Housing Wire

DECEMBER 6, 2023

CBC Mortgage Agency – a federally chartered housing finance agency – will offer two temporary rate buydown features for its down payment assistance (DPA) program for Federal Housing Administration (FHA) loans. The agency is the first to provide either a 2-1 rate buydown or a 1-0 rate buydown on a DPA program.

FHA loan 448

FHA loan Loans Mortgages Finance 448

Housing Wire

MARCH 13, 2025

The share of Federal Housing Administration (FHA) loan applications hit a record high for the survey, accounting for nearly one-third of all applications. The average loan size decreased, signaling that first-time homebuyers remain active in the market, Kan said. By loan type, conventional mortgages made up 56.7%

FHA loan 365

FHA loan VA loan Mortgages Loans 365

Housing Wire

DECEMBER 20, 2024

According to the bill’s authors, FHAs mortgage insurance premium policies impact first-time homeowners the most as they make up more than 82% of FHA purchase borrowers. Mortgage insurance exists as protection from foreclosure on low equity loans.

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FHA loan Mortgages Equity Loans 418

Housing Wire

DECEMBER 17, 2024

Conventional loans accounted for 61.6% of applications, Federal Housing Administration (FHA) loans for 28% and U.S. Department of Veterans Affairs (VA) loans for 9.9% The average loan size for new homes decreased to $402,873, down from $409,942 in October. from the 56,000 sales in October. in November.

FHA loan 397

FHA loan VA loan Mortgages Loans 397

Housing Wire

MAY 13, 2025

By loan category: Conventional loans saw their seasonally adjusted delinquency rate rise 8 bps to 2.7%. FHA loans posted a decline of 41 bps to 10.62%. VA loans saw a decrease of 7 bps to 4.63%. The seriously delinquent rate loans 90 or more days past due or already in foreclosure stood at 1.63%.

VA loan 238

VA loan FHA loan Mortgages Loans 238

Housing Wire

FEBRUARY 13, 2025

Jumbo mortgage rates were up 2 bps, VA loan rates were up 4 bps and FHA loan rates remained unchanged. Optimal Blue reported that after hitting a multiyear low in December, the conforming loan share edged up slightly to 51% of total production but remained near record lows.

VA loan 304

VA loan FHA loan Mortgages Loans 304

Housing Wire

FEBRUARY 27, 2025

Higher payments across loan types Borrowers across different mortgage programs also saw their payments rise. FHA loan applicants faced a median monthly payment of $1,934, up from $1,866 in December. Conventional loan applicants saw their median payment increase to $2,225, up from $2,128. Nevada (254.3) Arizona (218.7)

Mortgages 387

Mortgages FHA loan Loans As-is 387

Housing Wire

MAY 5, 2025

California follows closely behind, with Gen Z making up 8% of purchase mortgage and 13% of first-time buyer loans. As the housing market has softened and down payments remain a hurdle, first-time buyers have increasingly turned to Federal Housing Administration (FHA) loans.

Lending 338

Lending FHA loan VA loan Loans 338

Housing Wire

MARCH 24, 2025

Additionally, Black and Hispanic borrowers were more likely to use Federal Housing Administration (FHA) loans, which, despite lower down payment requirements, often come with higher interest rates and additional fees compared to conventional loans.

Debt-to-income ratio 299

Debt-to-income ratio FHA loan Mortgages Loans 299

Housing Wire

NOVEMBER 4, 2024

The third party origination (TPO) division of Rocket Mortgage on Monday announced the rollout of its latest product, 24 Takeoff, which allows mortgage broker partners to receive a 24 basis point credit on all eligible loans until Nov. 15 at 2 pm EST.

FHA loan 370

FHA loan Mortgages Marketing Loans 370

Housing Wire

JANUARY 22, 2025

Federal Housing Administration (FHA) loan borrowers must maintain escrow accounts for the entire loan cycle, regardless of equity. After that, 70% had higher homeowners’ insurance and 57% had higher premiums. Escrow accounts are required for conventional borrowers with 20% or less equity in their homes.

FHA loan 397

FHA loan Fixed-rate mortgage Equity Mortgages 397

Housing Wire

DECEMBER 18, 2024

The average rate for 30-year fixed-rate loans for conforming balances (up to $766,550) rose by 8 bps to 6.75%. Rates for 30-year jumbo loans (balances above $766,550) grew by 7 bps to 6.86%. And the 30-year FHA loan rate increased by 2 bps to 6.49%. Rates for 5/1 ARMs increased by 22 bps to 6.03%.

