McKissock

MAY 6, 2022

New construction is treated a little differently by lenders, FHA, and the GSEs. When appraising new construction homes, you must take into consideration certain features and attributes that don’t necessarily apply to re-sales. It requires more work, so you want to be sure that you are charging for your effort.

New Construction 86

New Construction Construction FHA loan Land 86

Housing Wire

MAY 13, 2021

By loan type, conventional loans backed by Fannie Mae and Freddie Mac took the lion’s share at 72.9% of loan applications, followed by just 15.8% of FHA loans, 10.3% from VA and 1% leftover for RHS/USDA loans. The MBA’s mortgage credit availability index increased in April to 128.1

Sales 447

Sales FHA loan Loans Construction 447

Realtor.com

JANUARY 11, 2023

Getty Images Many first-time homebuyers might presume they’re better off going used rather than new—in other words, purchasing a pre-existing property rather than pricey new construction. Unless you want to be waiting a long time to buy your first home, you should consider new-construction homes. Getty Images.

New Construction 110

New Construction Construction VA loan Finance 110

Housing Wire

DECEMBER 12, 2023

While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the use of mortgage rate buydowns , a tool more widely used by builders since their business is selling homes and clearing inventory.

Debt-to-income ratio 393

Debt-to-income ratio Loans FHA loan Fixed-rate mortgage 393

Housing Wire

SEPTEMBER 29, 2020

In light of rampant uncertainty and economic hardship, homeowners are leaping at the opportunity to save thousands in annual payments , and the refi market is booming. They are specialists when it comes to buying and servicing government loans. And they have kept turn times well below market average. Tip #3: Start marketing now.

Lending 411

Lending Loan Officer Branding Loans 411

Housing Wire

OCTOBER 21, 2020

million annualized pace for new construction — the highest level since 2007. Same thing happened for those of you that were around in 2009, whereby we had very high delinquencies and our costs hadn’t quite caught up yet and as loans get more delinquent and are seriously delinquent, that’s when the real costs start to really come into play. “We

Mortgages 397

Mortgages FHA loan Fixed-rate mortgage Loans 397

Realty Biz

JULY 20, 2022

The Federal Housing Administration regulates and backs the FHA Loans program. These government-insured loans allow home buyers low down payments of just 3.5%. Their Section 502 Direct Loan Program generally has no down payment requirement to assist low and very low-income borrowers. Down Payment Assistance.

Loans 129

Loans FHA loan VA loan Equity 129

Realty Biz

JANUARY 4, 2024

They use their expertise and knowledge of market trends, property characteristics, and valuation techniques to assess the worth of real estate, jewelry, artwork, antiques, and other valuable items. Appraisers consider recent sales data of similar properties to determine a comparative market value. What is a Real Estate Appraiser?

FHA loan 100

FHA loan Construction Renovation Loans 100

Housing Wire

MARCH 17, 2021

New home applications are down as well, as builders are still suffering from missing construction crews and the skyrocketing price of lumber and building materials. The purchase market helped offset the slump in refinances,” Kan said. The FHA share of total mortgage applications increased to 11.7% from 11.6% from 11.1%

Fixed-rate mortgage 403

Fixed-rate mortgage Mortgages Loans Construction 403

Housing Wire

SEPTEMBER 14, 2023

Demand for newly constructed homes continues to remain high as existing for-sale inventory remains historically low. The FHA share of applications dipped slightly in August but remained high, noted Kan. It indicates that a larger share of first-time homebuyers are active in the new home sales market. of loan applications.

New Construction 360

New Construction Construction Mortgages VA loan 360

Realty Biz

OCTOBER 31, 2022

Rising costs of construction, insurance, rent, and mortgages. FHA loans that are preferred by low-income buyers and require PMI payments saw a slight increase. As did ARM loans, which is typical when interest rates are rising as it applies to existing home sales and home price growth. Real estate value in 2022.

Mortgages 96

Mortgages FHA loan Lending Loans 96

Housing Wire

JUNE 23, 2021

If the fed were to tighten policy, Fannie Mae’s ESR Group expects this to drag on upcoming housing market growth and even stifle home sales, house prices, construction and mortgage originations. With inventory tight, the slowdown in demand has yet to impact prices, meaning the summer will likely remain a strong seller’s market.”.

Fixed-rate mortgage 342

Fixed-rate mortgage Mortgages Loans Construction 342

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. It is crazy to think we are seeing these four things happen in the housing market considering that even in March of this year we were seeing bidding wars accelerate before mortgage rates rose.

