Housing Wire

OCTOBER 20, 2022

” The post Voxtur rolls out attorney opinion letters for VA loans appeared first on HousingWire. The industry group has also said alternatives to title insurance “pose an even greater risk to the housing finance system.”

VA loan 418

VA loan Loans Title Land 418

Housing Wire

FEBRUARY 11, 2022

The VA loan is an important financing tool for VA-eligible borrowers to achieve their homeownership dream. In 2021 one in two VA borrowers was a first-time homebuyer (FTHB). . The average VA FTHB’s interest rate was 2.90% and the quarterly FTHB VA purchase loan volume stayed elevated.

VA loan 397

VA loan Loans Lending Finance 397

Housing Wire

DECEMBER 18, 2024

Meanwhile, government loan activity increased across all loan types, excluding U.S. Department of Veterans Affairs (VA) loans. VA loan activity fell 100 bps to 15.3% including a large decrease in VA refi application volume. Department of Agriculture (USDA) loans increased 10 bps to 0.5%.

VA loan 388

VA loan Mortgages FHA loan Loans 388

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. 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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Loan Officer Loans VA loan FHA loan 275

Housing Wire

MARCH 13, 2025

By loan type, conventional mortgages made up 56.7% FHA loans had a share of 32.1%, followed by U.S. Department of Veterans Affairs (VA) loans at 10.6%, and U.S. Department of Agriculture (USDA) loans at 0.6%. The average loan size declined from $403,416 in January to $397,516 in February. of applications.

FHA loan 356

FHA loan VA loan Mortgages Loans 356

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.

As-is 396

As-is VA loan Mortgages Loans 396

Housing Wire

DECEMBER 17, 2024

Conventional loans accounted for 61.6% of applications, Federal Housing Administration (FHA) loans for 28% and U.S. Department of Veterans Affairs (VA) loans for 9.9% The average loan size for new homes decreased to $402,873, down from $409,942 in October. from the 56,000 sales in October. in November.

FHA loan 395

FHA loan VA loan Mortgages Loans 395

Housing Wire

NOVEMBER 11, 2024

of the loan amount) compared to the VA’s purchase, construction and cash-out refi options. To qualify, borrowers must have a current VA loan that is in good standing and must have previously used their VA entitlement. The product has a lower funding fee (0.5%

Closing costs 359

Closing costs Loans Closing VA loan 359

Housing Wire

FEBRUARY 13, 2025

Jumbo mortgage rates were up 2 bps, VA loan rates were up 4 bps and FHA loan rates remained unchanged. Optimal Blue reported that after hitting a multiyear low in December, the conforming loan share edged up slightly to 51% of total production but remained near record lows.

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VA loan FHA loan Mortgages Loans 281

Keeping Current Matters

MAY 27, 2024

For over 80 years, Veterans Affairs (VA) home loans have helped millions of veterans buy their own homes.

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VA loan Loans 354

Keeping Current Matters

NOVEMBER 10, 2023

VA home loans can help people who served our country become homeowners.

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VA loan Loans 356

Housing Wire

APRIL 8, 2025

These loans, including jumbo and non-qualified mortgage offerings, accounted for 16.8% Conforming loan share fell to 51%, FHA volume dropped to 19.6%, and VA loans edged up slightly to nearly 12%. of total lock volume.

Loans 295

Loans Debt-to-income ratio VA loan FHA loan 295

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.

VA loan 468

VA loan Loans Mortgages Lending 468

Housing Wire

APRIL 18, 2025

By product type, conventional loans composed 49.0% of loan applications, FHA loans composed 37.0%, RHS/ USDA loans composed 0.9% and VA loans composed 13%. The average loan size for new homes decreased from $397,516 in February to $381,921 in March.

VA loan 200

VA loan FHA loan Mortgages Loans 200

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.”

VA loan 523

VA loan Agents Loans MLS 523

Housing Wire

APRIL 2, 2025

Assumable mortgages let buyers take over a sellers loan, with Federal Housing Administration (FHA) and Veterans Affairs (VA) loans about one-third of all U.S. Roam gives Americans the tools to save themselves from the increasing disconnect between what families can afford and what the median home sells for in this market.

Mortgages 278

Mortgages VA loan Loans Closing 278

Keeping Current Matters

NOVEMBER 9, 2023

For more than 79 years, Veterans Affairs (VA) home loans have helped millions of veterans buy their own homes.

VA loan 357

VA loan Loans 357

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

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.

FHA loan 468

FHA loan VA loan Mortgages Loans 468

Keeping Current Matters

NOVEMBER 11, 2024

For over 79 years, Veterans Affairs (VA) home loans have helped countless Veterans achieve the dream of homeownership.

VA loan 315

VA loan Loans 315

Housing Wire

NOVEMBER 8, 2024

Sears cited the trade group’s efforts in advocating for changes in VA loan procedures. Department of Veterans Affairs can still use their loan benefit when working with a buyer’s agent regardless of how their agent is being compensated. “So, as I look to 2025 and where we want to go, it is to stick to the basics.

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VA loan Commercial Loans Staging 367

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.

VA loan 523

VA loan Loans Brokerage MLS 523

Housing Wire

NOVEMBER 16, 2020

VA loans are mortgage loans that are guaranteed by the Department of Veterans Affairs. Only homebuyers who are military veterans, current military members or their spouses can qualify for a VA loan. Like VA loans, USDA loans require no down payment. Minimum down payment: Zero.

VA loan 501

VA loan FHA loan Mortgages Loans 501

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.

Debt-to-income ratio 320

Debt-to-income ratio Agents VA loan MLS 320

Housing Wire

JANUARY 3, 2023

My hope is that many of the features and policies that have made the VA loan the safest mortgage in the U.S. While I’m a fan of improving antiquated systems, I first wonder if the VA, the MBA, or Congress were open enough about the problems with the current system.

VA loan 83

VA loan Loans HR Due diligence 83

Housing Wire

SEPTEMBER 1, 2020

VA loans may need protection now more than ever as a recent report on Department of Veterans Affairs data revealed VA loans rose 114% through the first three quarters of fiscal year 2020 compared to the same period last year.

VA loan 500

VA loan Mortgages Loans Lending 500

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.

Equity 468

Equity VA loan FHA loan Mortgages 468

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%

VA loan 482

VA loan Agents Seller concession FHA loan 482

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.”

VA loan 448

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.

VA loan 472

VA loan Mortgages Fixed-rate mortgage Loans 472

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.

VA loan 476

VA loan Loans Principal Mortgages 476

Housing Wire

NOVEMBER 7, 2023

Unfortunately, too many veterans, as well as too many real estate professionals, don’t have the understanding they need to successfully utilize VA loans. Throughout his career, Smith had the opportunity to train over 228,000 real estate agents and consumers on the benefits of VA mortgage products.

Lending 407

Lending VA loan Loans Mortgages 407

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. This represents a 3.2%

Loans 468

Loans VA loan Finance Mortgages 468

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.

VA loan 475

VA loan FHA loan Loans Mortgages 475

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.

VA loan 475

VA loan Loans Banks Mortgages 475

Housing Wire

MARCH 29, 2022

Origination volume in the Veterans Affairs (VA) universe amounted to $388 billion in 2021, an analysis of Home Mortgage Disclosure Act (HMDA) data by Polygon Research application HMDAVision found. This marks a notable dip in originations from 2020, a record-breaking year in which VA lenders pumped out approximately $427 billion in VA loans.

VA loan 369

VA loan FHA loan Loans Banks 369

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% a year prior.

VA loan 435

VA loan FHA loan Loans Mortgages 435