Housing Wire

NOVEMBER 4, 2024

The third party origination (TPO) division of Rocket Mortgage on Monday announced the rollout of its latest product, 24 Takeoff, which allows mortgage broker partners to receive a 24 basis point credit on all eligible loans until Nov. 29, which gave borrowers a 75-basis-point rate cut on various refinancing options.

FHA loan

Housing Wire

JULY 23, 2025

Borrowers had an average FICO score of 737 and an average loan-to-value ratio of 51% in Q2 2025. Chief financial officer Kurt Johnson noted the company is closely monitoring the Ginnie Mae segment, particularly Federal Housing Administration ( FHA ) loans, which comprise 15% of the portfolio.

FHA loan

Housing Wire

FEBRUARY 13, 2025

ACES releases a quarterly report that uses post-closing quality control data that’s derived from the company’s benchmarking system. Loan applicants also struggled as rising premiums made it difficult for them to qualify for mortgages due to higher debt-to-income ratios.

Debt-to-income ratio

Housing Wire

MAY 1, 2025

Dombrowski says his team has closed several successful off-market deals that satisfied both parties. Letting deals happen behind closed doors is the opposite of fair play. “They closed within 30 days, and the seller never reached Chicago. But what about the average family using an FHA loan?

Agents

Housing Wire

MAY 15, 2025

Post-closing quality control data is collected through ACES quality management and control software and offers a snapshot of mortgage industry underwriting trends. Legal/regulatory/compliance emerged as the leading defect category in Q4, followed closely by assets and income/employment. from the third quarter to reach 1.16%.

VA loan

Housing Wire

FEBRUARY 6, 2025

Multistate mortgage lender Click n’ Close on Thursday announced that it’s adding a 30-year, fixed-rate conventional loan option to its SmartBuy Shared Appreciation Mortgage (SAM) program. SAM loans grant the lender a share of the home’s future appreciation in exchange for a lower interest rate. to 5% down.

Loans

Housing Wire

JULY 11, 2025

Build a professional referral network Partnering up with agents and brokerages is a no-brainer for mortgage professionals, as you both need to work in tandem to get a deal closed. All of these professions come into contact with individuals who are buying homes and could need a loan.

Mortgages

Redfin

FEBRUARY 18, 2025

Can you roll closing costs into your mortgage? Basically, folding your closing costs into your loan means you’ll need less cash upfront at closing. However, the trade-off is higher monthly payments and more interest paid over the life of the loan. What are closing costs?

Closing costs

Housing Wire

JANUARY 9, 2025

The column is likely referencing the Home Equity Conversion Mortgage ( HECM ) program insured by the Federal Housing Administration (FHA). Loan proceeds are dependent on the amount of equity in the home and current interest rates, the column noted, and there are multiple disbursement options available, the column noted.

FHA loan

Redfin

JANUARY 28, 2025

If you’re exploring mortgage options or looking to sell your home, whether its a charming home in Nashville or a spacious townhome in Houston , you might wonder: Are FHA loans assumable? Here’s how FHA assumable mortgages work and why they might be worth considering. Are FHA loans assumable?

FHA loan

The Close

JULY 1, 2025

However, some will struggle with getting approved for a loan, which is something that could result in the transaction falling through for you as a real estate agent. That’s where FHA loans can save the day for everyone. This makes it possible for buyers who might not qualify for traditional loans to still secure financing.

FHA loan

Calculated Risk Real Estate

MAY 5, 2025

At the same time, Gen Z buyers made substantial gains in more affordable states, while FHA loans regained popularity as a critical tool for affordability-minded homebuyers. California is close behind, with Gen Z comprising 8% of purchase and 13% of FTHB loans.

FHA loan

The Mortgage Report

JUNE 24, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

Equity

Redfin

JULY 18, 2025

Although it’s possible for a short sale to close in as little as a few weeks, it’s important to be realistic about the timeline. The lender will want to make sure the home sells for a price that’s close to market value, as they are usually losing money on the transaction. However, they can often qualify for an FHA loan.

Short sale

The Mortgage Report

JULY 4, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Home equity loans are also competitively priced.

Equity

Housing Wire

JULY 7, 2025

Currently, FHA policies do not include this type of debt. That’s because closed-end debts are not required to be included in underwriting if they will be paid off within 10 months of the mortgage closing date. They are also excluded if the monthly obligation is less than or equal to 5% of the borrower’s gross monthly income.

