Housing Wire

SEPTEMBER 14, 2023

In a rate-rising environment where it has become more difficult for first-time buyers to get into the market, borrowers won’t have to deal with a file that has an MCR for six months. Demand for FHA loans have risen over the past year to comprise 23.8% The FHA/VA share in Q2 2023 stood at 22.9% to qualify for a FHA loan.

Loan Officer 375

Loan Officer FHA loan Loans Mortgages 375

Realtor.com

NOVEMBER 28, 2022

designer491/iStock FHA loans, which are insured by the Federal Housing Administration, help home buyers secure financing to buy a home despite their low income, lack of savings, or poor credit scores—the kind of things that often prevent people from getting a conventional loan. So it’s win-win all round!

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Realty Biz

DECEMBER 29, 2021

From finding the right agent to work with , to sorting through listings until you find your dream home, to figuring out innovative ways to keep your costs down , to outbidding all the other buyers in 2021’s red hot market, it’s easy to overlook one of the most important (and most nerve-wracking) aspects of buying a home — the financing.

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FHA loan Loans Bankruptcy Mortgages 116

Housing Wire

NOVEMBER 17, 2023

CBC Mortgage Agency — a federally chartered housing finance agency — is reducing interest rates on repayable second mortgages used for its down payment assistance (DPA) program. CBC Mortgage Agency is the provider of Chenoa Fund, a national DPA program that comes in a repayable and forgivable option.

Mortgages 394

Mortgages FHA loan Finance Loans 394

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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FHA loan VA loan Mortgages Loans 434

Housing Wire

JUNE 1, 2023

The Federal Housing Finance Agency (FHFA) officially implemented an updated pricing framework for Loan-Level Price Adjustments (LLPAs) in May to improve homeownership prospects for first-time homebuyers with lower income and weaker credit scores. We spoke to multiple loan officers and Washington, D.C.-based

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FHA loan Loan Officer Loans Mortgages 351

Housing Wire

APRIL 3, 2024

The first is a contention that large swaths of first-time homebuyers, who already face major challenges to enter the housing market, will not be able to meet higher down payment thresholds necessary to pay the buyer’s agent commission when using FHA financing. “We

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FHA loan Finance Loans Agents 393

Housing Wire

FEBRUARY 15, 2024

They’re using a DPA program through the New Jersey Housing and Mortgage Finance Agency (NJHMFA). They made good money, but with student loans and car payments, they didn’t have the money for the down payment and closing costs,” Saller said. The DPA share in FHA’s total book of business, including refinances, was 27% as of October 2023.

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FHA loan Loans Closing costs Loan Officer 450

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 455

VA loan Agents Seller concession FHA loan 455

Housing Wire

OCTOBER 25, 2023

“These higher mortgage rates are keeping prospective homebuyers out of the market and continue to suppress refinance activity.” The share of Federal Housing Administration (FHA) loan activity inched up to 15.2% Rates have now risen for seven consecutive weeks, amounting to a 69 basis points increase, Kan added. from 14.8%

Mortgages 421

Mortgages VA loan FHA loan Loans 421

Housing Wire

FEBRUARY 1, 2023

High interest rates, coupled with a still-low supply of housing, have created price hurtles that are keeping many first-time homebuyers and lower-income borrowers locked out of the housing market. In terms of acceptance in the secondary market of these TRBLs, which is key to ensuring lender liquidity, the jury is still out.

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Housing Wire

DECEMBER 3, 2023

Mortgage originations Purchase lending dominated the market overall, driving 86% of all first-lien lending in the third quarter. In 2024, roughly 75% of originations expected to come from purchase loans. for FHA loans and 44.5% for VA loans. Borrowers withdrew a record $104,000 on average.

Equity 434

Equity VA loan FHA loan Mortgages 434

Housing Wire

JANUARY 10, 2024

4, according to Freddie Mac ’s Primary Mortgage Market Survey. The share of Federal Housing Administration (FHA) loan activity decreased to 14.4% The share of Department of Veterans Affairs (VA) loan activity was 16.3%, up from 14.6% Mortgage applications increased 9.9% for the week ending Jan. from 14.5% the week prior.

