Housing Wire

JULY 18, 2024

The data, derived from the trade group’s survey of homebuilders, is “consistent with broader declines in single-family construction and new building permits as well as typical seasonal patterns,” according to Joel Kan, vice president and deputy chief economist at the MBA. of the total in June. of the total in June and U.S.

Mortgages 487

Mortgages VA loan FHA loan Loans 487

Housing Wire

APRIL 16, 2024

In February, conventional loans accounted for 63% of applications for new homes. Federal Housing Administration (FHA) loans accounted for 26.4% Department of Veteran Affairs (VA) loans took a 10.4% Department of Agriculture (USDA) loans accounted for 0.3%. of applications , U.S. share, and U.S.

VA loan 458

VA loan FHA loan New Construction Loans 458

Housing Wire

JUNE 17, 2021

Lack of inventory and sweltering home prices have become a market norm for much of the industry, and May’s loan size data reported the trend has yet to abate. According to the BAS, the average loan size rose from $377,434 in April to $384,000 in May ?the the fourth consecutive month of rising loan sizes and a new survey high.

Sales 511

Sales VA loan FHA loan Loans 511

Housing Wire

NOVEMBER 16, 2023

of all new-home purchase applications as homebuyers turned to new construction for more housing options. Conventional loans made up 63.6% of new-home mortgage applications while VA loans comprised 9.8% of new-home loan applications in October.

Mortgages 482

Mortgages VA loan Loans New Construction 482

Housing Wire

OCTOBER 19, 2021

“New home sales purchase activity was weaker in September, and the average loan size rose to another record high, as homebuilders continue to grapple with rising building materials costs and labor shortages. When looking at loans by product type, conventional loans made up 75.1% and RHS/USDA loans made up the final 0.5%.

VA loan 435

VA loan FHA loan Mortgages Loans 435

Housing Wire

FEBRUARY 16, 2024

Mortgage applications for new homes surged in January as a lack of existing homes continued to fuel the demand for new construction. In January, conventional loans accounted for 64.5% of loan applications for new homes. Federal Housing Administration (FHA) loans accounted for 24.8% of applications, U.S. share and U.S.

VA loan 459

VA loan FHA loan New Construction Loans 459

Housing Wire

JANUARY 3, 2024

“The housing market has been hampered by a limited supply of homes for sale, but the recent strength in new residential construction will continue to help ease inventory shortages in the months to come,” Kan added. The share of Federal Housing Administration (FHA) loan activity decreased to 14.5% from 15% the week prior.

Mortgages 464

Mortgages VA loan FHA loan Loans 464

Housing Wire

JULY 20, 2021

” Mark Palim, deputy chief economist at Fannie Mae , said anecdotal reports of builders delaying or turning down orders to clear a growing construction backlog appears to be borne out by the recent housing starts data. With lumber prices recently pulling back, we expect some near-term strength in construction.

Marketing 511

Marketing VA loan FHA loan Loans 511

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. 7 loan officer in the country last year with a mortgage production volume of $326.5

Loan Officer 448

Loan Officer Mortgages VA loan Lending 448

Housing Wire

MAY 6, 2024

HUD also seeks to transition away from the discontinued Fannie Mae Form 1009, the residential loan application for reverse mortgages, to Form 1003, the Uniform Residential Loan Application (URLA). Department of Veterans Affairs (VA) loans.

VA loan 448

VA loan Principal Residential Loans 448

Housing Wire

MARCH 22, 2023

Department of Veterans Affairs (VA) announced on Wednesday that it will lower the VA Native American Direct Loan (NADL) program interest rate from 6% to 2.5% in an effort to make housing loans more affordable for Native American military veterans. interest rate for the life of the loan. from 2012 to 2021.

VA loan 418

VA loan Mortgages Land Loans 418

Housing Wire

FEBRUARY 20, 2025

The average loan size for new-home mortgages increased from $400,930 in December to $403,416 in January, according to MBA’s report. ” Kan also pointed out an increase in the share of Federal Housing Administration (FHA) loan applications for new homes as a key driver for more sales. .” year over year.

FHA loan 332

FHA loan Mortgages VA loan Loans 332

Housing Wire

MARCH 21, 2022

The loans that are exempt from RESPA. Loan types covered by RESPA are many, but there are specifically exempt loan types. Construction-only loans. A loan is not wrapped under RESPA if it is a construction-to-permanent loan. Loan for vacant land. Commercial or business loans.

Agents 369

Agents VA loan Land Construction 369

Housing Wire

JULY 20, 2023

Homebuilders constructed an annualized rate of 1.434 million houses in June, down 8% from May and 8.1% Single-family home constructions saw a 7% month-over-month decrease to rate of 935,000 in June. The average loan size decreased from $403,581 in May to $400,281 in June. Conventional loans accounted for 65.5%

Mortgages 370

Mortgages VA loan FHA loan Construction 370

Housing Wire

NOVEMBER 18, 2020

Although mortgage rates are low, survey data indicated that Texas mortgagees may be at a higher risk of foreclosure due to higher proportions of FHA and VA loans. The report said that although lot development slowed in Q3, single-family permits and construction values “ trended upward.”. According to the U.S.

VA loan 435

VA loan Construction Mortgages Development 435

Housing Wire

JULY 26, 2021

Zillow Economist Matthew Speakman said demand for new homes should remain hot, as home shoppers continue to favor new construction as an alternative to the “ultra-competitive” resale sector. By product type, conventional loans were 74.4% The average loan size of new homes increased from $384,323 in May to $392,370 in June.

