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

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

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

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

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

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

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 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

Marco Santarelli

MAY 10, 2025

Current refinance rates hover around 6.91% for 30-year fixed loans. Rates have increased this week, influenced by tariff developments and economic conditions. While monthly payments are lower, the overall interest paid over the life of the loan can be significantly higher compared to shorter-term loans.

Mortgages

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

AAOA

JUNE 9, 2025

Get a Free Multifamily Loan Quote Access Non-Recourse, 10+ Year Fixed, 30-Year Amortization GET A FREE QUOTE Biggest Risks When Buying a Duplex Just like any other investment, buying a duplex isn’t all smooth sailing. In turn, this can affect your loan terms, interest rates, and upfront costs.

Property Management

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 9, 2025

On Wednesday, the House of Representatives Committee on Veterans Affairs Subcommittee on Economic Opportunity has scheduled a markup of several veteran-focused pieces of proposed legislation, which includes a bill called the VA Home Loan Program Reform Act. VA committee chair Rep. sponsored by subcommittee chairman Rep.

HR

Marco Santarelli

MAY 22, 2025

He generally advises against FHA and VA loans due to their additional fees. Federal Land Use: Opening up more federal land for development could lead to an increase in available housing in some areas. In my experience, Ramsey's principles are spot on.

Marketing

Housing Wire

JULY 30, 2025

Derrick Van Orden’s bill, the VA Home Loan Program Reform Act, into law after it received approval last week from the Senate. The VA Home Loan Program Reform Act will reform the U.S. President Donald Trump on Wednesday signed Rep. million veterans. Mike Bost (R-Ill.), chairman of the House veterans committee.

VA loan

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 24, 2023

Patton Gade, the top producing loan officer for VA home loans in the U.S. Military Academy at West Point, will continue to originate loans and hold the national director of military lending position at UMortgage. He’ll join forces with fellow veteran loan originator Jay Bunte in the brokerage firm.

VA loan

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. There remains a belief among listing agents and their clients that the VA appraisal and closing process will be a hassle.

VA loan

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

VA loan

Housing Wire

JUNE 11, 2024

Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee. Behr, program analyst at the department’s Loan Guaranty Service and Veterans Benefits Administration, said in a statement.

VA loan

Housing Wire

SEPTEMBER 23, 2024

Before that, Bergjans spent eight years at Caliber Home Loans , including stints as national director of military and veteran lending and as head of retail business development. By comparision, loanDepot did 69% of its business through the conventional loan channel and 3% through Federal Housing Administration (3%) loans.

VA 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 27, 2024

But the VA’s current policies place veterans at a “significant disadvantage” compared to other buyers, NAR President Kevin Sears said in a letter submitted Wednesday to John Bell, executive director of VA’s Loan Guaranty Service. The VA didn’t immediately respond to HousingWire’s request for comment.

VA loan

Housing Wire

JULY 26, 2024

Senate appropriations committee this week approved full funding for the fiscal year 2025 Transportation, Housing and Urban Development, and Related Agencies Appropriations Act (T-HUD), which provides $98.737 billion in total discretionary funding for agencies including Ginnie Mae.

VA loan

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 the fourth consecutive month of rising loan sizes and a new survey high.

Sales

Housing Wire

MAY 19, 2022

Department of Housing and Urban Development. The average loan size rose to a new survey high of $436,576. Over half of the applications were for loan amounts greater than $400,000, the MBA said. Conventional loans accounted for 76.7% of loan applications. Conventional loans accounted for 76.7%

VA loan

Housing Wire

FEBRUARY 18, 2022

He also noted that purchase activity for new homes continues to be concentrated in the higher end of the market and that sales prices are continuing to grow with the average loan size coming in at $427,000 in January, another record. The average loan size for new homes in December was $423,102, the trade group noted.

VA loan

Housing Wire

MAY 6, 2024

HUD also seeks to transition away from the discontinued Fannie Mae Form 1009, the residential loan application for reverse mortgages, to Form 1003, the Uniform Residential Loan Application (URLA). Department of Veterans Affairs (VA) loans. Following an announcement that the U.S.

VA loan

Housing Wire

JUNE 30, 2023

According to the company’s statement, “The relevant loans, some dating back 15 years, make up less than a half percent of our total federal loans originated during this time frame. Like its peers, Movement has the authority to originate and underwrite loans without first having the government review them.

Loans

Housing Wire

MARCH 29, 2024

Department of Housing and Urban Development (HUD)’s Office of Policy Development and Research is seeking public comment related to application and origination documents for the Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) program, according to a notice published this week in the Federal Register.

Mortgages

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. 7 loan officer in the country last year with a mortgage production volume of $326.5

Loan Officer

Housing Wire

MARCH 25, 2024

Department of Veteran Affairs (VA) to expedite regulatory change that would allow veterans and active-duty service members to fund buyer’s broker commissions when purchasing a home with a VA mortgage. as proper local variances, under current VA regulations.“ “We

Agents

Housing Wire

NOVEMBER 18, 2020

Although mortgage rates are low, survey data indicated that Texas mortgagees may be at a higher risk of foreclosure due to higher proportions of FHA and VA loans. The report said that although lot development slowed in Q3, single-family permits and construction values “ trended upward.”. According to the U.S.

VA loan

Housing Wire

OCTOBER 19, 2022

Large IMBs with portfolio holdings or a non-qualified mortgage (non-QM) loan focus have more risk than smaller IMBs, concluded the CHLA’s latest report, which was issued Wednesday. IMBs’ highest priority is to reduce and align expenses with shrinking loan volume and reduced profit margins.

VA loan

Real Trends

DECEMBER 14, 2022

In the housing industry, agents need to develop their own muscle memory reaction to changing circumstances, new obstacles and shifting markets in order to stay in the fight. Chris Griffith is the CEO of Vetted VA, a training company and trusted source for VA home loan information. Vetted VA seeks to change that narrative.

VA loan

Housing Wire

MAY 23, 2022

A piece of legislation introduced in the Senate in mid-May could streamline the appraisal process for VA loans. Currently, all VA appraisals must be performed in-house. VA home loans have given millions of veterans and their families the opportunity to purchase a home.

VA loan