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Mortgage demand for new homes is down 6.9% in the past year

Housing Wire

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%

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Next on the road map: Candor automates underwriting for FHA loans

Housing Wire

Mortgage tech firm Candor Technology has expanded its Loan Engineering System (LES) to include Federal Housing Administration (FHA) loans. The company now fully automates underwriting decisions for FHA loans — minus collateral – and also offers a warranty on income calculations and cleared conditions for funded FHA loans.

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UWM now offering ultra-low mortgage rates on FHA loans

Housing Wire

Ahead of its initial public offering slated for mid-December, United Wholesale Mortgage is offering mortgage rates below 2% on FHA loans through its Conquest Program. on FHA loans, the company announced in a statement on Wednesday. billion in closed loans during the third quarter, an 81% increase from the $29.9

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More homebuyers seek government-backed loans as an affordability lifeline

Housing Wire

As a result, more buyers are turning to products like Federal Housing Administration (FHA) loans, which accounted for 24% of primary home purchases in 2024, and U.S. Department of Veterans Affairs (VA) loans, which made up 10%, according to purchase loan lock data from Optimal Blue.

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Mortgage demand for new homes is slowing, but the market is still warm

Housing Wire

MBA estimates from the builder application survey show that sales of new single-family homes were running at a seasonally adjusted annual rate of 713,000 units in November 2024. Additionally, the 713,000 unit seasonally adjusted annual pace of new home sales was the third strongest month of 2024. from the 56,000 sales in October.

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FHA loan limit increases to $524,225 in 2025

Housing Wire

The Federal Housing Administration (FHA) is increasing the “floor” and “ceiling” FHA loan limits in 2025 to $524,225 and $1,209,750, respectively, the agency announced Tuesday. The new FHA loan limits apply to forward mortgages for a one-unit property and take effect on Jan.

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In a sluggish market, Rocket Mortgage courts brokers with pricing incentive

Housing Wire

A company spokesperson confirmed that the credit can be used for both purchases and refinances on conventional, VA and FHA loans. 15 at 2 pm EST. Kyle noted that the training is available to the entire broker community, even non-Rocket partners.

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