Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. 7 loan officer in the country last year with a mortgage production volume of $326.5

Loan Officer 448

Loan Officer Mortgages VA loan Lending 448

Housing Wire

MAY 6, 2024

HUD also seeks to transition away from the discontinued Fannie Mae Form 1009, the residential loan application for reverse mortgages, to Form 1003, the Uniform Residential Loan Application (URLA). Department of Veterans Affairs (VA) loans.

VA loan 448

VA loan Principal Residential Loans 448

Housing Wire

JULY 26, 2021

Zillow Economist Matthew Speakman said demand for new homes should remain hot, as home shoppers continue to favor new construction as an alternative to the “ultra-competitive” resale sector. By product type, conventional loans were 74.4% That pace for the Northeast, specifically, is down 27.9% from June 2020.

Sales 448

Sales VA loan FHA loan Loans 448

Housing Wire

OCTOBER 6, 2023

” 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. Then, we have all the traditional financing options, including jumbo.”

Mortgages 493

Mortgages VA loan Finance Renovation 493

Housing Wire

AUGUST 22, 2022

“The slide in purchase applications for new homes – now down for the fourth consecutive month and 16% lower than a year ago – is consistent with data on declining homebuilder sentiment and slowing permitting activity for new construction.”. from the revised 56,000 new home sales in June. and VA loans composed 11.4%.

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VA loan FHA loan New Construction Loans 370

BAM Media

DECEMBER 11, 2024

From rising inventory to government-backed loans, theyre proving that resilience and innovation can fuel growth even in uncertain times. Inventory Recovery and New Construction Lead the Way Housing inventory is rebounding, with November 2024 marking the highest number of homes for sale since December 2019.

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New Construction Marketing VA loan Construction 98

Housing Wire

DECEMBER 6, 2024

Evergreen topics might include: how to prepare to list your house, everything your client needs to know about VA loans; or which home improvements yield the best financial return in a home sale. Youll want some evergreen content you can pull from for your real estate newsletters.

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Pre-approval Design Industrial Agents 396

Housing Wire

SEPTEMBER 22, 2023

Read on to learn more about Duncan’s views on the housing market, loan performance and affordability challenges homebuyers face. But if you’re a first-time buyer, that’s not good news because it means it’s harder to qualify — especially with interest rates where they are. DPA programs were predominantly for FHA loans.

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FHA loan Bankruptcy Marketing Loans 476

Housing Wire

MAY 31, 2022

Among them are Geneva Financial , a mortgage lender headquartered in Arizona, which opened a branch location in Chicago, and New Western , a real estate investment firm, which also launched its first office in Chicago, marking its expansion with its 43rd office location in its 19th state. Department of Agriculture (USDA).

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Mortgages Loans Lending Construction 397

Realtor.com

JANUARY 11, 2023

Getty Images Many first-time homebuyers might presume they’re better off going used rather than new—in other words, purchasing a pre-existing property rather than pricey new construction. Unless you want to be waiting a long time to buy your first home, you should consider new-construction homes.

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New Construction Construction VA loan Finance 110

Realty Biz

FEBRUARY 24, 2024

While many veterans are familiar with traditional VA home loans, there are additional options that cater to specific needs – VA Jumbo Loans and VA Construction Loans. However, the real estate market in certain areas may demand loan amounts that surpass these limits.

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Loans Construction VA loan Finance 102

Realty Biz

JULY 20, 2022

For some buyers, there might even be a no down payment home loan available. The Federal Housing Administration regulates and backs the FHA Loans program. The Federal Housing Administration regulates and backs the FHA Loans program. These government-insured loans allow home buyers low down payments of just 3.5%.

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Loans FHA loan VA loan Renovation 131

Realtor.com

NOVEMBER 28, 2022

While there are a variety of mortgages aimed at helping homebuyers afford a home—such as FHA loans and VA loans —one type that’s often overlooked are USDA loans, which offer excellent terms to those who qualify, including a 0% down payment and low interest rates. What is a USDA loan? Types of USDA loans.