Marketing 545

Marketing Bankruptcy Sales FHA loan 545

Realty Biz

SEPTEMBER 23, 2023

They provide services such as guiding buyers through the home buying process, offering expertise in the local market, and assisting with negotiation and closing. They assist in searching for suitable properties, arranging viewings, and providing expert advice on market conditions, pricing, and negotiation strategies.

Purchase and sale agreement 73

Purchase and sale agreement Pre-approval Agents Pre-qualification 73

CT Homes

FEBRUARY 23, 2021

Find off-market inventory in San Diego with LESS competition. CLICK HERE to submit your info and we’ll match you with any off-market properties we have coming up in the areas you’re looking! Many presale homes are houses that are still under construction. Avoid Open-Market Competition. There are (at least!)

FHA loan 52

FHA loan Renovation Hard money loan Inspection 52

Realty Biz

MARCH 30, 2023

There are fixed-rate mortgages, adjustable-rate mortgages, hybrid loans, reverse mortgages, and FHA loans that all come with varying interest rates. At the same time, inflation is driving up the cost of building materials and other construction costs. How Will Interest Rates Change in the Near Future?

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

CT Homes

FEBRUARY 23, 2021

Find off-market inventory in San Diego with LESS competition. CLICK HERE to submit your info and we’ll match you with any off-market properties we have coming up in the areas you’re looking! Many presale homes are houses that are still under construction. Avoid Open-Market Competition. There are (at least!)

FHA loan 52

FHA loan Renovation Hard money loan Inspection 52

CT Homes

FEBRUARY 23, 2021

Find off-market inventory in San Diego with LESS competition. CLICK HERE to submit your info and we’ll match you with any off-market properties we have coming up in the areas you’re looking! Many presale homes are houses that are still under construction. Avoid Open-Market Competition. There are (at least!)

FHA loan 52

FHA loan Renovation Hard money loan Inspection 52

Realty Biz

AUGUST 21, 2022

It has been a crazy seller’s market characterized by bidding wars with many homes selling over the asking price. It hasn’t been the kind of market that has been kind to those looking at housing for low income. There is the chance that things could be shifting a bit in some markets across the country.

VA loan 116

VA loan FHA loan Loans Land 116

Housing Wire

JANUARY 4, 2023

We specialize in marketing for purchases.”. In addition to offering borrowers FHA loans, conventional purchase mortgages and refis, the lender specializes in retail channel construction loans, according to the firm. “We . “Refis are the easier product of the industry,” Reich said. “We

Mortgages 475

Mortgages FHA loan Loan Officer Construction 475

HomeLight

AUGUST 20, 2021

After all the work of preparing, marketing, and showing your house, it’s finally under contract at top price. “The purpose of an appraisal is to determine the market value of a home at a specific point in time,” explains Brandy March, executive officer of the Iowa Real Estate Appraiser Examining Board.

FHA loan 104

FHA loan Inspection Pre-approval Loans 104

Housing Wire

DECEMBER 2, 2020

“FHA has seen consistent increases in loan limits during the past few years, putting it in a position to serve a segment of borrowers that may be better-served by the conventional market. FHA’s mission is to support low-to-moderate income borrowers, so why does the law permit FHA to insure mortgages up to $822,375?

Loans 531

Loans FHA loan Mortgages Construction 531

Housing Wire

MAY 19, 2022

Skyrocketing mortgage rates and a slowdown in new home constructions led to a drop in home purchases in April. With the supply of existing homes on the market still at extremely low levels, the new home market is an important source of housing supply. However, the pace of construction has slowed in recent months,” Kan added.

VA loan 423

VA loan FHA loan Construction Loans 423

Housing Wire

JULY 20, 2021

year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. “Last year was the strongest year in the housing market for new home sales in over a decade,” he said. With lumber prices recently pulling back, we expect some near-term strength in construction.

Marketing 493

Marketing VA loan FHA loan Loans 493

Windemere Buying

FEBRUARY 14, 2022

FHA and USDA mortgages are two common types of government-backed loans. Instead of having to make a 20% down payment on a conventional loan to avoid private mortgage insurance (PMI) , an FHA loan allows buyers to qualify for a mortgage with a down payment as little as 3.5%.

