Housing Wire

NOVEMBER 16, 2023

Mortgage demand for new homes jumped in October as the inventory for existing homes remained depleted. Mortgage applications for new-home purchases rose 39.7% in October on a year-over-year basis and were up 6% from the previous month, according to the Mortgage Bankers Association (MBA) Builder Application Survey for October.

Mortgages 482

Mortgages VA loan Loans New Construction 482

Housing Wire

OCTOBER 19, 2021

Purchase mortgage applications for new homes were down 16.2% in September compared to a year ago, according to Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data released on Tuesday. 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

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. ” According to Scotsman Guide , Potempa was the No. million. .

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Housing Wire

MARCH 22, 2023

The program provides direct loans to Native American veterans and veterans who are married to Native American non-veterans to help with the purchase, construction or renovation of a home on trust land. The program is separate from the broader VA loan program that is available to all veterans.

VA loan 418

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Housing Wire

MAY 19, 2022

Skyrocketing mortgage rates and a slowdown in new home constructions led to a drop in home purchases in April. Mortgage applications for new home purchases dropped 10.6% in April from the same period last year, according to the Mortgage Bankers Association builder application survey. Homebuilders constructed about 1.23

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Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” 4-7, in Las Vegas.

Mortgages 493

Mortgages VA loan Finance Renovation 493

Housing Wire

DECEMBER 15, 2020

from a year ago, but new home applications decreased from October, according to the Mortgage Bankers Association builder application survey. The average loan size of new homes increased from $355,684 in October to $357,554 in November, according to the survey. Conventional loans composed 71.8%

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VA loan FHA loan Loans Residential 493

Housing Wire

JULY 20, 2023

Months of high mortgage rates and low existing inventory led to another annual increase in new home purchases in June. Mortgage applications for new home purchases jumped 26.1% in June from the same period last year, according to the Mortgage Bankers Association builder application survey. from June 2022, according to the U.S.

Mortgages 370

Mortgages VA loan FHA loan Construction 370

Housing Wire

JULY 19, 2022

New home purchase applications dropped 12% year over year in June due to higher mortgage rates and economic uncertainty, according to the builder application survey from the Mortgage Bankers Association (MBA). The average loan size dropped to $426,966 in June from May’s $430,855, MBA said. of loan applications.

Mortgages 370

Mortgages VA loan FHA loan Loans 370

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. Mortgage applications for new home purchases rose 19.1% Applications were up 38% from the previous month, according to the Mortgage Bankers Association (MBA) Builder Application Survey for January.

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VA loan FHA loan New Construction Loans 459

Housing Wire

JUNE 17, 2021

Mortgage applications for new home purchases fell 9% month-over-month in May at a seasonally unadjusted pace ? the second consecutive month sales of new homes have dropped, according to data released Thursday by the Mortgage Bankers Association. the fourth consecutive month of rising loan sizes and a new survey high.

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Housing Wire

FEBRUARY 20, 2025

Mortgage applications for newly built homes decreased 6% year over year in January 2025, according to a report released Thursday by the Mortgage Bankers Association (MBA). MBA’s Builder Application Survey (BAS) explores mortgage application data on a monthly basis across mortgage subsidiaries of homebuilders.

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Housing Wire

APRIL 16, 2024

Mortgage applications for new homes stalled in March as buyers felt the brunt of sustained home price growth. Compared to February 2024, mortgage applications for new-home purchases rose 1% in March. from March 2023, according to the Mortgage Bankers Association ’s (MBA) Builder Application Survey. Applications were up 6.2%

VA loan 458

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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.

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Housing Wire

JULY 20, 2021

Mortgage applications for new home purchases in June decreased 3% from May and 23.8% year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. With lumber prices recently pulling back, we expect some near-term strength in construction.

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Housing Wire

NOVEMBER 18, 2020

The report said that thanks to record low mortgage rates , new home transactions increased over 8%. 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. According to the U.S. Total Texas housing starts rose 20.6%

VA loan 435

VA loan Construction Mortgages Development 435

Housing Wire

JUNE 23, 2021

For the second week in a row, mortgage applications increased — this time, up 2.1% for the week ending June 18, 2021, per the latest report from the Mortgage Bankers Association. The 30-year fixed mortgage rate also rose to 3.18% — the highest level in a month, according to the MBA. of total mortgage applications from 61.7%

Fixed-rate mortgage 450

Fixed-rate mortgage Mortgages Loans Construction 450

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. The expansion comes amid a surge in mortgage rates and declining loan origination volume.

