Housing Wire

DECEMBER 3, 2023

Mortgage originations Purchase lending dominated the market overall, driving 86% of all first-lien lending in the third quarter. In 2024, roughly 75% of originations expected to come from purchase loans. in October, also a series high, while the average among FHA and VA loans hit 45.5% for FHA loans and 44.5%

Equity 468

Equity VA loan FHA loan Mortgages 468

Housing Wire

JUNE 5, 2024

Department of Veterans Affairs (VA) loan applications. The market is relying on first-time homebuyer demand, and many first-time buyers do use government lending programs,” he said. Fratantoni noted that government purchase volume was down less, aided by growth in U.S. The refinance share of mortgage activity decreased to 31.1%

VA loan 474

VA loan Mortgages Fixed-rate mortgage Loans 474

Housing Wire

OCTOBER 9, 2024

MBA data showed that government lending continues to represent a steady share of the mortgage market. 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% For the week ending Oct. of applications.

VA loan 455

VA loan Mortgages FHA loan Loans 455

Housing Wire

NOVEMBER 8, 2021

This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. There remains a belief among listing agents and their clients that the VA appraisal and closing process will be a hassle.

VA loan 418

VA loan Agents Pre-approval Debt-to-income ratio 418

Housing Wire

APRIL 15, 2024

Based on the selling guides in use by the GSEs, property sellers are allowed to make financing concessions toward the borrower’s closing costs at a maximum amount of 2% to 9% of the property value. Department of Veterans Affairs seeking similar guidance on VA loans, but Sears said that letter remains unanswered.

Agents 532

Agents Seller concession VA loan Finance 532

Housing Wire

JUNE 13, 2024

This was especially true for the Federal Housing Administration (FHA) lending segment. Conventional loans comprised 63.4% Department of Veterans Affairs (VA) loans accounting for 9.8% Department of Agriculture (USDA) loans at 0.3%. of all applications, with U.S.

Mortgages 448

Mortgages VA loan Loans Lending 448

Realty Biz

APRIL 4, 2023

The US Department of Veterans Affairs offers all kinds of help to US military veterans, but one of the most helpful is certainly how vets looking to purchase a property can rely on the VA’s loan program to access highly affordable mortgage lending at attractive rates. What Are VA Loans?

Lending 81

Lending VA loan Mortgages Principal 81

Housing Wire

MARCH 29, 2024

The majority of consumer complaints in the mortgage arena (13,100, or 58%) were focused on conventional home loans, followed by Federal Housing Administration (FHA) loans (19%), U.S. Department of Veterans Affairs (VA) loans (9%) and home equity lines of credit, or HELOCs (6%). The penalties totaled $1.7

Mortgages 449

Mortgages VA loan FHA loan Lending 449

Housing Wire

OCTOBER 6, 2023

Then, we have all the traditional financing options, including jumbo.” ” PRMG offers a comprehensive range of mortgage products, including conventional, FHA, VA, USDA and jumbo loans. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans.

Mortgages 493

Mortgages VA loan Finance Renovation 493

Housing Wire

MAY 23, 2022

A piece of legislation introduced in the Senate in mid-May could streamline the appraisal process for VA loans. Currently, all VA appraisals must be performed in-house. In March 2022 , the Federal Housing Finance Agency (FHFA) made hybrid appraisals a permanent fixture.

VA loan 418

VA loan Loans Lending Finance 418

Housing Wire

APRIL 5, 2022

Rocket Pro TPO has launched a program that will guarantee financing to close in 15 days, a move to entice mortgage brokers and their real estate agent partners in a scorching-hot housing market. Government, FHA, and VA loans do not apply and the program is not available in 16 states, including New York, Massachusetts, and Rhode Island.

Closing 397

Closing Loans VA loan Mortgages 397

Housing Wire

JANUARY 26, 2022

Currently, the fintech’s product portfolio includes conventional 15- and- 30-year fixed rate loans but the lender does not offer FHA or VA loans. Building the next generation of tech: Three ways to digitize home lending. Refinancing is also not an option. the fintech company said.

