Housing Wire

JUNE 10, 2025

Conversely, when the index declines, it means lending standards are tightening. Government loan supply increased by 2.9% According to Kan, this was mainly driven by more offerings of Federal Housing Administration (FHA) and U.S. in May to a reading of 105.1, indicating that lenders loosened credit supply.

VA loan 201

VA loan Mortgages Loans Lending 201

Housing Wire

OCTOBER 9, 2024

MBA data showed that government lending continues to represent a steady share of the mortgage market. 4, Federal Housing Administration (FHA) loans decreased by 40 bps and represented 16.2% Department of Veterans Affairs (VA) loans rose by 150 bps to account for 16.9% For the week ending Oct. of applications.

VA loan 424

VA loan Mortgages FHA loan Loans 424

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 458

VA loan Agents Seller concession FHA loan 458

Housing Wire

APRIL 10, 2023

This good news for homebuyers comes on top of FHA action in late February to cut the annual premium on FHA loans by 30 basis points, from 0.85% to 0.55%, saving most families around $800 starting last March 20. Mortgage loan fees should not be higher than needed to safely run government-backed lending.

Loans 397

Loans FHA loan Mortgages VA loan 397

Housing Wire

MARCH 11, 2024

Although lock counts were down on a year-over-year basis, the rate of decline is decelerating and suggests we may be nearing a floor for purchase lending in the current rate environment.” The index for Federal Housing Administration (FHA) loans rose 28 bps to 6.66%, while the U.S.

VA loan 450

VA loan FHA loan Loans Lending 450

Keeping Current Matters

MARCH 22, 2021

According to data from the most recent Origination Insight Report by Ellie Mae , the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage.

VA loan 326

VA loan FHA loan Mortgages Lending 326

Housing Wire

MARCH 29, 2024

The majority of consumer complaints in the mortgage arena (13,100, or 58%) were focused on conventional home loans, followed by Federal Housing Administration (FHA) loans (19%), U.S. Department of Veterans Affairs (VA) loans (9%) and home equity lines of credit, or HELOCs (6%). The penalties totaled $1.7

Mortgages 415

Mortgages VA loan FHA loan Lending 415

Housing Wire

FEBRUARY 7, 2023

of the balance of a loan being assumed would be fair to both the borrower and the servicer.” ” Other stakeholders want even higher fees so they can compensate loan officers. In a June 2022 letter, nonbank trade group Community Home Lending Association suggested increasing the lender fee to 2%, plus a $500 underwriting fee.

FHA loan 384

FHA loan Mortgages Loan Officer VA loan 384

Housing Wire

JUNE 5, 2024

Department of Veterans Affairs (VA) loan applications. The market is relying on first-time homebuyer demand, and many first-time buyers do use government lending programs,” he said. Fratantoni noted that government purchase volume was down less, aided by growth in U.S. The refinance share of mortgage activity decreased to 31.1%

VA loan 445

VA loan Mortgages Fixed-rate mortgage Loans 445

Housing Wire

MARCH 13, 2023

Rate and affordability pressures continue to challenge purchase lending, driving homebuyers to alternative loan products. ” The share of locks with adjustable rates rose in February to 10.3%, while nonconforming loans – consisting of 12.2% of the total loan product mix — picked up share.

Loans 370

Loans Mortgages VA loan FHA loan 370

Housing Wire

AUGUST 2, 2024

Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire on Friday. Indeed, one West Coast LO told HousingWire that he quoted a borrower a 5.75% rate on a 30-year FHA loan for a $500,000 Southern California home purchase.

Mortgages 504

Mortgages FHA loan Loans Loan Officer 504

Housing Wire

OCTOBER 27, 2020

Mortgage lending has gotten stricter during the COVID-19 pandemic. Both VA and USDA loans require zero down payment. To qualify for a VA loan, borrowers must be military members or veterans and meet certain service requirements. USDA loans, on the other hand, are options for rural homebuyers.

VA loan 397

VA loan FHA loan Loans Banks 397

Housing Wire

APRIL 4, 2022

The spectacular and historic spike in interest rates will hurt most homebuyers, but one group is especially vulnerable: FHA borrowers. Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD.

