Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans.

Mortgages 473

Mortgages VA loan Finance Loans 473

Housing Wire

FEBRUARY 12, 2024

It also has a niche in construction and manufactured home loan programs.

Lending 368

Lending New Construction Construction Finance 368

Realty Biz

AUGUST 3, 2023

In recent years, virtual renovation has emerged as a groundbreaking tool that allows homeowners, designers, and contractors to visualize and plan home renovation projects in a virtual space. It combines the benefits of cutting-edge technology with practical application in home remodeling and construction.

Renovation 77

Renovation Pre-approval Investor Construction 77

Housing Wire

NOVEMBER 20, 2023

Founded in 1996, APM offers a range of products, including conventional, jumbo, FHA, VA, USDA loans and reverse mortgages as well as renovation and construction loans. APM has 2,009 sponsored mortgage loan originators with 496 active branches across the country, the Nationwide Multistate Licensing System ( NMLS ) showed.

Mortgages 381

Mortgages Lending Finance Loans 381

Housing Wire

JUNE 1, 2023

Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex. Planet, which originates loans through the correspondent and retail channels, plans to grow organically and via mergers and acquisitions. million in cash. The lender originated $6.5

Mortgages 397

Mortgages Lending Loan Officer Loans 397

Housing Wire

MARCH 22, 2023

Department of Veterans Affairs (VA) announced on Wednesday that it will lower the VA Native American Direct Loan (NADL) program interest rate from 6% to 2.5% in an effort to make housing loans more affordable for Native American military veterans. interest rate for the life of the loan. from 2012 to 2021.

VA loan 389

VA loan Mortgages Land Loans 389

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. Getty Images.

New Construction 110

New Construction Construction VA loan Finance 110

Realty Biz

JULY 20, 2022

For some buyers, there might even be a no down payment home loan available. The Federal Housing Administration regulates and backs the FHA Loans program. 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%.

Loans 129

Loans FHA loan VA loan Equity 129

Redfin

JANUARY 23, 2024

This article explores the innovative ways Bitcoin is reshaping the world of home renovation, providing a glimpse into the future where Bitcoin meets interior design and construction. Three ways to use Bitcoin for home renovation projects 1. They readily accept Bitcoin as a payment method for their services.

Renovation 58

Renovation Finance Loans Design 58

Realtor.com

NOVEMBER 17, 2022

Many homebuyers may find the added expense of new construction well worth it, due to the money they stand to save on renovations and repairs that might crop up in an older home. But homebuyers should also know that they can lower the costs of new construction right when they make the purchase through some smart negotiation tactics.

New Construction 126

New Construction Construction Development Renovation 126

Housing Wire

FEBRUARY 15, 2023

In addition to roles as branch manager and regional manager at different lenders, Sheppard has climbed through the ranks as a loan officer at APM, and most recently served as APM’s EVP of national production. While APM saw production drop by about 42% in 2022 to $13.8

Lending 342

Lending Loan Officer Loans Mortgages 342

Realty Biz

AUGUST 5, 2022

Purchasing homes to renovate and flip is a common real estate investment strategy. So, too, is home buyers purchasing an inexpensive property that needs some rehab or customization, or even a mortgage refinance when your existing property needs renovations. What is “Loan to Value After Repair Value”?

Loans 92

Loans Renovation Investor Banks 92

Housing Wire

NOVEMBER 30, 2021

The amount of equity in these loans, the underwriting, the guardrails around ATR have proven that this is a real, sustainable product that investors like.”. that were picking up the low-hanging fruit on agency loans, are going to need another product to focus on, and that’s non-QM.” Refinance decline. Brokers across the U.S.

Lending 358

Lending Investor Loans New Construction 358

Housing Wire

DECEMBER 1, 2020

Land Gorilla founder and CEO Sean Faries is relentless in his pursuit of technology innovations that drive efficiency while simultaneously reducing risk in construction and renovation lending. Faries believes technology should enhance digital experiences for all project stakeholders.

