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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VA loan Agents Seller concession FHA loan 450

Housing Wire

SEPTEMBER 15, 2023

In all cases, close the video, article or session with a call to action: For more information about these and other special programs, call or text today at: enter your phone number. Let’s take a look at some available programs to help our special first responders. This service record may qualify for a Veteran Affairs (VA) loan.

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VA loan Loans Mortgages Closing costs 414

Housing Wire

NOVEMBER 10, 2023

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. Meanwhile, military VA loans represented 6.3% in April 2023. a year earlier.

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FHA loan VA loan Mortgages Loans 433

Housing Wire

MAY 10, 2024

A prospective buyer would still need to come up with $120,000 to close the gap. As we continue to expand to new markets, Roam Boost and our partnership with Spring EQ is a key part of bringing that mission to a broader base of potential buyers.” Roam now services 35% of homes with FHA and VA loans in the U.S.,

Mortgages 414

Mortgages VA loan Loans Lending 414

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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VA loan Inspection Loans Land 94

Housing Wire

FEBRUARY 6, 2024

Assumable mortgages remain a niche market compared to new mortgage issuance. Department of Veteran Affairs (VA) handled about 6,400 assumptions, more than double the amount in 2022, according to a report in The Wall Street Journal. But these transactions have grown recently.

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Mortgages VA loan Loans Closing 449

Housing Wire

OCTOBER 12, 2023

Mortgage-rate-lock volume fell 20% in September, led by a combination of seasonal decline in purchase activity and rising interest rates, according to Optimal Blue ’s Originations Market Monitor report. FHA and VA loan production both gained in activity share to 20.6% and 10.4%, respectively. of the total.

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VA loan Mortgages FHA loan Loans 436

Housing Wire

JANUARY 3, 2024

The 30-year fixed mortgage rate closed 2023 at 6.76%, more than one percentage point lower than its October peak of 7.9%, according to Joel Kan, MBA’s vice president and deputy chief economist. The share of Federal Housing Administration (FHA) loan activity decreased to 14.5% Mortgage applications decreased 9.4% compared to 0.4%

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Mortgages VA loan FHA loan Loans 439

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. Even under “normal” market conditions, VA buyers struggle to successfully purchase a home using their benefit.

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VA loan Agents Pre-approval Debt-to-income ratio 393

Housing Wire

MARCH 22, 2023

Redfin attributed the drop in down payment amount and percentage to the slower housing market , lower home prices, and higher housing costs due to rising mortgage rates. The less competitive market has also resulted in more buyers using FHA and VA loans. Detroit saw the highest share of FHA loans at 29.5%

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VA loan FHA loan Loans Mortgages 404

Housing Wire

DECEMBER 22, 2021

17, with fewer borrowers looking for purchases in the lower end of the market, according to the Mortgage Bankers Association (MBA) survey published on Wednesday. The overall market composite index dipped 31.9% That marks the second-highest amount ever, indicating more activity in the higher end of the market. . in the period.

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Mortgages VA loan FHA loan Fixed-rate mortgage 393

Housing Wire

MAY 2, 2024

But according to him, the firm has invested in new construction, land, and condominiums in a challenging mortgage market. Potempa brought his team of 38 professionals — including processors, business development staff, support staff and about 15 loan officers — to E Mortgage on March 25. OneTrust has had some recent leadership changes.

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Loan Officer Mortgages VA loan Lending 414

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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VA loan Loans FHA loan Mortgages 65

Housing Wire

MARCH 28, 2024

They asked the federal officials to “provide guidance to market participants that will ensure these new arrangements will continue to be supported by” FHA and GSE underwriting standards. Department of Veteran Affairs (VA) on Wednesday, urging it to revise policies that prohibit veterans from paying buyer broker commissions.

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VA loan Closing costs MLS Loans 442

Housing Wire

NOVEMBER 9, 2023

housing market after 54 programs were added in the third quarter, according to Down Payment Resource (DPR), a homebuyer assistance program data and solutions firm. Program providers are working around the clock to ensure the programs they offer meet the needs of their markets.

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FHA loan VA loan Finance Loans 450

Housing Wire

MARCH 22, 2023

The program provides direct loans to Native American veterans and veterans who are married to Native American non-veterans to help with the purchase, construction or renovation of a home on trust land. The program is separate from the broader VA loan program that is available to all veterans.

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VA loan Mortgages Land Loans 393

Housing Wire

MAY 25, 2022

The decline, as measured by the Mortgage Bankers Association ’s (MBA’s) Market Composite Index, continued to be led by a drop in the refinance share of mortgage activity, which has been consistent for more than two months. . Higher mortgage rates also impacted purchase market conditions, according to the MBA. from 10.5% from 11.1%

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Fixed-rate mortgage Mortgages VA loan Loans 424

Housing Wire

MARCH 1, 2021

Will we have a buyer’s housing market in 2021? USDA loans. Though USDA loans are technically reserved for homes in “rural” areas, you’d be surprised at how much of America actually qualifies for these mortgages. Streamline refinances (if you have an FHA or VA loan). 5 reasons to refinance your mortgage right now.

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Mortgages VA loan Loans Loan Officer 424

Housing Wire

DECEMBER 8, 2021

Regarding the purchase market, Kan said mortgage applications fell after four consecutive increases, but activity is still close to the highest level since March, a positive sign. The overall market composite index dipped 27.3% VA loans comprised 10.7%, increasing seven basis points. Refinance apps fell 36.5%

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FHA loan Mortgages VA loan Fixed-rate mortgage 433

Housing Wire

FEBRUARY 16, 2023

For the past 15 years, mortgage delinquencies have tracked very closely with employment conditions, Marina Walsh, MBA’s vice president of industry analysis, noted. While recent indicators pointed to resilience in the job market, the MBA forecasts slower hiring and rising unemployment, with the interest rates hitting 5.2%

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Mortgages Equity VA loan FHA loan 414

Housing Wire

OCTOBER 19, 2023

Event marketing can be key to success in building relationships and meeting new potential buyers and sellers. February: Use Red Hot candies for a pop-by gift with the message, ‘It might be cold outside but the market is red hot!’ You can use these for door-knocking, lead follow-up, open house giveaways, and at the closing table.

