Housing Wire

MARCH 26, 2024

Of these actions, 2.682 million have been permanent loan modifications and 3.519 million actions have been other forms of assistance that allowed troubled borrowers to stay in their homes. The number of completed short-sale and deeds-in-lieu transactions in Q4 2023 totaled 134, a decrease of 12% compared to the previous quarter.

VA loan 410

VA loan FHA loan Short sale Loans 410

Housing Wire

SEPTEMBER 15, 2023

Did you know that HUD has an online search where you can find homes for sale all over the country that qualify for different special programs? This service record may qualify for a Veteran Affairs (VA) loan. VA loans are not well understood by many Realtors. VA loans have no down payment requirement.

VA loan 397

VA loan Loans Mortgages Closing costs 397

Housing Wire

FEBRUARY 7, 2023

In a paper published by the Urban Institute in October, Ted Tozer, the former head of Ginnie Mae , argued that government changes to assumable loans could benefit the market. There’s also the matter of handling piggyback mortgages since the sales price in most deals will exceed the mortgage’s unpaid balance.

FHA loan 371

FHA loan Mortgages Loan Officer VA loan 371

Housing Wire

JUNE 26, 2023

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. The number of foreclosure starts increased 6% during Q1 to 19,809, while third-party and foreclosure sales rose 12% to 3,700.

VA loan 344

VA loan FHA loan Fixed-rate mortgage Principal 344

Housing Wire

MARCH 5, 2024

trillion in FHA and VA loans. Moreover, some buyers face challenges in covering the down payment required to bridge the gap between the home’s sale price and the remaining mortgage balance. We help listing agents generate significantly more buyers for their home sales. Raunaq Singh About $8.5

VA loan 405

VA loan Mortgages Loans Agents 405

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

SEPTEMBER 22, 2023

However, a silver lining in the subdued housing market is the strength in new-home sales. Read on to learn more about Duncan’s views on the housing market, loan performance and affordability challenges homebuyers face. To what extent builders will offer rate buy-downs to drive sales remains to be seen.

FHA loan 429

FHA loan Bankruptcy Marketing Loans 429

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% Read More ›

VA loan 106

VA loan Sales Finance Loans 106

Housing Wire

NOVEMBER 17, 2021

He added that purchase applications increased for conventional and government loans, as demand shows resiliency in late fall when home buying activity typically slows. Stronger sales activity may continue in the weeks to come, shows the survey. VA loans consisted of 10.8%, increasing six basis points. the previous week.

VA loan 412

VA loan FHA loan Investor Loans 412

Eye on Housing

JULY 27, 2022

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that the four-quarter moving average (MA) share of new home sales financed through FHA was 11.0% Conventional loans financed 74.8% of new home sales in the second quarter of 2022—a 1.8

FHA loan 116

FHA loan Loans Sales Finance 116

HomeLight

DECEMBER 8, 2023

” as a strategy to accelerate your home sale. 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. Read on to unlock the possibilities that assumable mortgages could hold for your home sale.

VA loan 104

VA loan FHA loan Mortgages Loans 104

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. Haven’t heard of them?

Loans 542

Loans VA loan FHA loan Finance 542

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. Here’s a list of common mortgage types and their potential for transfer: FHA loans: These are typically assumable. Conventional loans : These are usually not assumable.

VA loan 110

VA loan FHA loan Mortgages Loans 110

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.

FHA loan 113

FHA loan Sales Finance Loans 113

HomeLight

NOVEMBER 6, 2023

Here are some common types of mortgage loans and their assumability: 1. FHA loans Federal Housing Administration ( FHA ) loans are often assumable. This means that a qualified buyer can take over the existing FHA loan, subject to lender approval. VA funding fee.

FHA loan 103

FHA loan VA loan Mortgages Marketing 103

HomeLight

DECEMBER 5, 2023

Below, we break down the major types of home loans to clarify which are assumable and which are not, helping you understand your options in today’s market. This option can be a boon in a high-rate environment, but buyers still need to qualify under the FHA’s guidelines and gain approval from the lender.

FHA loan 103

FHA loan VA loan Mortgages Loans 103

HomeLight

DECEMBER 12, 2023

Partner With a Top Agent Familiar With Assumable Mortgages An experienced agent can help minimize challenges and coordinate a home sale between family members. Here’s a breakdown of the common types of loans and their assumability: FHA loans: These loans, backed by the Federal Housing Administration ( FHA ), are typically assumable.

VA loan 106

VA loan Mortgages Purchase and sale agreement FHA loan 106

HomeLight

DECEMBER 28, 2023

Here’s a quick rundown of the common types of loans that are assumable: FHA loans: Backed by the Federal Housing Administration , these loans are assumable. However, the person assuming the loan must meet the FHA’s lending criteria. Most conventional loans are not assumable.

Loans 99

Loans Purchase and sale agreement VA loan Mortgages 99

HomeLight

APRIL 30, 2024

We’ll also break down the concept of mortgage assumption, clarify what loan types might qualify, and provide tips about this growing homeownership trend. Partner With a Top Agent Familiar With Assumable Mortgages An experienced agent can help minimize challenges and coordinate a home sale between family members.