Loans 52

Loans Fixed-rate mortgage VA loan FHA loan 52

Housing Wire

NOVEMBER 16, 2021

Census data show an increasing share of new sales are for homes yet to be built or still under construction, and a shrinking share of completed homes,” Kan said. Housing demand remains strong, and buyers are making quick decisions in a still very competitive market.”. of loan applications. FHA loans composed 13.5%

Mortgages 476

Mortgages VA loan FHA loan Construction 476

Housing Wire

JANUARY 10, 2022

2021 was an extraordinary year for the housing market: mortgage rates at an all-time low, record high annual growth in single-family prices and rents, lowest foreclosure rates in a generation and the largest number of home sales in 15 years. In addition, more for-sale inventory will likely be available on the market.

Marketing 545

Marketing FHA loan Fixed-rate mortgage Loans 545

Redfin

FEBRUARY 4, 2022

These qualities are what sets them apart from new construction, such as a modern craftsman home or ranch style house. But, buyers beware, owning a historic home isn’t always as easy and breezy as maintaining a newly constructed one. Is it an example of a historic style or was constructed by a prominent architect? .

Construction 68

Construction Inspection Proof of funds Renovation 68

Housing Wire

JUNE 17, 2021

Lack of inventory and sweltering home prices have become a market norm for much of the industry, and May’s loan size data reported the trend has yet to abate. According to the BAS, the average loan size rose from $377,434 in April to $384,000 in May ? the fourth consecutive month of rising loan sizes and a new survey high.

Sales 493

Sales VA loan FHA loan Loans 493

Housing Wire

JANUARY 31, 2023

billion in loan production in 2022, saw potential to expand in local markets by scooping up LOs that could bring over their network of local clients. Reich’s division has a goal of closing $1 billion in loan origination volume this year at Go Mortgage. It also underwrites conventional loans and works as a marketing tool for LOs.

Loans 379

Loans Mortgages Loan Officer Pre-approval 379

HomeLight

APRIL 14, 2023

Here’s a general idea of what those costs amount to for each party: Buyers typically pay: 3%-4% of the loan amount Sellers typically pay: 5%-10% of the home’s price While the percentages above are typical, buyers and sellers can negotiate to determine who pays specific closing costs. If it’s a VA loan, it’s called the VA Funding Fee.

Closing costs 91

Closing costs Closing Title Loans 91

Housing Wire

SEPTEMBER 14, 2023

Black/African-American buyers who have not been approved for a loan are more likely than other racial or ethnic groups to have been denied due to low credit scores, at 32% versus 17% or less for the other racial and ethnic groups. First time buyers (54%) are more than twice as likely as repeat buyers (22%) to consider an FHA loan.

FHA loan 415

FHA loan VA loan Loans Finance 415

Housing Wire

JULY 20, 2023

Homebuilders constructed an annualized rate of 1.434 million houses in June, down 8% from May and 8.1% Single-family home constructions saw a 7% month-over-month decrease to rate of 935,000 in June. The average loan size decreased from $403,581 in May to $400,281 in June. Conventional loans accounted for 65.5%

Mortgages 359

Mortgages VA loan FHA loan Construction 359

HomeLight

DECEMBER 1, 2020

What sellers should know about the Waco real estate market. There’s no debating it: Waco’s real estate market is as hot as grease on a skillet. The school’s recently constructed McLane Stadium, built along the scenic Brazos River , attracts large crowds each year and has prompted the construction of new hotels, restaurants, and shops.

Staging 78

Staging Inspection FHA loan Agents 78

Housing Wire

JULY 19, 2022

New residential construction and permitting activity weakened from March through May, which reduced the number of homes available for home buyers, according to survey results. The average loan size dropped to $426,966 in June from May’s $430,855, MBA said. Conventional loans accounted for 73.7% of loan applications.

Mortgages 365

Mortgages VA loan FHA loan Loans 365

Housing Wire

JULY 26, 2021

Even with overall inventory issues plaguing the national housing market, availability of new homes hasn’t been as much of an issue due to the aforementioned high prices, noted Realtor.com Chief Economist Danielle Hale. By product type, conventional loans were 74.4% months,” Hale added. from May 2021 and down 40.4%

Sales 414

Sales VA loan FHA loan Loans 414

Housing Wire

OCTOBER 19, 2021

The new home sales estimate is derived using mortgage application information from the BAS, as well as assumptions regarding market coverage and other factors. When looking at loans by product type, conventional loans made up 75.1% of all loan applications, FHA loans represented 13.9%, VA loans composed 10.5%

VA loan 395

VA loan FHA loan Mortgages Loans 395