Housing Wire

MAY 14, 2024

With the Fed gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In late 2021, Congress renewed a 10 basis point tax on Fannie Mae and Freddie Mac loans for another decade – not based on loan risk, but to pay for non-housing spending.

FHA loan 449

FHA loan Loans Title Banks 449

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%

VA loan 482

VA loan Agents Seller concession FHA loan 482

Housing Wire

APRIL 9, 2024

With the Federal Reserve gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In late 2021, Congress renewed a 10-basis point tax on Fannie Mae and Freddie Mac loans for another decade — not based on loan risk, but to pay for non-housing spending.

FHA loan 476

FHA loan Loans Title Mortgages 476

Housing Wire

MARCH 22, 2023

Redfin attributed the drop in down payment amount and percentage to the slower housing market , lower home prices, and higher housing costs due to rising mortgage rates. One silver lining of high mortgage rates and economic turmoil is that they’ve slowed competition,” Sheharyar Bokhari, Redfin’s senior economist, said in a statement.

VA loan 435

VA loan FHA loan Loans Mortgages 435

Housing Wire

MARCH 25, 2021

What it really comes down to is whether or not you feel comfortable paying a mortgage (and all the other fun expenses that come with having a home), while also paying off student loans. Here’s what to expect in the mortgage application process. 3 underrated mortgage products to consider. More for Real Estate Enthusiasts.

Debt-to-income ratio 511

Debt-to-income ratio Loans FHA loan Finance 511

Housing Wire

FEBRUARY 15, 2024

They’re using a DPA program through the New Jersey Housing and Mortgage Finance Agency (NJHMFA). They made good money, but with student loans and car payments, they didn’t have the money for the down payment and closing costs,” Saller said. said Michael Ullmann, a producing branch leader at Movement Mortgage.

FHA loan 476

FHA loan Loans Closing costs Loan Officer 476

Redfin

FEBRUARY 18, 2025

Can you roll closing costs into your mortgage? Basically, folding your closing costs into your loan means you’ll need less cash upfront at closing. However, the trade-off is higher monthly payments and more interest paid over the life of the loan. What are closing costs?

Closing costs 52

Closing costs Closing VA loan Seller concession 52

Housing Wire

NOVEMBER 30, 2022

Credit reports are getting a lot pricier, and some mortgage lenders are none too pleased about it. 22, the National Consumer Reporting Agency told its members that the “vast majority” of mortgage lenders would see price increases between 10% and 400% from Fair Isaac Corp. In a letter dated Nov.

Mortgages 418

Mortgages FHA loan Loans Closing costs 418

Housing Wire

AUGUST 30, 2024

As a salve, a vocal minority of activists say that “simply” allowing the financing of buyer-agent commissions into mortgages will resolve all concerns. For reasons both practical and legal, buyer-agent commissions are not today explicitly financeable with a mortgage. This claim is misguided, oversimplifying a more complicated reality.

Finance 448

Finance Agents FHA loan Closing costs 448

Housing Wire

JUNE 9, 2022

For government loans, such as a Fannie Mae Homestyle Renovation loan, first-time buyers can qualify with a down payment as low as 3%, but renovation costs are limited to 75% of the home’s after-repair value, and borrowers must pay higher fees and closing costs than they would on other types of mortgage loans.

FHA loan 370

FHA loan Renovation Equity Loans 370

Housing Wire

OCTOBER 27, 2020

Mortgage lending has gotten stricter during the COVID-19 pandemic. Low-down and government-backed mortgages. Both VA and USDA loans require zero down payment. To qualify for a VA loan, borrowers must be military members or veterans and meet certain service requirements. The bottom line?

VA loan 418

VA loan FHA loan Loans Banks 418

Marco Santarelli

MARCH 4, 2025

Today's mortgage rates on March 4, 2025, show a slight decrease, particularly in the 30-year fixed mortgage rate, which sits at an average of 6.26%. However, mortgage rates have dropped nearly 30 basis points from their February average and plunged last week amid market fears of an economic slowdown. mortgage rates.

