Housing Wire

MARCH 5, 2025

The move in government refinances was driven by a 75% increase in VA loans, which have been prone to large changes in recent months, he shared. Conventional refinance applications rose 34% and government refinance applications increased by 42% over the week. ” The refinance share of mortgage activity increased to 43.8%

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Fixed-rate mortgage VA loan Mortgages Loans 505

Housing Wire

FEBRUARY 15, 2024

Department of Veteran Affairs (VA) loans through its Tinman platform. We’ve been working toward launching a VA product for the past two years,” Vishal Garg, founder and CEO of Better, said in an interview with HousingWire. Better’s rate for VA loans was 6.375% as of Tuesday afternoon, the company said.

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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. Meanwhile, military VA loans represented 6.3% in April 2023. a year earlier.

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FHA loan VA loan Mortgages Loans 468

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. 0% down payments.

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Housing Wire

NOVEMBER 16, 2020

The one caveat with FHA loans is that they require a Mortgage Insurance Premium both at closing and as part of your monthly payment. The exact cost of this varies based on your loan balance and down payment. VA loans are mortgage loans that are guaranteed by the Department of Veterans Affairs.

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VA loan FHA loan Mortgages Loans 501

Housing Wire

DECEMBER 3, 2023

in October, also a series high, while the average among FHA and VA loans hit 45.5% for FHA loans and 44.5% for VA loans. Lenders have responded by tightening credit requirements and the average credit score among conventional, FHA and VA loans. and 44.4%, respectively.

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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%

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VA loan FHA loan Loans Mortgages 435

Housing Wire

JULY 3, 2024

The average rate for jumbo loans (balances above $766,550) rose 7 basis points to 7.11%. Federal Housing Administration (FHA) loans accounted for 13.1% Department of Veterans Affairs (VA) loans saw their share decline from 13.8% Department of Agriculture (USDA) loans receded to a share of 0.3%.

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VA loan FHA loan Mortgages Loans 435

Housing Wire

JANUARY 10, 2024

The share of Federal Housing Administration (FHA) loan activity decreased to 14.4% The share of Department of Veterans Affairs (VA) loan activity was 16.3%, up from 14.6% Department of Agriculture (USDA) loan activity decreased to 0.4% Purchase applications rose by 6% week over week on an adjusted basis.

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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.

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FHA loan Loans Loan Officer Mortgages 468

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.

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Housing Wire

DECEMBER 13, 2023

The UWM’s discounted rates apply to the FHA Streamline program, which offers a simplified refinance process with reduced documentation requirements on Federal Housing Administration (FHA) loans. ” Top wholesale lenders have launched new initiatives to boost production at the end of 2023.

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Housing Wire

NOVEMBER 7, 2024

Surveyed loan types include Federal Housing Administration (FHA) loans, U.S. Department of Veterans Affairs (VA) loans and conventional loans. FHA loans had the largest delinquency rate decrease in the third quarter, falling by 14 basis bps to 10.46%.

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Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

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Housing Wire

DECEMBER 20, 2023

The share of Federal Housing Administration (FHA) loan activity decreased to 15.5%, down from 16.1% The share of Department of Veterans Affairs (VA) loan activity was 15.6%, up from 14.2% Department of Agriculture (USDA) loan activity remained unchanged at 0.4%. the week prior.

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Mortgages VA loan FHA loan Loans 480

Housing Wire

AUGUST 7, 2024

The average rate for jumbo loans (balances above $766,550) fell 30 bps to 6.77%. “As As a result of lower rates, refinance applications increased across all loan types, particularly for VA loans, and were almost 60% higher than it was at this time last year and at its highest level in two years,” Kan said.

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VA loan FHA loan Loans Mortgages 476

Housing Wire

DECEMBER 6, 2023

The share of Federal Housing Administration (FHA) loan activity increased to 15%, down from 13.5% The share of Department of Veterans Affairs (VA) loan activity was 12.8%, up from 12.6% Department of Agriculture (USDA) loan activity remained unchanged at 0.5%. of total applications, down from 8.1% the week prior.

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VA loan Mortgages FHA loan Fixed-rate mortgage 521

Housing Wire

DECEMBER 15, 2020

Conventional loans composed 71.8% of loan applications, FHA loans composed 16.8%, RHS/USDA loans composed 0.9 % and VA loans composed 10.4%. On an unadjusted basis, MBA estimates that there were 59,000 new home sales in November 2020, a decrease of 15.7% from 70,000 new home sales in October.

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Housing Wire

OCTOBER 9, 2024

4, Federal Housing Administration (FHA) loans decreased by 40 bps and represented 16.2% Department of Veterans Affairs (VA) loans rose by 150 bps to account for 16.9% The average contract interest rate for 30-year fixed-rate loans with conforming balances ($766,550 or less) jumped from 6.14% to 6.36% during the week.

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Housing Wire

NOVEMBER 22, 2023

The share of Federal Housing Administratio n (FHA) loan activity increased to 14.8% The share of Department of Veterans Affairs (VA) loan activity was 11.3%, up from 11.2% Department of Agriculture (USDA) loan activity fell to 0.4% The adjustable-rate mortgage (ARM) share of activity fell to 8.3% the previous week.

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VA loan FHA loan Mortgages Loans 488

Housing Wire

NOVEMBER 20, 2020

The 30-year conventional dropped from 3.02% to 3.01%, and VA fell from 2.78% to 2.75%. FHA loans remained the same, holding steady at 3.01% in October. The number of conventional loans increased in October to 82% – up from 80% in September. Overall loan applications are down 9.3% from September.