Land 219

Land Lending Branding Construction 219

Realty Biz

MARCH 26, 2021

Within the Canadian real estate market, pre construction homes are all the rage. As the name suggests, these are bought prior to the construction of the home. Usually, people opt for condos in new buildings that are under construction. Pre construction homes allow buyers to steer clear of heated bidding wars.

Construction 87

Construction Due diligence Development Renovation 87

Realty Biz

DECEMBER 16, 2020

However, embarking on a renovation project is no simple feat. Depending on the scale of the project, renovations also have the potential to cause a great deal of disruption for you and your family. Making the decision to start renovating part of your home isn’t one that should be taken lightly.

Renovation 96

Renovation Branding Construction Banks 96

Housing Wire

JUNE 30, 2022

Not only does Flagstar offer brokers direct access to seasoned sales, support and underwriting teams, it also provides a product set that includes specialty lending options like Advantage non-agency loan, jumbos, new construction, renovation products and HELOCs, and in the pipeline, loans to foreign nationals, seconds and investor property loans.

Lending 341

Lending Banks Technology New Construction 341

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. Mark Glebman, Caliber Home Loans. But for loan professionals, relief doesn’t pay the bills. million to 1.93

Mortgages 384

Mortgages Loan Officer Loans Equity 384

Housing Wire

MARCH 7, 2024

In the address, the president will call for a $10,000 tax credit for both first-time homebuyers and people who sell their starter homes; the construction and renovation of more than 2 million additional homes; and cost reductions for renters.

Construction 534

Construction Closing costs Renovation Title 534

Norada Real Estate

JANUARY 27, 2023

When it comes to investing in residential real estate, there are only two basic types of property you can invest in – new construction and resale. New construction properties are those that are purchased directly from the builder or developer who constructed the property. They are the owner and seller.

New Construction 52

New Construction Construction Probate sale Investor 52

Housing Wire

FEBRUARY 8, 2022

In January, Fannie Mae said it would start accepting desktop appraisals, where an appraiser need not perform a walk-through, for some agency-backed loans after March 19. The option is limited to purchase transactions, secured by a one-unit principal residence with a loan-to-value ratio of no more than 90%.

Loans 370

Loans Principal Mortgages Industrial 370

Housing Wire

DECEMBER 2, 2020

Construction is starting to pick up, so that should help alleviate things in the housing market. Four renovations to consider before selling your house. Depending on your state, you might even get to close on your new mortgage loan virtually too. For-sale inventory is at record lows. But existing homes? Those are another story.

Marketing 466

Marketing Renovation Construction Mortgages 466

HomeLight

AUGUST 30, 2021

A garage renovation is a daunting task that requires budgeting, thoughtful planning, and the help of skilled professionals. Budget your garage renovation. The first step of your garage renovation is to budget for the upgrades and services you’ll need. 10% to 20% of total construction project cost. General contractor.

Renovation 89

Renovation Equity Construction Loans 89

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Chris Gallo, senior loan officer at NJ Lenders Corp. After dropping from $1.2 That’s it.

Loan Officer 400

Loan Officer Loans Equity Mortgages 400

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. In turn, thousands of loan originators could soon be looking for a new lender to hang their license. They weren’t so small that they couldn’t handle us.”

Loans 390

Loans Mortgages Loan Officer Pre-approval 390

Windemere Buying

APRIL 26, 2023

However, the process of buying a fixer-upper comes with additional responsibilities compared to properties in better condition or new construction homes. Extra consultations, inspections, and appraisals are often required in the loan process, but they help guide the work and resulting home value.

Renovation 91

Renovation Inspection Loans Finance 91

Propmodo

APRIL 23, 2024

billion of C-PACE loans were originated nationwide in 2023, a nearly 33 percent increase from 2022. It provides long-term, fixed-rate, and non-recourse loans for up to 30 years for any aspect of real estate construction that enhances energy or water efficiency. The loans are also being used to recapitalize existing buildings.