Mortgages 119

Mortgages Debt-to-income ratio VA loan FHA loan 119

Housing Wire

NOVEMBER 30, 2023

DPAs can take various forms, such as grants, loans or second mortgages, and they are typically tailored to meet the specific needs of the target demographic. Loans: Second mortgages that are paid monthly along with your primary mortgage. With an FHA loan , borrowers can put down as little as 3.5%

FHA loan 448

FHA loan Loans Equity Mortgages 448

RIS Media

MAY 19, 2021

Non-Recurring Costs Associated With the Lender. Loan origination fee, loan discount, appraisal fee, credit report, lender’s inspection fee, mortgage broker fee, tax service fee, flood certification fee, flood monitoring, etc. May vary widely between lenders and are not dependent on the cost of the loan.

Closing costs 116

Closing costs Closing Pre-approval VA loan 116

HomeLight

FEBRUARY 12, 2021

You’ve just received the first offer on your home — and it’s backed by an FHA loan. So what do you need to know about FHA loans as a seller? Today, FHA loans represent a fair share of the mortgage market; in 2018, the FHA insured 12.1% of all mortgage originations. down payment.

FHA loan 111

FHA loan Loans Pre-approval Pre-qualification 111

HomeLight

JUNE 18, 2021

During the excitement of searching for a home and getting preapproved for a loan , closing costs may get overlooked. Many buyers tend to budget for their monthly mortgage payment and their down payment , but closing costs need to be considered in the equation as well. What are closing costs ?

Closing costs 105

Closing costs Closing Mortgages Title 105

HomeLight

OCTOBER 11, 2021

You’re getting ready to start shopping for a house, and you’re pretty certain you want to go with an FHA loan. The Federal Housing Administration backs loans with less strict credit requirements and low down payment options to help families become homeowners. How much house can you afford if you’re getting an FHA loan?

FHA loan 104

FHA loan Loans Debt-to-income ratio Closing costs 104

Redfin

JANUARY 28, 2025

If you’re exploring mortgage options or looking to sell your home, whether its a charming home in Nashville or a spacious townhome in Houston , you might wonder: Are FHA loans assumable? Here’s how FHA assumable mortgages work and why they might be worth considering. Are FHA loans assumable?

FHA loan 31

FHA loan Loans Closing costs Mortgages 31

HomeLight

AUGUST 31, 2021

The FHA doesn’t lend money itself. Instead, it insures mortgages made by lenders. The FHA backing lets lenders offer easier credit terms than non-FHA loans. FHA loans are especially important for first-time buyers. But more than 80% of those FHA borrowers were first-time homebuyers.

FHA loan 105

FHA loan Loans Debt-to-income ratio Banks 105

Realty Biz

MARCH 16, 2023

Are you trying to decide the best mortgage options for buying your first home? If qualifying for a conventional loan is difficult, and you aren't eligible for VA or USDA loans, an FHA loan could be the answer. FHA loans allow you to pay 3.5% But there are also downsides to FHA-insured loans.

FHA loan 88

FHA loan Loans Debt-to-income ratio Due diligence 88

HomeLight

APRIL 14, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Michigan? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase.

Closing costs 102

Closing costs Closing FHA loan Inspection 102

AAOA

APRIL 14, 2025

Your monthly mortgage payments will be smaller. Conventional loans often require 20-25% down for apartment buildings. Government-backed loans might have lower requirements. FHA loans, for instance, may allow as little as 3.5-10% Each loan type has pros and cons. for buildings with up to four units.

FHA loan 64

FHA loan Finance Loans Closing costs 64

HomeLight

APRIL 14, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Georgia (GA)? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase. to purchase a home in.

Closing costs 105

Closing costs Closing Title Loans 105

HomeLight

SEPTEMBER 30, 2020

Does that mean you might encounter even more reasons to cry while trying to get a short sale mortgage loan ? Securing a short sale mortgage loan isn’t that different from purchasing a standard home. In a short sale, the owner owes more on their mortgage loan than the house is worth. Well, it depends.

Short sale 138

Short sale Loans Sales Pre-approval 138

HomeLight

APRIL 12, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Massachusetts (MA)? The example costs provided are based on median home prices and typical fees. Your closing costs may differ depending on your circumstances and the terms of your home purchase. What are closing costs?

Closing costs 104

Closing costs Closing Purchase and sale agreement Title search 104

HomeLight

JANUARY 29, 2021

Other than that, you’re on the hook for the same closing costs as any other seller. Closing costs without a Realtor® typically average 1% to 7% of the final sale price. Mandatory costs include a long list of fees and taxes from involved parties such as the local and state government and mortgage lenders.