VA loan 394

VA loan Mortgages FHA loan Loans 394

Housing Wire

MARCH 27, 2025

By product type, the median mortgage payment for conventional loan applicants was $2,226, up from $2,225 in January and up from $2,194 in February 2024. For FHA loan applicants, the median payment was $1,907 in February, down from $1,934 in January and up from $1,872 in February 2024.

Mortgages 339

Mortgages FHA loan Loans As-is 339

Housing Wire

APRIL 8, 2025

FHA loans saw an 8-basis point drop to 6.27%, while VA and jumbo loan rates nudged up slightly to 6.13% and 6.73%, respectively. ARMs see uptick : Adjustable-rate mortgages (ARMs) rose to just under 9% of total lock volume, signaling buyer interest in alternative paths to affordability amid persistent rate pressure.

Loans 318

Loans Debt-to-income ratio VA loan FHA loan 318

Housing Wire

DECEMBER 9, 2024

Heres your game plan: Check your credit: A score of 640 opens the door to FHA loans and down payment assistance programs. First-time buyers: Its your moment Lets talk about first-time homebuyers. If youre in this group, 2025 could be your year. Boost it to 680 for access to better DPA rates and terms.

Mortgages 370

Mortgages FHA loan Closing costs Staging 370

Housing Wire

MARCH 20, 2025

Additionally, the share of flipped homes sold to buyers using Federal Housing Administration (FHA) loans remained steady at 10.7%. The top market for FHA buyer activity was Merced, California, where 38.3% of the flipped homes were resold to buyers using FHA financing.

FHA loan 326

FHA loan Investor Finance Renovation 326

Housing Wire

SEPTEMBER 5, 2024

The Consumer Federation of America (CFA) is calling for policy changes that would help alleviate the difficulties for homebuyers using Federal Housing Administration (FHA) loans when competing in tight markets. of the U.S. mortgage market in 2023, up from 14.3% in 2022, according to HUD.

FHA loan 476

FHA loan Debt-to-income ratio Inspection Finance 476

Housing Wire

MARCH 5, 2025

According to the MBA, rates for Federal Housing Administration (FHA) loans dipped to 6.42%, while refinance activity posted its fastest pace since October 2024.

Loan Officer 294

Loan Officer Loans VA loan FHA loan 294

Housing Wire

JULY 21, 2023

Lifting a ban on mortgage lenders providing down payment assistance (DPA) to Federal Housing Administration (FHA) borrowers would help underserved borrowers become homeowners, according to a paper published by the Urban Institute.

FHA loan 370

FHA loan Loans Mortgages Sales 370

Housing Wire

JANUARY 15, 2025

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances and 30-year fixed-rate mortgages backed by the FHA both saw increases for jumbo loans it was an increase to 7.05% from 6.99%, and for FHA loans the interest rate reached 6.76% from 6.65%.

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages FHA loan Loans 370

Housing Wire

NOVEMBER 10, 2023

FHA loan usage increases in September As sellers field fewer offers, buyers with FHA loans may have greater luck to close on a home. In September, government-insured FHA loans represented a little over 15% of U.S. Conventional loans remain the most common type of mortgage, making up over 75% of all loans.

FHA loan 468

FHA loan VA loan Mortgages Loans 468

Housing Wire

OCTOBER 4, 2023

But LOs who cater to first-time homebuyers’ needs – offering FHA loans and down payment assistance loans — are faring better, Michael Ullmann, producing branch leader at Movement Mortgage , explained. “So It was a similar story for Steve Miller, branch manager and senior loan officer at Embrace Home Loans.

FHA loan 468

FHA loan Loans Loan Officer Mortgages 468

Housing Wire

SEPTEMBER 9, 2024

the parent of digital lender Better.com , rolled out its Federal Housing Administration (FHA) streamline refinance program on Monday. Better Home & Finance Holding Co. , In its second-quarter 2024 financial earnings, Better.com posted a net loss of $42.2 million, an improvement from the previous quarter’s loss of $51.5 million.

FHA loan 448

FHA loan Loans Closing costs Finance 448

Housing Wire

JANUARY 9, 2025

The column is likely referencing the Home Equity Conversion Mortgage ( HECM ) program insured by the Federal Housing Administration (FHA). Loan proceeds are dependent on the amount of equity in the home and current interest rates, the column noted, and there are multiple disbursement options available, the column noted.

FHA loan 370

FHA loan Mortgages Equity Closing costs 370

Housing Wire

JANUARY 5, 2021

What type of loan: FHA loan. FHA loans are backed by the Federal Housing Administration. These insured loans are a type of federal assistance and require as little as a 3.5% If your credit score is between 500-579, FHA loans require 10% of the purchase price. 0% down payments.

