Housing Wire

FEBRUARY 15, 2024

They’re using a DPA program through the New Jersey Housing and Mortgage Finance Agency (NJHMFA). They made good money, but with student loans and car payments, they didn’t have the money for the down payment and closing costs,” Saller said. They come in the forms of grants, second mortgages, deferred loans and forgivable loans.

FHA loan 440

FHA loan Loans Closing costs Loan Officer 440

Eye on Housing

APRIL 26, 2023

NAHB analysis of the most recent Quarterly Sales by Price and Financing report published by the U.S. Census Bureau reveals that the share of new home sales backed by FHA loans jumped from 8.4% Conventional loans financed. in the first quarter of 2023. Read More ›

FHA loan 113

FHA loan Sales Finance Loans 113

Housing Wire

DECEMBER 3, 2023

“Strong equity cushions not only provide borrowers incentive to work with their servicers to return to making mortgage payments, they also open up other options, such as salvaging earned equity with a traditional home sale rather than going through foreclosure. for FHA loans and 44.5% for VA loans.

Equity 420

Equity VA loan FHA loan Mortgages 420

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.

FHA loan 109

FHA loan Loans Pre-approval Pre-qualification 109

Housing Wire

NOVEMBER 22, 2023

The average loan size on a purchase application was $403,600, the lowest since January 2023. Joel Kan, MBA’s vice president and deputy chief economist, said this corroborates with other sources of home-sales data pointing to a rising share of first-time homebuyers entering the market. last week but remained subdued.

VA loan 454

VA loan FHA loan Mortgages Loans 454

Housing Wire

NOVEMBER 8, 2023

“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 The share of Federal Housing Administration (FHA) loan activity remained unchanged at 14.7%. of total applications. week over week.

VA loan 408

VA loan FHA loan Mortgages Loans 408

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. ” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. Financing Turnkey Rental Properties.

Finance 96

Finance FHA loan Investor Loans 96

Housing Wire

JUNE 26, 2023

This is according to the Federal Housing Finance Agency (FHFA) Q1 2023 Foreclosure Prevention and Refinance Report, which was published late last week. at the end of Q1, “compared with 4.01% for Federal Housing Administration (FHA) loans, 2.26% for Veterans Affairs (VA) loans, and 1.73% for all loans (industry average),” the report said.

VA loan 341

VA loan FHA loan Fixed-rate mortgage Principal 341

Housing Wire

MARCH 15, 2024

“You may see buyers’ agents still be relevant, but LOs need to find vehicles to educate their buyers’ agents, educating them on how to use seller concessions, for example, to finance buyer-paid broker fees.” VanFossen said there are talks about the “mortgage industry figuring out methods to finance the buyers’ real estate agent commission.”

Industrial 498

Industrial Seller concession Purchase and sale agreement Agents 498

Eye on Housing

APRIL 26, 2021

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans financed the largest share of new home sales since 2018. The share of sales backed by conventional loans in the Q1 2021 increased 2.8

Finance 138

Finance Sales Loans Mortgages 138

Housing Wire

SEPTEMBER 20, 2023

Last week, purchase applications increased for both conventional and FHA loans but remained 26% lower than the same week a year ago. The Federal Housing Administration loans’ share remained unchanged at 14.2%. Department of Veteran Affairs loans’ share decreased to 11% from 11.3% For the week that ended Sept.

Fixed-rate mortgage 400

Fixed-rate mortgage Mortgages FHA loan Loans 400

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

DECEMBER 3, 2020

According to Sam Khater, Freddie Mac’s chief economist, despite these persistently low mortgage rates, home sales are facing significant challenges. While homebuyer appetite remains robust, the scarce inventory has effectively put a limit on how much higher sales can increase. on FHA loans through its Conquest Program.

Mortgages 498

Mortgages FHA loan Loans Finance 498

Realtor.com

AUGUST 1, 2018

Michail_Petrov-96/iStock A few years back, my husband and I got an FHA loan. had recently bought using a Federal Housing Administration loan, and it was working out wonderfully. An FHA loan—which allows the buyer to put down as little as 3.5%—sounded You can’t buy just any house with an FHA loan.

