Housing Wire

NOVEMBER 16, 2023

FHA applications reached highest share of new-home applications since 2013 In October, FHA applications represented 26.3% of all new-home purchase applications as homebuyers turned to new construction for more housing options. This is the highest share of FHA new-home purchase applications in a decade.

Mortgages 438

Mortgages VA loan Loans New Construction 438

Housing Wire

JUNE 17, 2021

the fourth consecutive month of rising loan sizes and a new survey high. By product type, conventional loans made up 743.9% of loan applications, FHA loans composed 14.8%, RHS/USDA loans cam in around 0.9% and VA loans provided 10.4%.

Sales 493

Sales VA loan FHA loan Loans 493

Housing Wire

JULY 26, 2021

Zillow Economist Matthew Speakman said demand for new homes should remain hot, as home shoppers continue to favor new construction as an alternative to the “ultra-competitive” resale sector. By product type, conventional loans were 74.4% That pace for the Northeast, specifically, is down 27.9% from June 2020.

Sales 414

Sales VA loan FHA loan Loans 414

Realtor.com

JANUARY 11, 2023

Getty Images Many first-time homebuyers might presume they’re better off going used rather than new—in other words, purchasing a pre-existing property rather than pricey new construction. Unless you want to be waiting a long time to buy your first home, you should consider new-construction homes.

New Construction 110

New Construction Construction VA loan Finance 110

Housing Wire

SEPTEMBER 22, 2023

Kim: The silver lining in the current housing market is an uptick in new construction sales due to a lack of existing-home inventory. 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.

FHA loan 430

FHA loan Bankruptcy Marketing Loans 430

Real Trends

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.

FHA loan 84

FHA loan VA loan Loans Finance 84

Realty Biz

JULY 20, 2022

The Federal Housing Administration regulates and backs the FHA Loans program. These government-insured loans allow home buyers low down payments of just 3.5%. Their Section 502 Direct Loan Program generally has no down payment requirement to assist low and very low-income borrowers.

Loans 129

Loans FHA loan VA loan Renovation 129

RIS Media

SEPTEMBER 21, 2021

Unadjusted, MBA estimates there were 71,000 new-home sales in August 2021—an increase of 10.9% from 64,000 new-home sales in July. By product type: – Conventional Loans: 75.1% of loan applications. – FHA Loans: 13.8%. – RHS/USDA Loans: 0.6%. – VA Loans: 10.5%.

Mortgages 102

Mortgages VA loan FHA loan Loans 102

HomeLight

AUGUST 9, 2022

Larsen cautions that if you’re buying a new construction home, you will likely be expected to pay a much larger percentage of earnest money. Drew May , a leading real estate agent in Augusta, Georgia, where Fort Gordon is located, says there is “no better financing” than a VA loan for military buyers.

Earnest money deposit 100

Earnest money deposit VA loan Purchase and sale agreement FHA loan 100

Housing Wire

MAY 31, 2022

“Providing affordable housing, especially in large markets like Chicago, is vital,” said Kurt Carlton, co-founder and president of New Western. When we help bring distressed properties back to the market, it’s up to 31% less expensive than a new construction home.”.

Mortgages 382

Mortgages Loans Lending Construction 382

Realtor.com

NOVEMBER 28, 2022

While there are a variety of mortgages aimed at helping homebuyers afford a home—such as FHA loans and VA loans —one type that’s often overlooked are USDA loans, which offer excellent terms to those who qualify, including a 0% down payment and low interest rates.

Loans 95

Loans Mortgages FHA loan Debt-to-income ratio 95

RIS Media

MAY 24, 2021

If you choose a conventional or FHA loan, a down payment is required. The amount of the down payment that’s needed is based on the home’s price and property type, as well as the loan product. For a conventional loan, exactly how much depends on the lender and loan type—you might put down 3%, 10%, 20% or more.

Closing costs 98

Closing costs FHA loan Principal Loans 98

Realty Biz

SEPTEMBER 23, 2023

The amount required for a down payment can vary based on factors such as the type of loan, your credit history, and the lender's requirements. Standard financing options for homebuyers include conventional loans, FHA loans , VA loans, and USDA loans.

Purchase and sale agreement 73

Purchase and sale agreement Pre-approval Agents Pre-qualification 73

HomeLight

SEPTEMBER 1, 2022

Raymer says that for her clients, especially first-time buyers, she suggests an FHA loan, which only requires 3.5% FHA is really one of the best options,” she advises. An FHA loan is insured by the Federal Housing Administration and available from FHA-approved lenders. down payment. Special programs.

Earnest money deposit 81

Earnest money deposit FHA loan Purchase and sale agreement Title 81

Realtor.com

NOVEMBER 9, 2022

7), new construction is limited, so buyers are competing over a very small selection of properties. Down payments are lowest in places with the most VA and FHA loans. In metros with the lowest down payments, federally backed loan assistance programs play a big role. In the Colorado city (No.

VA loan 111

VA loan FHA loan Loans Sales 111

HomeLight

APRIL 14, 2023

For a conventional loan, it’s called Private Mortgage Insurance (PMI). If it’s a VA loan, it’s called the VA Funding Fee. And if it’s a Federal Housing Administration (FHA) loan, then it’s called Mortgage Insurance Premium (MIP). Each comes with its own set of requirements.

Closing costs 97

Closing costs Closing Title Loans 97

Redfin

AUGUST 2, 2022

And if you’re considering a Federal Housing Administration (FHA) loan or a Department of Veterans Affairs (VA) loan, know that government-backed loans won’t finance a floating home. Some lenders may require you to have a 20% minimum downpayment or a higher interest rate to offer you a loan.

VA loan 58

VA loan FHA loan Loans Design 58

Redfin

FEBRUARY 4, 2022

These qualities are what sets them apart from new construction, such as a modern craftsman home or ranch style house. But, buyers beware, owning a historic home isn’t always as easy and breezy as maintaining a newly constructed one. In turn, you may need to show proof of funding for those repairs before the loan is approved. .

Construction 69

Construction Inspection Proof of funds Renovation 69