Marco Santarelli

MAY 14, 2025

Mortgage rates on May 14, 2025, are currently experiencing instability with variations in rates across different loan types. The average rate for a 30-year fixed mortgage stands at 6.84% , showing a slight increase, while the 15-year fixed mortgage has decreased marginally to 6.06%.

Mortgages

Marco Santarelli

JANUARY 4, 2025

When you're navigating the complex world of home financing, mortgage rates can significantly influence your financial plans. As of January 04, 2025, the national average interest rate for a 30-year fixed mortgage is approximately 6.95% , reflecting a slight decrease of 4 basis points from the previous week.

Mortgages

The Mortgage Report

JUNE 10, 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

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

JUNE 17, 2025

As of June 17, 2025, mortgage rates have remained stable, with the current average 30-year fixed mortgage rate at 6.93%. Additionally, the average 15-year fixed mortgage rate remains steady at 6.01%. In contrast, the 5-year adjustable-rate mortgage (ARM) has decreased, moving from 7.39% to 7.01 %.

Mortgages

Norada Real Estate

JUNE 22, 2025

As of June 22, 2025, mortgage rates have slightly dropped, with the national average 30-year fixed mortgage rate at 6.88% , down from 6.89% last week, as reported by Zillow. This downward trend can also be seen in the average 15-year fixed mortgage rate, which decreased to 5.91% from 5.92%.

Mortgages

Redfin

MARCH 4, 2025

All mortgages place a lien on the property in the event that a lender needs to take ownership of the home. 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.

Pre-approval

Redfin

MAY 22, 2025

There are specific mortgage down payment gift rules you and your gift-giver need to understand to ensure a smooth transaction and avoid unwelcome surprises. It becomes a loan. Gifting money for a down payment is a common and often crucial way to make homeownership a reality. However, it’s not as simple as receiving a check.

Loans

Norada Real Estate

JUNE 7, 2025

As of June 7, 2025, the national average for a 30-year fixed mortgage rate has climbed to 7.04%. This news likely brings a wave of concern for anyone looking to buy a home or refinance their existing mortgage. As I've learned over the years, when these Treasury yields go up, mortgage rates often follow suit. on Friday alone.

Mortgages

Redfin

JULY 31, 2025

Between finding the right mortgage and deciding what you want in a home, there’s a lot to consider. In this article: Planning and preparing financially Finding the right mortgage House hunting Making the deal What comes next? They cover topics like budgeting, building credit, mortgage options, house hunting, and closing.

Purchase and sale agreement

AAOA

FEBRUARY 17, 2025

Tax Benefits: Investors can take advantage of various tax deductions, including depreciation and mortgage interest. 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?

Due diligence

Redfin

JULY 30, 2025

In this article: Understanding if you’re ready to buy a home Budgeting for your first home Finding the right mortgage Navigating the homebuying process What comes next? You haven’t held a mortgage in three years. Job security: Stable employment and income are key indicators for lenders when qualifying for a mortgage.

Pre-approval

Housing Wire

NOVEMBER 21, 2024

As existing-home sales dwindle due to high mortgage rates and the lock-in effect, buyers continue turning to new construction options. And Mortgage Bankers Association (MBA) data shows a shifting attitude as mortgage applications for new homes surged in October. from October 2023. The recent election could be a prime factor.

Mortgages

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. Take steps to improve your chances of qualifying for a mortgage by building credit, paying down debts, and saving for a down payment. A co-signer agrees to cover for you if you can’t pay your mortgage on time.

VA loan

Marco Santarelli

JUNE 17, 2025

As of June 17, 2025, mortgage rates have remained stable, with the current average 30-year fixed mortgage rate at 6.93%. Additionally, the average 15-year fixed mortgage rate remains steady at 6.01%. In contrast, the 5-year adjustable-rate mortgage (ARM) has decreased, moving from 7.39% to 7.01 %.

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 What Are The Best Mortgage Options for Self Employed Borrowers? Top Mortgage Products For Self Employed Borrowers What Are The Best Mortgage Programs For Self Employed Home Buyers?

Mortgages

The Close

MAY 20, 2025

Loan terms: 15-30 year fixed rate Time to funding: Within 60 days Minimum credit score: 620 Visit Pennymac Conventional commercial mortgage loans SBA 504 SBA 7(a) SBA microloans Business loans and lines of credit Commercial mortgage loan terms: Loan amount: $250,000-$5 million Interest rates: As low as 4.5%

Loans

AAOA

FEBRUARY 6, 2025

It is highly recommended that you hire a builder who is also familiar with the tiny home laws and regulations for the county in which you will be developing. Financing for your tiny home may be more difficult than if you were constructing a traditional home, but in some cases, you may be able to secure an FHA loan.

Due diligence

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. Practice Leader of the Mortgage Banking Group at Ballard Spahr LLP, loosening internal controls now could have long-term consequences. 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

At issue are utility costs, which are usually the second biggest monthly expense on a home after a mortgage or rent payment, driven mostly by home energy costs. 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.

FHA loan

Housing Wire

JUNE 27, 2025

As part of the Trump administration’s broader effort to cut regulatory burdens, the Federal Housing Administration (FHA) on Friday announced the rescission of 12 policies related to appraisal protocols, underwriter employment, flood risk management and other areas. Scott Turner , the secretary of the U.S.

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.

Finance

Housing Wire

MAY 13, 2025

The Mortgage Bankers Association (MBA) submitted a formal request to the White House Office of Management and Budget (OMB) on Monday, asking for the rescission of six rules and revisions to nine others that affect the mortgage industry. Department of Housing and Urban Development (HUD).

Mortgages

Redfin

AUGUST 5, 2025

When borrowers fail to make mortgage payments, they may undergo foreclosure on their home. 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.

FHA loan

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

Although much of the power to improve housing supply lies with state and local governments due to the structures of the nations zoning laws the Mortgage Bankers Association (MBA) believes it has a way to improve housing affordability and availability. This can be done by the Department of Housing and Urban Development (HUD).

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? Find your lowest rate.

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

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. The lawsuit was previously reported by National Mortgage News and Law360.

FHA loan

Housing Wire

JUNE 11, 2024

Department of Housing and Urban Development (HUD) has terminated the Federal Housing Administration (FHA) direct endorsement approval for Open Mortgage in Iowa. “HUD Texas-based multichannel lender Open Mortgage has originated about $400 million in mortgages over the past 12 months, per mortgage tech platform Modex.

FHA loan

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. mortgage market in 2023, up from 14.3% of the U.S. in 2022, according to HUD.

FHA loan

Housing Wire

MAY 4, 2021

According to the report, in March 2021, consumers submitted more mortgage complaints to the CFPB than in any month since April 2018. Consumers also reported long delays in having their loan modified so that they could resume payments on the mortgage. As we warned mortgage servicers last month, unprepared is unacceptable.”.

Mortgages

Housing Wire

JANUARY 5, 2021

But the truth is, your down payment depends on your lender, credit score and the type of mortgage you qualify for. For example, some loans require as little as 3% down. . A down payment is the money you pay upfront when applying for a mortgage to buy a home. For most mortgages, lenders require a down payment.

FHA loan

Housing Wire

JANUARY 19, 2024

Country Club Mortgage , a home lender based in California , has decided to lay off over 100 employees due to “facility closures,” documents sent to state regulators show. More than 50 mortgage loan officers were let go. Last year, half of the originated loans were conventional, followed by 35% of FHA loans and 14% of V.A.

Mortgages

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