Housing Wire

DECEMBER 11, 2024

Government loan activity saw a slight jump. Department of Veterans Affairs (VA) loans followed suit, jumping 270 bps to 16.3% Department of Agriculture (USDA) loans were flat at 0.4%. MBA’s report also examined the average contract interest rates for several loan types. of all applications.

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As-is VA loan Mortgages Loans 397

Housing Wire

FEBRUARY 13, 2025

January lock data shows two important ways constrained affordability is impacting the housing finance market, Brennan OConnell , director of data solutions at Optimal Blue, said in a statement. Jumbo mortgage rates were up 2 bps, VA loan rates were up 4 bps and FHA loan rates remained unchanged.

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VA loan FHA loan Mortgages Loans 301

Housing Wire

NOVEMBER 4, 2024

But for first-time and other cash-strapped buyers—those who are not relying on the proceeds of a home sale, who may be using a 100% financed VA loan, whose agents may be layering forms of assistance to put together enough cash for closing—knowing in advance about the seller’s contribution to their agent costs may be essential.

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Debt-to-income ratio Agents VA loan MLS 321

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. Earlier in my life, I was directed away from using a VA loan when I purchased my first home. REALITY: There is no limit.

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VA loan Loans Mortgages Lending 468

Housing Wire

NOVEMBER 7, 2023

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% VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance.

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VA loan Agents Seller concession FHA loan 482

Housing Wire

OCTOBER 11, 2023

The country’s top lender, United Wholesale Mortgage (UWM), raised agency conforming loan limits to $750,000 following other firms’ moves ahead of the Federal Housing Finance Agency ’s (FHFA) decision expected next month. UWM will honor expected limits for conventional and VA loans locked starting Oct.

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Loans VA loan Finance Mortgages 468

Housing Wire

MAY 21, 2024

VA policy states that while a veteran is allowed to use a buyer broker to purchase a home using their VA loan benefit, they “may not under any circumstances, be charged a brokerage fee or commission in connection with the services of such individuals.”

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VA loan Agents Loans MLS 523

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.

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

Housing Wire

AUGUST 1, 2024

When asked if they feel better about their finances compared to one year ago, 63% of veterans and 59% of civilians said yes. Veterans United Home Loans is a full-service lender based in Columbia, Missouri. The results highlight some interesting splits between veterans and civilians. Each of these numbers are higher than a year ago.

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VA loan Loans Finance Mortgages 508

Housing Wire

MARCH 27, 2024

But the VA’s current policies place veterans at a “significant disadvantage” compared to other buyers, NAR President Kevin Sears said in a letter submitted Wednesday to John Bell, executive director of VA’s Loan Guaranty Service. VA loans are probably the best loans on the market.

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VA loan Loans Principal Mortgages 476

Housing Wire

NOVEMBER 10, 2023

In September, government-insured FHA loans represented a little over 15% of U.S. Meanwhile, military VA loans represented 6.3% Conventional loans remain the most common type of mortgage, making up over 75% of all loans. In cities with a notable military presence, VA loans have high usage.

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FHA loan VA loan Mortgages Loans 468

Housing Wire

JUNE 11, 2024

Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee. ” The VA also clarified that veterans can still ask sellers to cover these fees.

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VA loan Loans Brokerage MLS 523

Housing Wire

MAY 25, 2021

The bill would allow borrowers to finance up to 100% of the acquisition price. Mortgages would be subject to FHA loan limits. percent of the principal, which could be financed, and would not pay a monthly insurance premium. Loan officers, too, sometimes have reservations about government-financed loans.

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FHA loan VA loan Loans Loan Officer 493

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.

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Agents Seller concession VA loan Finance 532

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. The strength in conventional purchase activity continues to support higher loan balances, which moved back over $400,000. Refinances represented 63.3%

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VA loan FHA loan Fixed-rate mortgage Loans 435

Housing Wire

NOVEMBER 9, 2023

For this reason, many programs now allow funds to be used for buydowns and other popular financing strategies that take the edge off of monthly mortgage payments,” Rob Chrane, founder and CEO of DPR, said in a statement. Buydowns have become a preferred financing strategy for borrowers as mortgage rates have surged.

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FHA loan VA loan Finance Loans 482

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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Equity VA loan FHA loan Mortgages 468

Housing Wire

MARCH 25, 2021

You have your conventional loans, FHA loans, VA loans, USDA loans and so on. But there’s another type of loan, not too many people are familiar with that can make the home buying process much easier. Yes, we’re talking about a bridge loan. But, a bridge loan comes with a higher interest rate.

Loans 542

Loans VA loan FHA loan Finance 542

Housing Wire

OCTOBER 25, 2024

Department of Veterans Affairs (VA) would be disadvantaged. Previously, under VA policy, although a veteran was allowed to use a buyer broker to purchase a home using their VA loan benefit, they could “not under any circumstances, be charged a brokerage fee or commission in connection with the services of such individuals.”

