UWM now offering ultra-low mortgage rates on FHA loans

Housing Wire

Ahead of its initial public offering slated for mid-December, United Wholesale Mortgage is offering mortgage rates below 2% on FHA loans through its Conquest Program. on FHA loans, the company announced in a statement on Wednesday.

FHA loans: FHA rates and requirements for 2020

The Mortgage Report

FHA loans are easier to qualify for than many other mortgages. FHA rates are low, but come with mortgage insurance. See current FHA rates and requirements. FHA Home Buying FHA loan FHA Mortgage MIP Mortgage mortgage rates U.S.

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FHA loan limits increase for single-family and multifamily loans

The Mortgage Report

Current FHA loan limits for every U.S. Check your local FHA loan limit for 1-unit, 2-unit, 3-unit, and 4-unit homes. FHA Home Buying Mortgage News FHA Housing Loan Limits Mortgage mortgage ratescounty.

DACA home loans — FHA will now approve home loans for ‘Dreamers.’ Here’s how to get approved

The Mortgage Report

Thanks to a new policy, FHA is now accepting DACA home loans. Learn about the pros and cons of FHA loans and whether you qualify for financing.

Loans 55

Mortgage applications decrease as rates move higher

Housing Wire

“The average loan size for purchase loans jumped to $384,000, the second highest level in the survey.”. The FHA share of total mortgage applications decreased to 9.3% Mortgage applications decreased 1.9% for the week ending Jan.

New-year optimism reflected in mortgage applications jump

Housing Wire

“Both conventional and government refinance applications increased, with applications for government loans having their strongest week since June 2012.”. The FHA share of total applications decreased to 9.6% Mortgage applications jumped 16.7% after a 4.2%

Mortgage applications drop over holidays

Housing Wire

The FHA share of total mortgage applications remained unchanged from 10.1% Mortgage FHA loan mortgage applications Mortgage Bankers Association MORTGAGE RATES VA loanMortgage applications dropped 4.2%

Loans in forbearance gain after 6 weeks of decline

Housing Wire

According to the report, the portfolio-held and private labeled security loans were largely responsible for the recent increase, with forbearance share gaining from 7.1% to 7.3% – a total of 28,000 new loans in forbearance.

Loans 264

Mortgage applications rise 4.6%

Housing Wire

The average loan size increased again to a new record at $371,500, as activity in the higher loan size categories continues to lead growth.”. As a result, the lower price tiers are seeing slower growth, which is contributing to the rising trend in average loan balances,” Kan said.

After record fall of 18%, forbearances rose slightly last week

Housing Wire

Although portfolio-held and private labeled security loans led the record decline the week prior, those same loans took the lion’s share of last week’s increase – rising by nearly 8,000, the report said.

The 9 best FHA mortgage lenders for 2021

The Mortgage Report

FHA lenders offer low down payments and competitive rates, even for borrowers with bad credit. Here are the best FHA-approved lenders for your home loan.

For the first time since April, forbearances fall below 3 million

Housing Wire

In the week prior, portfolio-held and private labeled security loans were largely responsible for the slight increase, with forbearance share gaining to 7.3% for a total of 28,000 new loans in forbearance. However, last week those same loans led the record decline after falling nearly a quarter (-24%) from the week prior, boasting a 228,000 reduction.

Opendoor expands service offerings across multiple markets

Inman

The company is expanding its iBuying, in-person and virtual touring and financing services across multiple US markets, it was announced Thursday.

Mortgage applications increase for fourth time in 5 weeks

Inman

Mortgage applications and refinance applications increased during the week ending December 11, 2020, according to the Mortgage Bankers Association's weekly survey.

Share of mortgages in forbearance drops to lowest level since April

Inman

Analysis Data Markets & Economy Mortgage fannie mae FHA loans freddie mac ginnie mae independent mortgage banks Mike Fratantoni mortgage bankers association mortgage forbearance VA loansMortgages in forbearance decreased from 6.93 percent to 6.87

Share of mortgages in forbearance continues decline, falling to 7.4%

Inman

For the eighth week in a row, total loans in forbearance have declined. Currently, there are about 3.7 million homeowners enrolled in forbearance plans.

Amid Record Low Rates, Refinancing Flourishes

Eye on Housing

Read More › Uncategorized 30-year fixed-rate mortgage FHA loans inventory mortgage bankers association refinancing VA loans

As mortgage rates drop, loan applications rise 2.9%

Inman

The market composite index, which measures mortgage loan application volume, increased by 2.9 percent on a seasonally adjusted basis.

