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Conforming, FHA loan limits rose for 2024, but who benefits? 

Housing Wire

The self-employed homebuyer found an $800,000 home in Texas, but with the conforming loan limit for 2023 being $726,200, the buyer needed a jumbo loan or a bank statement loan. Those loan types would require a larger down payment of at least 10% of the home’s value, or $80,000, which would stretch his budget too thin.

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Down payments drop for the first time in nearly 2 years

Real Estate News

Dave Gallagher June 16, 2025 3 mins Homebuyer down payments have started to dip, a sign that those who are using loans to help finance their purchases are shifting their focus to less expensive homes. There has also been an uptick in buyers using FHA and VA loans, which require lower down payments. a year ago.

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As mortgage rates near 8%, loan originators target first-time homebuyers

Housing Wire

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 authorities and lenders added 54 homebuyer assistance programs in Q3: report

Housing Wire

For this reason, many programs now allow funds to be used for buydowns and other popular financing strategies that take the edge off of monthly mortgage payments,” Rob Chrane, founder and CEO of DPR, said in a statement. Buydowns have become a preferred financing strategy for borrowers as mortgage rates have surged.

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Redfin: Homebuyers’ average down payment rises to 16% of purchase price

Housing Wire

That means house hunters dont necessarily need to break the bank for a huge down payment if it makes more financial sense to save some money for things like future home renovations or other investments. Department of Veterans Affairs (VA) loans made up 6.7% FHA loans were most common in Riverside, California (25.4%

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ARMs, government loans are the hottest things in mortgage

Housing Wire

“It feels like the right moment for this product,” said Jeana Curro , who leads agency MBS research at Bank of America. And there has been a move away from Fannie Mae and Freddie Mac products and toward offerings from the Federal Housing Administration (FHA) and U.S. It was a more affordable mortgage.” ”

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FHA does a solid for mortgage credit rejects. Will it move the needle for loan officers?

Housing Wire

Demand for FHA loans have risen over the past year to comprise 23.8% The FHA/VA share in Q2 2023 stood at 22.9% of the entire mortgage origination volume, up from 18% in Q2 2022, according to data compiled by Inside Mortgage Finance and Urban Institute. to qualify for a FHA loan.