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Eyeing expansion, Go Mortgage snags 160+ former FoA employees

Housing Wire

More than 160 employees from the now-shuttered Finance of America Mortgage have landed at Go Mortgage , a Columbus, Ohio-based lender. With a focus on purchase mortgages through referral sources, Reich aims to close $1 billion in loan origination volume in 2023 through his division alone. We specialize in marketing for purchases.”.

Mortgages 507
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Meet the homeowners giving up 4% mortgages and opting for cash-out refis

Housing Wire

By doing a cash-out refi, she landed a $340,000 FHA loan and locked in a 6.9% We are paying off her current mortgage balance of $280,000 while maintaining more than $200,000 in home equity,” said Anderson, who runs the mortgage broker shop Rancho Capital Home Loans. mortgage rate at the end of August. “At

Mortgages 497
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After mortgage lenders shut down, what’s next for loan originators?

Housing Wire

It also underwrites conventional loans and works as a marketing tool for LOs. With the AI, I’m no longer having to babysit the more conventional type loans — conventional, VA, FHA loans. Barnes spent about six months at AmeriFirst Financial Inc before landing as a branch manager at Mann Mortgage.

Loans 418
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Help for troubled borrowers is on the way. But will it come soon enough?

Housing Wire

In September 2020, he landed a job as a service advisor assistant for an auto repair shop. According to the Federal Housing Administration, their share of lending to Black borrowers is around 17%, compared to 6% for the rest of the mortgage market. It took Wilen, 49, about two months to get a new job.

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3 Alternative Home Loan Options for People with Bad Credit

Rent, Buy & Sell

As such, if your credit score is below 500 you should probably work on rebuilding your credit score first, because even with alternative lending options this score may be too low to finance a home. FHA loans can also be obtained by people who have a bankruptcy or foreclosure on their record.

Loans 98
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6 Homebuyer Programs for Teachers: Half-Price Homes and Special Loans

HomeLight

Some of these programs, such as Homes for Heroes , are nationwide and encompass both lending benefits and other discounts and reimbursements. Others, such as the California Employee Loan Program, or CELP , are targeted to residents in a particular state. Once you sell your home, Landed receives 25% of its investment gain or loss.

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16 First Time Home Buyer Programs to Help With the Down Payment, Mortgage, and More

HomeLight

“When it comes to mortgages, the programs change [frequently] and I don’t want to misinform anyone,” says Baylis, who advises his clients that programs may be available that are a good fit for their needs — but that, as a Realtor®, he’s not necessarily the best resource for lending-related questions. “As Of course, qualifications do apply.

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