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VA loan Purchase and sale agreement Loans Agents 448

Housing Wire

JUNE 5, 2024

Department of Veterans Affairs (VA) loan applications. “After adjusting for the Memorial Day holiday, both purchase and refinance application volumes were down, with purchase activity specifically 13% below last year’s level.” Fratantoni noted that government purchase volume was down less, aided by growth in U.S. the previous week.

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VA loan Mortgages Fixed-rate mortgage Loans 478

Housing Wire

MARCH 1, 2021

Want to make sure you’re getting the best deal and making the right choice for your finances? Streamline refinances (if you have an FHA or VA loan). Both FHA and VA loans come with a streamline refinance option, which essentially means a fast-tracked path to a new mortgage loan.

Mortgages 459

Mortgages VA loan Loans Loan Officer 459

Housing Wire

OCTOBER 25, 2023

The share of Federal Housing Administration (FHA) loan activity inched up to 15.2% The share of Department of Veterans Affairs (VA) loan activity was 10.5%, down from 10.7% the week prior while the share of Department of Agriculture (USDA) loan activity decreased to 0.4% from 14.8% for the week ending Oct.

Mortgages 476

Mortgages VA loan FHA loan Loans 476

Housing Wire

DECEMBER 14, 2020

The option to finance a home via Opendoor Home Loans has also been expanded, according to the blog post. Financing options are now available in Arizona, Florida, Georgia, North Carolina, South Carolina, Texas, Colorado and Tennessee.

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VA loan Loans Finance Technology 448

Housing Wire

JULY 26, 2024

Giving the company the “staff the agency needs to fulfill its responsibilities” will allow it to “focus on its core mission, including marketing Ginnie Mae securities to global investors and conducting oversight of the 300-plus companies that issue Ginnie Mae securities backed by FHA, RHS, and VA loans,” the letter explained.

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VA loan Loans Banks Mortgages 476

Housing Wire

DECEMBER 14, 2023

The letter states that the CHLA believes this shift could have “profound negative impact on the ability of home buyers to pay for or finance those commissions and on loan appraisal loan to value (LTV) calculations and requirements.” Under current regulations, VA buyers are not allowed to pay for buyer’s representation.

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Lending Mortgages VA loan Finance 448

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

NOVEMBER 19, 2021

Tom Trott, a branch manager at Embrace Home Loans , called the increases “extraordinary.”. But they need to do it in order to help make the VA loan viable in rural areas,” said Trott. With conventional financing, in contrast, the appraisal fee is entirely negotiable in different areas, Trott said.

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Marketing VA loan Finance Loans 482

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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VA loan Mortgages FHA loan Loans 465

Housing Wire

SEPTEMBER 30, 2022

We spoke to UMortgage Branch Manager Arielle Best, known as the VA Loan Lady on TikTok, about the platform and how best to utilize it as a mortgage loan originator. As the VA Loan Lady, she specializes in VA loans because she’s passionate about helping veterans. followers and 524.8k Building a brand.

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VA loan Mortgages Loan Officer Branding 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% Meanwhile, refinance applications were 19% higher than a year ago. from 14.5%

Mortgages 511

Mortgages VA loan FHA loan Loans 511

Housing Wire

OCTOBER 4, 2023

It was a similar story for Steve Miller, branch manager and senior loan officer at Embrace Home Loans. About 60% of his clients are first-time homebuyers, and more often than not they are using FHA loans, VA loans and DPA programs. on Wednesday, with lesser-qualified borrowers receiving quotes north of 8%.

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FHA loan Loans Loan Officer Mortgages 468

Housing Wire

MARCH 26, 2024

Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention actions in the fourth quarter of 2023, according to a new report published by the Federal Housing Finance Agency ( FHFA ). By comparison, the serious delinquency rate for Federal Housing Administration ( FHA ) loans was 3.42% in Q4 2023. The rate for U.S.

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VA loan FHA loan Short sale Loans 488

Housing Wire

MARCH 28, 2024

Department of Veteran Affairs (VA) on Wednesday, urging it to revise policies that prohibit veterans from paying buyer broker commissions.

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VA loan Closing costs MLS Loans 476

Housing Wire

MARCH 25, 2024

The current VA rule states that a borrower using a VA loan cannot pay fees or commissions to a real estate agent unless determined “by the Under Secretary for Benefits as appropriate for inclusion. as proper local variances, under current VA regulations.“ “We

Agents 468

Agents VA loan Loans Mortgages 468

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.

VA loan 521

VA loan Mortgages FHA loan Fixed-rate mortgage 521

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.

Mortgages 478

Mortgages VA loan FHA loan Loans 478

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.

VA loan 458

VA loan Mortgages FHA loan Loans 458