Housing Wire

APRIL 15, 2024

Based on the selling guides in use by the GSEs, property sellers are allowed to make financing concessions toward the borrower’s closing costs at a maximum amount of 2% to 9% of the property value. Department of Veterans Affairs seeking similar guidance on VA loans, but Sears said that letter remains unanswered.

Agents 529

Agents Seller concession VA loan Finance 529

Real Trends

DECEMBER 14, 2022

For many homebuyers and housing industry professionals, there are lots of myths and misunderstandings about the VA loan and lending process. Vetted VA seeks to change that narrative. Learning the ropes of VA loans. Financing options available to veterans. said Griffith.

VA loan 103

VA loan Loans Lending Loan Officer 103

HomeLight

NOVEMBER 29, 2023

If you’re eyeing a property with a VA loan attached, you might be wondering about the potential of assuming the loan to benefit from a lower interest rate. This guide will walk you through the concept of an assumable VA loan. What are the requirements to assume a VA loan?

VA loan 101

VA loan Loans Mortgages Agents 101

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.

Loans 412

Loans VA loan Finance Mortgages 412

Realty Biz

MARCH 28, 2023

A VA appraisal is similar in some ways to the appraisal with a conventional mortgage, but they do more to protect buyers. We look at a home's requirements when applying for a VA loan. There are VA loan inspection requirements for appraisals that buyers, sellers, and real estate agents should know.

VA loan 94

VA loan Inspection Loans Land 94

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 418

FHA loan VA loan Mortgages Loans 418

The Mortgage Report

OCTOBER 21, 2021

No more VA loan limits VA loan limits were repealed in 2020. That means the VA mortgage program — arguably the best financing available — is now better. An end […].

VA loan 98

VA loan Loans Finance Mortgages 98

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 417

Equity VA loan FHA loan Mortgages 417

Housing Wire

NOVEMBER 9, 2023

For this reason, many programs now allow funds to be used for buydowns and other popular financing strategies that take the edge off of monthly mortgage payments,” Rob Chrane, founder and CEO of DPR, said in a statement. Buydowns have become a preferred financing strategy for borrowers as mortgage rates have surged.

FHA loan 436

FHA loan VA loan Finance Loans 436

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 380

VA loan Agents Pre-approval Debt-to-income ratio 380

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.

VA loan 66

VA loan Loans FHA loan Mortgages 66

Housing Wire

MARCH 25, 2024

The current VA rule states that a borrower using a VA loan cannot pay fees or commissions to a real estate agent unless determined “by the Under Secretary for Benefits as appropriate for inclusion. as proper local variances, under current VA regulations.“ “We

Agents 430

Agents VA loan Loans Mortgages 430

Housing Wire

DECEMBER 14, 2023

The letter states that the CHLA believes this shift could have “profound negative impact on the ability of home buyers to pay for or finance those commissions and on loan appraisal loan to value (LTV) calculations and requirements.” Under current regulations, VA buyers are not allowed to pay for buyer’s representation.

Lending 392

Lending Mortgages VA loan Finance 392

Housing Wire

MARCH 26, 2024

Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention actions in the fourth quarter of 2023, according to a new report published by the Federal Housing Finance Agency ( FHFA ). By comparison, the serious delinquency rate for Federal Housing Administration ( FHA ) loans was 3.42% in Q4 2023. The rate for U.S.

VA loan 399

VA loan FHA loan Short sale Loans 399

Housing Wire

MARCH 28, 2024

Department of Veteran Affairs (VA) on Wednesday, urging it to revise policies that prohibit veterans from paying buyer broker commissions.

VA loan 409

VA loan Closing costs MLS Loans 409

Housing Wire

OCTOBER 25, 2023

The share of Federal Housing Administration (FHA) loan activity inched up to 15.2% The share of Department of Veterans Affairs (VA) loan activity was 10.5%, down from 10.7% the week prior while the share of Department of Agriculture (USDA) loan activity decreased to 0.4% from 14.8% for the week ending Oct.

Mortgages 395

Mortgages VA loan FHA loan Loans 395

Housing Wire

OCTOBER 6, 2023

Then, we have all the traditional financing options, including jumbo.” ” PRMG offers a comprehensive range of mortgage products, including conventional, FHA, VA, USDA and jumbo loans. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans.

Mortgages 468

Mortgages VA loan Finance Loans 468

Housing Wire

JANUARY 10, 2024

The share of Federal Housing Administration (FHA) loan activity decreased to 14.4% The share of Department of Veterans Affairs (VA) loan activity was 16.3%, up from 14.6% Department of Agriculture (USDA) loan activity decreased to 0.4% Meanwhile, refinance applications were 19% higher than a year ago. from 14.5%

Mortgages 463

Mortgages VA loan FHA loan Loans 463

Housing Wire

OCTOBER 4, 2023

It was a similar story for Steve Miller, branch manager and senior loan officer at Embrace Home Loans. About 60% of his clients are first-time homebuyers, and more often than not they are using FHA loans, VA loans and DPA programs. on Wednesday, with lesser-qualified borrowers receiving quotes north of 8%.

FHA loan 437

FHA loan Loans Loan Officer Mortgages 437

Eye on Housing

APRIL 24, 2024

NAHB analysis of the most recent Quarterly Sales by Price and Financing report reveals that the share of new home sales backed by VA loans climbed substantially in the first quarter of 2024, while all-cash sales share fell by nearly 30%. However, the median purchase price of homes bought with cash continued to increase in.

