Housing Wire

JANUARY 30, 2024

A growing number of nonbank mortgage lenders have recently rolled out down payment assistance (DPA) programs to increase their origination share in a challenging mortgage environment. Most recently, loanDepot rolled out a new DPA program for Federal Housing Administration borrowers that enables them to put no money down upfront.

Closing costs 511

Closing costs Mortgages Investor Loans 511

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. The entire system has to be designed to inflate the price over time. This is what we do in America.

Loans 544

Loans Banks Bankruptcy Equity 544

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. VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. points from the 7.5%

VA loan 458

VA loan Agents Seller concession FHA loan 458

Housing Wire

JULY 19, 2024

Homebuyers who decide to utilize the program will work with a Howard Hanna buyer agent and get their mortgage through Howard Hanna Mortgage Services. Once the transaction is successfully closed by the Howard Hanna agent and mortgage team, the buyer will receive a credit of 0.5%

Closing costs 430

Closing costs Brokerage Loans Mortgages 430

Housing Wire

JULY 12, 2023

United Wholesale Mortgage (UWM) on Wednesday announced two new home-affordability mortgage products designed to help underserved borrowers become homeowners.

Closing costs 370

Closing costs Finance Lending Development 370

Housing Wire

JULY 26, 2023

United Wholesale Mortgage (UWM), the country’s largest wholesale lender, expanded its debt service coverage ratio (DSCR) loan options to four after launching its first product in March. Early this month, UWM announced home-affordability mortgage products designed to help underserved borrowers become homeowners.

Investor 370

Investor Closing costs Loans Banks 370

Housing Wire

AUGUST 30, 2024

As a salve, a vocal minority of activists say that “simply” allowing the financing of buyer-agent commissions into mortgages will resolve all concerns. For reasons both practical and legal, buyer-agent commissions are not today explicitly financeable with a mortgage. This claim is misguided, oversimplifying a more complicated reality.

Finance 420

Finance Agents FHA loan Loans 420

Housing Wire

NOVEMBER 9, 2023

Fannie Mae and Freddie Mac jointly announced this week that they have entered a new critical edit phase for their Uniform Closing Dataset (UCD) as of Nov. The transition is designed to enhance data quality and consistency for single-family loans the GSEs purchase.”

Loans 409

Loans Closing costs Mortgages Technology 409

Marco Santarelli

JANUARY 1, 2025

Mortgage rates are a hot topic for anyone looking to buy a home or refinance an existing mortgage. As of January 01, 2025, the average mortgage rate for a 30-year fixed loan is 7.01%. This rate is a significant factor that affects how much homebuyers will pay each month and the total cost of the loan over the long term.

Mortgages 97

Mortgages Loans Fixed-rate mortgage Closing costs 97

Housing Wire

FEBRUARY 23, 2023

LenderLogix, a provider of mortgage automation software and application programming interfaces (APIs), has launched LiteSpeed, a white-label streamlined point-of-sale (POS) system that serves small- to mid-sized mortgage lenders. Its other products include QuickQual , which is used by lenders in 42 states.

Pre-approval 360

Pre-approval Loans Closing costs Branding 360

Housing Wire

JANUARY 17, 2024

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. They own the home with their name on the title, as with any mortgage, traditional or reverse. They own the home with their name on the title, as with any mortgage, traditional or reverse.

Finance 458

Finance Seller concession Loan Officer Loans 458

Marco Santarelli

MARCH 4, 2025

Today's mortgage rates on March 4, 2025, show a slight decrease, particularly in the 30-year fixed mortgage rate, which sits at an average of 6.26%. However, mortgage rates have dropped nearly 30 basis points from their February average and plunged last week amid market fears of an economic slowdown. mortgage rates.

Mortgages 119

Mortgages Debt-to-income ratio VA loan FHA loan 119

Housing Wire

JULY 28, 2022

United Wholesale Mortgage (UWM) rolled out a new adjustable-rate mortgage (ARM) product for jumbo loans in an effort to provide brokers more options in a highly competitive mortgage origination market. discount point, and all closing costs paid for by them.” I just bought a home at 3.375%, 0.5%

Loans 384

Loans Mortgages Closing costs Design 384

Housing Wire

APRIL 9, 2024

With the Federal Reserve gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers.

