Lab Coat Agents

MAY 1, 2024

VA loan assumptions offer a fantastic opportunity for your clients to save thousands on their mortgage in a rising interest rate environment. What is a VA Loan Assumption? What is a VA Loan Assumption? This can provide significant savings compared to taking out a new loan at prevailing market rates.

VA loan 52

VA loan Loans Debt-to-income ratio FHA loan 52

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%

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VA loan FHA loan Loans Mortgages 389

Housing Wire

MARCH 25, 2021

If you’re a first-time homebuyer (or you already own a home), you’ve heard of mortgage loans. 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.

Loans 542

Loans VA loan FHA loan Finance 542

Housing Wire

NOVEMBER 8, 2023

3, total home loan applications increased 2.5% 3, total home loan applications increased 2.5% Applications for both purchase and refinance loans were up over the week but remained at low levels,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. “”The For the week ending Nov. of total applications.

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VA loan FHA loan Mortgages Loans 409

Housing Wire

OCTOBER 4, 2023

Bucking the downward trend, the share of adjustable-rate mortgage (ARM) applications rose to 8% of all loan applications, the MBA found. Bucking the downward trend, the share of adjustable-rate mortgage (ARM) applications rose to 8% of all loan applications, the MBA found. 29, down 22% from a year ago, according to unadjusted data. .

Mortgages 469

Mortgages VA loan FHA loan Loans 469

Housing Wire

MARCH 11, 2024

for cash-out loans. The index for Federal Housing Administration (FHA) loans rose 28 bps to 6.66%, while the U.S. Department of Veterans Affairs (VA) index rose 41 bps to 6.50% and the jumbo index rose 37 bps to 7.35%. Rate lock volume rose 5% from January to February due to a notable 8.3%

VA loan 418

VA loan FHA loan Loans Lending 418

Housing Wire

OCTOBER 18, 2023

The share of Federal Housing Administration (FHA) loan activity inched up to 14.8% The share of Department of Veterans Affairs (VA) loan activity was 10.7%, up from 10.2% the week prior while the share of Department of Agriculture (USDA) loan activity held steady at 0.5%. Meanwhile, the ARM share was 9.3%, 0.1

Mortgages 429

Mortgages VA loan FHA loan Loans 429

Housing Wire

SEPTEMBER 15, 2023

Take that information and provide a Facebook Live session or a series of Facebook Lives , invite your friends and followers to learn more about these loan programs. Work with a lender who specializes in first responder types of loans, FHA , VA and HUD programs and interview them for a video, Facebook live session or if you have a podcast.

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VA loan Loans Mortgages Closing costs 396

Housing Wire

NOVEMBER 16, 2020

Here are your choices: FHA mortgages. FHA mortgages are insured by the Federal Housing Administration. They allow for lower credit scores than most other loans. The one caveat with FHA loans is that they require a Mortgage Insurance Premium both at closing and as part of your monthly payment. USDA loans.

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VA loan FHA loan Mortgages Loans 477

Calculated Risk Real Estate

MAY 16, 2024

From the MBA: Mortgage Delinquencies Increase Slightly in the First Quarter of 2024 The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.94 The percentage of loans on which foreclosure actions were started in the first quarter remained unchanged at 0.14

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VA loan FHA loan Mortgages Loans 108

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The fees are typically lower than in new loans, and no appraisal is needed. The product, known as an assumable mortgage, is not new.

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Housing Wire

MARCH 5, 2024

Typically, the fees are lower than those for new loans and no appraisal is needed. In 2023, the Federal Housing Administration (FHA) and the U.S. Department of Veterans Affairs (VA) handled about 6,400 assumptions, more than double the amount in 2022, according to The Wall Street Journal. trillion in FHA and VA loans.

