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%

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VA loan Agents Seller concession FHA loan 458

HomeLight

NOVEMBER 29, 2023

In today’s high-interest mortgage market, finding affordable homebuying solutions is more crucial than ever. If you’re eyeing a property with a VA loan attached, you might be wondering about the potential of assuming the loan to benefit from a lower interest rate. Get Started What is a VA assumable loan?

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VA loan Loans Mortgages Agents 99

Real Trends

DECEMBER 14, 2022

In the housing industry, agents need to develop their own muscle memory reaction to changing circumstances, new obstacles and shifting markets in order to stay in the fight. Chris Griffith is the CEO of Vetted VA, a training company and trusted source for VA home loan information. Vetted VA seeks to change that narrative.

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VA loan Loans Lending Loan Officer 103

Housing Wire

DECEMBER 6, 2023

Total home loan applications increased 2.8% Slower inflation and the confidence financial markets have that we are nearing the end of the Fed ’s hiking cycle has brought mortgage rates to the lowest level since August. The share of Federal Housing Administration (FHA) loan activity increased to 15%, down from 13.5%

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VA loan Mortgages FHA loan Fixed-rate mortgage 515

Housing Wire

MARCH 25, 2021

If you’re a first-time homebuyer (or you already own a home), you’ve heard of mortgage loans. You have your conventional loans, FHA loans, VA loans, USDA loans and so on. But there’s another type of loan, not too many people are familiar with that can make the home buying process much easier.

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Loans VA loan FHA loan Finance 542

Realty Biz

MARCH 28, 2023

A VA appraisal is similar in some ways to the appraisal with a conventional mortgage, but they do more to protect buyers. We look at a home's requirements when applying for a VA loan. There are VA loan inspection requirements for appraisals that buyers, sellers, and real estate agents should know.

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VA loan Inspection Loans Land 94

Housing Wire

DECEMBER 3, 2023

Loans in active foreclosure inched up to 217,000, but remained more than 25% below pre-pandemic levels. About 70% of loans currently three or more payments past due are protected from foreclosure by ongoing loss mitigation efforts. In 2024, roughly 75% of originations expected to come from purchase loans. for VA loans.

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Equity VA loan FHA loan Mortgages 441

Housing Wire

NOVEMBER 10, 2023

Redfin classified purchases as all-cash when transactions had no mortgage loan information on the deed. FHA loan usage increases in September As sellers field fewer offers, buyers with FHA loans may have greater luck to close on a home. In September, government-insured FHA loans represented a little over 15% of U.S.

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FHA loan VA loan Mortgages Loans 441

Housing Wire

NOVEMBER 9, 2023

housing market after 54 programs were added in the third quarter, according to Down Payment Resource (DPR), a homebuyer assistance program data and solutions firm. Program providers are working around the clock to ensure the programs they offer meet the needs of their markets.

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FHA loan VA loan Finance Loans 458

Housing Wire

FEBRUARY 28, 2024

The data examined below represents multiple listing service data and mortgage market analytics for San Diego County, as well as the state of California and the country as a whole from 2019 to 2023. percentage points in market share, albeit with a setback in 2023. The number of listings in San Diego fell 50.5%

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Marketing VA loan Days on market Loans 432

Realty Biz

FEBRUARY 24, 2024

While many veterans are familiar with traditional VA home loans, there are additional options that cater to specific needs – VA Jumbo Loans and VA Construction Loans. However, the real estate market in certain areas may demand loan amounts that surpass these limits.

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Loans Construction VA loan Finance 103

Housing Wire

MARCH 28, 2024

They asked the federal officials to “provide guidance to market participants that will ensure these new arrangements will continue to be supported by” FHA and GSE underwriting standards. Department of Veteran Affairs (VA) on Wednesday, urging it to revise policies that prohibit veterans from paying buyer broker commissions.