Lending

The Mortgage Report

JUNE 9, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

FHA 203k rehab loan

The Mortgage Report

JULY 9, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

Equity

AAOA

APRIL 14, 2025

Conventional loans often require 20-25% down for apartment buildings. Government-backed loans might have lower requirements. FHA loans, for instance, may allow as little as 3.5-10% Each loan type has pros and cons. These loans also have more relaxed credit score requirements.

FHA loan

The Mortgage Report

JULY 1, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Meanwhile, FHA loans comprised 15.3%

Loans

The Mortgage Report

JUNE 10, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

FHA 203k rehab loan

The Mortgage Report

JUNE 9, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? Check your home buying options.

FHA 203k rehab loan

The Close

NOVEMBER 25, 2024

When looking into your finances, consider the following factors: Closing costs: These are generally 2% to 5% of the property’s sales price and include lender fees, title insurance, property insurance, and property taxes. The higher the home’s sale price, the higher your closing costs. Let us know in the comments!

Purchase and sale agreement

Marco Santarelli

DECEMBER 21, 2024

FHA and VA Loans For low-income or first-time homebuyers, FHA loans provide essential options. These loans are insured by the Federal Housing Administration and require lower credit scores and down payments. Current Rate for 30-Year FHA : 5.58% Pros : More accessible for first-time buyers.

Mortgages

The Mortgage Report

JULY 28, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Once your mortgage loan is done, escrow accounts usually close.

FHA 203k rehab loan

Redfin

JULY 24, 2025

According to Redfin Real Estate, the minimum down payment for first-time homebuyers varies depending on the type of loan. Many loans offer down payments as low as 3% or even 0%. Here’s a quick breakdown: FHA loans, for example, typically require 3.5% VA and USDA loans may offer 0% down for eligible borrowers.

FHA loan

The Mortgage Report

JULY 24, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? Authored By: Erik J.

FHA 203k rehab loan

Marco Santarelli

MARCH 4, 2025

VA Loans: For eligible veterans, VA loans offer great benefits, including no down payment and often lower interest rates. FHA Loans: FHA loans are insured by the Federal Housing Administration and are designed for borrowers with lower credit scores or smaller down payments. ARMs can be risky.

Mortgages

Redfin

JUNE 27, 2025

Don’t skip critical steps like the home inspection or negotiating closing costs. Take note of closing costs, loan terms, and any additional fees. Overlooking your credit score Your credit score plays a major role in whether you’ll qualify for a mortgage loan and the interest rate you’ll secure.

Pre-approval

The Mortgage Report

JULY 11, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

FHA 203k rehab loan

Redfin

JULY 23, 2025

FHA loan (government-backed option): Minimum 3.5% FHA loans are fantastic if you have a lower credit score or fewer savings. The trade-off is you’ll pay FHA Mortgage Insurance Premium (MIP), which is usually for the life of the loan in most cases. FHA loans – as low as 3.5%

FHA loan

Redfin

JULY 30, 2025

Which loan is right for you? Conventional loans: You have a credit score of 620+, stable income, and can put at least 3% down. FHA loans: You have a credit score of 580+ (or 500+ with 10% down) and a higher DTI ratio. VA loans: You’re an eligible veteran, active-duty service member, or surviving spouse.

Loans

Marco Santarelli

DECEMBER 22, 2024

Government Loans (FHA/VA) : These loans typically cater to those who might not qualify for conventional mortgages. FHA loans have low minimum requirements for credit and down payments, making them accessible. VA loans are available to veterans and active military members with favorable terms and conditions.

Mortgages

Redfin

JUNE 13, 2025

Consider financial tools like bridge loans or home equity loans for your new home’s down payment before your current one sells. Communicate closely with your real estate agent to align timelines and contingencies. If your finances have improved, you might even qualify for a larger loan or better terms.

Debt-to-income ratio

The Mortgage Report

JULY 14, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

FHA 203k rehab loan

Marco Santarelli

APRIL 30, 2025

Homeowners also need to factor in refinancing costs, like closing costs and how long they plan to stay in their homes. FHA and VA Loan Rates For FHA loans , which are particularly attractive to first-time homebuyers, average rates are just below 6% , making them competitive. FHA loans require only a 3.5%

VA loan

The Mortgage Report

JULY 8, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? After closing, you receive a one-time lump sum of cash.

Equity