The Close

MAY 20, 2025

An investment property loan is any type of financing you use to buy or refinance a property that generates income, like a rental property (single-family home or a multifamily property) or a commercial property. million Interest rates: Starting at 6.5% million Interest rates: Starting at 6.5% million Interest rates: Starting at 6.5%

Loans

AAOA

JUNE 9, 2025

Meet a local lender to confirm what you can borrow with FHA, conventional, or commercial terms. Pick Your Lane: Residential or Commercial 2–4 units (residential) → House‑hack with 3.5 %‑down FHA loans and 30‑year fixed rates. Tighten weaknesses now so you can close decisively later.

FHA loan

Calculated Risk Real Estate

FEBRUARY 6, 2025

From the MBA: Mortgage Delinquencies Increase in the Fourth Quarter of 2024 The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.98 The percentage of loans on which foreclosure actions were started in the fourth quarter rose by 1 basis point to 0.15

VA loan

Redfin

JULY 31, 2025

State and local programs: Cities and states may offer down payment assistance, forgivable loans, or closing cost help. Federal loan options: Government-backed loans like FHA, VA, and USDA loans are popular among first-time buyers, offering flexible credit and down payment requirements. These require just 3.5%

Purchase and sale agreement

HomeLight

JULY 23, 2025

A good time to complete the State of South Carolina Residential Property Condition Disclosure Statement is before listing your home or requesting an offer. These are standards related to the overall condition of a property, which will play a role in the willingness and/or ability of a lender to finance a buyer’s loan.

As-is

Rochester Real Estate

NOVEMBER 5, 2015

It’s unfortunate, but not every prospective buyer is going to be able to qualify for a home loan. In the simplest terms the main difference is that a bank has its own lending criteria and offers loans by using its own funds. You have no control over who you loan gets sold to. In contrast, a mortgage broker is a middleman.

Finance

Redfin

MARCH 4, 2025

This ensures that the homes value is equal to or more than the mortgage loan amount. If the appraiser can’t get access to the property, it can delay the home loan process. Uniform Residential Appraisal Report (URAR): Shortened to URAR, this is the most common type of appraisal – and one lenders request.

FHA loan

Redfin

JULY 29, 2025

Limited financing: There are fewer loan types available for LLCs as they are not typically eligible for regular mortgages, like FHA loans or conventional loans. Personal guarantees: Lenders may require a personal guarantee, a commitment that you will repay the loan yourself if the LLC defaults.

FHA loan

HomeLight

APRIL 2, 2025

508D statute says, at 508D-4 and 508D-5 , that no one may sell residential real property without signing and dating a disclosure statement within the six months before or ten calendar days after accepting a prospective buyer’s real estate purchase offer. Hawaii Rev.

As-is

AAOA

FEBRUARY 6, 2025

Although many people consider a house up to 600 square feet to be a tiny home, the 2021 International Residential Code (IRC) Appendix AQ, stated that tiny houses are dwelling units measuring 400 square feet (37 m 2 ) or less in floor area, excluding lofts. Some tiny homes are actually found in trees.

Due diligence

Housing Wire

JUNE 17, 2025

According to HousingWire ’s Mortgage Rates Center , rates for 30-year conforming loans averaged 7% on Tuesday. This includes fixed residential investments like homebuilding and renovations, as well as housing services such as household utilities, rent and homeowners’ equivalent rent. According to the CME Group ’s FedWatch tool , 99.8%

Mortgages

Housing Wire

FEBRUARY 27, 2025

But more recent data from the Mortgage Bankers Association showed that delinquency rates on all mortgaged residential properties (less than five units) rose to nearly 4% last year. And delinquencies are growing much more quickly in the government lending segment as Federal Housing Administration (FHA) loans and U.S.

Mortgages

Marco Santarelli

MAY 20, 2025

For instance, will it be as easy to find information on FHA loans with downpayment assistance if they aren't Rocket's prime offerings? This is something to watch. Less Choice, Higher Prices? When big companies merge, there's always a risk that it reduces competition.

Mortgages

Housing Wire

NOVEMBER 13, 2024

Purchase loan demand drove the slight increase in the MBA’s Market Composite Index, which measures loan application volumes. Government lending activity was another bright spot in the report as applications for Federal Housing Administration (FHA) loans increased their share to 16%, up from 15.5% during the week.

FHA loan

Housing Wire

MAY 13, 2025

These include regulations tied to servicing , the Real Estate Settlement Procedures Act ( RESPA ) and loan officer compensation, among others. The CFPB will also no longer prioritize enforcement of Section 1071 small-business loan data collection requirements, a 2023 rule that has been challenged in court.

Mortgages

Housing Wire

DECEMBER 1, 2023

The latest baseline increase in conforming loan limits has enabled loan originator Dave Krichmar’s client to make a 5% down payment instead of 10%. The self-employed homebuyer found an $800,000 home in Texas, but with the conforming loan limit for 2023 being $726,200, the buyer needed a jumbo loan or a bank statement loan.

FHA loan

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Loans

Housing Wire

JUNE 3, 2022

Lakeview Loan Servicing unveiled a rare private-label securities offering this past March involving a pool of mostly delinquent mortgages serviced by the company. The loans in the offering were all originated through the Federal Housing Administration (FHA) and later securitized through Ginnie Mae. In total, 99.3%

Loans

Housing Wire

SEPTEMBER 25, 2024

Purchase loan applications saw more modest increases of 0.4% And the rate for Federal Housing Administration (FHA) loans dropped to 5.99%, “breaking the psychologically important 6% level,“ according Joel Kan, the MBA’s vice president and deputy chief economist. Rising home prices are reflected in larger loan sizes.