FHA loan 91

FHA loan Loans Inspection Renovation 91

Housing Wire

AUGUST 15, 2022

The concern for Wells Fargo is that the bank would be responsible for any “reputational damage” when it finances large amounts of loans originated from other firms, Bloomberg said. billion in volume , according to Inside Mortgage Finance. Servicing rights is treated as an asset by banks that generates revenue.

Lending 370

Lending FHA loan Banks Finance 370

Eye on Housing

JANUARY 26, 2024

NAHB analysis of the most recent Quarterly Sales by Price and Financing report reveals that the all-cash purchases accounted for 8.4% of new home sales in 2023—a 1.3 In contrast, the share of new home sales backed by VA loans fell to a 16-year low of 4.8% in 2023.

VA loan 106

VA loan Sales Finance Loans 106

Housing Wire

FEBRUARY 22, 2024

“If buyers set the compensation for their own brokers directly, some buyer brokers might choose to offer flat fees or hourly rates in lieu of percentage commissions, since the amount of time and effort required by a buyer broker has a weak correlation, if any, to the ultimate sales price of the house. down payment for an FHA loan.

Industrial 413

Industrial MLS FHA loan Agents 413

Eye on Housing

OCTOBER 25, 2023

NAHB analysis of the most recent Quarterly Sales by Price and Financing report reveals that the all-cash share of new home sales climbed substantially in the third quarter of 2023 while VA-backed sales share fell by nearly half. After declining each of the two prior quarters, Read More ›

Sales 118

Sales Finance FHA loan Loans 118

HomeLight

DECEMBER 5, 2023

An assumable mortgage is a type of home loan that allows a new buyer to take over the seller’s existing loan terms, including the interest rate, remaining balance, and repayment period. This can be particularly advantageous if the existing loan’s interest rate is lower than current market rates.

FHA loan 103

FHA loan VA loan Mortgages Loans 103

Housing Wire

FEBRUARY 1, 2023

Nunziata explained that offering prospective homebuyers a $10,000 discount off the sales price of a $400,000 home, for example, will save the buyer about $60 a month on his or her mortgage payment. “So, The National Association of Realtors (NAR) reports that existing-home sales dropped 17.8% in 2022, the weakest showing since 2014.

Marketing 404

Marketing FHA loan Loans Mortgages 404

Housing Wire

DECEMBER 12, 2023

This phenomenon becomes clearly apparent when compared to existing home sales, for which these buydowns are very rare. As shown in the chart below, existing and new home sales for the 19 largest home builders had roughly the same note rates until January 2022. of the sales price, or one-third of the cost of a price cut (see table).

Debt-to-income ratio 381

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 381

Realtor.com

DECEMBER 6, 2022

Pgiam/iStock What is a “due on sale” clause in a mortgage contract? This common phrase, found in most conventional home loan paperwork, means that when a property is sold, the entire balance of the loan comes due. What is a ‘due on sale’ clause? Why do ‘due on sale’ clauses exist?

FHA loan 108

FHA loan Sales Loans Mortgages 108

Eye on Housing

FEBRUARY 17, 2023

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. of new home sales in the fourth quarter of 2022—the largest share since 1990. Census Bureau reveals that cash purchases made 11.2% The share of cash purchases has climbed each of the past four quarters and six of the last seven.

Sales 126

Sales Finance Marketing VA loan 126

HomeLight

NOVEMBER 6, 2023

An assumable mortgage allows a buyer to purchase a home by taking over the seller’s existing mortgage loan. One reason more buyers are seeking assumable mortgages is to take advantage of lower interest rate financing. Here are some common types of mortgage loans and their assumability: 1.

FHA loan 103

FHA loan VA loan Mortgages Marketing 103

Housing Wire

AUGUST 8, 2023

million in the previous quarter, “primarily driven by higher pull through weighted lock volume and gain on sale margin,” the company told investors. Purchase loans comprised 73% of the total. The gain-on-sale margin came in at 2.85% in the second quarter, better than the 2.26% registered in the previous quarter.

