Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

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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.

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Housing Wire

NOVEMBER 20, 2023

The lender also brought over 45 former retail branches from Finance of America Companies Inc. Founded in 1996, APM offers a range of products, including conventional, jumbo, FHA, VA, USDA loans and reverse mortgages as well as renovation and construction loans. FoA) months after it shut down its forward mortgage segment.

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HomeLight

NOVEMBER 6, 2023

Assuming a mortgage allows you to step into the shoes of the seller and take over their loan, often at a lower interest rate. An assumable mortgage allows a buyer to purchase a home by taking over the seller’s existing mortgage loan. Which mortgage loans are assumable? VA funding fee.

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Housing Wire

NOVEMBER 10, 2023

Redfin classified purchases as all-cash when transactions had no mortgage loan information on the deed. FHA loan usage increases in September As sellers field fewer offers, buyers with FHA loans may have greater luck to close on a home. In September, government-insured FHA loans represented a little over 15% of U.S.

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HomeLight

NOVEMBER 20, 2023

As a buyer, you will not only be looking for the right home at the right price, but you’ll also be on an expedition to discover if the seller’s loan is assumable. Because of these golden benefits, assumable loans are in demand. As one New York Times headline proclaimed, “ The Hottest Thing in Real Estate Is a Loan From Two Years Ago.”

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Housing Wire

NOVEMBER 20, 2023

The Department of Veterans Affairs (VA) is pausing foreclosures on homes financed with VA loans for six months to help military borrowers in danger of losing their homes, a department spokesperson said in a statement to HousingWire on Monday. Last week, a group of Democrat U.S.

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