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VA loan Closing costs MLS Loans 450

Housing Wire

MARCH 28, 2024

Better Home & Finance Holding Co. , the parent of digital lender Better.com , narrowed its net loss between the third and fourth quarters of 2023 by more than 80%, driven by expense cuts to its platform and marketing efforts. Going forward, Better is focused on driving market share and reaching profitability in the medium term.

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Loan Officer VA loan Loans Technology 432

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. Even under “normal” market conditions, VA buyers struggle to successfully purchase a home using their benefit.

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VA loan Agents Pre-approval Debt-to-income ratio 397

Housing Wire

JANUARY 10, 2024

4, according to Freddie Mac ’s Primary Mortgage Market Survey. The share of Federal Housing Administration (FHA) loan activity decreased to 14.4% The share of Department of Veterans Affairs (VA) loan activity was 16.3%, up from 14.6% Department of Agriculture (USDA) loan activity decreased to 0.4% from 14.5%

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Mortgages VA loan FHA loan Loans 500

Housing Wire

OCTOBER 25, 2023

“These higher mortgage rates are keeping prospective homebuyers out of the market and continue to suppress refinance activity.” The share of Federal Housing Administration (FHA) loan activity inched up to 15.2% The share of Federal Housing Administration (FHA) loan activity inched up to 15.2% from 14.8% for the week ending Oct.

Mortgages 450

Mortgages VA loan FHA loan Loans 450

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. “There is too much distraction in the market; there are some negative folks out there.

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Mortgages VA loan Finance Loans 473

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. What Is a VA Loan? Benefits of a VA Loan. Backed by the U.S.

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VA loan Loans FHA loan Mortgages 65

Housing Wire

DECEMBER 14, 2023

The letter states that the CHLA believes this shift could have “profound negative impact on the ability of home buyers to pay for or finance those commissions and on loan appraisal loan to value (LTV) calculations and requirements.” Under current regulations, VA buyers are not allowed to pay for buyer’s representation.

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Lending Mortgages VA loan Finance 421

Housing Wire

NOVEMBER 22, 2023

Total home loan applications increased 3% for the week ending Nov. Mortgage rates for the 30-year fixed loan averaged 7.44%, falling 6 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey. The average loan size on a purchase application was $403,600, the lowest since January 2023.

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VA loan FHA loan Mortgages Loans 466

Housing Wire

OCTOBER 12, 2023

Mortgage-rate-lock volume fell 20% in September, led by a combination of seasonal decline in purchase activity and rising interest rates, according to Optimal Blue ’s Originations Market Monitor report. Total loan volume fell 33% over the same period compared to a year ago. and 10.4%, respectively. of the total.

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VA loan Mortgages FHA loan Loans 445

Housing Wire

NOVEMBER 29, 2022

The conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac will pass the $1 million mark for the first time in 2023, reigniting a debate about the government’s role in the mortgage market and its persistent affordability challenges. ” Raise the (conforming loan) roof. .

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Loans VA loan Lending Mortgages 284

Housing Wire

DECEMBER 15, 2021

The overall market composite index dipped 30.9% The trade group estimates that the average contract 30-year fixed-rate mortgage for conforming loans ($548,250 or less) remained unchanged at 3.30%. For jumbo mortgage loans (greater than $548,250), rates decreased to 3.32% from 3.33% the week prior. from the week prior.

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VA loan FHA loan Fixed-rate mortgage Loans 410

Housing Wire

DECEMBER 20, 2023

Total home loan applications decreased by 1.5% The share of Federal Housing Administration (FHA) loan activity decreased to 15.5%, down from 16.1% The share of Department of Veterans Affairs (VA) loan activity was 15.6%, up from 14.2% Department of Agriculture (USDA) loan activity remained unchanged at 0.4%.