Mortgages 369

Mortgages VA loan Pre-approval Lending 369

Housing Wire

AUGUST 7, 2023

Without a strong secondary mortgage market supported by the federal government, lenders would be able to fund far fewer loans, and would likely flock to the most affluent areas in the country, leaving less-affluent markets with fewer options to finance a home. How to safely qualify more minority borrowers The U.S.

Closing 370

Closing Fixed-rate mortgage Debt-to-income ratio Lending 370

Eye on Housing

JANUARY 26, 2024

NAHB analysis of the most recent Quarterly Sales by Price and Financing report reveals that the all-cash purchases accounted for 8.4% In contrast, the share of new home sales backed by VA loans fell to a 16-year low of 4.8% of new home sales in 2023—a 1.3 Read More ›

VA loan 115

VA loan Sales Finance Loans 115

Realty Biz

SEPTEMBER 30, 2023

By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation. Let's delve deeper into these topics to guide you towards an affordable home financing solution. Can you buy a house with bad credit?

Finance 96

Finance Debt-to-income ratio FHA loan Mortgages 96

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. ” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. Financing Turnkey Rental Properties.

Finance 96

Finance FHA loan Investor Loans 96

Housing Wire

NOVEMBER 29, 2022

They’ll adopt the 2023 FHFA rates effective Tuesday, even though the official loan limits won’t take effect until January 1. The Federal Housing Finance Agency (FHFA), the regulator of Fannie Mae and Freddie Mac, announced that the baseline conforming loan limit in 2023 will increase by 12.21%, or $79,000, compared to 2022 , to $726,200.

Loans 284

Loans VA loan Lending Mortgages 284

Realty Biz

APRIL 5, 2022

However, FHA and VA loans are the only two mortgage loan programs that allow borrowers during Chapter 13 Bankruptcy to be eligible for a home mortgage. FHA and VA guidelines during Chapter 13 Bankruptcy is almost the same. We will cover and discuss qualifying for an FHA and/or VA loan during Chapter 13 Bankruptcy.

Bankruptcy 120

Bankruptcy Debt-to-income ratio VA loan FHA loan 120

Housing Wire

AUGUST 2, 2024

Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire on Friday. “I hope this is not the case, but I advised my clients that this is the reason why I locked three loans today.” ”

Mortgages 514

Mortgages FHA loan Loans Loan Officer 514

HomeLight

NOVEMBER 6, 2023

An assumable mortgage allows a buyer to purchase a home by taking over the seller’s existing mortgage loan. One reason more buyers are seeking assumable mortgages is to take advantage of lower interest rate financing. This means that a qualified buyer can take over the existing FHA loan, subject to lender approval.

FHA loan 111

FHA loan VA loan Mortgages Marketing 111

Realty Biz

MARCH 28, 2023

Owner-occupied homes are ideal for real estate investors because they can help you meet your investment goals in several different ways, most often through advantageous financing options. This results in you being a better risk than if you were financing a second property you wouldn’t be living in.

VA loan 77

VA loan FHA loan Debt-to-income ratio Investor 77

HomeLight

NOVEMBER 20, 2023

In this post, we’ll explain how this often elusive financing option can work for you, and share expert tips on how to find an assumable mortgage attached to a home you want to buy. A qualified buyer must meet standard FHA loan requirements, such as a minimum credit score of 580 and a 3.5% Plus, the approval process can be faster.”

FHA loan 115

FHA loan Mortgages VA loan Loans 115

Rent, Buy & Sell

FEBRUARY 7, 2021

In this article, we review 3 alternative financing options for the home buyer that has bad credit. 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. Private or Hard Money Loan.

Loans 98

Loans VA loan FHA loan Hard money loan 98

HomeLight

DECEMBER 28, 2023

However, the person assuming the loan must meet the FHA’s lending criteria. VA loans: Available to veterans and military service members, VA loans are also assumable. The new borrower must meet VA and lender requirements, but you don’t necessarily need to be a veteran to assume a VA loan.

Loans 119

Loans Purchase and sale agreement VA loan Mortgages 119

Marco Santarelli

OCTOBER 6, 2023

There are some mortgage options that you should know about financing investment properties. The motivation behind this article is to educate you on the different kinds of loans you get for an investment property. Different Types of Loans You Can Get for an Investment Property 1. down and a VA mortgage with no down payment.

