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. Get Started What is a VA assumable loan?

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Real Trends

DECEMBER 14, 2022

A Marine’s best weapon may be their rifle, but a real estate agent ’s best weapon is knowledge. . Vetted VA’s Chris Griffith says, ‘tap, rack, bang,’ is a statement all Marines know by heart. For many homebuyers and housing industry professionals, there are lots of myths and misunderstandings about the VA loan and lending process.

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Housing Wire

DECEMBER 21, 2023

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. REALITY: There is no limit.

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Housing Wire

MARCH 27, 2024

Earlier this month, the NAR announced the settlement of various lawsuits filed by home sellers, which allege that the real estate industry colluded to keep agent commissions artificially high at 5% to 6% of a home’s sale price. VA loans are probably the best loans on the market.

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The American Genius for Real Estate

JULY 10, 2022

An anti-trust lawsuit is scheduled for trial in 2023 that could impact how real estate agents receive compensation, affecting FHA & VA loans. The post Real estate agents brace for the potential demise of FHA & VA loans appeared first on The American Genius Real Estate.

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Housing Wire

SEPTEMBER 15, 2023

Listen to all of these really great mortgage programs (most agents and buyers don’t know about these!) This service record may qualify for a Veteran Affairs (VA) loan. VA loans are not well understood by many Realtors. VA loans have no down payment requirement. Add the links to your website.

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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.

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Housing Wire

OCTOBER 19, 2023

Create a Facebook live session or a video about VA loans and how they work. Use the slogan: ‘Don’t get wrapped up with the wrong real estate agent’ on the card and attach it to a simple roll of wrapping paper. Participate in existing parades, and give out candy, water bottles or American flags. Organize a gift wrapping party.

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Housing Wire

NOVEMBER 7, 2023

Unfortunately, too many veterans, as well as too many real estate professionals, don’t have the understanding they need to successfully utilize VA loans. Throughout his career, Smith had the opportunity to train over 228,000 real estate agents and consumers on the benefits of VA mortgage products.

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Lending VA loan Loans Mortgages 304

Housing Wire

MARCH 5, 2024

trillion in FHA and VA loans. Roam acts as a facilitator, synchronizing all stakeholders involved in the assumption process, including real estate, title and escrow agents, attorneys, and the buyer and seller themselves. How do you help real estate agents? Included in that total were nearly $1.5

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Housing Wire

MARCH 28, 2024

At the moment, IPCs “include concessions from the seller to the buyer for items that are traditionally paid by the buyer such as loan closing costs or rate buy-downs,” but as buyer agents are customarily paid by the listing agent, their fees are excluded from caps on the IPCs. Sellers or buyers can pay the buyer’s agent’s fees.

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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.

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Housing Wire

MARCH 22, 2023

Most offers on homes written by Redfin agents in January were not part of bidding wars , which differs significantly from 2021 and early 2022. The less competitive market has also resulted in more buyers using FHA and VA loans. In January, 16% of mortgaged home sales used an FHA loan , up from 13.3% a year prior.

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Housing Wire

MARCH 21, 2022

It also does not preclude a real estate broker or agent and a lender from collaborating on marketing activities. The loan is not insured when assumed, and the mortgage lender possesses no authority to accept future parties for the assumption. Lyle Solomon is the principal attorney with Oak View Law Group in California.

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Housing Wire

FEBRUARY 6, 2024

The fees are typically lower than those of new loans and no appraisal is needed. Hampered by numerous hurdles To begin with, assumptions are limited to FHA and VA loans, with rare allowances for U.S. Fannie Mae and Freddie Mac loans, which represent nearly two-thirds of the mortgage market, cannot be assumed.

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Mortgages VA loan Loans Closing 391

Housing Wire

NOVEMBER 16, 2020

Top five questions to ask a potential real estate agent. The one caveat with FHA loans is that they require a Mortgage Insurance Premium both at closing and as part of your monthly payment. VA loans are mortgage loans that are guaranteed by the Department of Veterans Affairs. More for Real Estate Enthusiasts.

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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.

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Housing Wire

OCTOBER 6, 2023

The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans. And we are trying to help them navigate it because the market has overcapacity for both Realtors and loan officers right now,” Boyd said. “It’s hard for brokers to win deals now.

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Mortgages VA loan Finance Loans 464

Keeping Current Matters

JULY 29, 2021

Below, we can see just how small of a share of total financing VA loans made up in June of 2021, according to that Ellie Mae report: The drop in VA loan usage can be attributed to the difficulties veterans continue to face when buying a home. They are on the bottom of the hierarchy.” Bottom Line.

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VA loan Loans Finance Mortgages 218

Housing Wire

MARCH 28, 2024

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). Better has been launching digital products with its proprietary technology, including digital VA loans and a one-day mortgage product.

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Loan Officer VA loan Loans Technology 395

Real Trends

SEPTEMBER 15, 2023

Listen to all of these really great mortgage programs (most agents and buyers don’t know about these!) This service record may qualify for a Veteran Affairs (VA) loan. VA loans are not well understood by many Realtors. VA loans have no down payment requirement. Add the links to your website.

