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FHA loan limit increases to $498,257 in 2024

Housing Wire

The Federal Housing Administration (FHA) is increasing the “floor” and “ceiling” FHA loan limits in 2024 to $498,257 and $1,149,825, respectively, the FHA announced Tuesday. The new FHA loan limits apply to forward mortgages for a one-unit property and take effect on Jan.

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FHA loan limit increases to $524,225 in 2025

Housing Wire

The Federal Housing Administration (FHA) is increasing the “floor” and “ceiling” FHA loan limits in 2025 to $524,225 and $1,209,750, respectively, the agency announced Tuesday. The new FHA loan limits apply to forward mortgages for a one-unit property and take effect on Jan. There are some exceptions.

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Mortgage applications for new construction climbed in August

Housing Wire

Demand for newly constructed homes continues to remain high as existing for-sale inventory remains historically low. Mortgage applications for new home purchases increased 20.6% MBA’s survey tracks application volume from mortgage subsidiaries of homebuilders across the country. By product type, conventional loans made up 65.8%

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Mortgage applications for new construction homes ticked up in July

Housing Wire

With strong demand and limited options for existing homes, many homebuyers are turning to new construction. Mortgage applications for new construction home purchases increased 35.5% in July on a year-over-year basis, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data.

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Eyeing expansion, Go Mortgage snags 160+ former FoA employees

Housing Wire

More than 160 employees from the now-shuttered Finance of America Mortgage have landed at Go Mortgage , a Columbus, Ohio-based lender. In the coming months, more former FoA employees are expected to “trickle in” to Go Mortgage’s retail division, which will bring the total number to 200.

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October saw mortgage apps rise for new homes by 6%

Housing Wire

Mortgage applications for new home purchases dipped by 15.2% year-to-year in October, according to a monthly builder survey published by the Mortgage Bankers Association this week. In September , the average mortgage loan size of new homes clocked in at $408,522, the survey found. of loan applications. Recent U.S.

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Mortgage demand slumps over the holidays

Housing Wire

Mortgage demand fell over the holidays despite declining mortgage rates. Mortgage applications decreased 9.4% 29 compared to two weeks earlier, according to data from the Mortgage Bankers Association (MBA). The share of Federal Housing Administration (FHA) loan activity decreased to 14.5%

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