Housing Wire

OCTOBER 24, 2024

The rest are saving their equity with us by either selling to us or allowing us to list.” But the magnitude of the discount for some buyer segments, coupled with an analysis of subsequent resales (flips), points to possible equity stripping in some cases. Most of the homeowners don’t qualify for refinancing. “I I give them everything.

Bankruptcy 448

Bankruptcy Equity Hard money loan Finance 448

Housing Wire

JANUARY 9, 2024

Here are a few trends in financing that will continue to catalyze the construction of more ADUs: Expanded access to mortgage financing The Federal Housing Authority announced a new policy in October 2023 that has made it easier to finance construction of new ADUs, as well as making it more achievable to buy or refinance a house with an existing ADU.

Finance 501

Finance Construction Loans Renovation 501

Housing Wire

JANUARY 30, 2025

For example, 30% of purchase transactions were new construction last year. If you’re a loan officer, you should have a construction product that focuses on builders, developers and Realtors. And, its focusing on areas like construction, non-QM, the fix-and-flip and second lien production.

New Construction 286

New Construction Construction Marketing Investor 286

Housing Wire

MAY 8, 2023

Once the transfer of ownership occurs at foreclosure auction, a distressed property can be renovated and returned to the retail market as affordable housing for homeowners or renters. “[I My renovated homes are] reducing the number of rental properties , which in our town has become a source of demise.” In 2019 the number was 200,000.

Renovation 435

Renovation Equity Mortgages Development 435

Housing Wire

JULY 8, 2024

We are pleased to partner with Shawn and the Archwest team to deliver dynamic financing solutions to home builders , renovators and landlords who are expanding and improving the critically undersupplied U.S. Its product mix includes fix-and-flip loans, bridge loans and construction loans.

Residential 434

Residential Lending Finance Investor 434

Housing Wire

NOVEMBER 21, 2023

Its portfolio includes construction to perm, renovation financing, builder programs and home equity line of credits , among others. ” Correia highlighted CMG’s products as a reason for Shamrock choosing the company.

Loan Officer 446

Loan Officer Lending Loans Finance 446

Housing Wire

FEBRUARY 6, 2025

Buyers want affordable new homes, yet new construction listings are still playing catch up with their high-priced counterparts. If that isnt spectacular enough, Deephaven offers interest-only options for maximum property cash flow alongside cash-out solutions to consolidate debt and unlock equity. Why is that important?

Loans 295

Loans Mortgages Equity Construction 295

Housing Wire

DECEMBER 30, 2022

Mortgage demand picked up in recent weeks due to rates declining to 6% levels and a massive backlog of homes under construction, as mentioned by HousingWire ‘s lead analyst Logan Mohtashami in a recent column. Instead, they’ll be seeking to renovate their homes.”.

Loans 435

Loans Renovation Construction Mortgages 435

Housing Wire

APRIL 27, 2021

Atlas Real Estate and DivcoWest declared last week that they will spend $1 billion “acquiring and renovating homes in high-growth states including Colorado, Arizona, Idaho, Nevada, and Utah,” according to a press release. The companies entered into a joint venture that puts $250 million of equity into single-family rental homes.

Equity 370

Equity Renovation Construction Investor 370

Housing Wire

APRIL 20, 2022

Homepoint’s “New Build program” connects homebuilders with business purpose construction financing through in-region mortgage brokers, with loan amounts up to $4 million per unit or $25 million per project.

Loans 397

Loans Lending Construction Banks 397

Housing Wire

NOVEMBER 30, 2021

The amount of equity in these loans, the underwriting, the guardrails around ATR have proven that this is a real, sustainable product that investors like.”. New construction has been hit hard by supply chain disruptions and materials and labor shortages, and inventory of existing homes is tight. Refinance decline.

Lending 429

Lending Loans Investor New Construction 429

Housing Wire

APRIL 27, 2023

The lawsuit claims further that the company “ignored permitting laws to avoid fees and increased taxes as well as to get renovated homes on the rental market as soon as possible.” Invitation Homes (IH) spent about $25,000 on renovations per home for its California SFR portfolio, pleadings in the lawsuit state.

