice as likely as repeat buyers (22%) to consider an FHA loan.

FHA loan 89

FHA loan VA loan Loans Finance 89

Housing Wire

NOVEMBER 21, 2024

As existing-home sales dwindle due to high mortgage rates and the lock-in effect, buyers continue turning to new construction options. And Mortgage Bankers Association (MBA) data shows a shifting attitude as mortgage applications for new homes surged in October. Department of Agriculture (USDA) loans at 0.4%.

Mortgages 397

Mortgages VA loan FHA loan Construction 397

Marco Santarelli

DECEMBER 15, 2024

Inventory challenges persist, but new builds could address the gap: Builders may shift focus to affordable housing solutions to cater to fresh demand. Giving up those rates to take on a new, more expensive mortgage deters sellers from entering the market, shrinking supply. The housing market, however, doesnt operate in a vacuum.

Mortgages 59

Mortgages New Construction Construction VA loan 59