Housing Wire

JULY 11, 2025

My job as a loan officer is to help people prep and plan to buy a house. The Federal Reserve’s Q1 report on Household Debt and Credit shows that, on average, each American household has over $8980 in credit card debt, $12,480 in auto loans, $12,404 in student loans, and $4110 in retail cards and personal loans.

Debt-to-income ratio

Housing Wire

JUNE 11, 2025

This week at The Gathering by HousingWire , reverse mortgages took center stage on Tuesday as HW Media CEO Clayton Collins welcomed two leading industry executives to the stage. Ventura described how it often comes down to educating financial advisers — a key reverse mortgage industry referral source target. Last year, more than 1.1

Mortgages

BAM Media

JANUARY 7, 2025

On the positive side: Renters experienced spikes in incomes and savings early in the pandemic via stimulus payments and unemployment insurance. Renters benefited from student loan payment pauses disproportionately. Among first-time homebuyers, student loans are the second-largest obstacle to saving for a down payment.

Debt-to-income ratio

Housing Wire

AUGUST 1, 2025

Insurance delays disrupt mortgages Insurance challenges are spilling into the mortgage industry. Matic found that 64% of lenders reported frequent delays or issues due to insurance, which are often tied to debt-to-income ratios or difficulties securing timely coverage. In 2024, convective storms caused $58 billion in U.S.

Debt-to-income ratio

RIS Media

DECEMBER 9, 2024

To help buyers overcome these hurdles, some financial firms offer outside-the-box solutions for cash-strapped Americans to qualify for a home loan. Student loan debt is a common obstacle for first-time and some repeat homebuyers.…

Loans

Marco Santarelli

MAY 27, 2025

Finding the best rate can save you thousands over the life of your loan, so let's dive into what's driving these differences across states and how you can snag the best deal. Average Loan Size: The size of the average mortgage in a state can also play a role. Don't Fall for Teaser Rates It's crucial to be aware of “teaser rates.”

Mortgages

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? Answers have been edited for brevity and clarity.

FHA 203k rehab loan

AAOA

JUNE 12, 2025

Here’s the industry-standard distinction: Residential properties = 1 to 4 units (single-family homes, duplexes, triplexes, fourplexes) Commercial properties = 5 or more units (fiveplexes, mid-sized apartment buildings, large multifamily communities) It doesn’t matter whether it’s families, students, or retirees living in the building.

Commercial

Marco Santarelli

MAY 24, 2025

Here's a snapshot of the national averages for various mortgage types, as per Zillow: Loan Type New Purchase Rate Daily Change 30-Year Fixed 7.15% +0.04 Other common mortgage types, like the 15-year fixed and jumbo loans, have also seen upward movement. Last fall's low of 6.24% for jumbo loans illustrates the recent fluctuations.

Mortgages

Marco Santarelli

MAY 14, 2025

Average Loan Size: The average loan size in a state can also impact rates. States with higher property values (and therefore larger loan amounts) might see different rates than states with smaller average loan sizes. Competition: Competition between lenders and across different loan types can drive rates up or down.

Mortgages

Redfin

JULY 2, 2025

This Redfin article explains how job changes impact the mortgage process and what lenders look for—whether you’re applying for a home loan in Raleigh, NC or preparing to close on a house in Denver, CO. Exceptions: Special loan programs for recent job changes Some loan types are more flexible than others: 1.

Pre-approval

Marco Santarelli

APRIL 24, 2025

But trust me, even a small difference in your interest rate can translate to thousands of dollars saved over the life of your loan. Loan Sizes: The average size of a mortgage can influence rates, as larger loans may carry different risk profiles. Loan Type: Different loan types (e.g.,

Mortgages

AAOA

MARCH 24, 2025

Get a Free Multifamily Loan Quote Access Non-Recourse, 10+ Year Fixed, 30-Year Amortization GET A FREE QUOTE Advantages of Investing in Multifamily Real Estate Multifamily properties, from duplexes to large apartment complexes, are key to diversifying real estate portfolios.

