The Close

NOVEMBER 25, 2024

Simply put, it’s a residential building with more than one unit designed to house multiple families. The right loan type for your investment depends on the property you choose to buy, so you need to be informed about each property type before shopping for homes. What Is Multifamily Property?

Purchase and sale agreement

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 ” Added Walsh, “Government loans are also rolling to later stages of delinquency.

VA loan

Redfin

MARCH 4, 2025

Uniform Residential Appraisal Report (URAR): Shortened to URAR, this is the most common type of appraisal – and one lenders request. A higher appraisal value means theres more home equity available, which may give you more favorable loan terms or cash out. In fact, some appraisals are not accepted by lenders.

FHA loan

Redfin

JULY 31, 2025

Loan types for first-time homebuyers include: Conventional Loan: Offers flexible down payment options as low as 3% with private mortgage insurance (PMI). These require a higher credit score and must fall within conforming loan limits. FHA Loan: Designed for buyers with lower credit scores. 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. If your house complies with FHA, it complies with most other lenders’ requirements. Yes Is a real estate attorney required? What problems do you have to disclose in South Carolina?

As-is

Rochester Real Estate

NOVEMBER 5, 2015

Either way, it’s always wise to shop around and compare interest rates and just as importantly, compare how much in fees you might have to pay to get a particular loan. Did you know if you file a Chapter 13 bankruptcy, you can immediately apply for an FHA loan? Here are some of Anita’s thoughts on the subject.

Finance

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

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

Rates for 30-year jumbo loans (those with balances that exceed the standard conforming loan limit of $806,500) averaged 6.71%, down 3 basis points from a week ago, while 30-year rates for Federal Housing Administration (FHA) loans were at 6.66%, unchanged from a week ago. Prior to the Fed’s meeting on Wednesday, the U.S.

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

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% Department of Veterans Affairs (VA) loans grew their share from 12.5% Rates for 30-year jumbo loans (balances above $766,550) increased by 2 bps to 7%.

FHA loan

Housing Wire

MAY 13, 2025

Overall, MBA supports the rulemaking process when it is used to provide clear rules of the road through a stable and informed process, wrote Peter Mills, MBAs senior vice president of residential policy and strategic industry engagement.

Mortgages

Housing Wire

DECEMBER 1, 2023

Rising home prices also prompted the Federal Housing Administration (FHA) to adjust its loan limits — with the “floor” FHA loan limit for one-unit properties increasing to $498,257 in most parts of the country.

FHA 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

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

SEPTEMBER 25, 2024

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. “As Rates for 15-year fixed loans rose to 5.47%, while rates for 5/1 ARMs rose to 5.76%.

FHA loan

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

OCTOBER 9, 2024

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% The average contract interest rate for 30-year fixed-rate loans with conforming balances ($766,550 or less) jumped from 6.14% to 6.36% during the week.

VA loan

Housing Wire

JULY 3, 2024

Refinance activity also remains subdued — although there was a slight increase in applications for conventional refinance loans.” The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. The average rate for jumbo loans (balances above $766,550) rose 7 basis points to 7.11%.

VA loan

Housing Wire

NOVEMBER 7, 2024

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. Surveyed loan types include Federal Housing Administration (FHA) loans, U.S. Department of Veterans Affairs (VA) loans and conventional loans.

VA loan

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based based think tank Urban Institute to hear their takes. So it’s kind of a mixed message,” he explained.

FHA loan

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. retail residential mortgage applications. Department of Veterans Affairs (VA) share declined to 11.4%, down from 11.7% the week before.

Mortgages

Housing Wire

JANUARY 19, 2024

Last year, half of the originated loans were conventional, followed by 35% of FHA loans and 14% of V.A. Sources told HousingWire that New York-based RealFi (formally known as Residential Home Funding Corp. Also in California, Pennymac Financial Services issued pink slips to more than 80 employees in November.

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

DECEMBER 28, 2023

Targeting first-time homebuyers Those who catered to first-time homebuyers’ needs – offering Federal Housing Administration (FHA) loans and down payment assistance loans – fared relatively well compared to other colleagues who didn’t expand their target clients. Builders for sure are doing it,” Herrera noted.

Loans

Housing Wire

JUNE 3, 2022

Since then, Lakeview has unveiled two additional PLS offerings involving pools of delinquent FHA loans also securitized via Ginnie Mae. The more recent offerings — Lakeview Trust 2022-EBO2, which closed in late April; and Lakeview Trust 2022-EBO3, set to close in early June — also involve EBO loans, according to KBRA ratings reports.

Loans

Housing Wire

FEBRUARY 7, 2023

. “The little that I’ve dabbled in assumable loans, they are very difficult to maneuver,” Rochelle Gano, a Vancouver, Washington-based loan officer at Movement Mortgage , told HousingWire. Gano added that FHA loans seem “a little more workable” than the VA and USDA options.

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

FEBRUARY 27, 2024

were conventional loans and 30.5% were FHA loans. In early February, the company announced the acquisition of the residential mortgage business of Chicago-based Draper and Kramer Holding , a financial and real estate services provider. NAF originated more than $9 billion in mortgages in 2023, per Modex. Of the total, 53.6%

FHA loan

Housing Wire

JULY 17, 2024

In total, refinance loans accounted for 38.8% The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. The average rate for jumbo loans (balances above $766,550) fell from 6.87% to 6.75%. Federal Housing Administration (FHA) loans accounted for 13.5% in the previous week.

Mortgages

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

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 The recent declines in mortgage rates have been good news for mortgage professionals and consumers alike.

Mortgages

Housing Wire

FEBRUARY 16, 2023

The delinquency rate for mortgage loans on one- to four-unit residential properties rose 51 basis points from the previous quarter to a seasonally adjusted rate of 3.96% of all loans outstanding in the fourth quarter of 2022, according to the Mortgage Bankers Association (MBA).

Mortgages