Maximum Exposure Real Estate

MARCH 27, 2023

What Are Potential Problems With FHA Buyers For Home Sellers Are you wondering whether to accept an offer from a buyer with an FHA loan? Have you heard that FHA loans could be a potential pitfall for a seller?

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Realty Biz

DECEMBER 29, 2021

Among the many mortgage options buyers have, the FHA loan is one of the most popular. Read on for a complete rundown of what an FHA loan is, how you qualify for one, and how an FHA loan compares to a conventional home loan. What Is an FHA loan? An FHA loan can be for up to 96.5%

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FHA loan Loans Mortgages Bankruptcy 113

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based based think tank Urban Institute to hear their takes. So it’s kind of a mixed message,” he explained.

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Maximum Exposure Real Estate

MARCH 13, 2023

What is an FHA Loan? Are you wondering what an FHA loan is and how they work? Over my thirty-seven years as a real estate agent, many clients have asked me about FHA loans and whether they would be a good mortgage choice. FHA mortgage loans are a staple for many homebuyers.

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Housing Wire

SEPTEMBER 14, 2023

Black/African-American buyers who have not been approved for a loan are more likely than other racial or ethnic groups to have been denied due to low credit scores, at 32% versus 17% or less for the other racial and ethnic groups. First time buyers (54%) are more than twice as likely as repeat buyers (22%) to consider an FHA loan.

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FHA loan Loans VA loan Mortgages 445

HomeLight

JUNE 16, 2023

If you’re selling to a buyer backed by an FHA loan , your home must clear an FHA appraisal for the loan to close. The FHA appraisal determines a property’s market value and ensures that the property meets the U.S. By contrast, most conventional loans require a credit score of 620 or above.

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Maximum Exposure Real Estate

MARCH 23, 2023

The FHA 203K Loan Explained Over my years as a real estate agent, several home buyers have asked me about buying and fixing a house with one loan. The best method for doing so is an FHA 203k loan. 203k FHA loans are also referred to as FHA construction loans.

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Housing Wire

AUGUST 11, 2023

In addition, FHA delinquencies rose 10 basis points compared to the year-earlier period, and on a non-seasonally adjusted basis, rose 13 basis points year over year and 71 basis points from the first quarter of 2023. “As

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Mortgages FHA loan Loans Residential 370

Housing Wire

SEPTEMBER 20, 2023

Last week, purchase applications increased for both conventional and FHA loans but remained 26% lower than the same week a year ago. For the week that ended Sept. 15, mortgage applications rose 5.4% from the prior week , according to data from the Mortgage Bankers Association.

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Mortgages Fixed-rate mortgage FHA loan Loans 445

Housing Wire

MARCH 29, 2022

Origination volume for FHA -insured loans increased by 3% in 2021, growing from $324 billion in 2020 to $332.24 billion worth of FHA loans, while wholesale lenders originated $57.64 The top FHA mortgage originator by volume was Freedom Mortgage Corp. billion worth of loans, a 16% decline from 2020.

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FHA loan Mortgages Loans Residential 383

The Mortgage Report

AUGUST 20, 2020

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.

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FHA loan Loans Mortgages 126

Housing Wire

MARCH 22, 2023

The less competitive market has also resulted in more buyers using FHA and VA loans. In January, 16% of mortgaged home sales used an FHA loan , up from 13.3% a year ago, while the share of mortgaged sales using VA loans rose to 7.5% Detroit saw the highest share of FHA loans at 29.5% a year prior.

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FHA loan VA loan Mortgages Loans 416

The Mortgage Report

MARCH 14, 2022

Compare FHA loans with 3.5% down vs. conventional loans with 3% down. Rates, requirements, credit score, eligibility, and benefits.

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FHA loan Loans Mortgages 111

The Mortgage Report

NOVEMBER 4, 2021

FHA loan requirements are more lenient than most other loan programs. That means you can buy or refinance a house more easily. Here's how.

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FHA loan Loans Mortgages 122

The Mortgage Report

DECEMBER 28, 2021

How much money do you need to get an FHA loan? That will depend on several factors. But this article will give you a rough idea.

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Housing Wire

SEPTEMBER 22, 2023

Kim: I notice a lot of independent mortgage banks roll out down payment assistance (DPA) programs for conventional loans. DPA programs were predominantly for FHA loans. What are the pros and cons of IMBs rolling out DPA programs for conventional loans? Kim: DPA programs offered with FHA loans come with higher rates.

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Housing Wire

SEPTEMBER 14, 2023

By product type, conventional loans made up 65.8% of loan applications. Meanwhile, FHA loans comprised 23.8% of total loan applications while VA loans were 10.2%. The average loan size for new homes increased to $398,092 in August from $397,148 in July. from 56,000 new home sales in July.

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The Mortgage Report

MARCH 17, 2021

Learn how to apply for an FHA loan and get approved. This guide covers the FHA loan application process, required documents, and guidelines to qualify.

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The Mortgage Report

DECEMBER 27, 2021

Learn about FHA loan requirements, and get tips from a mortgage expert on how to qualify for the FHA program.