Sales 448

Sales VA loan FHA loan Loans 448

Housing Wire

JULY 19, 2022

New residential construction and permitting activity weakened from March through May, which reduced the number of homes available for home buyers, according to survey results. The average loan size dropped to $426,966 in June from May’s $430,855, MBA said. Conventional loans accounted for 73.7% of loan applications.

Mortgages 370

Mortgages VA loan FHA loan Loans 370

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. Then, we have all the traditional financing options, including jumbo.”

Mortgages 493

Mortgages VA loan Finance Renovation 493

Housing Wire

AUGUST 22, 2022

“The slide in purchase applications for new homes – now down for the fourth consecutive month and 16% lower than a year ago – is consistent with data on declining homebuilder sentiment and slowing permitting activity for new construction.”. By product type, conventional loans composed 70.7% and VA loans composed 11.4%.

VA loan 370

VA loan FHA loan New Construction Loans 370

Housing Wire

MARCH 29, 2022

Chasing down missing pages can require several days of back-and-forth correspondence between processors and borrowers, extending loan cycle times and frustrating borrowers. Department of Veterans Affairs (VA), U.S. Perhaps the loan is associated with a construction project that could take an unknown number of months to complete.

Lending 369

Lending Earnest money deposit VA loan Loans 369

Housing Wire

MAY 31, 2022

Led by Irma DeLoen, Geneva Financial’s Chicago branch will offer products including conventional and government loans, such as loans from the Federal Housing Administration (FHA), Veterans Affairs and U.S. The expansion comes amid a surge in mortgage rates and declining loan origination volume. Department of Agriculture (USDA).

Mortgages 397

Mortgages Loans Lending Construction 397

Housing Wire

JUNE 23, 2021

. “Despite the jump in rates, refinances also increased for the second consecutive week, pushed higher by a 4% bump in conventional refinance applications,” Kan said, “Government purchase applications drove most of last week’s increase, which also contributed to a slightly lower overall average purchase loan size.”.

Fixed-rate mortgage 448

Fixed-rate mortgage Mortgages Loans Construction 448

BAM Media

DECEMBER 11, 2024

From rising inventory to government-backed loans, theyre proving that resilience and innovation can fuel growth even in uncertain times. 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.

New Construction 98

New Construction Marketing VA loan Construction 98

Realty Biz

FEBRUARY 24, 2024

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. However, the real estate market in certain areas may demand loan amounts that surpass these limits.

Loans 102

Loans Construction VA loan Finance 102

Housing Wire

DECEMBER 6, 2024

Evergreen topics might include: how to prepare to list your house, everything your client needs to know about VA loans; or which home improvements yield the best financial return in a home sale. Youll want some evergreen content you can pull from for your real estate newsletters.

Pre-approval 396

Pre-approval Design Industrial Agents 396

Housing Wire

MARCH 17, 2021

New home applications are down as well, as builders are still suffering from missing construction crews and the skyrocketing price of lumber and building materials. Rates have jumped north of 3% , with most recent reports showing it hovering around 3.5%. Home prices in general are staying high , as well.

Fixed-rate mortgage 435

Fixed-rate mortgage Mortgages Loans Construction 435

Housing Wire

SEPTEMBER 22, 2023

Read on to learn more about Duncan’s views on the housing market, loan performance and affordability challenges homebuyers face. The servicing side of the business is doing very well because those loans are simply not going to prepay for a long time. So, the servicing valuation on those loans is strong, because pre-payments are low.

FHA loan 476

FHA loan Bankruptcy Marketing Loans 476

The Mortgage Report

APRIL 20, 2021

A VA construction loan lets you buy land, build a home, and finance the mortgage with 0% down. But these loans can be hard to find. Learn more here.

Construction 122

Construction Loans Land Finance 122

The Mortgage Report

APRIL 20, 2021

A VA construction loan lets you buy land, build a home, and finance the mortgage with 0% down. But these loans can be hard to find. Learn more here.

Construction 122

Construction Loans Land Finance 122

Realty Biz

JULY 20, 2022

For some buyers, there might even be a no down payment home loan available. The Federal Housing Administration regulates and backs the FHA Loans program. The Federal Housing Administration regulates and backs the FHA Loans program. These government-insured loans allow home buyers low down payments of just 3.5%.

Loans 131

Loans FHA loan VA loan Renovation 131

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. Getty Images. Getty Images.

New Construction 110

New Construction Construction VA loan Finance 110

AAOA

JANUARY 27, 2025

Your rental income, operating costs and the amount of your mortgage loan are factors that influence your ROI. Be aware of the down payment requirements and interest rates of conventional, commercial, FHA and VA loans, as they may vary depending on the size of the property.

Property Management 80

Property Management Due diligence Finance VA loan 80

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% FHA loans help make homeownership more accessible. of all mortgage originations.

FHA loan 111

FHA loan Loans Pre-approval Pre-qualification 111

RIS Media

SEPTEMBER 21, 2021

By product type: – Conventional Loans: 75.1% of loan applications. – FHA Loans: 13.8%. – RHS/USDA Loans: 0.6%. – VA Loans: 10.5%. The average loan size of new homes increased from $402,440 in July to $406,922 in August. from 64,000 new-home sales in July.

Mortgages 105

Mortgages VA loan FHA loan Loans 105

McKissock

JULY 30, 2021

Learn the de minimus threshold for commercial, residential, and business loans as well as the various other available appraisal exemptions. This job aid clarifies the frequent misunderstanding that FHA and VA loans as well as loans sold to Freddie Mac and Fannie Mae are not Federally Related Transactions.

Residential 98

Residential VA loan Construction Commercial 98

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? Types of USDA loans.

Loans 95

Loans Mortgages FHA loan Debt-to-income ratio 95

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