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Better launches fully digital VA loan with no minimum down payment

Housing Wire

Department of Veteran Affairs (VA) loans through its Tinman platform. We’ve been working toward launching a VA product for the past two years,” Vishal Garg, founder and CEO of Better, said in an interview with HousingWire. Better’s rate for VA loans was 6.375% as of Tuesday afternoon, the company said.

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Patton Gade, top LO for VA loans, heads to UMortgage

Housing Wire

He’ll join forces with fellow veteran loan originator Jay Bunte in the brokerage firm. years and did some other sales jobs before joining the mortgage space about a decade ago. He worked for several mortgage companies, including Bridgeview Bank Group , Mutual of Omaha Mortgage, Inc. Gade, 50, was in the Army for 8.5

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Busting VA mortgage loan myths

Housing Wire

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. Earlier in my life, I was directed away from using a VA loan when I purchased my first home.

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Voxtur rolls out attorney opinion letters for VA loans

Housing Wire

In September, United Wholesale Mortgage , the largest wholesale lender in the country, announced that it would be launching AOLs, which it claimed could save borrowers up to $1,100 on purchase loans and about $800 on refis. ” The post Voxtur rolls out attorney opinion letters for VA loans appeared first on HousingWire.

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Will rising interest rates impact VA loans for first-time homebuyers?

Housing Wire

The VA loan is an important financing tool for VA-eligible borrowers to achieve their homeownership dream. In 2021 one in two VA borrowers was a first-time homebuyer (FTHB). . Last year, mortgage interest rates reached record lows. This translates into an average of $56 billion in mortgage originations per year.

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VA Loans: Helping Veterans Achieve Their Homeownership Dreams

Keeping Current Matters

For over 75 years, VA home loans have provided millions of veterans and their families the opportunity to purchase their own homes. 2020 Data on VA Home Loans. 1,246,817 home loans are guaranteed by the Veterans Administration. The average VA loan amount totals $301,044. Thank you for your service.

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High mortgage rates sideline homeowners from tapping home equity: ICE

Housing Wire

Mortgage holders withdrew a mere 0.41% of tappable equity in Q3, about 55% below the average withdrawal rate seen in the 12 years leading up to the Federal Reserve ’s most recent tightening cycle, according to the latest ICE Mortgage Technology ‘s mortgage monitor report. for FHA loans and 44.5% for VA loans.

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