FHA loan 370

FHA loan Debt-to-income ratio Pre-approval Loan Officer 370

The Mortgage Report

JUNE 13, 2025

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? Verify your FHA loan eligibility.

FHA loan 40

FHA loan FHA 203k rehab loan Loans VA loan 40

Housing Wire

MARCH 5, 2024

trillion in FHA and VA loans. In other words, they don’t know that their FHA or VA loan can be attached to the home sale when they sell it. This includes ensuring the transaction adheres to consumer protection laws and fair lending practices, and a 45-day maximum for completing the approval process.

VA loan 441

VA loan Mortgages Loans Agents 441

Housing Wire

OCTOBER 11, 2024

Lending volumes remained relatively steady over the past year, which the firm tied to “continued high interest rates.” “The stability in the volumes of loans as well as the types of transactions over the last two years is reflected in the relatively steadiness of the aggregated National Mortgage Fraud Index.

Mortgages 508

Mortgages Sales Loans Lending 508

Calculated Risk Real Estate

MAY 5, 2025

Press Release: ICE Mortgage Monitor: First-Time Homebuyers Comprise Record Share of Agency Purchase Lending in Q1 2025 Intercontinental Exchange, Inc. Notably, first-time homebuyers (FTHBs) accounted for a record share of agency purchase lending in Q1 2025 as higher interest rates continued to dampen repeat buyer participation in the market.

FHA loan 83

FHA loan Mortgages Lending Loans 83

The Mortgage Report

JUNE 10, 2025

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? Or you can’t get the type of loan you want.

FHA 203k rehab loan 58

FHA 203k rehab loan VA loan FHA loan Pre-qualification 58

Housing Wire

NOVEMBER 27, 2024

wholesale lender United Wholesale Mortgage (UWM) has taken another aggressive move related to its product set, underscoring its strong commitment to government-backed loans. On Wednesday, the company announced the removal of all loan-level pricing adjustments (LLPAs) on government loans, albeit with some limitations.

Loans 397

Loans Finance Mortgages VA loan 397

Housing Wire

MAY 19, 2025

Adjustable-rate mortgages ( ARMs ) have grown in popularity in recent months as borrowers search for affordability relief anywhere they can find it.

Loans 311

Loans Mortgages Banks Finance 311

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.

FHA loan 111

FHA loan Loans Pre-approval Pre-qualification 111

Housing Wire

MAY 31, 2022

Mortgage lender Planet Home Lending has a new team in Portland, Oregon, where it will focus on borrowers looking to work with homebuilders. The firm also said its personal digital mortgage assistance program, Skymore by Planet Home Lending, will allow consumers to apply for a home loan via their mobile device.

Mortgages 384

Mortgages Loans Lending Construction 384

Housing Wire

JUNE 12, 2023

Overall, May was an improvement over April, but mortgage lending remains constrained. While rate locks on purchase loans rose from April, they also dipped to their lowest level yet relative to 2018 and 2019 averages as rates rose late in the month,” Andy Walden , vice president of enterprise research at Black Knight, said.

Loans 421

Loans Mortgages Lending As-is 421

Realty Biz

APRIL 5, 2022

However, FHA and VA loans are the only two mortgage loan programs that allow borrowers during Chapter 13 Bankruptcy to be eligible for a home mortgage. FHA and VA guidelines during Chapter 13 Bankruptcy is almost the same. HA and/or VA Mortgage During Chapter 13 Bankruptcy Repayment Plan.

Bankruptcy 120

Bankruptcy Debt-to-income ratio VA loan FHA loan 120

The Close

MAY 20, 2025

Loan terms: 15-30 year fixed rate Time to funding: Within 60 days Minimum credit score: 620 Visit Pennymac Conventional commercial mortgage loans SBA 504 SBA 7(a) SBA microloans Business loans and lines of credit Commercial mortgage loan terms: Loan amount: $250,000-$5 million Interest rates: As low as 4.5%

Loans 52

Loans FHA loan Commercial VA loan 52

Rent, Buy & Sell

FEBRUARY 7, 2021

As such, if your credit score is below 500 you should probably work on rebuilding your credit score first, because even with alternative lending options this score may be too low to finance a home. FHA loans can also be obtained by people who have a bankruptcy or foreclosure on their record. There are some drawback to VA loans.

