Calculated Risk Real Estate

FEBRUARY 8, 2024

From the MBA: Mortgage Delinquencies Increase in the Fourth Quarter of 2023 The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.88 Of particular note, FHA delinquencies were up 131 basis points. The FHA delinquency rate increased 131 basis points to 10.81

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FHA loan Mortgages VA loan Loans 72

RIS Media

MAY 9, 2022

The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.11% of all loans outstanding at the end of the first quarter of 2022, according to the latest Mortgage Bankers Association’s (MBA) National Delinquency Survey, released last week. percent dating back to 1979.

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FHA loan VA loan Mortgages Loans 105

Realty Biz

SEPTEMBER 24, 2022

Military borrowers looking to buy or refinance a home might want to consider a VA loan. Department of Veterans Affairs (VA), this loan option can make buying a home easier for those who might otherwise struggle to afford a mortgage. If you’re a current or former service member, here’s everything you need to know about VA loans.

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VA loan Loans FHA loan Mortgages 65

Housing Wire

OCTOBER 21, 2020

Walsh said that as more loans fall into the seriously delinquent bucket, servicer costs could rise. And while delinquencies hit all-time highs over 2020, Walsh explained the forbearance options kept foreclosures low and could continue to help borrowers into 2021.

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Mortgages FHA loan Fixed-rate mortgage Loans 404

HomeLight

AUGUST 16, 2021

First-time homebuyer loans can help make it easier on first-time homebuyers , offering access to special mortgage programs with low down payments. With this expert-backed guide, we’re here to help: Here’s how to apply for a first time home buyers loan in eight manageable steps. You can qualify for loans with as little as 3.5%

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Loans VA loan FHA loan Purchase and sale agreement 97

Marco Santarelli

APRIL 20, 2024

This suggests an increase in the pace of new delinquencies, as well as existing loans transitioning into later delinquency stages. The report further highlights a rise in delinquencies across various loan types: Conventional Mortgages: Delinquency rates for these loans rose slightly, from 2.5% between Q3 and Q4 2023.

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Mortgages VA loan Marketing FHA loan 52

RIS Media

NOVEMBER 30, 2020

If your clients have decided to move or buy for the first time, look at a variety of houses in different stages of completeness. Can You Get a Home Loan on a House That Needs Work? Most lenders will decline their loan unless they use a licensed builder to repair or renovate their property.

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Renovation FHA loan Loans Equity 105

Point2Homes

JULY 29, 2021

The final stage in closing on a home involves all of the paperwork: You’ll need to sign disclosures, disclaimers, and contracts before ownership of the home is transferred to you and you get the keys. In 2021, closing times have stretched to 51 days for conventional loans. And, refinancing tends to take even longer.

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Closing VA loan FHA loan Loans 141

RIS Media

OCTOBER 29, 2020

The amount you need will depend on the lender and the type of loan you choose. A lot hinges on your credit score as it determines the mortgage you will be offered and the interest rate you will have to pay for the loan. Conventional Loans. The Federal Housing Administration (FHA) backs the FHA loans program.

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Pre-approval FHA loan Inspection Closing costs 140

Realty Biz

SEPTEMBER 15, 2023

Others don’t want to spend more time and effort preparing their homes, which involves making repairs, upgrades, and staging before sale. Cash buyers are welcome anywhere, unlike some types of mortgages , especially USDA and FHA loans, which restrict buyers from going for properties in certain locations or conditions.

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Proof of funds FHA loan Investor Finance 92

McKissock

NOVEMBER 10, 2020

VA and FHA loans. Getting more clients. Pricing strategy. Virtual open houses and videos. Professional designations. How to join organizations. Working with veterans. Mortgage basics. 1031 exchange. Legal protections. Data security. Real estate ethics. Adjustments. Appraisal issues. Do you agree? Let us know on our Facebook page.

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FHA loan Property Management Agents Commercial 69

HomeLight

SEPTEMBER 30, 2020

That’s because we are all in different stages of life with unique factors to juggle, such as: Your age. Evaluate your home loan options and your down payment. How much you need for the home purchase can greatly depend on the type of loan you get. For example, an FHA loan only requires a 3.5% down payment.

