Housing Wire

JUNE 17, 2021

Mortgage applications for new home purchases fell 9% month-over-month in May at a seasonally unadjusted pace ? the second consecutive month sales of new homes have dropped, according to data released Thursday by the Mortgage Bankers Association. By product type, conventional loans made up 743.9%

Sales 500

Sales VA loan FHA loan Loans 500

Realty Biz

SEPTEMBER 23, 2023

Understanding the mortgage process, including prequalification and pre-approval, is also essential. Buyer agents can provide valuable support in various situations, such as buying a new home or purchasing a foreclosure. Understanding the Mortgage Process When purchasing a home, understanding the mortgage approval process is essential.

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

Housing Wire

JULY 26, 2021

New home sales continued to slip in June, falling 6.6% below June 2020’s pace of nearly 900,000, as the price of new homes in June 2021 rose to approximately 6% above last year’s average price. The median sales price of new houses sold in June 2021 was $361,800. The average sales price was $428,700.

Sales 421

Sales VA loan FHA loan Loans 421

HomeLight

APRIL 14, 2023

That said, you can still expect to pay at least a few thousand dollars in standard taxes, services, and processing fees before being handed the keys to your new home. This is especially true if you intend to take out a mortgage. Others, such as origination fees and interest, are directly related to obtaining a mortgage.

Closing costs 96

Closing costs Closing Title Loans 96

The Close

NOVEMBER 25, 2022

We are their trusted advisers, and are often their first point of contact in a new city. Easy financing through VA loans. Easy financing through Department of Veterans Affairs loans is another reason. Zero interest loans are an even bigger deal in our current lending environment! It’s also a 0% interest loan.

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VA loan Loans Loan Officer Finance 78

Housing Wire

OCTOBER 19, 2021

Purchase mortgage applications for new homes were down 16.2% in September compared to a year ago, according to Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data released on Tuesday. The estimated pace of new home sales decreased 3.5% The estimated pace of new home sales decreased 3.5%

VA loan 410

VA loan FHA loan Mortgages Loans 410

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. The expansion comes amid a surge in mortgage rates and declining loan origination volume.

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Mortgages Loans Lending Construction 384

HomeLight

APRIL 20, 2023

Others, such as origination fees and interest, are directly related to obtaining a mortgage. Richie Helali , a licensed, senior mortgage advisor at HomeLight Home Loans , says that closing costs are most often paid through wire transfer or certified check, along with the down payment for the mortgage.

Closing costs 85

Closing costs Closing Inspection Loans 85

Housing Wire

AUGUST 22, 2022

July was another rough month for homebuilders, with mortgage applications for new home purchases dropping 16.1% from a year ago, according to the latest Mortgage Bankers Association ‘s builder application survey. On an unadjusted basis, the MBA estimated that there were 50,000 new home sales in July 2022, a decrease of 10.7%

VA loan 370

VA loan FHA loan New Construction Loans 370

Housing Wire

SEPTEMBER 14, 2023

Over one-third (34%) of prospective buyers have yet to purchase a home because there are not enough homes for sale in their budget, according to a new survey from the National Association of Realtors. The Realtor survey was sent out in late July to 55,751 randomly-selected residential Realtors.

FHA loan 441

FHA loan VA loan Loans Finance 441

Marco Santarelli

APRIL 19, 2024

This period between March and June typically accounts for over a third of annual home sales as warmer weather and the end of the school year motivate many buyers to make their move. The latest data indicates affordability constraints are weighing on home sales activity. Total home sales (existing and new) in February ticked up 8.1%

Marketing 52

Marketing VA loan Construction Mortgages 52

RIS Media

SEPTEMBER 21, 2021

Mortgage applications for new-home purchases decreased 17% compared to last year, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2021. Unadjusted, MBA estimates there were 71,000 new-home sales in August 2021—an increase of 10.9% of loan applications.

Mortgages 104

Mortgages VA loan FHA loan Loans 104

HomeLight

AUGUST 9, 2022

The down payment on a home gets your foot in the door, and the mortgage lets you move in. It’s the first financial move you’ll make in securing your new home purchase. The size of your down payment can depend on a variety of factors, like where you’re buying, how much you have saved, and what kind of mortgage you’ll get.

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Earnest money deposit VA loan Purchase and sale agreement FHA loan 100

Realtor.com

NOVEMBER 28, 2022

Getty Images With mortgage interest rates near 7% and home prices hovering at a national median of $425,000, many homebuyers might be wondering how they’ll be able to pay for a property, and searching for ways to reduce costs. Here’s everything you need to know about USDA loans, and whether they’re right for you.

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Loans Mortgages FHA loan Debt-to-income ratio 95

HomeLight

APRIL 13, 2023

According to ClosingCorp, which provides real estate closing cost data for the mortgage industry, closing costs in Florida, including transfer taxes, average 2.3% of the sales price. Others, such as origination fees and interest, are directly related to obtaining a mortgage. Who pays for closing costs in Florida?

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Closing costs Closing Title Inspection 82

Realtor.com

NOVEMBER 9, 2022

Inflation and rising rents have cut deeply into their savings accounts, and, lately, mortgage rates have hit 20-year highs. “Sellers look at the smaller down payment as coming from a riskier buyer, with less certainty that the mortgage will be approved or close on time,” says Rob Chrane , CEO of DownPayment Resource.

VA loan 111

VA loan FHA loan Loans Sales 111

Real Trends

SEPTEMBER 14, 2023

Over one-third (34%) of prospective buyers have yet to purchase a home because there are not enough homes for sale in their budget, according to a new survey from the National Association of Realtors. The Realtor survey was sent out in late July to 55,751 randomly-selected residential Realtors.

FHA loan 84

FHA loan VA loan Loans Finance 84

Redfin

AUGUST 2, 2022

In other cases, only the home’s structure may be for sale, meaning you’ll likely pay rent for the moorage, similar to HOA fees. When you buy a home, you’ll most likely have a mortgage – unless you purchased the home with cash. In some cases, the previous owner may have owned the moorage.

VA loan 59

VA loan FHA loan Loans Design 59

HomeLight

SEPTEMBER 1, 2022

Consider the following down payment assistance programs in Florida: Florida Assist (FL Assist) : The Florida Assist program will loan up to $10,000 in closing costs on approved FHA, VA, USDA, and conventional mortgage loans. The second mortgage is forgiven at 20% per year, over a 5-year term. down payment.

Earnest money deposit 81

Earnest money deposit FHA loan Purchase and sale agreement Title 81

HomeLight

JUNE 4, 2021

Source: ( LinkedIn Sales Solutions / Unsplash). Flexible financing options — you may still qualify for a conventional, FHA, or VA loan for a small multifamily home. Potential tax benefits for the owner — can write off most of the repairs and the interest you pay on your mortgage as a business expense.

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Residential Investor Property Management Commercial 103