Lending 62

Lending Commercial Finance New Construction 62

Realty Biz

JANUARY 23, 2024

million construction loan, a $708,000 permanent loan, and a $26 million investment in Boulevard Apartments Preservation, LP, to facilitate the acquisition and restoration of the existing Boulevard Apartments in Chicago. The renovation scope encompasses rejuvenating all units, communal spaces, and building systems.

Banks 87

Banks Commercial Renovation Loans 87

Realty Biz

JANUARY 4, 2024

Furthermore, they inspect the state of the property, which includes the caliber of construction materials and any required repairs or enhancements. Some Loans Are More Strict It's essential to note that some mortgage programs are more strict on what an appraiser will look at. How Do Home Appraisers Evaluate The Quality of Construction?

FHA loan 100

FHA loan Construction Renovation Loans 100

Propmodo

JANUARY 13, 2024

million square feet of office space is under construction or renovation in Manhattan, the lowest amount in 8 years, according to JLL. In March of last year, GDSNY and its partner, the Swedish firm Corem AB, obtained a $90 million loan for 1245 Broadway, its 200,000-square-foot trophy office property in Manhattan’s NoMad neighborhood.

Development 57

Development Lending Finance Commercial 57

HomeLight

MARCH 29, 2024

This offers lenders a value estimate to back a mortgage loan, and so both sellers and buyers have a basis for negotiation. Quality of construction: The craftsmanship, materials used, and overall build quality of the property. Age and condition: How old the property is and its current state, including any updates or renovations.

Sales 106

Sales Renovation Land Construction 106

Realty Biz

JANUARY 25, 2022

In fact, the FHA offers loans specifically targeting homebuyers that want to rehab a home to live in ( FHA 203k Loan Option for a Tough Buyer’s Market ). Of course, this also brings the con of needing money to do the renovation. That is something that makes the FHA 203k loan appealing because it includes the rehab money.

Renovation 119

Renovation Investor Construction Finance 119

Realty Biz

AUGUST 1, 2021

First, establish a budget for your custom home and determine your timeframe for construction. Though the old house down the street may not seem like much, with a bit of TLC and construction work , you may be able to bring your dream home to life. Renovate your current home. Expand your parameters. The bottom line.

Renovation 103

Renovation Construction Equity Loans 103

Realty Biz

JUNE 25, 2023

A HELOC is a special type of loan exclusive to homeowners, which functions quite similarly to a personal loan. It works like this: you browse the real estate market for a cheap property, you invest in its repair and renovations and the place it back on the market for a higher price.

House Flipping 102

House Flipping New Construction Equity Construction 102

Marco Santarelli

APRIL 20, 2024

New Construction: While not a major short-term solution, an increase in new home construction activity could eventually contribute to a more balanced inventory level. Do you have a beautiful backyard, a recently renovated kitchen, or a desirable location? Highlight Unique Features: Showcase what makes your property special.

Marketing 104

Marketing Pre-approval Fixed-rate mortgage New Construction 104

Realty Biz

MARCH 16, 2023

A mortgage lien is a legal claim placed on a property by a lender as collateral for a mortgage loan. This type of lien gives the lender the right to foreclose on the property if the borrower defaults on the loan. Mechanics liens can arise from various construction-related projects, such as home renovations or building a new home.

Renovation 103

Renovation Loans Mortgages Construction 103

Point2Homes

OCTOBER 19, 2021

Distressed properties or fixer-uppers may be cheaper but can pack higher renovation costs. Ideally, the property should be a modern construction, with three bedrooms and two bathrooms, in the middle to upper price range for the area it’s located in. then deduct your estimated renovation costs. Find Financing. Assemble Your Team.

House Flipping 94

House Flipping Renovation Pre-approval Finance 94