Renovation 384

Renovation Residential Commercial As-is 384

Housing Wire

MARCH 28, 2022

With that said, with tight margins of around 5% , time is short, meaning human value creation (renovations big or small) are usually foregone in favor of an algorithmically determined window dictating when to buy or flip. To de-risk transactions, tailored add-ons are important. Andy Bodrog is Partnerships Director, Property at Cover Genius.

Marketing 397

Marketing Title Closing costs Technology 397

Housing Wire

SEPTEMBER 22, 2022

This month, she is lucky to have $2 million in her pipeline thanks to closing deals on a construction loan, a condo and a vacant lot. Credit scores are at record highs, and equity positions have never been stronger. During the past 18 months — when refis were low-hanging fruit — the LO closed around $3 million a month.

Mortgages 397

Mortgages Loan Officer Loans Equity 397

Housing Wire

JANUARY 6, 2023

As a mortgage banker who does business solely in New Jersey, Gallo expects to see home equity loans and mortgage loans getting love in the new year — due primarily to the lack of inventory in his market and the equity built up in owners’ homes. Chris Gallo: We did see a lot of that with just equity in homes going up.

Loan Officer 435

Loan Officer Loans Equity Mortgages 435

Housing Wire

OCTOBER 17, 2023

Fix-and-flip investors — who tend to be smaller entrepreneurial players — acquire, renovate and then sell existing single-family homes — and, in some cases, hold them for rent for a time, depending on market conditions. It remained way below the 44.6% level from the second quarter of 2022 and far beneath a recent peak of 60.8%

Investor 447

Investor Finance Loans Renovation 447

HomeLight

JANUARY 29, 2021

But rather than draining their savings, most homeowners opt to finance their home home improvement with credit or a home renovation loan. If you’re considering taking out a home renovation loan to spruce up a powder room or gut the kitchen, we’ve got you covered. An overview of home renovation loan options. Construction loan.

Renovation 98

Renovation Loans Equity Construction 98

RIS Media

DECEMBER 10, 2020

CoreLogic® recently released the Home Equity Report for the third quarter of 2020. homeowners with mortgages (which account for roughly 63 percent of all properties) have seen equity increase by 10.8 This marks the largest average equity gain since the first quarter of 2014. The report shows U.S. percent to 1.6

Equity 111

Equity Mortgages Renovation Construction 111

Realtor.com

NOVEMBER 17, 2022

Many homebuyers may find the added expense of new construction well worth it, due to the money they stand to save on renovations and repairs that might crop up in an older home. But homebuyers should also know that they can lower the costs of new construction right when they make the purchase through some smart negotiation tactics.

New Construction 126

New Construction Construction Development Renovation 126

HomeLight

DECEMBER 31, 2021

Homeowners with mortgages saw their home equity blossom 31% in 2021, according to a report from CoreLogic, a remarkable increase for such a short period of time. As you map out your plans for 2022, you may be thinking of ways to keep building more equity or use what you’ve recently acquired. What is home equity in simple terms?

Equity 116

Equity Principal Loans Renovation 116

Realty Biz

AUGUST 28, 2021

There are many reasons why people decide to renovate homes. Reports show that most people planning a renovation intend to spend $10,000 or more. Before making any major decisions, consider what you want out of the renovation for tomorrow and the next 5 or 10 years. Investors have earned big profits with fix-n-flip remodels.

Renovation 98

Renovation Inspection Equity Construction 98

HomeLight

AUGUST 30, 2021

A garage renovation is a daunting task that requires budgeting, thoughtful planning, and the help of skilled professionals. Budget your garage renovation. The first step of your garage renovation is to budget for the upgrades and services you’ll need. . 10% to 20% of total construction project cost. 252 – $793.

Renovation 111

Renovation Equity Construction Loans 111

HomeLight

SEPTEMBER 25, 2023

Explore a bridge loan and let your home’s equity help fund your next house in the short term. Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. You can get funding for materials and equipment for construction. Need to Buy Before You Sell?

Equity 109

Equity Loans Debt-to-income ratio Home sale contingency 109

HomeLight

JUNE 14, 2023

Most home renovation shows would have you believe that gutting and remodeling your house is as simple as a 30-minute programming block. According to HomeAdvisor, a full home renovation costs $150,000 on the high end, and that doesn’t account for unexpected bumps along the way.