VA loan 402

VA loan Mortgages Loans Agents 402

Housing Wire

DECEMBER 15, 2021

The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) remained unchanged at 3.30%. For jumbo mortgage loans (greater than $548,250), rates decreased to 3.32% from 3.33% the week prior. decline in applications for government loans. Refinances represented 63.3%

VA loan 388

VA loan FHA loan Fixed-rate mortgage Loans 388

Housing Wire

DECEMBER 8, 2021

The trade group estimates the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) decreased to 3.30%, one basis point down from the previous week. For jumbo mortgage loans (greater than $548,250), rates rose to 3.33% from 3.27% the week prior. VA loans comprised 10.7%, increasing seven basis points.

FHA loan 429

FHA loan Mortgages VA loan Fixed-rate mortgage 429

Realty Biz

SEPTEMBER 24, 2022

Military borrowers looking to buy or refinance a home might want to consider a VA loan. Department of Veterans Affairs (VA), this loan option can make buying a home easier for those who might otherwise struggle to afford a mortgage. What Is a VA Loan? Benefits of a VA Loan. Backed by the U.S.

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VA loan Loans FHA loan Mortgages 66

Housing Wire

MAY 25, 2021

New legislation would extend a benefit similar to Veterans Affairs loans to first responders and teachers who buy homes. Mortgages would be subject to FHA loan limits. The benefit is modeled on the widely used home loan program for veterans, which is administered by the Department of Veterans Affairs. Al Lawson (D-Fla.),

FHA loan 464

FHA loan VA loan Loans Loan Officer 464

Housing Wire

JUNE 26, 2023

The total number of loans in forbearance at the end of Q1 stood at 65,757, coming out to 0.21% of the total loans serviced and 15% of delinquent loans. The total number of loans in forbearance at the end of Q1 stood at 65,757, coming out to 0.21% of the total loans serviced and 15% of delinquent loans.

VA loan 342

VA loan FHA loan Fixed-rate mortgage Principal 342

Housing Wire

FEBRUARY 16, 2023

The delinquency rate for mortgage loans on one- to four-unit residential properties rose 51 basis points from the previous quarter to a seasonally adjusted rate of 3.96% of all loans outstanding in the fourth quarter of 2022, according to the Mortgage Bankers Association (MBA). “As trillion — a 13% decline — over the past two quarters.

Mortgages 397

Mortgages Equity VA loan FHA loan 397

HomeLight

FEBRUARY 12, 2021

You’ve just received the first offer on your home — and it’s backed by an FHA loan. So what do you need to know about FHA loans as a seller? Today, FHA loans represent a fair share of the mortgage market; in 2018, the FHA insured 12.1% FHA loans help make homeownership more accessible.

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FHA loan Loans Pre-approval Pre-qualification 109

Housing Wire

JUNE 12, 2023

Today, nearly nine out of every 10 mortgages originated is a purchase loan, the report notes. 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 402

Loans Mortgages Lending Marketing 402

Housing Wire

APRIL 4, 2022

Text sign showing hand written words FHA Home loan. The spectacular and historic spike in interest rates will hurt most homebuyers, but one group is especially vulnerable: FHA borrowers. The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined.

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HomeLight

MAY 8, 2024

Selling a house “as is” in Louisiana? Whether you’ve got a fixer-upper or recently inherited a relative’s home, sometimes you may just want to skip repairs, get a fair cash offer for your property, and move on. If you’re selling a house “as is” in Lousiana, we’ve got you covered. No Is a real estate attorney required?

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As-is Inspection Finance Residential 86

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. With the majority of Fed officials expecting another rate hike by year-end, Duncan predicts a 50/50 chance of that happening, depending on how resilient the economy is against the Fed’s monetary policy.

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Housing Wire

JUNE 30, 2023

According to the company’s statement, “The relevant loans, some dating back 15 years, make up less than a half percent of our total federal loans originated during this time frame. Like its peers, Movement has the authority to originate and underwrite loans without first having the government review them.

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Loans Mortgages Land Development 373

Housing Wire

MAY 26, 2021

The percentage of purchase mortgages increased to 43% of total closed loans. The average interest rate for all loans was 3.22% in April, the report found — up from 2.99% in March. The average interest rate for all loans was 3.48% in April 2020. How to defend your team against the top three threats to loan quality.

