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How non-QM loans boost mortgage originator for success in 2025

Housing Wire

Also, DSCR five- to nine-unit loans are designed for larger multi-family homes. Beyond that, Deephaven allows up to 3% seller concessions at closing. Deephavens Equity Advantage Closed End Second is a second mortgage designed for one purpose assisting borrowers in borrowing their equity. These loans go up to $2.5

Loans 343
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Reverse purchase financing: The financing option no one is talking about

Housing Wire

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans.

Finance 482
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Agent commission lawsuits cast long shadow over VA, FHA borrowers

Housing Wire

Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points. The Department of Veterans Affairs (VA) rules prohibit VA borrowers from paying real estate commissions.

VA loan 482
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Reverse mortgage volume, HMBS issuance fall slightly in January

Housing Wire

The other two big things that originators are more in control of is orienting their efforts toward purchase business now that HECM offers similar seller concessions as competing forward loans, which is huge, and working with advisers to develop relationships with mutually beneficial referrals.”

Mortgages 435
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Can Closing Costs Be Rolled Into Your Mortgage?

Redfin

Department of Agriculture (USDA) specifically designed to help low-to-moderate-income families purchase homes in rural areas. Rural areas: These loans are specifically for properties located in designated rural areas. The program is designed for those who meet certain income thresholds. This is called a seller concession.

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How to Beat a Contingent Offer on the House You Want

HomeLight

From getting pre-approved for your mortgage to offering flexible closing dates, these strategies are designed to put you in a stronger position. Limit or eliminate seller concession requests When crafting an offer that stands out, minimizing or completely avoiding requests for seller concessions can significantly boost your chances.

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GCI: What It Is & Why It Matters to Every Real Estate Agent

The Close

Commission Rate (%) Home Sale Price Submit When & Why GCI Can Get Complicated The basic GCI calculation is pretty simple, but several situations can impact this otherwise straightforward formula, including your split, seller concessions, and more. In this situation, that 6% commission is divided between two parties.

Agents 98