Loans 95

Loans Mortgages FHA loan Debt-to-income ratio 95

HomeLight

AUGUST 9, 2022

We’ll get into loan specifics later, but to give you some actual numbers to make sense of everything for the moment, consider this: While 20% has long been touted as the so-called ideal amount , it takes significant savings to afford putting this much down payment on a home — and it’s certainly not the norm for first-time buyers.

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Earnest money deposit VA loan Purchase and sale agreement FHA loan 111

RIS Media

SEPTEMBER 21, 2021

Unadjusted, MBA estimates there were 71,000 new-home sales in August 2021—an increase of 10.9% from 64,000 new-home sales in July. By product type: – Conventional Loans: 75.1% of loan applications. – FHA Loans: 13.8%. – RHS/USDA Loans: 0.6%. – VA Loans: 10.5%.

Mortgages 105

Mortgages VA loan FHA loan Loans 105

The Close

NOVEMBER 25, 2022

We are their trusted advisers, and are often their first point of contact in a new city. Easy financing through VA loans. Easy financing through Department of Veterans Affairs loans is another reason. Zero interest loans are an even bigger deal in our current lending environment! It’s also a 0% interest loan.

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VA loan Loans Loan Officer Finance 98

HomeLight

APRIL 14, 2023

Richie Helali , a licensed, senior mortgage advisor at HomeLight Home Loans , says that closing costs are most often paid through wire transfer or certified check, along with the down payment for your home loan (which is not part of your closing costs, but is typically due at the same time). That 85% mortgage would amount to $281,095.

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Closing costs Closing Title Loans 105

Marco Santarelli

DECEMBER 12, 2024

Government-Backed Loan Programs: The availability of programs like VA and FHA loans makes it easier for certain populations to buy homes in these markets, leading to increased homeownership. This translates to a strong demand for housing due to frequent relocations and the presence of VA loan benefits.

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VA loan Marketing Pre-approval FHA loan 52

Realtor.com

NOVEMBER 9, 2022

7), new construction is limited, so buyers are competing over a very small selection of properties. Down payments are lowest in places with the most VA and FHA loans. In metros with the lowest down payments, federally backed loan assistance programs play a big role. In the Colorado city (No.

VA loan 111

VA loan FHA loan Loans Sales 111

Marco Santarelli

DECEMBER 12, 2024

The South and West have emerged as prominent locations for new construction, which helps boost inventory levels. The increase in inventory is partly due to new construction, which has been actively responding to the demand for more homes. However, new construction isn't the only driver of improved inventory.

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Marketing VA loan New Construction Construction 59

HomeLight

APRIL 13, 2023

Richie Helali , a licensed senior mortgage advisor at HomeLight Home Loans , says that closing costs are most often paid through wire transfer or certified check, along with the down payment for your home loan (which is not part of your closing costs but is typically due at the same time). 480 Loan origination fees ( 0.5%

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Closing costs Closing Title Inspection 103

HomeLight

APRIL 20, 2023

Richie Helali , a licensed, senior mortgage advisor at HomeLight Home Loans , says that closing costs are most often paid through wire transfer or certified check, along with the down payment for the mortgage. Shop around for a mortgage company or loan: Compare interest rates as well as incentives and closing costs.

Closing costs 104

Closing costs Closing Inspection Loans 104

HomeLight

SEPTEMBER 1, 2022

Typically, the higher your credit score, the lower your interest rate will be, which saves you money over the life of the loan. Different loan programs will require different down payment amounts, but you do not always need to put 20% down when buying a home. There are two types of conventional loans — conforming and non-conforming.

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Earnest money deposit FHA loan Title Purchase and sale agreement 106

Realty Biz

SEPTEMBER 23, 2023

With pre-approval, you'll receive a conditional commitment from the lender, stating the maximum loan amount for which you are approved. The amount required for a down payment can vary based on factors such as the type of loan, your credit history, and the lender's requirements.