Purchase and sale agreement 98

Purchase and sale agreement Mortgages VA loan Loans 98

Housing Wire

SEPTEMBER 21, 2020

The Home Affordable Refinance Program (HARP) certainly helped many households, but it was limited to those with existing loans backed by the government sponsored enterprises Fannie Mae and Freddie Mac. Smaller balance loans, in many cases likely FHA loans, are impacted by the factors noted above. What is driving this?

FHA loan 541

FHA loan Loans VA loan Mortgages 541

Point2Homes

DECEMBER 15, 2021

Here are some key factors to keep in mind about each: VA Loans. Although VA loans are granted to military members and their spouses, you don’t have to be a military service member to assume a VA loan. All FHA loans are assumable as long as the buyer and seller meet the lender’s requirements.

Debt-to-income ratio 109

Debt-to-income ratio VA loan Mortgages FHA loan 109

Real Trends

SEPTEMBER 15, 2023

Did you know that HUD has an online search where you can find homes for sale all over the country that qualify for different special programs? This service record may qualify for a Veteran Affairs (VA) loan. VA loans are not well understood by many Realtors. VA loans have no down payment requirement.

VA loan 82

VA loan Loans Mortgages Closing costs 82

Marco Santarelli

APRIL 20, 2024

The report further highlights a rise in delinquencies across various loan types: Conventional Mortgages: Delinquency rates for these loans rose slightly, from 2.5% FHA Loans: Loans insured by the Federal Housing Administration (FHA) saw a more significant jump, with delinquency rates climbing from 9.5%

Mortgages 52

Mortgages VA loan Marketing FHA loan 52

Realtor.com

NOVEMBER 9, 2022

When you sell your home, the buyers have to get their own mortgage and you pay yours off in full with proceeds from the sale. Most loans aren’t transferable, and the reason for this is that they have a “due on sale” clause, explains Chris Combs , founder of Combs Law Group.

Mortgages 98

Mortgages VA loan FHA loan Loans 98

HomeLight

DECEMBER 19, 2023

This approach involves taking over the existing mortgage of a home for sale, potentially allowing you to enjoy lower interest rates and reduced monthly payments. Here’s a brief overview: FHA loans: Insured by the Federal Housing Administration , these loans are often assumable.

Banks 100

Banks Mortgages VA loan FHA loan 100

HomeLight

OCTOBER 22, 2021

How much can I afford with a Federal Housing Authority (FHA) loan? “The whole point of FHA is to make it easier for folks to qualify for homes,” says Richard Helali, mortgage sales leader at HomeLight. For that reason, FHA loans have more relaxed credit score requirements , and offer low down payment options.

Pre-qualification 92

Pre-qualification Pre-approval VA loan FHA loan 92

HomeLight

AUGUST 31, 2021

We consulted expert Richie Helali, mortgage sales leader at HomeLight Home Loans, to walk you through the basics. PMI can be dropped when you reach 20% equity by paying down your loan principal. FHA loans are government-backed loans geared toward buyers who don’t qualify for conventional loans.

FHA loan 98

FHA loan VA loan Loans Loan Officer 98

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

Marco Santarelli

APRIL 24, 2024

According to a recent report by the National Association of Realtors (NAR) , existing-home median sales prices have risen year-over-year for 129 consecutive months. FHA Loans: Backed by the Federal Housing Administration, these loans are designed for borrowers with lower down payments (as low as 3.5%).

Pre-approval 52

Pre-approval Mortgages FHA loan Fixed-rate mortgage 52

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

Norada Real Estate

JUNE 22, 2022

They usually buy them at REO auctions, renovate them and rent them out to the tenants, before putting the property on the market for sale. These loans tend to allow a lower down payment and credit score when compared to conventional loans. FHA loans are government-insured loans and VA loans are offered by VA-approved lenders.

Finance 96

Finance FHA loan Investor Loans 96

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 FHA-backed sales made up 19.3%.

Finance 138

Finance Sales Loans Mortgages 138

Realty Biz

FEBRUARY 1, 2024

A credit in home sales can be given for several reasons. Credits Take on Different Forms Seller credits can take various forms, including a direct cash payment from the seller to the buyer, a reduction in the property's sale price, or the seller agreeing to cover specific expenses related to the transaction.

Purchase and sale agreement 80

Purchase and sale agreement Closing costs VA loan FHA loan 80

Realty Biz

SEPTEMBER 23, 2023

How Buyer Agents Get Paid Buyer agents are typically compensated through a commission fee, a percentage of the property's final sale price. They analyze property values, market conditions, and comparable sales to help you submit a fair and competitive offer. Guidance on understanding the foreclosure or short sale process.

Purchase and sale agreement 73

Purchase and sale agreement Pre-approval Agents Pre-qualification 73

Housing Wire

JUNE 28, 2023

New home sales have been driving purchase activity in recent months as buyers look for options beyond the existing-home sales market, which has historically low levels of inventory. Many potential sellers keep on holding on to their lower-rate mortgages, according to economists.

Mortgages 350

Mortgages Loans Sales VA loan 350

Housing Wire

FEBRUARY 16, 2024

According to MBA estimates, new single-family home sales were at a seasonally adjusted annual rate of 700,000 units in January, the highest pace since October 2023. In January, conventional loans accounted for 64.5% of loan applications for new homes. Federal Housing Administration (FHA) loans accounted for 24.8%

VA loan 384

VA loan FHA loan New Construction Loans 384

Housing Wire

JUNE 12, 2023

“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 403

Loans Mortgages Lending Marketing 403