Loans 98

Loans VA loan FHA loan Hard money loan 98

Housing Wire

OCTOBER 24, 2022

Ginnie serves as the government-backed securitization pipeline for loans insured by government agencies that provide loan-level mortgage-insurance coverage through their lending programs. Unlike Fannie and Freddie, however, Ginnie does not purchase loans. Department of Veterans Affairs (VA).

Principal 314

Principal Banks Loans Mortgages 314

Housing Wire

JULY 12, 2023

Purchase loans continue to claim a larger share of a shrinking origination pipeline, as refinance opportunities remain scarce. Indeed, we saw the purchase lending share of June’s locks hit another all-time high. Refi share of lock volume dipped to 11.6%, a new low for this cycle.

Marketing 368

Marketing Loans Lending Mortgages 368

HomeLight

NOVEMBER 20, 2023

Instead of securing a new mortgage with higher rates, a buyer can assume the home seller’s existing interest rate, principal balance, repayment period, and other terms of the lending agreement. “A A qualified buyer must meet standard FHA loan requirements, such as a minimum credit score of 580 and a 3.5% down payment.

FHA loan 115

FHA loan Mortgages VA loan Loans 115

The Mortgage Report

JUNE 9, 2025

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? How Much Home Can I Afford? Time to make a move?

FHA 203k rehab loan 40

FHA 203k rehab loan FHA loan VA loan Pre-approval 40

Rochester Real Estate

NOVEMBER 5, 2015

In the simplest terms the main difference is that a bank has its own lending criteria and offers loans by using its own funds. While this type of loan is a good option for many real estate consumers, I believe there are several quirks all buyers should know about and understand if they are considering an FHA loan.

Finance 52

Finance Mortgages VA loan Pre-approval 52

Point2Homes

JULY 5, 2021

This type of loan is made available through private lending institutions, such as banks and mortgage companies. The minimum credit score required for a conventional loan is typically 620. An FHA mortgage is a loan backed by the Federal Housing Administration, provided through an FHA-approved lender.

FHA loan 103

FHA loan Mortgages Debt-to-income ratio VA loan 103

HomeLight

OCTOBER 15, 2020

But that same lender can’t issue a conforming loan to a buyer with a 540 credit score, as that’s lower than the minimum Fannie and Freddie requirement. When the economy is shaky or lending becomes riskier, lenders can tighten their requirements , and it can be harder to get a conforming loan. Pros of a conventional loan.

Loans 98

Loans Debt-to-income ratio FHA loan VA loan 98

RIS Media

DECEMBER 19, 2020

Here’s some information that can help you to figure out how and when to apply for a loan this year: Pay Attention to Falling Rates. One of the best ways to figure out when to apply for home loans is to keep track of the interest rates set by the Federal Reserve.

Loans 106

Loans Pre-qualification Pre-approval VA loan 106

Redfin

OCTOBER 27, 2020

A mortgage that requires $0 down, VA loans are a competitive and affordable way for veterans laying down roots to save. VA loans are perfect for veteran first-time homebuyers who do not have enough money for a down payment. Funding fees are required with VA loans, which are not generally included in standard mortgages.

VA loan 66

VA loan FHA loan Closing costs Loans 66

Realty Biz

MARCH 28, 2023

Real estate investors often can’t find the same types of attractive home lending terms as those who are purchasing a residential home exclusively to live in. FHA Loans With backing from the Federal Housing Administration, an FHA loan has extremely low credit requirements and can be obtained for down payments as modest as 3.5

VA loan 77

VA loan FHA loan Debt-to-income ratio Finance 77

Housing Wire

MARCH 26, 2025

United Wholesale Mortgage (UWM) announced Wednesday that it is extending its removal of Loan Level Pricing Adjustments (LLPAs) on government loans for borrowers with a FICO score of 600 and above. The program applies to Federal Housing Administration (FHA), U.S. Department of Veterans Affairs (VA) and U.S.

Loans 178

Loans Mortgages Finance VA loan 178