Loans 98

Loans Hard money loan Lending Investor 98

Norada Real Estate

MAY 3, 2023

Real estate loans are a crucial part of the real estate industry, providing investors with the necessary funds to purchase, renovate, or refinance properties. From conventional loans to government-backed FHA and VA loans, there are various types of real estate loans available in the market.

Loans 52

Loans VA loan FHA loan Hard money loan 52

Housing Wire

JUNE 12, 2023

Overall, May was an improvement over April, but mortgage lending remains constrained. While rate locks on purchase loans rose from April, they also dipped to their lowest level yet relative to 2018 and 2019 averages as rates rose late in the month,” Andy Walden , vice president of enterprise research at Black Knight, said.

Loans 448

Loans Mortgages Lending Marketing 448

Realty Biz

JANUARY 3, 2023

Smart Homebuyers Are Shoring up Their Finances. The best way to get a lower interest rate is to make sure your finances are in good order. It's important to consider the annual percentage rate (APR), which includes not only the interest rate but also any fees or charges associated with the loan. Continue reading to learn more.

Mortgages 96

Mortgages VA loan Loans FHA loan 96

Marco Santarelli

AUGUST 24, 2024

It tells lenders how responsibly you've managed your finances in the past, giving them an idea of the risk they take by lending to you. Think of it as a trust score – the higher your score, the more confident lenders are in your ability to repay the loan. However, some lenders may work with borrowers with lower scores.

Mortgages 52

Mortgages Pre-approval VA loan FHA loan 52

RIS Media

MARCH 31, 2022

Today, fair lending is the law, and the VA Home Loan Guaranty program is a vital homeownership tool offering all qualified veterans a centralized, affordable and accessible method of purchasing homes as a benefit for their service. Despite the success of the VA loan program, veterans still face hurdles when purchasing a home.

VA loan 98

VA loan Loans Closing costs Lending 98

Marco Santarelli

OCTOBER 19, 2024

Matt Schwartz from The VA Loan Network adds that younger buyers are comparing their previous affordability to current qualification levels, leading to cautious waiting. The Psychological Factor: Shmuel Shayowitz, president and chief lending officer at Approved Funding, points out a crucial aspect: psychology.

Mortgages 98

Mortgages VA loan Lending Marketing 98

Realty Biz

FEBRUARY 7, 2023

We will discuss how to search for a lending institution you will love. We will take you through the steps for choosing the best lender for your finances. Figure Out What Mortgage Program Works Best When you start looking for a mortgage , one of the first steps should be deciding what loan terms you want.

Pre-approval 77

Pre-approval Mortgages Pre-qualification VA loan 77

HomeLight

JUNE 21, 2023

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. Veterans also can combine a VA loan with this program. Learn More 4.

Loans 98

Loans Debt-to-income ratio FHA loan Closing costs 98

RIS Media

DECEMBER 19, 2020

Here’s some information that can help you to figure out how and when to apply for a loan this year: Pay Attention to Falling Rates. One of the best ways to figure out when to apply for home loans is to keep track of the interest rates set by the Federal Reserve. This article first appeared on RISMedia’s blog, Housecall.

Loans 105

Loans Pre-approval Pre-qualification VA loan 105

Housing Wire

JULY 12, 2023

Purchase loans continue to claim a larger share of a shrinking origination pipeline, as refinance opportunities remain scarce. Indeed, we saw the purchase lending share of June’s locks hit another all-time high. Refi share of lock volume dipped to 11.6%, a new low for this cycle.

Marketing 369

Marketing Loans Lending Mortgages 369

Realty Biz

JULY 23, 2023

Recent changes and technological advancements are shaping the lending landscape. It's essential to grasp how 1099 income affects mortgage loans and what lenders look for when determining eligibility for home financing. Understanding the available options can help navigate the loan process successfully.

Debt-to-income ratio 72

Debt-to-income ratio FHA loan Lending Loans 72

HomeLight

AUGUST 27, 2020

With so many instances of foreclosures and mortgage defaults, there weren’t very many homebuyers in the market, and lending standards were tight. The Federal Housing Administration (FHA) supports a home loan program that helps buyers who aren’t qualified for a conventional home loan.

VA loan 75

VA loan FHA loan Loans Closing costs 75