Housing Wire

JANUARY 2, 2025

Government lending programs saw mixed results as applications for Federal Housing Administration (FHA) loans fell by 60 bps to a market share of 16.6%, while applications for Department of Veterans Affairs (VA) loans rose by 50 bps to a share of 15.7%. Rates for 30-year jumbo loans jumped 14 bps to 7.13%.

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Housing Wire

OCTOBER 31, 2024

This was also reflected in median payments for Federal Housing Administration (FHA) loans, which stood at $1,753 in September. By comparison, the median payments an FHA loan applicant was $1,817 a month earlier and $1,920 one year ago.

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Housing Wire

MARCH 13, 2025

The share of Federal Housing Administration (FHA) loan applications hit a record high for the survey, accounting for nearly one-third of all applications. The average loan size decreased, signaling that first-time homebuyers remain active in the market, Kan said. By loan type, conventional mortgages made up 56.7%

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Housing Wire

DECEMBER 6, 2023

CBC Mortgage Agency – a federally chartered housing finance agency – will offer two temporary rate buydown features for its down payment assistance (DPA) program for Federal Housing Administration (FHA) loans. The agency is the first to provide either a 2-1 rate buydown or a 1-0 rate buydown on a DPA program.

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Keeping Current Matters

JUNE 9, 2025

If you’re a first-time homebuyer, you might feel like the odds are stacked against you in today’s market. But there are resources and programs out there that can help – if you know where to look.

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Housing Wire

DECEMBER 17, 2024

Conventional loans accounted for 61.6% of applications, Federal Housing Administration (FHA) loans for 28% and U.S. Department of Veterans Affairs (VA) loans for 9.9% The average loan size for new homes decreased to $402,873, down from $409,942 in October. from the 56,000 sales in October. in November.

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Housing Wire

DECEMBER 20, 2024

According to the bill’s authors, FHAs mortgage insurance premium policies impact first-time homeowners the most as they make up more than 82% of FHA purchase borrowers. Mortgage insurance exists as protection from foreclosure on low equity loans.

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Housing Wire

NOVEMBER 27, 2024

But government loans saw their shares shrink. Federal Housing Administration (FHA) loans shed 60 bps during the week to represent 16% of all applications while U.S. Department of Veterans Affairs (VA) loans were down 120 bps to 12.4% Adjustable-rate mortgages (ARMs) increased to 6.6% of applications. of applications.

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Housing Wire

FEBRUARY 13, 2025

Jumbo mortgage rates were up 2 bps, VA loan rates were up 4 bps and FHA loan rates remained unchanged. Optimal Blue reported that after hitting a multiyear low in December, the conforming loan share edged up slightly to 51% of total production but remained near record lows.

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Housing Wire

JANUARY 14, 2025

While conforming loans became less common, Federal Housing Administration (FHA), U.S. Department of Veterans Affairs (VA) and nonconforming loan types gained traction. FHA loans rose to 21% of all lock activity, with nonconforming loans at 16% and VA loans at 11.5%.

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Housing Wire

NOVEMBER 4, 2024

The third party origination (TPO) division of Rocket Mortgage on Monday announced the rollout of its latest product, 24 Takeoff, which allows mortgage broker partners to receive a 24 basis point credit on all eligible loans until Nov. 15 at 2 pm EST.

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Housing Wire

FEBRUARY 27, 2025

Higher payments across loan types Borrowers across different mortgage programs also saw their payments rise. FHA loan applicants faced a median monthly payment of $1,934, up from $1,866 in December. Conventional loan applicants saw their median payment increase to $2,225, up from $2,128. Nevada (254.3) Arizona (218.7)

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Housing Wire

JUNE 10, 2025

With the brief window of affordability relief now closed, new data show first-time buyers are feeling the strain, with modest declines in their share of conforming and FHA loan locks.”

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Housing Wire

JANUARY 22, 2025

Federal Housing Administration (FHA) loan borrowers must maintain escrow accounts for the entire loan cycle, regardless of equity. After that, 70% had higher homeowners’ insurance and 57% had higher premiums. Escrow accounts are required for conventional borrowers with 20% or less equity in their homes.

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Housing Wire

DECEMBER 18, 2024

The average rate for 30-year fixed-rate loans for conforming balances (up to $766,550) rose by 8 bps to 6.75%. Rates for 30-year jumbo loans (balances above $766,550) grew by 7 bps to 6.86%. And the 30-year FHA loan rate increased by 2 bps to 6.49%. Rates for 5/1 ARMs increased by 22 bps to 6.03%.

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Housing Wire

MARCH 24, 2025

Additionally, Black and Hispanic borrowers were more likely to use Federal Housing Administration (FHA) loans, which, despite lower down payment requirements, often come with higher interest rates and additional fees compared to conventional loans.

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Housing Wire

DECEMBER 4, 2024

But government loans trended slightly upward. Federal Housing Administration (FHA) loans remained at 16% of all applications. Department of Veterans Affairs (VA) loans grew their share to 13.6%, compared to 12.4% Department of Agriculture (USDA) loans dropped 1 bps to 0.4%. in the prior week. the previous week.

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Housing Wire

MAY 28, 2025

FHA loan rates averaged 6.68%. ARMs typically gain market share when rates are elevated, as borrowers can access lower initial rates compared to traditional fixed-rate mortgages. As of Wednesday morning, the average 30-year conforming mortgage rate stood at 6.97%, according to HousingWire s Mortgage Rates Center.