Mortgages 484

Mortgages VA loan FHA loan Loans 484

Housing Wire

MARCH 25, 2021

Private mortgage insurance helped over 2 million low downpayment borrowers secure mortgage financing in 2020, a 53% increase from 2019, according to data from the government sponsored entities. housing market, as well as the need to increase access to affordable mortgage options.” The result was approximately $1.3

Industrial 544

Industrial Mortgages FHA loan Finance 544

Housing Wire

DECEMBER 18, 2020

Here’s what you need to know about financing that purchase. Conventional loans. A conventional loan is a smart way to finance an income-earning property. The differences between FHA, VA, and USDA mortgages. A homebuyer’s guide to a competitive housing market. Hard money loans.

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FHA loan Hard money loan Loans Finance 466

Housing Wire

MARCH 12, 2024

“While rising interest rates affected all homebuyers, this impact was more pronounced among Hispanic households, many of whom are first-time buyers with lower median incomes and who live in higher priced markets,” according to NAHREP. But last year I had co-borrowers where the dad was jumping in, the mom jumping in.

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FHA loan Loans Finance Lending 456

Housing Wire

FEBRUARY 15, 2024

VA loans are 12% of the mortgage market,” Garg said. “So, So, we are hoping that we can get to the industry average, at least having 10% of our volume to be VA loans in 2024.” Better has a small team of employees dedicated to VA loans, which Garg said will grow in correspondence to the company’s market share in the segment.

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VA loan Loans Loan Officer FHA loan 358

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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FHA loan Loans Pre-approval Pre-qualification 109

Housing Wire

NOVEMBER 22, 2023

Total home loan applications increased 3% for the week ending Nov. Mortgage rates for the 30-year fixed loan averaged 7.44%, falling 6 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey. The average loan size on a purchase application was $403,600, the lowest since January 2023.

VA loan 465

VA loan FHA loan Mortgages Loans 465

Housing Wire

AUGUST 11, 2023

Buoyed by a resilient job market, homeowners are continuing to make their mortgage payments,” Marina Walsh, the MBA’s vice president of industry analysis, said in a statement. As the economy slows and [the] labor market cools, homeowners with FHA loans are likely to feel the distress first,” said Walsh.

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FHA loan Mortgages Loans Residential 370

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. ” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. What is a Turnkey Rental Property?

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Finance FHA loan Investor Loans 96

Housing Wire

DECEMBER 20, 2023

Total home loan applications decreased by 1.5% The share of Federal Housing Administration (FHA) loan activity decreased to 15.5%, down from 16.1% The share of Department of Veterans Affairs (VA) loan activity was 15.6%, up from 14.2% for the week ending Dec. the week prior.

Mortgages 380

Mortgages VA loan FHA loan Loans 380

Housing Wire

MARCH 15, 2024

Meanwhile, trade groups representing lenders believe that more details on the settlement are needed to understand its coming impact on the housing market. And under existing FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points.

Industrial 504

Industrial Seller concession Purchase and sale agreement Agents 504

Real Trends

NOVEMBER 11, 2022

Today’s turbulent housing market means challenges for both buyers and sellers. Real estate professionals navigating housing in 2022 and beyond need to know their way around all the financing options available. Alternative financing options are also key for homeowners who don’t want to sell. USDA loans. 2-1 buydowns.

Finance 106

Finance VA loan FHA loan Agents 106

Realty Biz

SEPTEMBER 30, 2023

By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation. Let's delve deeper into these topics to guide you towards an affordable home financing solution. Can you buy a house with bad credit?

Finance 113

Finance Debt-to-income ratio FHA loan Mortgages 113

Housing Wire

NOVEMBER 15, 2023

Total home loan applications increased 2.8% The 30-year, fixed mortgage rate averaged 7.5%, falling 26 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey. The share of Federal Housing Administration (FHA) loan activity decreased to 14.4% for the week ending Nov. the previous week.