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VA loan Loans Mortgages Closing costs 82

HomeLight

DECEMBER 8, 2023

Partner With a Top Listing Agent Familiar with Assumable Mortgages Whether it’s to speed up your home sale or transfer your property to a family member, HomeLight can connect you with a top-performing local real estate agent who understands the ins and outs of assumable mortgages. Find Agent What is an assumable mortgage?

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HomeLight

DECEMBER 12, 2023

Partner With a Top Agent Familiar With Assumable Mortgages An experienced agent can help minimize challenges and coordinate a home sale between family members. HomeLight can connect you to a top agent with experience in family real estate transactions. Get Started What does it mean to assume a mortgage? “If

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VA loan Mortgages Purchase and sale agreement FHA loan 104

Real Trends

NOVEMBER 11, 2022

Real estate professionals should make their customers aware of extra fees associated with USDA loans including an upfront fee of 1% of the loan amount and an annual fee. VA loans provide flexible, low-interest mortgages for active military members and veterans. appeared first on RealTrends.

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Housing Wire

FEBRUARY 28, 2024

San Diego produced about 42% fewer conforming mortgage loans (loans that meet federal purchase qualifications ) and about 31% fewer jumbo (nonconforming) loans for home purchases in 2023 than in 2019.

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Marketing VA loan Days on market Loans 416

HomeLight

DECEMBER 12, 2023

In this guide, we’ll review what it means to transfer a mortgage, helping you make informed decisions about your home loan or home sale. Determining whether your mortgage is transferable largely depends on the type of loan you have. However, the process involves specific VA requirements and approvals.

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Housing Wire

DECEMBER 14, 2020

Then, once a buyer wants to make an offer, they are connected with an Opendoor agent to represent them. Opendoor added that it has also launched a refinancing product and have incorporated FHA and VA loans into its offerings. Opendoor can also conduct a virtual tour in any home. The blog post ended with “More to come!”

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VA loan Finance Loans Technology 377

Housing Wire

DECEMBER 16, 2022

Potential buyers who may have had an FHA or VA loan were left behind as about one-quarter of the market was paying all cash for homes. Four-fifths of buyers’ agents say it is easier to visualize the buyer in the future property. At the height of the spring market, the typical home had 5.5

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Housing Wire

FEBRUARY 7, 2023

The mortgage company is also educating agents in its real estate division, Vylla Home , about the details of the program so that they can work with prospective buyers and sellers. Currently, piggyback loans have more stringent credit requirements. And as a result, few mortgage loan officers have experience or comfort with the product.

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FHA loan Mortgages Loan Officer VA loan 376

Housing Wire

MAY 26, 2021

How to defend your team against the top three threats to loan quality. Lenders today need a way to validate the closing agents, ensure the legitimacy of the wire transfer information and confidently fund loans with exacting precision. Here’s how to do just that: Presented by: DataVerify.

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Housing Wire

JANUARY 26, 2024

He also said that the idea that agents and MLSs are colluding is “ridiculous.” Ketchmark told webinar viewers that when he and his wife went to buy their first home, they sat with their agent and looked at for-sale properties in a phonebook-style MLS listing book. If they want to hire just a regular agent, they are free to do that.

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Housing Wire

JANUARY 17, 2023

That’s one reason why Prosperity’s focus is expanding by helping their partner real estate agents close more deals rather than prioritizing branch expansions. The Virginia-based mortgage bank sponsors 679 loan originators and has 492 branches, according to the NMLS.

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Realtor.com

NOVEMBER 10, 2022

If you have, say, a roof that’s over 15 years old, it will have to be replaced pretty soon,” says Brenden Rendo , a real estate agent at NextHome Neighborhood Realty in Winter Springs, FL. ” Market your assumable VA loan. VA loans are backed by the U.S.

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Realty Biz

SEPTEMBER 23, 2023

Are you wondering what to ask a buyer's agent before hiring them? Buyer agents play a crucial role in real estate transactions. Understanding the difference between buyer and seller's agents and how buyer's agents are compensated is essential. A few types of real estate agents are vital to understand.

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HomeLight

APRIL 30, 2024

We’ll also break down the concept of mortgage assumption, clarify what loan types might qualify, and provide tips about this growing homeownership trend. Partner With a Top Agent Familiar With Assumable Mortgages An experienced agent can help minimize challenges and coordinate a home sale between family members.

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Purchase and sale agreement Mortgages VA loan Loans 96

HomeLight

NOVEMBER 6, 2023

Partner with a top agent familiar with assumable mortgage listings HomeLight can connect you with a top real estate agent familiar with assumable mortgage listings in your market. An assumable mortgage allows a buyer to purchase a home by taking over the seller’s existing mortgage loan. VA funding fee.

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FHA loan VA loan Mortgages Marketing 101

HomeLight

DECEMBER 28, 2023

In this post, we will walk you through everything you need to know about transferring or “assuming” a home loan. Partner With a Top Agent Familiar With Assumable Mortgage Listings HomeLight can connect you with a top-performing real estate agent who understands the ins and outs of assumable mortgage listings in your market.

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