Property Management

Marco Santarelli

MAY 2, 2025

Average Loan Size: This one is pretty straightforward. State Regulations: Each state has its own set of rules and regulations governing the mortgage industry. Economic Factors: Local economic conditions, such as unemployment rates or industry downturns, can impact lender risk assessments and, consequently, mortgage rates.

Mortgages

Marco Santarelli

FEBRUARY 7, 2025

“Subprime” mortgages were rampant, meaning loans were given to people with poor credit or insufficient income. Conventional loan requirements vary by lender. But most conventional loans must meet the guidelines Fannie Mae and Freddie Mac set. This isn't my opinion; this is a demonstrable fact.

Pre-approval

Redfin

JULY 8, 2025

So, when is the last credit check before closing and what does it mean for your loan? They check for new debts, significant drops in your credit score, or changes to your employment. Your credit score hasn’t dropped significantly due to missed payments or increased balances, which could impact your loan terms or approval.

Debt-to-income ratio

Rochester Real Estate

NOVEMBER 5, 2015

Saving a Down Payment While many home loan options allow low down payments, this will mean additional costs. Final Loan Approval Before you close on the home, avoid making any changes to your finances that could undermine your approval. You don’t want to be denied the loan after being approved.

Purchase and sale agreement

Redfin

FEBRUARY 24, 2025

Market conditions: Fluctuations in the construction industry due to material costs, labor availability, supply chain issues, and economic factors can impact building expenses. Financing and closing costs: If you’re financing the land purchase or construction, anticipate paying 2% to 5% of the loan amount in closing costs.

Debt-to-income ratio

Rochester Real Estate

NOVEMBER 5, 2015

The authors of these articles are some of the best writers in the mortgage and real estate industries. ” is an extremely common question in the mortgage and real estate industries. It’s unfortunate, but not every prospective buyer is going to be able to qualify for a home loan.

Finance

Marco Santarelli

JULY 2, 2025

The mortgage industry is competitive, and different lenders can offer significantly different rates based on their individual business strategies and customer profiles. Understanding Your Financial Position : Your credit score, income levels, and debt-to-income ratio significantly affect the rates you may be offered.

Mortgages

Marco Santarelli

JUNE 17, 2025

Average Loan Size: The typical loan amount requested in a state can also play a role. Though the fed funds rate doesn't directly influence mortgage rates, they are closely linked, Competition Among Lenders: The level of competition in the mortgage industry can influence rates. Quick Tip: Always shop around!

Mortgages

Rochester Real Estate

NOVEMBER 5, 2015

We will look at homebuyer mistakes, so you can avoid these things when getting a loan. Increasing Your Debt Part of the lender’s calculation is your debt-to-income ratio. Your income compared to your debts shows the lender how much you can afford. Make sure you keep your payments on time.

Debt-to-income ratio

Norada Real Estate

JULY 2, 2025

The mortgage industry is competitive, and different lenders can offer significantly different rates based on their individual business strategies and customer profiles. Understanding Your Financial Position : Your credit score, income levels, and debt-to-income ratio significantly affect the rates you may be offered.

Mortgages

Marco Santarelli

JULY 23, 2025

State-Level Regulations : Each state has its own set of rules and regulations governing the mortgage industry. Average Loan Size : This might seem counterintuitive, but states with smaller loan sizes can sometimes see higher rates. Lenders might need to charge more to make the loan profitable if the loan amount is lower.

Mortgages

Marco Santarelli

JUNE 18, 2025

Average Loan Size: The size of the average mortgage in a state plays a role. State-Specific Regulations: Each state has its own set of regulations governing the mortgage industry. I can't stress this enough; this is the single biggest thing you can do to potentially save thousands of dollars over the life of your loan.

