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Housing authorities and lenders added 54 homebuyer assistance programs in Q3: report

Housing Wire

Among the available homebuyer assistance programs were 295 that allow borrowers to lower their interest rates by paying an upfront fee, according to DPR’s homeownership program index report. Buydowns have become a preferred financing strategy for borrowers as mortgage rates have surged. Source: Down Payment Resource

FHA loan 448
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How record-low mortgage rates changed everything in 2020

Housing Wire

While the United States may not have been prepared to combat a deadly virus, a quick and robust response from the Federal Reserve , along with changing consumer preferences, created a perfect storm that resulted in a record year for the housing and mortgage industries. Spoiler – this will not be the last time rates break their own record.

Mortgages 545
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Guild Mortgage Review for 2020

The Mortgage Report

Guild Mortgage Review showing how the company compares to other top lenders for mortgage rates, customer service, and loan options.

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Guild Mortgage Review for 2020

The Mortgage Report

Guild Mortgage Review showing how the company compares to other top lenders for mortgage rates, customer service, and loan options.

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Home Appraisal Tips for Buyers, Sellers, and Homeowners: Be Prepared for Anything

HomeLight

When associated with a mortgage , an appraisal is a risk-prevention step for the lender that ensures the house is worth more than the amount of money that the buyer wants to borrow. For buyers, an appraisal is a requirement for most mortgages, both government-backed and conventional. Here are seven tips to get you through the process.

Loans 105