FHA loan 312

FHA loan Principal Lending Loans 312

Housing Wire

MARCH 14, 2024

Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot , recently spoke to RMD about how business in 2024 seemed to be off to a promising start. 1, the limit for HECM loans was increased to $1,149,825 by the Federal Housing Administration (FHA). 2024 HECM limit On Jan.

Mortgages 340

Mortgages Loan Officer FHA loan Equity 340

Housing Wire

OCTOBER 16, 2020

“Guild will not receive any of the proceeds from the sale of the shares in this offering.”. billion in mortgage loans held for sale. It retained servicing on 85% of its loans. Gain-on-sale margin was a fat 504 bps, up from 383 bps year-over-year. of Guild’s loans in 2019 were conventional, 21.2%

Mortgages 369

Mortgages Purchase and sale agreement FHA loan Loans 369

Eye on Housing

OCTOBER 29, 2021

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans financed 75.7% of new home sales in the third quarter of 2021—the largest share since the beginning of the Great Recession in 2008. The share increased 1.7

Loans 103

Loans Sales Finance FHA loan 103

Eye on Housing

FEBRUARY 3, 2021

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans financed the most new home sales in a fourth quarter since 2006 (see red bars in the chart below). percentage points (quarter-over-quarter).

Sales 105

Sales Finance Loans VA loan 105

HomeLight

MAY 8, 2024

As is” is a type of home sale where it’s understood that no improvements will be made to the property. An as-is sale may also indicate that the functionality and longevity of specific home components, such as the water heater or the roof, are in less than perfect condition and may need considerable repair.

As-is 88

As-is Inspection Finance Residential 88

HomeLight

AUGUST 21, 2023

If your appraisal comes out lower than you planned, it could end up delaying or disrupting your home’s sale. Find Agent Home appraisal process basics Unless you sell your home for cash or get an appraisal waiver , your home sale will probably include a home appraisal. After all, there’s a lot riding on your home’s appraised value.

Purchase and sale agreement 98

Purchase and sale agreement FHA loan Residential Loans 98

Realty Biz

SEPTEMBER 15, 2023

Others don’t want to spend more time and effort preparing their homes, which involves making repairs, upgrades, and staging before sale. Prevalence for Cash Offers Vary While you may not know friends or family members who paid all cash for their homes, you will most likely receive a cash offer if you list your home for sale now.

Proof of funds 93

Proof of funds FHA loan Investor Finance 93

Eye on Housing

JANUARY 27, 2022

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans financed 77.8% of new home sales in the fourth quarter of 2021—the largest share since Q1 2008. The share increased 2.9 percentage points since Q4.

Sales 58

Sales Finance Loans Marketing 58

Realty Biz

MARCH 13, 2024

Getting Pre-Approved For A Mortgage In a seller’s market like Maryland, getting pre-approved for a mortgage loan should be one of the first steps for hopeful buyers. Pre-approval provides a significant advantage by showing sellers you are a serious buyer with the financing ready to make a purchase.

Pre-approval 91

Pre-approval Marketing Inspection Closing costs 91

Housing Wire

DECEMBER 28, 2023

Targeting first-time homebuyers Those who catered to first-time homebuyers’ needs – offering Federal Housing Administration (FHA) loans and down payment assistance loans – fared relatively well compared to other colleagues who didn’t expand their target clients. trillion , according to the Mortgage Bankers Association (MBA).

Loans 410

Loans FHA loan Mortgages Loan Officer 410

Realty Biz

MARCH 30, 2023

Assess Your Finances As you might assume, a good place to begin is by assessing your finances. There are fixed-rate mortgages, adjustable-rate mortgages, hybrid loans, reverse mortgages, and FHA loans that all come with varying interest rates. Let's take a closer look.

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

HomeLight

JANUARY 22, 2024

This oftentimes will have to do with unique circumstances that don’t really lend themselves to renovating a property for sale. Sell 'As Is' With a Cash Offer in Virginia HomeLight’s Simple Sale platform will provide a no-obligation, all-cash offer for Virginia homes in almost any condition. Which types of homes are sold ‘as is’?

As-is 90

As-is Inspection Equity Renovation 90