Marco Santarelli

DECEMBER 21, 2024

This increased competition often drives prices up and can indirectly influence mortgage rates as lenders adjust to the heightened risk associated with higher-priced loans. The benefits include lower monthly payments compared to shorter loan terms. Cons : Higher total interest paid over the life of the loan.

Mortgages

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

Marco Santarelli

MAY 14, 2025

Mortgage rates on May 14, 2025, are currently experiencing instability with variations in rates across different loan types. Here is an overview of the primary types of mortgages and their characteristics: Fixed-Rate Mortgages : These loans maintain a consistent interest rate throughout the loan term, making budgeting easier for homeowners.

Mortgages

The Close

MAY 20, 2025

An investment property loan is any type of financing you use to buy or refinance a property that generates income, like a rental property (single-family home or a multifamily property) or a commercial property. million Interest rates: Starting at 6.5% million Interest rates: Starting at 6.5% million Interest rates: Starting at 6.5%

Loans

Marco Santarelli

JANUARY 4, 2025

Today's Mortgage Rates: January 04, 2025 Key Takeaways Current 30-year fixed mortgage rate : 6.95% Current average refinance rate : 6.99% Potential savings : Top offers on Bankrate could save you $1,771 annually on a $340,000 loan compared to national averages. Various economic factors will likely influence future changes.

Mortgages

Redfin

MARCH 4, 2025

Government-owned properties Some mortgages are government-backed, like VA loans and FHA loans. If a buyer with a government-backed loan goes into foreclosure, the government will take control of the property. Department of Housing and Urban Development (HUD) website.

Pre-approval

Redfin

MAY 22, 2025

Its not a loan that needs to be repaid; it’s a true gift, with no strings attached. If you’ve received numerous smaller cash gifts, a cleaner approach for your loan application might involve consolidating these funds into an account and then receiving a larger, documented gift from a qualified family member.

Loans

Marco Santarelli

JUNE 17, 2025

When securing a 30-year fixed mortgage, this rate means you would pay 6.93% interest over the life of the loan. For a shorter-term option, the 15-year fixed mortgage rate remains stable at 6.01% , appealing for buyers looking to pay off their loans faster. VA Loans : The 30-year fixed VA loan is at 6.52% , an increase of 0.11%.

Mortgages

Redfin

JUNE 18, 2025

If you’re applying for an FHA loan, keep in mind that the Department of Housing and Urban Development (HUD) has its own specific inspection guidelines for condominiums. In some cases, inspectors may need to cover additional areas. How much does a condo inspection cost?

Inspection

AAOA

FEBRUARY 17, 2025

Understand Financing Options Explore different financing methods such as conventional loans, FHA loans, or private financing. Q4: Should I invest in new developments or existing properties? Utilize tools like Google Trends and real estate platforms to gather data. renovations, amenities) that can increase rental income.

Due diligence

Norada Real Estate

JUNE 22, 2025

These changes signify a modest yet significant moment for potential homebuyers and those looking to refinance their existing loans. On June 22, 2025, data depict that mortgage rates are experiencing a mild decrease, which could benefit those seeking new loans or considering refinancing their current terms.

Mortgages

Redfin

JULY 31, 2025

State and local programs: Cities and states may offer down payment assistance, forgivable loans, or closing cost help. Federal loan options: Government-backed loans like FHA, VA, and USDA loans are popular among first-time buyers, offering flexible credit and down payment requirements. These require just 3.5%

Purchase and sale agreement

Redfin

JULY 30, 2025

Most homebuyers will need to think ahead about the following costs when estimating how much money is needed to purchase a home: Down payment: The down payment is a percentage of the home’s purchase price, anywhere from 0% to 20% depending on your loan. Several loan options, such as FHA or VA loans, only require a down payment of 3.5%

Pre-approval

Redfin

JULY 28, 2025

Key takeaways: There are several options, loans, and assistance programs that make it possible to buy a house with low income. Compare loan types and speak with a lender to come up with a plan that works for your situation. Compare loan types and speak with a lender to come up with a plan that works for your situation.

VA loan

AAOA

FEBRUARY 6, 2025

Get a Free Multifamily Loan Quote Access Non-Recourse, 10+ Year Fixed, 30-Year Amortization GET A FREE QUOTE Building a tiny home to rent Of course, in real estate, it is vitally important to consider location. Remember, you need to make sure the cost of its development does not surpass your potential ROI (return on investment).As

Due diligence

Housing Wire

NOVEMBER 21, 2024

Average loan size reached highest level since 2022 Alongside the growth in new-home application rates, the average size of a mortgage for a new home also moved higher. MBA reported an average loan amount of $410,000 in October, up from $402,000 in September. Department of Agriculture (USDA) loans at 0.4%.

Mortgages

Norada Real Estate

JUNE 7, 2025

Breaking Down the Different Loan Types It's important to remember that not all mortgage rates are created equal. Notably, FHA loans have seen a more significant jump in their 30-year fixed rate. This could disproportionately affect first-time homebuyers or those with lower credit scores who often rely on these types of loans.

Mortgages

Marco Santarelli

JUNE 17, 2025

When securing a 30-year fixed mortgage, this rate means you would pay 6.93% interest over the life of the loan. For a shorter-term option, the 15-year fixed mortgage rate remains stable at 6.01% , appealing for buyers looking to pay off their loans faster. VA Loans : The 30-year fixed VA loan is at 6.52% , an increase of 0.11%.