Renovation 141

Renovation Construction Design As-is 141

Realty Biz

AUGUST 5, 2023

Buying a new construction home has its pros and cons. There are also limitations regarding changes during construction and potentially longer commutes from commercial areas and schools. Locating a cheap house to build often means deviating from standard new construction. Different types of new homes can be less expensive.

New Construction 73

New Construction Construction Equity Commercial 73

GeekEstate

OCTOBER 29, 2021

are up 16% year-over-year, interest rates remain near historic lows and housing construction starts are up meaningfully for the first time in more than a decade (for more detail on this, see my recent housing market update ). In the second quarter of 2021, homeowner equity grew by nearly $3 trillion, according to CoreLogic.

Technology 136

Technology Marketing Purchase and sale agreement Equity 136

Lighter Side of Real Estate

MAY 31, 2022

The chances are you’ve gained some incredible equity if you’ve owned your house for some time. In fact, according to this REALTOR Magazine article , the average homeowner has gained $240,000 in equity in just the past 10 years! So doing the work could get costly and take too much time to benefit from the current market conditions.

Renovation 104

Renovation Equity Construction Loans 104

Realty Biz

JULY 20, 2022

However, once you have 20% equity in the property, you can apply to have this removed. This type of mortgage can be used, not only, to buy homes in rural areas, but also for renovations, new constructions, and relocating a house. If you bought a home in the last few years, it will make sense to check on your equity.

Loans 131

Loans FHA loan VA loan Renovation 131

Realtor.com

APRIL 15, 2021

Renovation companies will stay busy this year and into next as homeowners finally get around to that big kitchen remodel or adding a home office, predict renovation experts. They were also able to tap into their home equity, as home values rose sharply over the past year as buyers rushed into the market.

Renovation 110

Renovation Design Equity Construction 110

Realty Biz

AUGUST 1, 2021

First, establish a budget for your custom home and determine your timeframe for construction. Though the old house down the street may not seem like much, with a bit of TLC and construction work , you may be able to bring your dream home to life. Renovate your current home. The bottom line.

Renovation 102

Renovation Construction Equity Loans 102

RIS Media

JANUARY 21, 2022

The LIRA projects double-digit gains in annual homeowner renovation and maintenance expenditure will top out in the third quarter of 2022 before beginning a deceleration toward more sustainable rates of growth.

Renovation 105

Renovation Equity Construction As-is 105

HomeLight

OCTOBER 24, 2022

The average cost of kitchen remodeling ranges dramatically with variables like size, finish quality, labor costs, and depth of the renovation differing from project to project. Kitchen islands are, in fact, one of the hotter kitchen renovation trends at the moment, as every kitchen needs more counter space.”.

Renovation 124

Renovation Loans Equity Design 124

Marco Santarelli

JULY 5, 2024

Equity Cushion : Many homeowners now have substantial equity in their homes, providing a buffer against potential downturns. Construction and Development The construction industry plays a pivotal role in addressing the market trends: New Housing Developments : There’s an uptick in new housing developments to cater to demand.

Marketing 131

Marketing Lending Fixed-rate mortgage Investor 131

Realty Biz

JUNE 25, 2023

Those who have a house they've been paying off for years accumulate equity, which can be used as a part of your portfolio. To give you an example of what having equity can do, look at home equity lines of credit (HELOCs). Many don't realize it at first, but even homeownership is a type of investment.

House Flipping 102

House Flipping New Construction Equity Construction 102

Realtor.com

APRIL 22, 2021

Many homeowners are opting to use their homes as collateral to finance renovation projects, and that is even more tempting because of the recent surge in tappable home equity, the amount available to homeowners with mortgages to borrow against while still maintaining at least 20% equity in their homes.

Equity 88

Equity Renovation Banks Lending 88

HomeLight

JANUARY 4, 2023

Apply for a home equity line of credit (HELOC). Applying for a home equity line of credit (HELOC) can be one way to get the money you need for larger repairs. “We’ve Your home’s equity serves as collateral for the line of credit. Also, construction and repair companies will sometimes offer their own financing options.

Equity 123

Equity Finance Loans Development 123

Marco Santarelli

JANUARY 27, 2023

When it comes to investing in residential real estate, there are only two basic types of property you can invest in – new construction and resale. New construction properties are those that are purchased directly from the builder or developer who constructed the property. They are the owner and seller.

New Construction 52

New Construction Construction Probate sale Investor 52