article thumbnail

Rocket completes Redfin deal, announces Rocket Preferred Pricing

Housing Wire

billion in equity. Rocket Preferred Pricing is available to qualified clients buying a home with conventional, FHA or VA loans. The transaction faced no opposition from antitrust regulators and received approval from Redfin shareholders on June 4. “I’ve used Redfin every day for the last 20 years.

article thumbnail

Loan officers are seeing an uptick in FHA, VA demand

Housing Wire

The move in government refinances was driven by a 75% increase in VA loans, which have been prone to large changes in recent months. On-the-ground observations Loan officers say they’re seeing an increase in government loan demand. Certain geographic areas have higher shares of government loans.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

NAR: Homebuyers still have down payment misconceptions

Housing Wire

For repeat buyers, the figure was significantly higher last year at 23% — a reflection of rising home equity over time. Nearly 29% of first-time buyers used Federal Housing Administration (FHA) loans , which require a minimum down payment of 3.5%. Department of Veterans Affairs (VA) loans , which do not require a down payment at all.

article thumbnail

How will first-time buyers fare if sellers can’t offer buyer agent compensation?

Housing Wire

But for first-time and other cash-strapped buyers—those who are not relying on the proceeds of a home sale, who may be using a 100% financed VA loan, whose agents may be layering forms of assistance to put together enough cash for closing—knowing in advance about the seller’s contribution to their agent costs may be essential.

article thumbnail

Borrowers Gained $115 Billion in Home Equity in Q1 2025

The Mortgage Report

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? The average borrower now sits on $302,000 in equity.

article thumbnail

20% down? How to help buyers who don’t know that’s a myth

Real Estate News

The typical down payment for repeat buyers tends to be larger, NAR noted, and nearly doubled in the past decade amid housing equity growth. Majorities of both groups use conventional loans, and many (29% of first-time buyers and 10% of repeat buyers) use FHA loans, which offer down payments as low as 3.5%. Write to Meghan Roos.

article thumbnail

What’s the Cheapest Way to Get Equity Out of My Home

The Mortgage Report

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? Check your best options to tap home equity.