VA loan 96

VA loan Sales Finance Loans 96

Housing Wire

DECEMBER 15, 2021

decline in applications for government loans. Would-be homebuyers are finding it hard to compete with FHA and VA loans in a purchase market defined by low inventory. The strength in conventional purchase activity continues to support higher loan balances, which moved back over $400,000. Refinances represented 63.3%

VA loan 382

VA loan FHA loan Fixed-rate mortgage Loans 382

Housing Wire

DECEMBER 6, 2023

The share of Federal Housing Administration (FHA) loan activity increased to 15%, down from 13.5% The share of Department of Veterans Affairs (VA) loan activity was 12.8%, up from 12.6% Department of Agriculture (USDA) loan activity remained unchanged at 0.5%. of total applications, down from 8.1% the week prior.

VA loan 512

VA loan Mortgages FHA loan Fixed-rate mortgage 512

Real Trends

NOVEMBER 11, 2022

Real estate professionals navigating housing in 2022 and beyond need to know their way around all the financing options available. Without knowledge of lesser-known financing choices, real estate professionals can miss the chance to turn their customers into homeowners, or sellers. . Shared equity financing.

Finance 106

Finance VA loan FHA loan Agents 106

Housing Wire

NOVEMBER 22, 2023

The share of Federal Housing Administratio n (FHA) loan activity increased to 14.8% The share of Department of Veterans Affairs (VA) loan activity was 11.3%, up from 11.2% Department of Agriculture (USDA) loan activity fell to 0.4% of all applications, down from 14.4% the week prior. week over week.

VA loan 456

VA loan FHA loan Mortgages Loans 456

Housing Wire

MARCH 28, 2024

Better Home & Finance Holding Co. , Approximately 91% of the company’s volume last year consisted of purchase loans, with refis accounting for 5% and the remaining share coming from home equity lines of credit (HELOCs). Going forward, Better is focused on driving market share and reaching profitability in the medium term.

Loan Officer 374

Loan Officer VA loan Loans Technology 374

Housing Wire

MAY 25, 2021

The bill would allow borrowers to finance up to 100% of the acquisition price. Mortgages would be subject to FHA loan limits. percent of the principal, which could be financed, and would not pay a monthly insurance premium. Loan officers, too, sometimes have reservations about government-financed loans.

FHA loan 469

FHA loan VA loan Loans Loan Officer 469

Housing Wire

OCTOBER 12, 2023

While conforming loans still made up the majority of production at 57% in September, conforming volumes trended well below pandemic levels, according to the report. FHA and VA loan production both gained in activity share to 20.6% Rates for FHA loans averaged 7.18%, VA loans were 7% and jumbo loans were 7.6%.

VA loan 331

VA loan Mortgages FHA loan Loans 331

Housing Wire

DECEMBER 20, 2023

The share of Federal Housing Administration (FHA) loan activity decreased to 15.5%, down from 16.1% The share of Department of Veterans Affairs (VA) loan activity was 15.6%, up from 14.2% Department of Agriculture (USDA) loan activity remained unchanged at 0.4%. the week prior.

Mortgages 353

Mortgages VA loan FHA loan Loans 353

Realty Biz

SEPTEMBER 30, 2023

By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation. Let's delve deeper into these topics to guide you towards an affordable home financing solution. Can you buy a house with bad credit?

Finance 98

Finance Debt-to-income ratio FHA loan Mortgages 98

Housing Wire

SEPTEMBER 30, 2022

We spoke to UMortgage Branch Manager Arielle Best, known as the VA Loan Lady on TikTok, about the platform and how best to utilize it as a mortgage loan originator. As the VA Loan Lady, she specializes in VA loans because she’s passionate about helping veterans. followers and 524.8k Building a brand.

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VA loan Mortgages Loan Officer Branding 403

Housing Wire

NOVEMBER 15, 2023

The share of Federal Housing Administration (FHA) loan activity decreased to 14.4% The share of Department of Veterans Affairs (VA) loan activity was 11.2%, up from 10.5% Department of Agriculture (USDA) loan activity held at 0.5% of all applications, down from 14.7% the week prior. while the share of U.S

VA loan 392

VA loan FHA loan Mortgages Loans 392

Housing Wire

NOVEMBER 8, 2023

The share of Federal Housing Administration (FHA) loan activity remained unchanged at 14.7%. The share of Department of Veterans Affairs (VA) loan activity was 10.5%, up from 10.1% while the share of Department of Agriculture (USDA) loan activity remained unchanged at 0.5% of total applications. week over week.

VA loan 403

VA loan FHA loan Mortgages Loans 403

Housing Wire

NOVEMBER 1, 2023

Kan added that “[adjustable-rate mortgage] loans increased almost 10% last week and continued to gain share, growing to 10.7% The share of Federal Housing Administration (FHA) loan activity was 14.7%, down from 15.2% The share of Department of Veterans Affairs (VA) loan activity was 10.1%, down from 10.5% the week prior.

Mortgages 383

Mortgages VA loan FHA loan Loans 383

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 331

VA loan FHA loan Fixed-rate mortgage Principal 331

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% In contrast, the share of new home sales backed by VA loans fell to a 16-year low of 4.8% of new home sales in 2023—a 1.3 Read More ›

VA loan 89

VA loan Sales Finance Loans 89

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%. from 14.4% for the week ending Oct.

Mortgages 423

Mortgages VA loan FHA loan Loans 423

Housing Wire

MARCH 1, 2021

Want to make sure you’re getting the best deal and making the right choice for your finances? Streamline refinances (if you have an FHA or VA loan). Both FHA and VA loans come with a streamline refinance option, which essentially means a fast-tracked path to a new mortgage loan.

Mortgages 427

Mortgages VA loan Loans Loan Officer 427