Mortgages

Marco Santarelli

JUNE 11, 2025

Average Loan Size: The size of the average mortgage loan can also play a role. State Regulations: Each state has its own set of regulations governing the mortgage industry. Mortgage Calculator Example Home Price: $440,000 Down Payment: $88,000 (20%) Loan Term: 30 years APR: 6.67% Estimated Monthly Payment: $2,649.04/month

Mortgages

Housing Wire

APRIL 2, 2025

A few years ago, my wife, whos a Realtor, was working with a buyer who had their loan approval and contract set, he said. But right before closing, the underwriter found out the buyer had bought a car, which pushed them out of their debt-to-income ratio. The deal almost fell through.

Debt-to-income ratio

Marco Santarelli

MARCH 6, 2025

Because they directly impact how much you'll pay each month and over the life of your loan! Let me break down some of the most important ones: Fixed-Rate Mortgage: The interest rate stays the same for the entire loan term. Loan Term: The length of time you have to pay off your mortgage. So, let's dive in. A lower DTI is better.

Mortgages

Marco Santarelli

MAY 13, 2025

Average Loan Size: The typical amount people borrow for a mortgage in a specific state can also have an impact. In areas with higher average home prices (and thus larger loan sizes), lenders might adjust their rates based on the overall risk associated with larger sums. Loan Type and Term: The type of mortgage you choose (e.g.,

Mortgages

Marco Santarelli

JUNE 5, 2025

Average Loan Size: The average loan size in a state can also influence rates. Larger loans may come with slightly different rates than smaller ones. State Regulations: State-specific laws and regulations governing the mortgage industry can also play a role in determining interest rates. Consider a shorter loan term.

Mortgages

Marco Santarelli

MAY 22, 2025

Average Loan Size: The size of the average mortgage loan can also impact rates. Larger loan amounts sometimes come with different risk profiles for lenders. State Regulations: Each state has its own set of regulations governing the mortgage industry. Don't just settle for the first rate you see.

Mortgages

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles Should You Pay Off Student Loans Before Purchasing a Home? Student loans can impact a buyers ability to get a mortgage quite significantly. I’ve even asked myself this question.

Loans

Marco Santarelli

JULY 10, 2025

Average Loan Size: Believe it or not, the average loan size in a state can also impact rates. Larger loan amounts might be viewed differently by lenders. State Regulations: Each state has its own set of regulations governing the mortgage industry, which can indirectly affect rates. Let me give you an example.

Mortgages

Housing Wire

DECEMBER 11, 2024

Mortgage industry advocates including the Mortgage Bankers Association (MBA), CHLA and others were encouraged by the addition in September of a separate bill to the NDAA that would have banned the practice of trigger leads. Lenders do not receive this data in the trigger lead process.

Debt-to-income ratio

Marco Santarelli

MARCH 10, 2025

Heres a detailed overview of the current mortgage rates: Loan Type Current Rate (%) 30-year Fixed 6.31 FHA Loans 30-year 6.01 Here are the average refinance rates: Loan Type Current Rate (%) 30-year Fixed 6.33 FHA Loans 30-year 6.01 Keeping this ratio low could aid in securing better rates. 20-year Fixed 6.06

Debt-to-income ratio

Housing Wire

SEPTEMBER 9, 2020

Prior to the deadline for public commentary on Tuesday, housing industry trade groups, companies and organizations responded to the Consumer Financial Protection Bureau’s proposed rulemaking for the general qualified mortgage definition and the expiration of the QM patch in January 2021. Under § 1026.43(c)(2)(vii), Section 1026.43(c)

Debt-to-income ratio

Housing Wire

JANUARY 20, 2023

The Federal Housing Finance Agency this week made a series of significant changes to loan level pricing adjustment (LLPA) fees charged by Fannie Mae and Freddie Mac on conventional/conforming mortgages. The changes include updates to pricing for second homes, high-balance loans and cash-out refinances that were first announced in 2022.

Debt-to-income ratio