FHA loan 546

FHA loan VA loan Loans Mortgages 546

Housing Wire

APRIL 18, 2025

By product type, conventional loans composed 49.0% of loan applications, FHA loans composed 37.0%, RHS/ USDA loans composed 0.9% and VA loans composed 13%. The average loan size for new homes decreased from $397,516 in February to $381,921 in March. compared to a year ago.

VA loan 203

VA loan FHA loan Mortgages Loans 203

Housing Wire

OCTOBER 30, 2023

loanDepot has rolled out a new down payment assistance program for Federal Housing Administration (FHA) loan borrowers that enables them to put zero money down upfront. FHA loans also come with mandatory upfront and annual mortgage insurance premiums — usually for the life of the loan.

FHA loan 493

FHA loan Loans Lending Finance 493

Housing Wire

OCTOBER 16, 2024

Last week, mortgage tech firm Candor released an expansion of its Loan Engineering System to include Federal Housing Administration (FHA) loans. The company now fully automates underwriting decisions for FHA loans — minus collateral — and offers a warranty on income calculations and cleared conditions for funded FHA loans.

FHA loan 435

FHA loan Mortgages Loans Technology 435

Housing Wire

MAY 15, 2025

In terms of loan types: Federal Housing Administration (FHA) loan review share grew in Q4, with associated defect rates declining. Department of Veterans Affairs (VA) loan defect rates remained largely unchanged, while U.S. Conventional review share held steady, although defects in that category rose slightly.

VA loan 230

VA loan Mortgages FHA loan Loans 230

Housing Wire

DECEMBER 2, 2020

In those areas, the 2020 FHA loan limit is $1,233,550. Unlike 2020’s report, the FHA said there are no counties where the loan limits will be decreasing. Back in 2016, the FHA increased loan limits for just 188 counties ; in 2017, this number jumped to 2,948 counties ; then to 3,011 counties for 2018.

Loans 534

Loans FHA loan Mortgages Construction 534

Housing Wire

NOVEMBER 9, 2023

A total of 224 programs will fund certain upfront loan fees including the upfront mortgage insurance premium on FHA loans , the funding fee on VA loans and the guarantee fees on USDA loans. About 74% of the 2,256 homebuyer assistance programs are down payment and closing cost assistance programs.

FHA loan 482

FHA loan VA loan Finance Loans 482

Housing Wire

FEBRUARY 13, 2025

Loan applicants also struggled as rising premiums made it difficult for them to qualify for mortgages due to higher debt-to-income ratios. Conventional loans had the highest defect percentage in Q3 2024, accounting for 51.61% of critical defects.

Debt-to-income ratio 281

Debt-to-income ratio Mortgages FHA loan Loans 281

Housing Wire

MAY 1, 2025

But what about the average family using an FHA loan? .” Buyers in the balance Willoughby and Coleman said buyers can be disadvantaged by off-market deals particularly those without direct access to an agent with exclusive leads. Off-market deals are great for cash buyers or flippers who have insider access, Willoughby said.

Agents 412

Agents Marketing MLS FHA loan 412

Housing Wire

AUGUST 12, 2024

CoreLogic data shows that homes purchased with piggybacked loans are typically much lower in value, and the borrowers for these properties are usually underwater. In June 2024, the median property value for homes bought with a piggybacked FHA loan was $255,000, compared to $319,000 for homes with FHA loans that did not use a second lien.

Loans 476

Loans FHA loan Equity Closing costs 476

Housing Wire

SEPTEMBER 14, 2023

Demand for FHA loans have risen over the past year to comprise 23.8% We are really happy about this change because it’s going to provide more opportunity for loan officers and is going to provide more opportunity for buyers to get a second chance,” Michael Borodinsky, VP and branch manager at Caliber Home Loans , said.

Loan Officer 418

Loan Officer FHA loan Loans Mortgages 418

Housing Wire

MARCH 14, 2024

The proposed class-action lawsuit brought by Florida resident Tricia Sarmiento claims that HUD has failed to issue refunds tied to MIP payments on mortgages backed by the Federal Housing Administration (FHA), and it has made the process of requesting a refund slow and complicated. million in unclaimed refunds.

FHA loan 497

FHA loan Mortgages Loans Development 497

Housing Wire

APRIL 7, 2025

February foreclosure starts were 35% above last year, but thats almost entirely due to the resumption of VA foreclosure activity; FHA starts were down -9% and conventional up a modest 4%. In last month’s ICE first look, FHA loans dominated delinquencies.

FHA loan 277

FHA loan New Construction Mortgages Loans 277