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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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As the VA loan turns 80, its economic impact is in the trillions

Housing Wire

An analysis released Wednesday by Columbia, Missouri -based lender Veterans United Home Loans revealed that the home loan program through the U.S. Department of Veterans Affairs (VA) has contributed $3.9 The VA loan program — which was established in 1944 through the GI Bill — will celebrate its 80th anniversary on June 22.

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Cause for concern? FHA, VA delinquencies are rising quickly

Housing Wire

By loan type, the past-due rate for conventional loans decreased between the third and fourth quarters by 1 bps to 2.62%. The rate for FHA loans increased by 57 bps to 11.03%, and the rate for VA loans rose by 12 bps to 4.70%. They tend to be more vulnerable to economic stressors like job losses or inflation.

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Patton Gade, top LO for VA loans, heads to UMortgage

Housing Wire

million in VA loans, enough to become the top VA loan officer in the country, according to the Scotsman Guide. million in VA loans (77% of the total). Most of his loans this year, precisely 89%, were purchases. Most of his loans this year, precisely 89%, were purchases. Gade originated $165.4

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Lowest mortgage rates in months create surge in applications

Housing Wire

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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Loan officers are seeing an uptick in FHA, VA demand

Housing Wire

The move in government refinances was driven by a 75% increase in VA loans, which have been prone to large changes in recent months. On-the-ground observations Loan officers say they’re seeing an increase in government loan demand. Certain geographic areas have higher shares of government loans.

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Better launches fully digital VA loan with no minimum down payment

Housing Wire

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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