Mortgages 397

Mortgages Loans Lending Construction 397

Housing Wire

MARCH 17, 2021

Mortgage applications dropped for the second straight week — falling 2.2%, according to the latest report from the Mortgage Bankers Association. The continued increase in mortgage rates is to blame, according to MBA’s Associate Vice President of Economic and Industry Forecasting Joel Kan. from 11.6% the week prior.

Fixed-rate mortgage 435

Fixed-rate mortgage Mortgages Loans Construction 435

Housing Wire

AUGUST 22, 2022

July was another rough month for homebuilders, with mortgage applications for new home purchases dropping 16.1% from a year ago, according to the latest Mortgage Bankers Association ‘s builder application survey. 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 21, 2022

RESPA has strict rules for real estate and mortgage professionals regarding kickbacks, referrals, and unnecessary fees. Sponsorship of events can also be deemed illegal if the event is used for marketing or publicizing a real estate or mortgage company’s services. The loans that are exempt from RESPA. Loan for vacant land.

Agents 369

Agents VA loan Land Construction 369

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

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. Its the best place to find average mortgage rates.

Pre-approval 396

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BAM Media

DECEMBER 11, 2024

Despite ongoing challenges like high mortgage rates and stretched budgets, these top 10 markets have found ways to thrive. From rising inventory to government-backed loans, theyre proving that resilience and innovation can fuel growth even in uncertain times. McAllen, TX, stands out, with 61.7%

New Construction 98

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Housing Wire

MARCH 29, 2022

At first blush, this may seem like overkill; does a lender really gain anything by harnessing all that extra data for a VA loan that only requires two months of bank statements? Thanks to the mortgage industry’s rapidly evolving understanding of the power of asset data, the answer is a resounding “yes.”

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Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. this week, Fannie Mae Chief Economist Doug Duncan believes that mortgage rates will stay elevated before the Fed makes further rate cuts. “We’ve Kim: Spreads in the mortgage space are wide.

FHA loan 476

FHA loan Bankruptcy Marketing Loans 476

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. Veterans can benefit from the same low rates that make VA loans appealing in the first place.

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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. “Simply put, total homeownership costs are more than a monthly mortgage payment alone.” Getty Images. Getty Images.

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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

RIS Media

SEPTEMBER 21, 2021

Mortgage applications for new-home purchases decreased 17% compared to last year, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2021. – FHA Loans: 13.8%. – RHS/USDA Loans: 0.6%. – VA Loans: 10.5%.

Mortgages 106

Mortgages VA loan FHA loan Loans 106

AAOA

JANUARY 27, 2025

Your rental income, operating costs and the amount of your mortgage loan are factors that influence your ROI. To calculate your ROI for a multifamily rental property and its profitability, consider using the formula: ROI = (Annual Rental Income Annual Operating Costs) Mortgage Value.

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Realty Biz

MAY 28, 2022

There is no point in applying for a mortgage in Brazil if you plan to live in the United States. You need to know your different mortgage options and which one is the best for you and your situation. Conventional Home Loan- This is the primary type of loan that most of you will already be familiar with.

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Realty Biz

JULY 20, 2022

Though, you will need to pay private mortgage insurance with down payments of less than 20%, increasing your monthly outgoings. One of the reasons FHA mortgages are so popular is their lower credit scoring requirements than other loan programs. Mortgage insurance will be included in monthly payments with these programs.

Loans 131

Loans FHA loan VA loan Renovation 131

HomeLight

NOVEMBER 17, 2021

Applying for a mortgage and saving up for a down payment can feel intimidating at best, impossible at worst. While finding an experienced real estate agent is key to your purchase process, your best bet for gathering the most accurate, up-to-date information on homebuyer programs is always to start by talking to a mortgage professional.

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Realtor.com

NOVEMBER 28, 2022

Getty Images With mortgage interest rates near 7% and home prices hovering at a national median of $425,000, many homebuyers might be wondering how they’ll be able to pay for a property, and searching for ways to reduce costs. Here’s everything you need to know about USDA loans, and whether they’re right for you.

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Realty Biz

AUGUST 21, 2022

Your mortgage loan is likely to be much smaller with this type of housing choice. Small houses generally mean far more breathing room when it comes to a house loan. Mobile homes are also one of the cheaper forms of housing construction. Get a Lower Income Mortgage. Final Thoughts.

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