Loans 88

FHA homeowners have the most to lose during economic upheaval

Inman

Three chief economists share how FHA homeowners have been disproportionately impacted by 2020's coronavirus-induced unemployment boom and what it means for next year's market.

Mortgage applications decline

Inman

Analysis Data Markets & Economy Mortgage 15-year FRM 30-year fixed mortgage rate adjustable rate mortgage loan FHA loans Joel Kan jumbo mortgage loans mortgage bankers association mortgage loan application mortgage loan originators mortgage refinance refinance applications VA loans

Home price gains continue to climb in third quarter

Inman

A new report from Attom Data Solutions found that 77 percent of metros analyzed posted double-digit annual home price gains and 86 percent saw profit margins increase.

Mortgage applications drop 5.1%

Inman

The decline in loan application activity may be a result of rising coronavirus cases in many states, as well as the delay of a new government-issued stimulus package.

More homeowners are relying on forbearance to ride out the pandemic

Realty Biz

15, which means the total now stands at 2.787 million loans. The number of FHA and VA loans increased by 18,000 to 1.139 million, or around 9.4% loans. of Fannie Mae and Freddie Mac-backed loans have entered forbearance.

Q2 2020 National Delinquency Survey

Eye on Housing

states, Puerto Rico, and the District of Columbia experienced quarterly percentage increases in home loans past due, according to the seasonally adjusted Q2 2020 results of the Mortgage Bankers Association’s (MBA) Q2 2020 National Delinquency Survey.

Buoyed by Low Interest Rates, Conventional Loan Market Share Rises

Eye on Housing

Census Bureau reveals that conventional loans financed the most new home sales in a quarter since 2007. The share of sales backed by conventional loans in the third quarter was 71.8%–the largest share since Q4 2018, but well below the housing boom peak of 91.7% (Q4.

Loans 55

How big of a down payment do you really need?

Housing Wire

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. What type of loan: FHA loan. What type of loan: VA & USDA loan.

FHA mortgage qualifying gets tougher for the self-employed

The Mortgage Report

Due to coronavirus, there are new rules for self-employed home buyers who want to use FHA loans. Buying a home FHA Home Buying Mortgage NewsLearn about new lending rules here.

The differences between home and mortgage insurance

Housing Wire

If you’re using a home loan to buy a house, then you could have two types of insurance in your future, home insurance and mortgage insurance. Instead, these policies pay for the lender’s losses if you fall behind on your mortgage and fail to repay your loan.

FHA raises loan limit by nearly $25,000 for 2021

Housing Wire

Given massive year-over-year gains in home prices , the Federal Housing Administration (FHA) is increasing its 2021 loan limit in most of the U.S. to $356,362, an increase of nearly $25,000 over 2020’s loan limit of $331,760.

Loans 280

Can you buy a home with plans to rent on Airbnb?

Housing Wire

Conventional loans. A conventional loan is a smart way to finance an income-earning property. The differences between FHA, VA, and USDA mortgages. The loan also might come with a higher interest rate. FHA loans. Hard money loans.

Time to close on mortgages growing amid soaring volume

Housing Wire

FHA loans remained the same, holding steady at 3.01% in October. The number of closed loans increased 7.1% The number of conventional loans increased in October to 82% – up from 80% in September. Overall loan applications are down 9.3%

New home applications drop in November

Housing Wire

The average loan size of new homes increased from $355,684 in October to $357,554 in November, according to the survey. Conventional loans composed 71.8% of loan applications, FHA loans composed 16.8%, RHS/USDA loans composed 0.9 % and VA loans composed 10.4%.

The differences between FHA, VA, and USDA mortgages

Housing Wire

When you get a mortgage, there are several options you can choose from, including FHA, VA, USDA, and conventional mortgages. Here are your choices: FHA mortgages. FHA mortgages are insured by the Federal Housing Administration. VA loans. USDA loans.

What Are the Biggest Differences Between FHA and Conventional Loans?

HomeLight

If you’re a first-time homebuyer , you have a lot of decisions to make, including what type of loan to choose. You may have heard that FHA loans are good options for first-time homebuyers, but why is that? You can get an FHA loan with a lower credit score, for example.

Mortgage applications increase for second straight week

Housing Wire

Borrowers looking to refinance their VA and FHA loans contributed to another uptick in mortgage applications for the week ending Dec. Last week’s increase in refinance applications was driven by FHA and VA activity, while conventional refinances saw a slight decline.”