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FHA loan Loans VA loan Mortgages 98

Redfin

JUNE 29, 2023

Along with prioritizing your finances to help secure a favorable mortgage loan with competitive interest rates and terms. Various programs are available for first-time homebuyers in Michigan, including the MI Home Loan , which can assist with up to $7,500 in down payment assistance. On average, homeowners will spend around $5,714.

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Pre-approval Purchase and sale agreement FHA loan Closing costs 52

Point2Homes

JULY 29, 2021

The final stage in closing on a home involves all of the paperwork: You’ll need to sign disclosures, disclaimers, and contracts before ownership of the home is transferred to you and you get the keys. In 2021, closing times have stretched to 51 days for conventional loans. And, refinancing tends to take even longer.

Closing 52

Closing VA loan FHA loan Loans 52

HomeLight

DECEMBER 1, 2020

While this certainly bodes well for those looking to list their homes, Clark warns sellers to proceed with caution, as rising prices can rule out first-time buyers in need of options like down payment assistance or FHA loans. If you have FHA as your audience — and that’s kind of how we focus our efforts — conditions matter. “If

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Staging Inspection FHA loan Agents 78

HomeLight

OCTOBER 29, 2021

Gleason also says that it’s absolutely okay to speak with a real estate agent in these early stages, too — even if you think it might be too soon. “If Step 2: Understand your loan options. The discussion with your mortgage lender should include details on the types of loans you’re likely to qualify for. down for a FHA loan.

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Loans FHA loan Pre-approval Closing costs 88

Windemere Buying

OCTOBER 18, 2021

Not getting pre-approved Getting pre-approved is a key component of the early stages of the buying process and will help to maximize your chances of getting your offer accepted. Taking on new credit Opening new lines of credit at any point in the home buying process will slow things down and can affect your chances of getting a home loan.

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Pre-approval Pre-qualification Debt-to-income ratio Inspection 52

HomeLight

JANUARY 12, 2022

But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. Broken down by type of loan, you can expect the following: .

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Closing Purchase and sale agreement Pre-approval Inspection 111

HomeLight

AUGUST 16, 2021

While you’re in the preparation stages of buying a home, it’s a good idea to spend some time in the neighborhoods you might end up in. Speaking of credit and qualifying for home loans, it’s ultra-important to start thinking about your home budget sooner rather than later. Weigh your loan options. Do some neighborhood testing.

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Closing costs Purchase and sale agreement Inspection Loans 104

HomeLight

SEPTEMBER 1, 2020

If the former homeowner defaulted on an FHA loan, the home may become inventory for various HUD programs, including the Good Neighbor Next Door program. If your offer is accepted, you start the process of inspections, title checks, and negotiations while securing a mortgage loan and signing the papers when it’s all said and done.

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Banks Inspection contingency Inspection FHA loan 78

Housing Wire

DECEMBER 29, 2022

People who buy homes late in an expansion and lose their jobs with no selling equity will likely lead to a foreclosure, most likely those with FHA loans. It’s just the fact that, as a country, we originated a lot more loans during COVID-19 due to the massive wave of refinancing. The question now is, what about 2023? .

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Marketing Bankruptcy Sales FHA loan 546

Redfin

JUNE 14, 2023

Through pre-approval, a lender thoroughly assesses your financial situation, including income, credit history , and debt-to-income ratio, to determine the maximum loan amount they are willing to lend you. The specific down payment required will depend on various factors, including the type of mortgage loan and your credit score.

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Pre-approval Debt-to-income ratio Closing costs Title 57

Realty Biz

DECEMBER 10, 2020

How to Get Preapproved For a Loan. When you actually try to get approval for a loan, you might find you don’t get the amount you anticipate if you have only been prequalified. If there are problems like cracked windows or a roof that needs repair, there can be problems with some loan types. What is Preapproval for a Mortgage?

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Loans Mortgages Pre-approval Pre-qualification 144

Housing Wire

FEBRUARY 16, 2021

“The share of loans in forbearance declined to the lowest level since April 5th of last year, due to decreases in both the GSE and Ginnie Mae portfolios,” said MBA Vice President and Chief Economist Mike Fratantoni. According to the MBA, Fannie Mae and Freddie Mac loans in forbearance decreased six basis points to 3.01%.