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Housing Wire

OCTOBER 19, 2022

Large IMBs with portfolio holdings or a non-qualified mortgage (non-QM) loan focus have more risk than smaller IMBs, concluded the CHLA’s latest report, which was issued Wednesday. IMBs’ highest priority is to reduce and align expenses with shrinking loan volume and reduced profit margins.

VA loan 370

VA loan FHA loan Fixed-rate mortgage Banks 370

Keeping Current Matters

MARCH 22, 2021

According to data from the most recent Origination Insight Report by Ellie Mae , the average FICO® score on closed loans reached 753 in February. Here’s what Experian , a global leader in consumer and business credit reporting, says: Federal Housing Administration (FHA) loans: “With a 3.5% Bottom Line. Bottom Line.

VA loan 269

VA loan FHA loan Mortgages Lending 269

HomeLight

DECEMBER 28, 2023

In this post, we will walk you through everything you need to know about transferring or “assuming” a home loan. Taking over mortgage payments might initially seem like simply stepping in to pay someone else’s monthly loan bills. What types of loans are assumable? Most conventional loans are not assumable.

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Loans Purchase and sale agreement VA loan Mortgages 97

Housing Wire

OCTOBER 21, 2022

If local lenders are able to leverage strategic partnerships to bring new loan offerings to market, they’ll be ideally positioned to serve a wider range of borrower needs and create lasting change in American homeownership. The state of the U.S. The state of the U.S. How local lenders can support homeownership in today’s housing market.

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VA loan FHA loan Loans Banks 328

HomeLight

DECEMBER 8, 2023

Or, you might want to allow a family member to assume your mortgage so they can inherit a financial advantage through your low-interest-rate home loan. An assumable mortgage is a type of home loan transaction that allows a new buyer to take over the seller’s existing mortgage. Why would I let a buyer assume my loan?

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VA loan FHA loan Mortgages Loans 102

HomeLight

NOVEMBER 6, 2023

Assuming a mortgage allows you to step into the shoes of the seller and take over their loan, often at a lower interest rate. An assumable mortgage allows a buyer to purchase a home by taking over the seller’s existing mortgage loan. Which mortgage loans are assumable? VA funding fee.

FHA loan 101

FHA loan VA loan Mortgages Marketing 101

HomeLight

DECEMBER 5, 2023

” An assumable mortgage could be a smart solution, offering the possibility to take over a home loan with more favorable terms than currently available in the market. We’ll cover what types of assumable loans are available, the process, how to find them, and the pros and cons of assuming a mortgage.

FHA loan 101

FHA loan VA loan Mortgages Loans 101

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

HomeLight

DECEMBER 12, 2023

In this guide, we’ll review what it means to transfer a mortgage, helping you make informed decisions about your home loan or home sale. Transferring a mortgage, simply put, means passing the responsibility and rights of your home loan from you to another person. Conventional loans : These are usually not assumable.

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VA loan FHA loan Mortgages Loans 108

Housing Wire

NOVEMBER 4, 2020

percent last week, but rates for 15-year fixed-rate loans, FHA loans and jumbo loans all fell to new MBA survey lows.”. Here is a more detailed breakdown of this week’s mortgage application data: The FHA’s share of mortgage apps fell to 11.1% The VA share of applications increased to 12.2% from 11.7%.

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Fixed-rate mortgage Mortgages FHA loan Loans 500

Rent, Buy & Sell

FEBRUARY 7, 2021

Great credit allows people to get the best interest rates on various types of loans. Bad credit is usually the result of late bill payments, bankruptcy, foreclosure and loan defaults. The FHA Loan program was created to help low to moderate-income homebuyers, particularly those that do not have enough cash saved for a down payment.

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Loans VA loan FHA loan Hard money loan 98

Point2Homes

MAY 21, 2021

Below, we’ll review first-time homebuyer loans and programs that will give you a better deal when you purchase a house. The Federal Housing Administration (FHA) operates a program to help people who may not have the best credit history. VA loans are one of the few $0 down payment loan programs, along with USDA loans.

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Loans VA loan FHA loan Renovation 144