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Housing Wire

NOVEMBER 15, 2023

The share of Federal Housing Administration (FHA) loan activity decreased to 14.4% The share of Department of Veterans Affairs (VA) loan activity was 11.2%, up from 10.5% Department of Agriculture (USDA) loan activity held at 0.5% Meanwhile, the adjustable-rate mortgage (ARM) share of activity decreased to 8.8%

VA loan 468

VA loan FHA loan Mortgages Loans 468

Housing Wire

OCTOBER 12, 2023

While conforming loans still made up the majority of production at 57% in September, conforming volumes trended well below pandemic levels, according to the report. FHA and VA loan production both gained in activity share to 20.6% Rates for FHA loans averaged 7.18%, VA loans were 7% and jumbo loans were 7.6%.

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Housing Wire

OCTOBER 4, 2023

The share of Federal Housing Administration (FHA) loan activity inched up to 14.5% Meanwhile, the share of Department of Veterans Affairs (VA) loan activity of total mortgage applications was 10.1%, down from 10.9% The Department of Agriculture (USDA) loan share of activity remained unchanged at 0.5%. from 14.1%

Mortgages 501

Mortgages VA loan FHA loan Loans 501

Housing Wire

DECEMBER 8, 2021

VA loans comprised 10.7%, increasing seven basis points. Meanwhile, FHA loans went from 8.9% The post Mortgage applications are up, on the strength of FHA refis appeared first on HousingWire. Refinance apps fell 36.5% year over year, and purchase apps decreased 9.4% in the same period. the previous week.

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Housing Wire

JANUARY 3, 2024

The share of Federal Housing Administration (FHA) loan activity decreased to 14.5% The share of Department of Veterans Affairs (VA) loan activity was 14.6%, down from 17.3% Department of Agriculture (USDA) loan activity increased to 0.5% from 15% the week prior. over the previous week, while the share of U.S.

Mortgages 473

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Housing Wire

MAY 25, 2021

Mortgages would be subject to FHA loan limits. Like VA loans, which are popular with investors but not homesellers , the benefit would allow the borrower to skip the down payment altogether. Representatives John Rutherford (R-Fla.), Al Lawson (D-Fla.), John Katko (R-N.Y.), and Bonnie Watson Coleman (D-N.J.)

FHA loan 493

FHA loan VA loan Loans Loan Officer 493

Housing Wire

NOVEMBER 8, 2023

The share of Federal Housing Administration (FHA) loan activity remained unchanged at 14.7%. The share of Department of Veterans Affairs (VA) loan activity was 10.5%, up from 10.1% while the share of Department of Agriculture (USDA) loan activity remained unchanged at 0.5% of total applications. week over week.

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VA loan Mortgages FHA loan Loans 468

Housing Wire

DECEMBER 21, 2023

While delinquencies remain low overall, the number of delinquent loans ticked up in November, according to the latest ICE Mortgage Monitor report. Furthermore, the delinquency rate among FHA loans is at a nine-year high, and will be worth watching closely in 2024, the report said. Foreclosure starts decreased by 12.2%

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Housing Wire

APRIL 16, 2024

A higher FHA share can be a sign of more first-time buyer activity, but that segment of buyers is also more sensitive to affordability challenges.” In February, conventional loans accounted for 63% of applications for new homes. Federal Housing Administration (FHA) loans accounted for 26.4% of applications , U.S.

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Housing Wire

DECEMBER 15, 2021

decline in applications for government loans. Would-be homebuyers are finding it hard to compete with FHA and VA loans in a purchase market defined by low inventory. VA loans comprised 10.6%, decreasing one basis point. Meanwhile, FHA loans went from 9.9% Refinances represented 63.3%

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Housing Wire

OCTOBER 19, 2021

When looking at loans by product type, conventional loans made up 75.1% of all loan applications, FHA loans represented 13.9%, VA loans composed 10.5% and RHS/USDA loans made up the final 0.5%.

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VA loan FHA loan Mortgages Loans 435

Housing Wire

SEPTEMBER 25, 2024

And the rate for Federal Housing Administration (FHA) loans dropped to 5.99%, “breaking the psychologically important 6% level,“ according Joel Kan, the MBA’s vice president and deputy chief economist. “As The FHA share of all applications fell to 15%, down 20 basis points (bps) from the prior week. Demand for U.S.

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FHA loan Mortgages VA loan Fixed-rate mortgage 448

Housing Wire

OCTOBER 18, 2023

The share of Federal Housing Administration (FHA) loan activity inched up to 14.8% The share of Department of Veterans Affairs (VA) loan activity was 10.7%, up from 10.2% the week prior while the share of Department of Agriculture (USDA) loan activity held steady at 0.5%. from 14.4% for the week ending Oct.

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Mortgages VA loan FHA loan Loans 482

Housing Wire

NOVEMBER 1, 2023

Kan added that “[adjustable-rate mortgage] loans increased almost 10% last week and continued to gain share, growing to 10.7% The share of Federal Housing Administration (FHA) loan activity was 14.7%, down from 15.2% The share of Department of Veterans Affairs (VA) loan activity was 10.1%, down from 10.5%

Mortgages 448

Mortgages VA loan FHA loan Loans 448

Housing Wire

JULY 18, 2024

By loan type, conventional mortgages continued to comprise the majority of applications for new homes, accounting for 60.8% Notably, Federal Housing Administration (FHA) loans gained market share, rising from 26.5% Department of Veterans Affairs (VA) loans accounted for 10.2% of the total in June.

Mortgages 495

Mortgages VA loan FHA loan Loans 495

Housing Wire

FEBRUARY 16, 2024

In January, conventional loans accounted for 64.5% of loan applications for new homes. Federal Housing Administration (FHA) loans accounted for 24.8% Department of Veteran Affairs (VA) loans took a 10.3% Department of Agriculture (USDA) loans accounted for 0.4%. of applications, U.S. share and U.S.

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