FHA loan 450

FHA loan Loans Title Banks 450

Housing Wire

JULY 14, 2023

These discriminatory practices negatively affect credit scores, mortgage access, and the general financial security of BIPOC households, such that obtaining homeownership has been, and continues to be, a significant and unacceptable hurdle.” In May, Wash. Sponsors say it’s the first statewide bill of its kind.

Closing costs 370

Closing costs Land Design Banks 370

Housing Wire

NOVEMBER 21, 2022

The COVID-19 pandemic brought interest rates to record lows and spurred a $4 trillion purchase and refinance mortgage boom in 2021. trillion in mortgage origination volume in 2022. The solution is designed to scale the production of single-family entry-level homes for sale in the Convergence pilot cities of Memphis, Tenn.,

Finance 384

Finance Design Equity Construction 384

Housing Wire

JUNE 12, 2024

The program was designed to help military service members successfully transition to civilian status by becoming homeowners and building the wealth they missed out on during the war. It found the loan program has withstood various market changes, accounting for as much as 11% of new home mortgages in the postwar building boom.

VA loan 425

VA loan Loans As-is Mortgages 425

Housing Wire

MAY 14, 2024

With the Fed gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. CHLA commends FHA for its work on its “Mythbusters” initiative, designed to blow up the myths around FHA loans by educating lenders and home sellers. Such opportunities may arise.

FHA loan 388

FHA loan Loans Title Banks 388

Housing Wire

NOVEMBER 30, 2023

Down payment assistance programs (DPAs) are initiatives designed to help first-time homebuyers bridge the gap between their savings and the down payment required to purchase a home. DPAs can take various forms, such as grants, loans or second mortgages, and they are typically tailored to meet the specific needs of the target demographic.

FHA loan 420

FHA loan Loans Equity Mortgages 420

Housing Wire

FEBRUARY 14, 2024

A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments. Buy before you sell’ (BBYS) products like The Trade-In Mortgage powered by Calque eliminate the stressors caused by financing contingencies.

Backup offer 420

Backup offer Loan Officer Home sale contingency Branding 420

Housing Wire

DECEMBER 12, 2024

Editor in Chief Sarah Wheeler sat down with Jeff Bell, president of both UpWell Mortgage and software company Uplist , to talk about how he thinks about technology, and the good news that the industry is turning a corner after two rough years. This interview has been edited for length and clarify. None of them are accurate.

Loan Officer 370

Loan Officer Loans Technology Industrial 370

Housing Wire

JULY 19, 2021

million homeowners still in active forbearance, servicers have an important responsibility to communicate with homeowners about their mortgage reinstatement options and to help them navigate eligibility requirements to determine the best path forward. Joe Cutrona: Today, with nearly 2.2.

MLS 421

MLS Equity Closing costs Sales 421

Norada Real Estate

JUNE 7, 2025

Thinking about your mortgage can feel like trying to predict the weather – a little bit science, a little bit guesswork. That's why the question of whether to refinance your mortgage in June 2025 or wait is such a big one for many homeowners. Should You Refinance Your Mortgage in June 2025 or Wait?

Mortgages 52

Mortgages Closing costs Fixed-rate mortgage Loans 52

Housing Wire

JUNE 13, 2022

In Q1 2022, there were 2,238 active homebuyer assistance programs nationwide — a figure that includes down payment and closing cost programs, Mortgage Credit Certificates and affordable first mortgages — with at least one program available in each of 3,143 U.S. counties.

Finance 370

Finance Loans Closing Closing costs 370

Marco Santarelli

DECEMBER 29, 2024

As of December 29, 2024 , the landscape of mortgage rates is crucial for anyone looking to buy or refinance a home. Todays mortgage rates reflect significant adjustments, with the average 30-year fixed mortgage interest rate sitting at 6.99%. Therefore, being informed about the latest mortgage rates is essential.

Mortgages 52

Mortgages Fixed-rate mortgage Loans Closing costs 52

Marco Santarelli

DECEMBER 21, 2024

If you're asking yourself “Should I refinance my mortgage now or wait for 2025?”, Mortgage rates are showing some instability right now, but major reductions are unlikely anytime soon. Should I Refinance My Mortgage Now or Wait Until 2025? But trust me, theres a lot to unpack here. We all want to save money, right?