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Purchase and sale agreement Pre-approval Agents Pre-qualification 70

HomeLight

JANUARY 6, 2021

Older homes can have more issues — such as plumbing or an electrical system that’s not up to code — and an inspector might charge more to look at a 100-year-old home than they would for new construction. Even a new construction home could have issues if the contractor cuts corners. Do you have to get an inspection?

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Inspection Inspection contingency New Construction VA loan 97

HomeLight

JUNE 4, 2021

Flexible financing options — you may still qualify for a conventional, FHA, or VA loan for a small multifamily home. Keep an eye out for new construction, and notice if there are a large number of apartments, complexes, or rental properties in the area and see how they are faring. deduction on your property taxes.

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Residential Commercial Property Management Investor 111

Marco Santarelli

APRIL 19, 2024

Housing affordability has become so strained that an increasing number of buyers are being pushed into the new home market , where prices are typically higher but supply is more abundant than the existing home inventory. New home sales clocked in at 662,000 units in February , up a robust 5.9% Single-family housing starts surged 35.2%

Marketing 52

Marketing VA loan Construction Mortgages 52

Redfin

FEBRUARY 4, 2022

These qualities are what sets them apart from new construction, such as a modern craftsman home or ranch style house. But, buyers beware, owning a historic home isn’t always as easy and breezy as maintaining a newly constructed one. In turn, you may need to show proof of funding for those repairs before the loan is approved. .

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Construction Inspection Proof of funds Renovation 69

Redfin

AUGUST 2, 2022

And if you’re considering a Federal Housing Administration (FHA) loan or a Department of Veterans Affairs (VA) loan, know that government-backed loans won’t finance a floating home. Some lenders may require you to have a 20% minimum downpayment or a higher interest rate to offer you a loan.

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VA loan FHA loan Loans Design 59

Marco Santarelli

JULY 25, 2024

Loan Amount : $292,000 With these numbers, the estimated monthly payment (excluding property taxes and insurance) would be approximately $1,885. Exploring Alternative Financing : Some buyers may seek alternative financing options, such as USDA or VA loans, which often have more favorable terms.

Mortgages 52

Mortgages VA loan Fixed-rate mortgage Finance 52

Housing Wire

SEPTEMBER 14, 2023

AAPI buyers are most likely to be waiting for prices to drop and African-American/Black buyers are most likely to report trouble getting approved for a loan due to credit issues as the main reason they have not bought yet. First time buyers (54%) are more than twice as likely as repeat buyers (22%) to consider an FHA loan.

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FHA loan VA loan Loans Finance 468

RIS Media

MAY 24, 2021

If you choose a conventional or FHA loan, a down payment is required. The amount of the down payment that’s needed is based on the home’s price and property type, as well as the loan product. For a conventional loan, exactly how much depends on the lender and loan type—you might put down 3%, 10%, 20% or more.

Closing costs 98

Closing costs FHA loan Principal Loans 98

Real Trends

SEPTEMBER 14, 2023

AAPI buyers are most likely to be waiting for prices to drop and African-American/Black buyers are most likely to report trouble getting approved for a loan due to credit issues as the main reason they have not bought yet. First time buyers (54%) are more than twice as likely as repeat buyers (22%) to consider an FHA loan.

FHA loan 89

FHA loan VA loan Loans Finance 89

Housing Wire

NOVEMBER 21, 2024

As existing-home sales dwindle due to high mortgage rates and the lock-in effect, buyers continue turning to new construction options. And Mortgage Bankers Association (MBA) data shows a shifting attitude as mortgage applications for new homes surged in October. Department of Agriculture (USDA) loans at 0.4%.

Mortgages 397

Mortgages VA loan FHA loan Construction 397

Marco Santarelli

DECEMBER 15, 2024

Giving up those rates to take on a new, more expensive mortgage deters sellers from entering the market, shrinking supply. According to TheStreet , the inventory issue is expected to persist into 2025 unless policymakers or builders step in with bold solutions such as incentives for new construction or tax breaks for selling.

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Mortgages New Construction Construction VA loan 93