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Agents VA loan Closing Loans 424

Housing Wire

JANUARY 19, 2022

from the previous week, largely due to a strong purchase market, according to the Mortgage Bankers Association (MBA) survey for the week ending Jan. Higher rates led to the “slowest pace of refinance activity in over two years,” mainly among FHA and VA loans, Kan said in a statement. Mortgage applications increased 2.3%

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Loans Mortgages VA loan Fixed-rate mortgage 393

Housing Wire

JANUARY 26, 2022

And they’re looking to capitalize on higher home prices and the market for jumbo mortgages. For qualifying buyers, loans can be distributed in amounts up to $3 million. Currently, the fintech’s product portfolio includes conventional 15- and- 30-year fixed rate loans but the lender does not offer FHA or VA loans.

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Mortgages VA loan Pre-approval Lending 370

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. CMS is going heavy on a rarely used mortgage product to solve this market problem. Because Fannie Mae and Freddie Mac loans – nearly two-thirds of the mortgage market – are not eligible to be assumed, it’s a niche product.

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FHA loan Mortgages Loan Officer VA loan 382

Housing Wire

MAY 4, 2022

The uptick, as measured by the Mortgage Bankers Association ‘s (MBA’s) Market Composite Index, was propelled primarily by purchase-application activity, as rates remain elevated, hovering in the low 5% range and a drag on refinance volume. The seasonally adjusted purchase index rose 4.1% from the prior period. percent, up from 4.89

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Fixed-rate mortgage Mortgages VA loan Loans 370

Keeping Current Matters

JULY 29, 2021

Some veterans are finding it difficult to obtain a home in today’s market. 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.

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VA loan Loans Finance Mortgages 218

CT Homes

APRIL 4, 2024

One of the pivotal moments in this journey is the closing process—the final lap in the race to your new home. But just how long does it take to close on a house , especially in a state as diverse as California? What Does Closing On A House Mean? Once an offer is made and accepted, the closing process formally begins.

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Closing Pre-approval Inspection VA loan 55

Housing Wire

JANUARY 17, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage saw mortgage origination volume plummet by 40% last year — at a time when mortgage rates had more than doubled, home prices remained elevated and the market suffered from a shortage of inventory. . billion in the past 12 months, down from $15.35

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Mortgages VA loan Loans Banks 393

Marco Santarelli

APRIL 20, 2024

This Mortgage Market Update explores rising rates, potential risks, & why the outlook might still be positive. The US housing market in March 2024 presented a complex picture. FHA Loans: Loans insured by the Federal Housing Administration (FHA) saw a more significant jump, with delinquency rates climbing from 9.5%

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Mortgages VA loan Marketing FHA loan 52

Housing Wire

MAY 23, 2022

A piece of legislation introduced in the Senate in mid-May could streamline the appraisal process for VA loans. Currently, all VA appraisals must be performed in-house. VA home loans have given millions of veterans and their families the opportunity to purchase a home.

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VA loan Loans Lending Finance 393

RIS Media

MAY 19, 2021

May vary widely between lenders and are not dependent on the cost of the loan. Items to Be Paid at Close of Escrow. – Prepaid interests, homeowners insurance, VA funding fee, up-front mortgage insurance premium (UFMIP), mortgage insurance. VA funding fees and UFMIP are typically wrapped into the full loan balance.

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Closing costs Closing VA loan Pre-approval 116

Realty Biz

FEBRUARY 24, 2024

While many veterans are familiar with traditional VA home loans, there are additional options that cater to specific needs – VA Jumbo Loans and VA Construction Loans. However, the real estate market in certain areas may demand loan amounts that surpass these limits.

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Loans Construction VA loan Finance 103

Keeping Current Matters

MARCH 22, 2021

According to data from the most recent Origination Insight Report by Ellie Mae , the average FICO® score on closed loans reached 753 in February. Department of Agriculture (USDA) loans: “In general, lenders require a minimum credit score of 640 for a USDA loan , though some may go as low as 580.”. Bottom Line.

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VA loan FHA loan Mortgages Lending 269

HomeLight

APRIL 14, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Georgia (GA)? Your closing costs may differ depending on your circumstances and the terms of your home purchase. When it comes to closing costs, the Peach State is one of the friendlier parts of the U.S. to purchase a home in.

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Closing costs Closing Title Loans 95

Real Trends

SEPTEMBER 15, 2023

In all cases, close the video, article or session with a call to action: For more information about these and other special programs, call or text today at: enter your phone number. This service record may qualify for a Veteran Affairs (VA) loan. VA loans are not well understood by many Realtors.

VA loan 82

VA loan Loans Mortgages Closing costs 82

HomeLight

APRIL 20, 2023

Editor’s note: This post will help answer the question: How much are closing costs in Pennsylvania (PA)? Your closing costs may differ depending on your circumstances and the terms of your home purchase. While some fees are only a few hundred dollars, the final closing costs can run into the thousands.

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Closing costs Closing Inspection Loans 83

HomeLight

APRIL 20, 2023

Editor’s note: This post will help answer the question: How much are closing costs in New Jersey (NJ)? Your closing costs may differ depending on your circumstances and the terms of your home purchase. But have you taken all possible closing costs into account? What are closing costs?

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Closing costs Closing Title search Inspection 82