Debt-to-income ratio 52

Debt-to-income ratio Mortgages Loans Equity 52

Marco Santarelli

DECEMBER 31, 2024

As of December 31, 2024, mortgage rates have displayed a noteworthy decrease across various terms, bringing both hope and opportunity to prospective homebuyers and those considering refinancing their existing mortgages. Mortgage Refinance Rates Mortgage Type Interest Rate Change 30-Year Fixed 6.67% -0.05 5/1 VA 6.27% -0.03

Mortgages 52

Mortgages Fixed-rate mortgage VA loan Finance 52

Redfin

AUGUST 19, 2024

But before you dive too deep into furniture shopping, picking out new colors for your bathroom, or re-designing your backyard, be sure to budget for closing costs. Closing costs are the fees and expenses associated with finalizing a real estate transaction and transferring ownership of a property from the seller to the buyer.

Closing costs 71

Closing costs Closing Title Inspection 71

Redfin

AUGUST 5, 2024

But before you dive too deep into furniture shopping, picking out new colors for your bathroom, or re-designing your backyard, you’ll want to budget for closing costs. How much are closing costs in South Carolina? Closing costs in South Carolina typically range from 2%-5% of the home’s purchase price.

Closing costs 72

Closing costs Closing Title Inspection 72

Marco Santarelli

DECEMBER 22, 2024

Mortgage refinance rates hold significant importance for homeowners who aim to lower their monthly payments or leverage their home equity for new financial opportunities. Understanding mortgage refinance rates is not just a matter of numbers; it is about aligning your financial goals with the best available options.

Mortgages 52

Mortgages Fixed-rate mortgage Equity Loans 52

Redfin

AUGUST 16, 2024

But before you dive too deep into furniture shopping, picking out new colors for your bathroom, or re-designing your backyard, you’ll want to budget for closing costs. How much are closing costs in Massachusetts? Before securing the keys to your new home, homebuyers will need to pay for closing costs.

Closing costs 69

Closing costs Closing Title Inspection 69

Marco Santarelli

JANUARY 25, 2025

Are you feeling the pinch of your current mortgage payments? As of January 25, 2025, mortgage refinance rates are showing some interesting trends that could potentially benefit you. Mortgage Refinance Rates January 25, 2025: Is Now The Right Time To Refinance? Divide the closing costs by the monthly savings.

Mortgages 69

Mortgages VA loan Fixed-rate mortgage Equity 69

Redfin

JULY 11, 2024

But before you dive too deep into furniture shopping, picking out new paint colors for your living room, or re-designing your backyard, be sure to budget for closing costs. Closing costs are the taxes and fees associated with the purchase and sale of a home, such as title insurance and lender fees.

Closing costs 62

Closing costs Closing Title Inspection 62

Marco Santarelli

JUNE 11, 2025

Looking for the best deal on a mortgage? As of today, June 11, 2025, the states with the lowest 30-year new purchase mortgage rates are New York, Colorado, California, Virginia, Connecticut, and New Jersey , closely followed by Florida and Texas. Average Loan Size: The size of the average mortgage loan can also play a role.

Mortgages 52

Mortgages Debt-to-income ratio Principal Loans 52

Realty Biz

FEBRUARY 19, 2023

First Centennial Mortgage is listed as a 2022 Top IHDA Mortgage Lender by the Illinois Housing Development Authority. We are honored to serve the residents of Illinois and receive this award from IHDA,” said Steven McCormick, President of First Centennial Mortgage. “We For more information, visit goFCM.com.

Mortgages 98

Mortgages Closing costs Residential Development 98

Housing Wire

OCTOBER 20, 2023

Design a photo with the testimonial included, then use the caption to express gratitude for the review. Share design inspiration In addition to cool homes, people on social media really enjoy beautiful interior design. Client testimonials Sharing glowing sentiment from past clients can go a long way to securing future clients.

Agents 409

Agents Renovation Lending Staging 409

HomeLight

JANUARY 30, 2024

As a homeowner facing life changes or new opportunities, you may be considering the benefits of refinancing your mortgage loan. While many borrowers have placed plans on hold due to higher interest rates, there may be reasons a mortgage refinance is in your future. Or maybe you just want to shorten your loan term.

Mortgages 115

Mortgages Closing costs Equity VA loan 115