Closing costs 98

Closing costs Closing Seller concession Title search 98

HomeLight

JUNE 15, 2023

After finding their dream home and signing the purchase contract , most buyers feel on top of the world … until they see the Loan Estimate or preliminary closing statement (if buying in cash). Did the closing costs for the buyer in particular catch you by surprise? Get Started What does a buyer pay in closing costs?

Closing costs 98

Closing costs Closing Title Inspection 98

Housing Wire

NOVEMBER 15, 2023

We’ve explored how mortgage LOs might be affected , how MLSs might evolve in a world without cooperative compensation and assessed NAR’s ability to fight the verdict. It may potentially harm buyers if they cannot afford representation for themselves after making deposits and closing costs.

Purchase and sale agreement 468

Purchase and sale agreement MLS Agents FHA loan 468

Marco Santarelli

MARCH 31, 2025

Let's talk about today's mortgage rates for March 31, 2025. The average rate for a 30-year fixed mortgage is currently sitting at 6.59%, down just slightly from previous days. This rate environment makes careful shopping and understanding your loan options even more critical. Thinking about buying a home or refinancing?

Mortgages 65

Mortgages Principal Loans VA loan 65

Realty Biz

JULY 6, 2023

Two common strategies sellers use to entice potential buyers are offering a closing cost credit or a price reduction. A seller credit, or a closing cost credit, is an agreement where the seller agrees to pay a portion of the buyer's closing costs. What Is a Seller Credit? Let's take a look.

Closing costs 85

Closing costs Closing Purchase and sale agreement Seller concession 85

HomeLight

NOVEMBER 20, 2023

Finding an assumable mortgage is like a dual treasure hunt. As a buyer, you will not only be looking for the right home at the right price, but you’ll also be on an expedition to discover if the seller’s loan is assumable. There are typically fewer fees involved when you do an assumable mortgage rather than a new origination.

FHA loan 115

FHA loan Mortgages VA loan Loans 115

Marco Santarelli

DECEMBER 22, 2024

Mortgage refinance rates hold significant importance for homeowners who aim to lower their monthly payments or leverage their home equity for new financial opportunities. Understanding mortgage refinance rates is not just a matter of numbers; it is about aligning your financial goals with the best available options.

Mortgages 52

Mortgages Fixed-rate mortgage Equity Loans 52

Marco Santarelli

MAY 27, 2024

Soaring mortgage rates in 2024? Let's face it, today's mortgage rates can sting. If you're in the market for a house, that 7% average rate on a 30-year fixed loan might feel like a brick wall blocking your dream of homeownership. There's a little-known weapon in your arsenal: the assumable mortgage.

Debt-to-income ratio 96

Debt-to-income ratio Mortgages FHA loan VA loan 96

Point2Homes

DECEMBER 15, 2021

There are many types of mortgages for homebuyers to consider in the U.S. Assumable mortgages aren’t as common as others, but they can offer a wealth of benefits in the right circumstances. What Is an Assumable Mortgage? How Does an Assumable Mortgage Work? Are All Mortgage Types Assumable? Let’s find out more.

Debt-to-income ratio 109

Debt-to-income ratio VA loan Mortgages FHA loan 109

The Close

NOVEMBER 25, 2024

However, it’s undeniable that the upfront costs can be pricey. Multifamily mortgage loans typically require 20% of the property price for a down payment, and there are inevitable maintenance and property management costs. The higher the home’s sale price, the higher your closing costs.

Purchase and sale agreement 105

Purchase and sale agreement Property Management Hard money loan Investor 105

Realty Biz

DECEMBER 10, 2020

Tips For Getting Preapproved For a Mortgage. It is effortless to start looking at homes that you will later find you can’t afford when you try to get approved for a mortgage. However, if you have a mortgage preapproval , you will know where you stand and be in a stronger position when making an offer.

Loans 144

Loans Mortgages Pre-approval Pre-qualification 144

Marco Santarelli

APRIL 2, 2025

There's some welcome news on the mortgage front today, April 2, 2025. The average rate for a 30-year fixed mortgage has finally dipped, offering a bit of relief to those watching rates closely. Today's Mortgage Rates April 2, 2025: 30-Year Fixed Rate Drops to 6.5% Reason for the Drop: Likely influenced by the recent U.S.

Mortgages 52

Mortgages Fixed-rate mortgage Loans Principal 52