FHA loan

Housing Wire

OCTOBER 9, 2024

decline in purchase loan demand. Conventional loan refinances, which tend to have larger balances than government loans and hence are more responsive for a given change in mortgage rates, fell to a greater extent over the week.” 4, Federal Housing Administration (FHA) loans decreased by 40 bps and represented 16.2%

VA loan

Housing Wire

DECEMBER 15, 2020

“November new home sales activity, both mortgage applications and home sales, ran at a pace considerably ahead of 2019, showing the ongoing strong growth in housing demand and new residential construction,” Kan said. The average loan size of new homes increased from $355,684 in October to $357,554 in November, according to the survey.

VA loan

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.

FHA loan

Housing Wire

JULY 3, 2024

According to HousingWire ’s Mortgage Rates Center , the average rate for 30-year conventional loans was at 7.12% on Wednesday, up from 7.06% a week earlier, while the 15-year conventional rate rose from 6.70% to 6.96% during the same period. The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S.

VA loan

Housing Wire

APRIL 5, 2023

Mortgage rates declined last week as headlines on the bank crisis slowed, which could have spurred borrowers’ demand for home loans. retail residential mortgage applications. But the decline in demand for mortgage loans was more evident in the government market, which consists of Federal Housing Administration (FHA), U.S.

Loans

Housing Wire

JANUARY 3, 2024

“The housing market has been hampered by a limited supply of homes for sale, but the recent strength in new residential construction will continue to help ease inventory shortages in the months to come,” Kan added. The share of Federal Housing Administration (FHA) loan activity decreased to 14.5% from 15% the week prior.

Mortgages

Housing Wire

NOVEMBER 7, 2024

In second-quarter 2024, high home prices and soaring mortgage rates caused more homeowners to struggle with their loan payments. According to the MBA, the seasonally adjusted rate for residential property (one- to four-unit) delinquencies dropped to 3.92% at the end of September.

VA loan

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

FHA loan

Housing Wire

JANUARY 19, 2024

It also says it processes, underwrites and funds loans in-house. More than 50 mortgage loan officers were let go. Last year, half of the originated loans were conventional, followed by 35% of FHA loans and 14% of V.A. The company’s LinkedIn page says the company has between 51 and 200 employees.

Mortgages

Housing Wire

MARCH 6, 2024

Of note, purchase volume — particularly for FHA loans — was up strongly, again showing how sensitive the first-time homebuyer segment is to relatively small changes in the direction of rates. Meanwhile, rates on jumbo loans (balances greater than $766,550) increased to 7.21%, up from 7.20%. the week before. And the U.S.

Mortgages

Housing Wire

AUGUST 15, 2024

According to the Mortgage Bankers Association (MBA), the second-quarter 2024 delinquency rate for mortgages on one- to four-unit residential properties increased to 3.97% on a seasonally adjusted basis. Department of Veterans Affairs (VA) loans. Meanwhile, the July foreclosure report from Attom sends similar signals of rising distress.

Mortgages

Housing Wire

AUGUST 11, 2023

The seasonally-adjusted delinquency rate for one-to-four-unit residential properties stood at 3.37% in the second quarter of this year, down 27 basis points compared to the same period one year ago and 19 basis points quarter over quarter, the MBA reported.

FHA loan

Housing Wire

AUGUST 19, 2021

Delinquency rates for mortgage loans on one-to-four-unit residential properties shrank across the board to 5.47% in the second quarter, according to a Mortgage Bankers Association survey published this week. Compared to the previous quarter , the delinquency rate dropped 91 basis points and was down a whopping 275 bps from a year ago.

VA loan

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The fees are typically lower than in new loans, and no appraisal is needed. In fact, it was fairly common a few decades ago.

FHA loan

Housing Wire

AUGUST 7, 2024

Refinance applications picked up as mortgage rates fell last week, but purchase loan activity had only a small gain, according to data released Wednesday by the Mortgage Bankers Association (MBA). The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. 2 compared to the previous week.

VA loan

Housing Wire

JULY 17, 2024

on a seasonally adjusted basis during the week ending July 12, due mainly to borrowers taking advantage of a decline in rates to refinance their home loans, according to data released Wednesday by the Mortgage Bankers Association (MBA). In total, refinance loans accounted for 38.8% Mortgage applications increased 3.9%

Mortgages

Housing Wire

FEBRUARY 27, 2024

of the total) and purchase loans (93.5%), according to the mortgage tech platform Modex. Based in Las Vegas, Gatling has worked for companies such as Bank of America , MetLife Home Loans , Home Community Mortgage and Guild Mortgage , developing expertise in loans to underserved communities. were conventional loans and 30.5%

FHA loan

Housing Wire

AUGUST 14, 2024

But the industry is not yet out of the woods, said Todd Sheinin, the Maryland-based vice president of strategy and development at Primary Residential Mortgage Inc. “As It was through a phone call that Evenson found out that one of his clients was looking to refinance his existing 30-year mortgage into a 15-year loan.

Mortgages