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FHA loan Loans Mortgages Staging 433

HomeLight

APRIL 11, 2024

Be aware of minimum property standards for certain loans When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan. They’re concerned about finding a buyer willing to purchase their home “as is” in its current state.

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As-is Inspection Finance Investor 90

HomeLight

JUNE 13, 2022

One of the biggest reasons why some people choose to rent-to-own a house is because they need time to build or improve their credit scores before they can qualify for a mortgage loan. If you just moved to the country, or you just entered the workforce, then you might not have a deep enough work history to qualify for a mortgage loan.

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Purchase and sale agreement Loans Inspection Closing costs 109

RIS Media

JANUARY 3, 2021

There are numerous loan programs available for first-time homebuyers, which means you should familiarize yourself with the ones that are available in your area. Make sure you’re familiar with fixed-rate and adjustable-rate, VA loans and FHA loans because it’s likely that your client is unfamiliar with these programs.

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VA loan FHA loan Loans Staging 111

HomeLight

JUNE 15, 2023

After finding their dream home and signing the purchase contract , most buyers feel on top of the world … until they see the Loan Estimate or preliminary closing statement (if buying in cash). Origination fee This fee covers the lender’s administrative costs in processing the loan. What are all those charges?

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Closing costs Closing Title Inspection 87

HomeLight

JANUARY 22, 2024

Be aware of minimum property standards for certain loans When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan. They’re concerned about finding a buyer willing to purchase their home “as is” in its current state.

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As-is Inspection Finance Investor 97

HomeLight

APRIL 12, 2023

Real estate closing costs are expenses incurred by buyers and sellers during the final stages of a real estate transaction when the transfer of ownership is completed. Additional costs: Prepaid points (optional): Your lender may allow you to buy down the interest on your loan by paying prepaid points at closing. What are closing costs?

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Closing costs Closing Purchase and sale agreement Title search 80

HomeLight

JANUARY 29, 2021

Lenders set limits on seller concessions depending on the loan type, whether the home is a primary or secondary residence and the size of the down payment. For example, the Department of Housing and Urban Development caps seller concessions for FHA loans at 6% of the sale price. Mortgage pay off. Holding costs.

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Closing costs Closing Seller concession Title search 98

HomeLight

DECEMBER 29, 2023

Be aware of minimum property standards for certain loans When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan. They’re concerned about finding a buyer willing to purchase their home “as is” in its current state.

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As-is Inspection Finance Investor 93

HomeLight

DECEMBER 29, 2023

Be aware of minimum property standards for certain loans When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan. They’re concerned about finding a buyer willing to purchase their home “as is” in its current state.

As-is 88

As-is Inspection Finance Investor 88

HomeLight

DECEMBER 30, 2021

According to the National Association of Realtors® Research Group’s 2021 data , 64% of buyers have conventional loans, 16% have FHA loans and 14% received VA loans. described and compares to the values in the area,” explains top Los Angeles agent Keri White , who is also a home loan, title and escrow specialist.

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Loans Agents Inspection Closing 117

HomeLight

DECEMBER 27, 2021

To help you, we have compiled a checklist of effective home preparation and staging tips based on research and expert advice from Chris Pappalardo , ranked in the top 2% of agents in Greensboro, North Carolina, and Edward Kaminsky , who works with 66% more single-family homes than the average Manhattan Beach, California, agent.

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Pre-approval Inspection Staging Renovation 113

HomeLight

OCTOBER 27, 2021

A home is in preforeclosure when the owner has stopped making mortgage payments for several months and their loan is delinquent or in default — so the owner is approaching foreclosure. At this stage, official notice of default has been issued and is publicly available. Step 2: Get preapproved for a loan. Step 3: Find your house.

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Purchase and sale agreement Inspection Homeowner’s association Title 87

RIS Media

JANUARY 4, 2021

There are numerous loan programs available for first-time homebuyers, which means you should familiarize yourself with the ones that are available in your area. Make sure you’re familiar with fixed-rate and adjustable-rate, VA loans and FHA loans because it’s likely that your client is unfamiliar with these programs.

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VA loan FHA loan Loans Staging 58