VA loan 417

VA loan FHA loan Mortgages Loans 417

Housing Wire

NOVEMBER 1, 2023

27, total home loan applications fell 2.1% The impact of higher rates continued to be felt across both purchase and refinance markets,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. The share of Federal Housing Administration (FHA) loan activity was 14.7%, down from 15.2% the week prior.

Mortgages 405

Mortgages VA loan FHA loan Loans 405

Housing Wire

OCTOBER 18, 2023

The share of Federal Housing Administration (FHA) loan activity inched up to 14.8% The share of Department of Veterans Affairs (VA) loan activity was 10.7%, up from 10.2% the week prior while the share of Department of Agriculture (USDA) loan activity held steady at 0.5%. of total applications, down from 31.6%

Mortgages 445

Mortgages VA loan FHA loan Loans 445

Housing Wire

NOVEMBER 28, 2023

The Federal Housing Administration (FHA) is increasing the “floor” and “ceiling” FHA loan limits in 2024 to $498,257 and $1,149,825, respectively, the FHA announced Tuesday. The new FHA loan limits apply to forward mortgages for a one-unit property and take effect on Jan.

FHA loan 478

FHA loan Loans Finance Lending 478

Housing Wire

MAY 12, 2021

Williams, the broker-owner of We Save Loans , said her client has all but given up on buying an existing home with VA financing. Homebuilders, Williams said, are more concerned with the overall investment, and don’t have the same prejudices toward and misconceptions about VA financing that individuals do. Already a member?

Loans 430

Loans FHA loan Mortgages Construction 430

HomeLight

NOVEMBER 6, 2023

Assuming a mortgage allows you to step into the shoes of the seller and take over their loan, often at a lower interest rate. It’s a unique approach that can make your dream of owning a home in today’s complex, high-priced housing market more attainable. Get Started What is an assumable mortgage?

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FHA loan VA loan Mortgages Marketing 105

Housing Wire

SEPTEMBER 20, 2023

In the week leading up to the Federal Open Market Committee meeting, mortgage applications finally ticked up. 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% the previous week.

Fixed-rate mortgage 420

Fixed-rate mortgage Mortgages FHA loan Loans 420

Eye on Housing

JULY 27, 2022

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that the four-quarter moving average (MA) share of new home sales financed through FHA was 11.0% Conventional loans financed 74.8% in Q2 2022–its smallest share since early 2008.

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FHA loan Loans Sales Finance 103

Housing Wire

NOVEMBER 21, 2022

Homeowners with the Federal Housing Administration -insured mortgage financing will now be allowed to obtain private flood insurance policies, expanding consumer options to protect borrowers from the country’s major natural disaster. .

FHA loan 363

FHA loan Mortgages Loans Lending 363

Housing Wire

SEPTEMBER 27, 2022

“We regularly review and adjust staffing levels to align with market conditions and the needs of our businesses,” a spokesperson said. The lender’s guide to surviving this mortgage market. Amid a mortgage market is projected to shrink nearly in half in 2023, Wells Fargo is planning to reduce its presence in mortgage.

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FHA loan Lending Banks Finance 360

Housing Wire

DECEMBER 15, 2021

The overall market composite index dipped 30.9% For jumbo mortgage loans (greater than $548,250), rates decreased to 3.32% from 3.33% the week prior. Regarding the purchase market , Kan said mortgage applications increased slightly because a 1.7% decline in applications for government loans. from the week prior.

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VA loan FHA loan Fixed-rate mortgage Loans 400

Housing Wire

OCTOBER 19, 2023

By doing a cash-out refi, she landed a $340,000 FHA loan and locked in a 6.9% We are paying off her current mortgage balance of $280,000 while maintaining more than $200,000 in home equity,” said Anderson, who runs the mortgage broker shop Rancho Capital Home Loans. Credit scores for FHA loan borrowers could go down even lower.

Mortgages 479

Mortgages FHA loan Equity Loans 479