Mortgages

Rochester Real Estate

NOVEMBER 5, 2015

No document loans or stated income loans were created in the 90’s but really became mainstream after the year 2000. If you had a social security number and an average credit score, you were able to get these loans without documenting your income or your assets. This eliminated stated income loans completely.

Mortgages

Housing Wire

APRIL 8, 2025

The latest repercussion was last week when the Department of Housing and Urban Development (HUD) announced that it would no longer extend Federal Housing Administration (FHA) loans to borrowers who are not permanent residents. The restriction has the potential to upend not only the FHA program, but the broader housing market.

FHA loan

Housing Wire

APRIL 28, 2025

With federal oversight shifting under the current administration, some mortgage lenders may feel less pressure to prioritize compliance and loan quality. So even if the CFPB isnt aggressively enforcing today, borrowers can still bring claims, and a future administration could look back years to scrutinize loan activity. Andreano, Jr.,

Investor

Housing Wire

MARCH 27, 2025

The Department of Housing and Urban Development (HUD)’s order to “crack down” on non-permanent residents receiving mortgages insured by the Federal Housing Administration ( FHA ) is a “setback,” the leader of the nation’s largest Hispanic real estate trade group said Wednesday.

Loans

Housing Wire

APRIL 17, 2025

The first big cost-saver at stake would ensure that new homes that receive FHA loans or support from several other federal programs are built to up-to-date energy codes. The Department of Housing and Urban Development (HUD) and the Agriculture Department acted last year to put an end to that.

FHA loan

Housing Wire

JUNE 27, 2025

Department of Housing and Urban Development (HUD), which oversees the FHA, said in a statement that the rescissions are “bold, necessary and long overdue.” Previously, FHA Roster Appraisers were required to inspect these homes even if no damage had occurred, leading to unnecessary inspections and loan delays.

Inspection

Housing Wire

APRIL 7, 2025

Department of Housing and Urban Development (HUD) Secretary Scott Turner effectively doubled down on a recently-announced policy aiming to restrict Federal Housing Administration (FHA) financing to U.S. In a letter to agency stakeholders and grantees last Friday, U.S. citizens and permanent residents. Its hard to say.

Finance

Redfin

AUGUST 5, 2025

After such a stressful time, you may wonder, “Can I get an FHA loan after a foreclosure?” ” The answer is yes – borrowers can get an FHA loan after a foreclosure. However, you’ll face a waiting period, also known as the FHA foreclosure waiting period.

FHA loan

Housing Wire

MAY 13, 2025

These include regulations tied to servicing , the Real Estate Settlement Procedures Act ( RESPA ) and loan officer compensation, among others. The CFPB will also no longer prioritize enforcement of Section 1071 small-business loan data collection requirements, a 2023 rule that has been challenged in court.

Mortgages

RIS Media

MARCH 27, 2025

Department of Housing and Urban Development (HUD) announced Wednesday it will no longer allow non-permanent residents or non-U.S. citizens to obtain FHA-insured mortgages. This significant policy shift aligns with the Trump administration’s tougher stance on illegal immigration.

Loans

Housing Wire

FEBRUARY 6, 2025

The trade group is calling for a reasonable reduction in mortgage insurance premiums on Federal Housing Administration (FHA) loans. Advocating for change Mortgage insurance is typically required for borrowers with a down payment of less than 20%, meaning that it is necessary for FHA borrowers, who can qualify with as little as 3.5%

FHA loan

Inman

JUNE 27, 2025

Recission of a dozen regulatory policies is aimed at "slashing red tape that drives up costs and shuts families out of the market," HUD Secretary Scott Turner said.

Marketing

The Mortgage Report

JUNE 18, 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? What’s Next for Home Buyers?

FHA 203k rehab loan

Housing Wire

OCTOBER 9, 2024

Mortgage tech firm Candor Technology has expanded its Loan Engineering System (LES) to include Federal Housing Administration (FHA) loans. The company now fully automates underwriting decisions for FHA loans — minus collateral – and also offers a warranty on income calculations and cleared conditions for funded FHA loans.

FHA loan

Housing Wire

JANUARY 17, 2024

Department of Housing and Urban Development (HUD) Marcia Fudge suggested to a congressional committee that the department could consider eliminating life-of-loan premium requirements for mortgages backed by the Federal Housing Administration (FHA), but did not offer any indication about the issue’s priority level at HUD.

Loans

Housing Wire

SEPTEMBER 14, 2023

Adrian Gastelum, a vice president and branch manager at Nova Home Loans, recently had a prospective borrower apply for a Federal Housing Administration (FHA) mortgage. FHA guidelines require a two-year work history and allow for a gap of one month or longer in employment with a letter of explanation.

Loan Officer

Housing Wire

SEPTEMBER 5, 2024

The Consumer Federation of America (CFA) is calling for policy changes that would help alleviate the difficulties for homebuyers using Federal Housing Administration (FHA) loans when competing in tight markets. of the U.S. mortgage market in 2023, up from 14.3% in 2022, according to HUD.

FHA loan

Housing Wire

JANUARY 5, 2021

For example, some loans require as little as 3% down. . What type of loan: Conventional loan. Conventional loans aren’t insured by the government but are backed by private lenders. These loans are some of the most common because prospective homebuyers can put down as little as 3%. What type of loan: FHA loan.

FHA loan

Housing Wire

MARCH 14, 2024

Department of Housing and Urban Development (HUD) is being sued in federal court over accusations that it failed to refund nearly $385 million in mortgage insurance premiums (MIP) to borrowers over a period of more than two decades. More than 200,000 of these loans were terminated more than 20 years ago. million in unclaimed refunds.

FHA loan