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 473

Mortgages VA loan FHA loan Loans 473

Housing Wire

APRIL 16, 2024

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%. The average loan size for new homes decreased from $405,719 in February to $405,400 in March. of applications , U.S. share, and U.S.

VA loan 459

VA loan FHA loan New Construction Loans 459

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 applications in May to 28.7%

Mortgages 495

Mortgages VA loan FHA loan Loans 495

Housing Wire

JUNE 17, 2021

the fourth consecutive month of rising loan sizes and a new survey high. By product type, conventional loans made up 743.9% of loan applications, FHA loans composed 14.8%, RHS/USDA loans cam in around 0.9% and VA loans provided 10.4%.

Sales 511

Sales VA loan FHA loan Loans 511

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

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 20, 2025

“Applications to purchase newly constructed homes rebounded 19 percent from December, but decreased from a year ago, the first annual decline in two years,” MBA vice president and deputy chief economist Joel Kan said in a statement. Conventional loans led all loan types with the highest share of activity at 57.8%.

FHA loan 372

FHA loan Mortgages VA loan Loans 372

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

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

VA loan Mortgages Land Loans 418

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

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

MAY 2, 2024

But according to him, the firm has invested in new construction, land, and condominiums in a challenging mortgage market. Department of Veterans Affairs (VA) loan for borrowers with no points and a 660 credit score was 6.25%, while conventional mortgages were at a 6.75% rate. OneTrust has had some recent leadership changes. .”

Loan Officer 448

Loan Officer Mortgages VA loan Lending 448

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

MARCH 21, 2022

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. RESPA does not apply when the loan is paid off & a permanent new mortgage is started.

Agents 370

Agents VA loan Land Construction 370

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

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

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

OCTOBER 6, 2023

The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans. And we are trying to help them navigate it because the market has overcapacity for both Realtors and loan officers right now,” Boyd said. “It’s hard for brokers to win deals now.

Mortgages 493

Mortgages VA loan Finance Renovation 493

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 397

Pre-approval Design Industrial Agents 397

BAM Media

DECEMBER 11, 2024

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. The South and West, however, are closing the gap faster, thanks in part to robust new construction activity.

New Construction 98

New Construction Marketing VA loan Construction 98

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? Consider, for instance, the multitude of scenarios that require lenders to take another look at assets between loan qualification and loan closing.

Lending 370

Lending Earnest money deposit VA loan Loans 370

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.

Loans 102

Loans Construction VA loan Finance 102

Housing Wire

MAY 31, 2022

When we help bring distressed properties back to the market, it’s up to 31% less expensive than a new construction home.”. Planet is in a unique position because there are very few non-depository lenders offering a construction product,” Hattan said.

Mortgages 397

Mortgages Loans Lending Construction 397

Housing Wire

JUNE 23, 2021

If the fed were to tighten policy, Fannie Mae’s ESR Group expects this to drag on upcoming housing market growth and even stifle home sales, house prices, construction and mortgage originations. inflation jumped from 1.68% in February all the way up above 5% by June, per last week’s PMMS report from Freddie Mac.

Fixed-rate mortgage 457

Fixed-rate mortgage Mortgages Loans Construction 457

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

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.

New Construction 110

New Construction Construction VA loan Finance 110

Housing Wire

SEPTEMBER 22, 2023

Kim: The silver lining in the current housing market is an uptick in new construction sales due to a lack of existing-home inventory. If the FHA loans layered with a DPA are more costly, how do first-time buyers benefit from these programs? Fannie and Freddie are the lowest; VA is a little bit higher. FHA is the highest.

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

AAOA

JANUARY 27, 2025

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. AAOAs network of expert lenders offer a wide range of loan options to help you achieve your goals!

Property Management 80

Property Management Due diligence Finance VA loan 80

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

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

Realty Biz

JULY 20, 2022

Their Section 502 Direct Loan Program generally has no down payment requirement to assist low and very low-income borrowers. 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. Down Payment Assistance.

Loans 131

Loans FHA loan VA loan Renovation 131

RIS Media

SEPTEMBER 18, 2020

Some loan companies, such as the Federal Housing Authority and the Department of Veterans Affairs actually require builders to purchase third-party warranties to protect buyers of newly built homes with FHA or VA loans. Contact your local builders’ board for more information about builder’s warranties.

VA loan 77

VA loan Loans Renovation Construction 77

HomeLight

AUGUST 9, 2022

Larsen cautions that if you’re buying a new construction home, you will likely be expected to pay a much larger percentage of earnest money. Drew May , a leading real estate agent in Augusta, Georgia, where Fort Gordon is located, says there is “no better financing” than a VA loan for military buyers. FHA loan.

Earnest money deposit 111

Earnest money deposit VA loan Purchase and sale agreement FHA loan 111

Eye on Housing

SEPTEMBER 28, 2020

NAHB analysis of the 2019 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing for new home sales accounted for 35.0% of the market, while conventional financing dominated the market at 65.0%. In 2018, share of non-conventional financing was 28.6% of the market share.

Finance 126

Finance Construction Sales Marketing 126