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Housing Wire

MAY 13, 2025

By loan category: Conventional loans saw their seasonally adjusted delinquency rate rise 8 bps to 2.7%. FHA loans posted a decline of 41 bps to 10.62%. VA loans saw a decrease of 7 bps to 4.63%. The seriously delinquent rate loans 90 or more days past due or already in foreclosure stood at 1.63%.

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Housing Wire

MAY 5, 2025

California follows closely behind, with Gen Z making up 8% of purchase mortgage and 13% of first-time buyer loans. As the housing market has softened and down payments remain a hurdle, first-time buyers have increasingly turned to Federal Housing Administration (FHA) loans.

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Housing Wire

MARCH 27, 2025

By product type, the median mortgage payment for conventional loan applicants was $2,226, up from $2,225 in January and up from $2,194 in February 2024. For FHA loan applicants, the median payment was $1,907 in February, down from $1,934 in January and up from $1,872 in February 2024.

Mortgages 326

Mortgages FHA loan Loans As-is 326

Housing Wire

DECEMBER 9, 2024

Heres your game plan: Check your credit: A score of 640 opens the door to FHA loans and down payment assistance programs. First-time buyers: Its your moment Lets talk about first-time homebuyers. If youre in this group, 2025 could be your year. Boost it to 680 for access to better DPA rates and terms.

Mortgages 370

Mortgages FHA loan Closing costs Staging 370

Housing Wire

APRIL 8, 2025

FHA loans saw an 8-basis point drop to 6.27%, while VA and jumbo loan rates nudged up slightly to 6.13% and 6.73%, respectively. ARMs see uptick : Adjustable-rate mortgages (ARMs) rose to just under 9% of total lock volume, signaling buyer interest in alternative paths to affordability amid persistent rate pressure.

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Housing Wire

JULY 21, 2023

Lifting a ban on mortgage lenders providing down payment assistance (DPA) to Federal Housing Administration (FHA) borrowers would help underserved borrowers become homeowners, according to a paper published by the Urban Institute.

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Housing Wire

JANUARY 15, 2025

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances and 30-year fixed-rate mortgages backed by the FHA both saw increases for jumbo loans it was an increase to 7.05% from 6.99%, and for FHA loans the interest rate reached 6.76% from 6.65%.

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Housing Wire

MARCH 20, 2025

Additionally, the share of flipped homes sold to buyers using Federal Housing Administration (FHA) loans remained steady at 10.7%. The top market for FHA buyer activity was Merced, California, where 38.3% of the flipped homes were resold to buyers using FHA financing.

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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.

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Housing Wire

JANUARY 9, 2025

The column is likely referencing the Home Equity Conversion Mortgage ( HECM ) program insured by the Federal Housing Administration (FHA). Loan proceeds are dependent on the amount of equity in the home and current interest rates, the column noted, and there are multiple disbursement options available, the column noted.

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Housing Wire

JUNE 9, 2025

and student loan delinquencies at 20% in 2024 (up from 2.8% Traditional loan modification programs are faltering: 13.7% million modifications since 2020 have failed, with FHA loans failing at 22.1%, signaling persistent borrower distress 2. Non-mortgage debt, with credit card delinquencies at 3.5%

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Housing Wire

JANUARY 5, 2021

What type of loan: FHA loan. FHA loans are backed by the Federal Housing Administration. These insured loans are a type of federal assistance and require as little as a 3.5% If your credit score is between 500-579, FHA loans require 10% of the purchase price. 0% down payments.

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Housing Wire

MARCH 5, 2025

According to the MBA, rates for Federal Housing Administration (FHA) loans dipped to 6.42%, while refinance activity posted its fastest pace since October 2024.

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Housing Wire

NOVEMBER 10, 2023

FHA loan usage increases in September As sellers field fewer offers, buyers with FHA loans may have greater luck to close on a home. In September, government-insured FHA loans represented a little over 15% of U.S. Conventional loans remain the most common type of mortgage, making up over 75% of all loans.

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Housing Wire

OCTOBER 4, 2023

But LOs who cater to first-time homebuyers’ needs – offering FHA loans and down payment assistance loans — are faring better, Michael Ullmann, producing branch leader at Movement Mortgage , explained. “So It was a similar story for Steve Miller, branch manager and senior loan officer at Embrace Home Loans.

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Housing Wire

APRIL 18, 2025

By product type, conventional loans composed 49.0% of loan applications, FHA loans composed 37.0%, RHS/ USDA loans composed 0.9% and VA loans composed 13%. The average loan size for new homes decreased from $397,516 in February to $381,921 in March. compared to a year ago.

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Housing Wire

SEPTEMBER 9, 2024

the parent of digital lender Better.com , rolled out its Federal Housing Administration (FHA) streamline refinance program on Monday. Better Home & Finance Holding Co. , In its second-quarter 2024 financial earnings, Better.com posted a net loss of $42.2 million, an improvement from the previous quarter’s loss of $51.5 million.

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Housing Wire

OCTOBER 30, 2023

loanDepot has rolled out a new down payment assistance program for Federal Housing Administration (FHA) loan borrowers that enables them to put zero money down upfront. FHA loans also come with mandatory upfront and annual mortgage insurance premiums — usually for the life of the loan.

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Housing Wire

DECEMBER 2, 2020

In those areas, the 2020 FHA loan limit is $1,233,550. Unlike 2020’s report, the FHA said there are no counties where the loan limits will be decreasing. Back in 2016, the FHA increased loan limits for just 188 counties ; in 2017, this number jumped to 2,948 counties ; then to 3,011 counties for 2018.

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