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Housing Wire

AUGUST 15, 2023

Conventional loans made up for the majority of loan applications By product type, conventional loans made up 65.3% of loan applications. Meanwhile, FHA loans composed 24.2% of total loan applications while RHS/USDA loans composed 0.3% and VA loans composed 10.2%.

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Housing Wire

APRIL 10, 2023

After four years of Congress hiking Veterans Administration (VA) so-called “Bluewater Navy” mortgage loan fees as an offset to pay for other critical veterans’ benefits, Congress has finally let those excessive VA mortgage loan fees expire.

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HomeLight

FEBRUARY 12, 2021

You’ve just received the first offer on your home — and it’s backed by an FHA loan. So what do you need to know about FHA loans as a seller? Today, FHA loans represent a fair share of the mortgage market; in 2018, the FHA insured 12.1% FHA loans help make homeownership more accessible.

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The Mortgage Report

DECEMBER 9, 2020

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. Limits start at $350K.

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RISMedia

DECEMBER 10, 2021

The FHA is now a go-to-place for moderate-to-low income workers with good credit histories. The post How to Get Approved for an FHA Loan appeared first on RISMedia's Housecall. A home is a long-term investment, however, when […].

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HomeLight

AUGUST 31, 2021

The FHA backing lets lenders offer easier credit terms than non-FHA loans. FHA loans are especially important for first-time buyers. In 2020, only about 10% of all home loans were FHA-backed, according to the agency’s annual report. But more than 80% of those FHA borrowers were first-time homebuyers.

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Housing Wire

AUGUST 31, 2023

In the mortgage lending business, Mars Bank offers 30-year fixed conventional, FHA loans, a medical professionals mortgage program, construction loans, home equity loans and Home Equity Line of Credits ( HELOCs ), according to its website. Mars Bank held $520.8 million in assets as of June 30, 2023.

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Banks FHA loan Mortgages Loans 386

The Mortgage Report

JANUARY 20, 2022

Explore benefits of the FHA loan for first-time home buyers, including low down payments and flexible loan requirements.

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Housing Wire

JUNE 1, 2022

The Community Home Lenders Association (CHLA), backed by 41 IMBs, sent a letter urging the FHA to streamline its servicing guidelines, increase permissible lender fees for executing an assumption of an FHA loan, and make changes to FHA’s condo rules.

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Housing Wire

FEBRUARY 7, 2023

. “The little that I’ve dabbled in assumable loans, they are very difficult to maneuver,” Rochelle Gano, a Vancouver, Washington-based loan officer at Movement Mortgage , told HousingWire. Gano added that FHA loans seem “a little more workable” than the VA and USDA options.

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Housing Wire

AUGUST 24, 2023

The national median mortgage payment for FHA loan applicants was $1,854 in July, up from $1,824 in June and up from $1,461 in July 2022. The national median mortgage payment for conventional loan applicants was $2,197, down from $2,205 in June and up from $1,892 in July 2022. Median earnings were up 3.7%

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Mortgages FHA loan Loans Sales 370

Housing Wire

APRIL 10, 2023

The Federal Housing Administration (FHA) loan share increased to more than 20% of the pipeline in March, up from 18% at the start of the year and 12% from a year ago. “A A cooling market lacking the multiple bids and all-cash offers of the recent past has made sellers more receptive to FHA offers. “A

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FHA loan Mortgages Marketing Loans 380

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

DECEMBER 27, 2022

That doesn’t mean, however, that all FHA borrowers will survive the downturn unscathed. But if you were to look out over the horizon and ask where there is an area of risk, this [FHA loans] would be one of them. A strong backstop for FHA loans. FHA’s recent annual report to Congress indicates that as of Sep.

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Housing Wire

APRIL 11, 2023

The Department of Housing and Urban Development (HUD) did not respond to HousingWire ’s request for comment on the spread of inaccurate information on the FHA’s 40-year loan modification decision prior to publishing. Another video from a TikTok user who claims to be a financial advisor states that HUD introduced a 40-year FHA mortgage.

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HomeLight

OCTOBER 11, 2021

You’re getting ready to start shopping for a house, and you’re pretty certain you want to go with an FHA loan. The Federal Housing Administration backs loans with less strict credit requirements and low down payment options to help families become homeowners. How much house can you afford if you’re getting an FHA loan?

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Housing Wire

DECEMBER 18, 2020

You may also be able to use an FHA loan to buy your home, but there are caveats. Since FHA loans are designed for primary residences only, you’ll need to live in the home for at least a year before renting it out. You will also need to move into the home within 60 days of closing on your loan). Hard money loans.

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FHA loan Hard money loan Loans Mortgages 475

Housing Wire

MAY 25, 2023

The company had 53 active loan officers and 30 branches, per the Modex data. According to its website, Colonial offered fixed-rate loans, Federal Housing Administration (FHA) loans, U.S. loans, adjustable rates, and home equity, among others. Department of Veteran Affairs (V.A.)

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