Housing Wire

OCTOBER 31, 2024

This was also reflected in median payments for Federal Housing Administration (FHA) loans, which stood at $1,753 in September. By comparison, the median payments an FHA loan applicant was $1,817 a month earlier and $1,920 one year ago.

FHA loan 440

FHA loan Mortgages Loans As-is 440

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 441

FHA loan Loans Mortgages Finance 441

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 348

FHA loan VA loan Mortgages Loans 348

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.

FHA loan 418

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 392

FHA loan VA loan Mortgages Loans 392

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 353

Mortgages FHA loan Loans As-is 353

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 266

Debt-to-income ratio FHA loan Mortgages Loans 266

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 271

VA loan FHA loan Mortgages Loans 271

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 368

FHA loan Mortgages Marketing Loans 368

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 395

FHA loan Fixed-rate mortgage Equity Mortgages 395

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 382

VA loan Mortgages FHA loan Loans 382

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 284

Loans Debt-to-income ratio VA loan FHA loan 284

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 307

Mortgages FHA loan Loans As-is 307

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

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 475

FHA loan Debt-to-income ratio Inspection Finance 475

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 284

FHA loan Investor Finance Renovation 284

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 368

FHA loan Loans Mortgages Sales 368

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 369

Fixed-rate mortgage Mortgages FHA loan Loans 369

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 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

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 366

FHA loan Mortgages Equity Closing costs 366

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 267

Loan Officer Loans VA loan FHA loan 267

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 434

FHA loan Mortgages Loans Technology 434

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

DECEMBER 18, 2020

You may also be able to use an FHA loan to buy your home, but there are caveats. Since FHA loans are designed for primary residences only, you’ll need to live in the home for at least a year before renting it out. You will also need to move into the home within 60 days of closing on your loan). Hard money loans.

FHA loan 488

FHA loan Hard money loan Loans Loan Officer 488

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 252

FHA loan Mortgages New Construction Loans 252

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

MARCH 25, 2021

Mortgage insurance is required on all FHA loans, but the cost varies. With FHA loans , the premium depends on the loan balance and down payment size. In some cases, home owners can cancel an FHA mortgage insurance after 11 years. “Private MI is a great fit for them.”.

Industrial 544

Industrial Mortgages FHA loan Finance 544

Housing Wire

JUNE 18, 2024

Servicers of Federal Housing Administration (FHA) loans are required to conduct inspections in a timely fashion, and any deficiencies are corrected per the Real Estate Assessment Center protocol,” Broeksmit said in the letter.

Inspection 467

Inspection FHA loan Loans Technology 467

Housing Wire

MARCH 22, 2023

The less competitive market has also resulted in more buyers using FHA and VA loans. In January, 16% of mortgaged home sales used an FHA loan , up from 13.3% a year ago, while the share of mortgaged sales using VA loans rose to 7.5% Detroit saw the highest share of FHA loans at 29.5% a year prior.

VA loan 435

VA loan FHA loan Loans Mortgages 435

Housing Wire

JUNE 11, 2024

Following the decision, FHA loans already underwritten and approved by a Direct Endorsement underwriter, as well as cases with a firm commitment issued by HUD, may be submitted for insurance endorsement. Cases in the early stages may be transferred to other lenders with an FHA approval.

FHA loan 472

FHA loan Mortgages Loan Officer Loans 472