Mortgages 457

Mortgages VA loan FHA loan Loans 457

Housing Wire

JUNE 12, 2023

The housing market, which is facing challenges with mortgage rates , affordability, prices and inventory, hasn’t been this purchase-dominant in decades, according to Black Knight ’s originations market monitor report. Today, nearly nine out of every 10 mortgages originated is a purchase loan, the report notes.

Loans 421

Loans Mortgages Lending Marketing 421

Housing Wire

SEPTEMBER 23, 2020

Loan servicers operate between a rock and a hard place today. OK, but then the current economic climate adds levels of complexity, with loan modifications, forbearances and confusion about compliance. They must do all that, while also remaining compliant in handling, notifying borrowers of options or modifying the loan.

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Loans VA loan Lending Technology 370

Housing Wire

NOVEMBER 1, 2023

27, total home loan applications fell 2.1% The impact of higher rates continued to be felt across both purchase and refinance markets,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. Purchase applications for government-backed loans declined significantly more than conventional loans.

Mortgages 421

Mortgages VA loan FHA loan Loans 421

Housing Wire

NOVEMBER 15, 2023

Total home loan applications increased 2.8% The 30-year, fixed mortgage rate averaged 7.5%, falling 26 basis points in one week, according to Freddie Mac ‘s Primary Mortgage Market Survey. The share of Federal Housing Administration (FHA) loan activity decreased to 14.4% Department of Agriculture (USDA) loan activity held at 0.5%

VA loan 441

VA loan FHA loan Mortgages Loans 441

Housing Wire

OCTOBER 18, 2023

The share of Federal Housing Administration (FHA) loan activity inched up to 14.8% The share of Department of Veterans Affairs (VA) loan activity was 10.7%, up from 10.2% the week prior while the share of Department of Agriculture (USDA) loan activity held steady at 0.5%. from 14.4% for the week ending Oct.

Mortgages 458

Mortgages VA loan FHA loan Loans 458

Housing Wire

SEPTEMBER 30, 2022

Many mortgage professionals are turning to the platform as a way to connect with prospective borrowers and educate them on mortgage, as well as market themselves. We spoke to UMortgage Branch Manager Arielle Best, known as the VA Loan Lady on TikTok, about the platform and how best to utilize it as a mortgage loan originator.

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VA loan Mortgages Loan Officer Branding 410

Housing Wire

MARCH 22, 2023

Department of Veterans Affairs (VA) announced on Wednesday that it will lower the VA Native American Direct Loan (NADL) program interest rate from 6% to 2.5% in an effort to make housing loans more affordable for Native American military veterans. interest rate for the life of the loan. from 2012 to 2021.

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VA loan Mortgages Land Loans 397

Housing Wire

MARCH 1, 2021

After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. Want to make sure you’re getting the best deal and making the right choice for your finances? Will we have a buyer’s housing market in 2021? USDA loans. How much house can you afford to buy?

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Mortgages VA loan Loans Loan Officer 432

Real Trends

NOVEMBER 11, 2022

Today’s turbulent housing market means challenges for both buyers and sellers. Real estate professionals navigating housing in 2022 and beyond need to know their way around all the financing options available. Alternative financing options are also key for homeowners who don’t want to sell. USDA loans. 2-1 buydowns.

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Finance VA loan FHA loan Agents 106

Eye on Housing

JANUARY 26, 2024

NAHB analysis of the most recent Quarterly Sales by Price and Financing report reveals that the all-cash purchases accounted for 8.4% In contrast, the share of new home sales backed by VA loans fell to a 16-year low of 4.8% of new home sales in 2023—a 1.3 Read More ›

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VA loan Sales Finance Loans 116

Realty Biz

MAY 4, 2021

All eyes are on the housing market as everyone waits to see whether the boom will crash anytime soon. With younger homeowners grappling with increasing credit card and student loan debts, many of them are turning to external financing to achieve their homeownership dream. In 2020, VA-backed loans skyrocketed.

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Finance VA loan Marketing Loans 86

HomeLight

DECEMBER 28, 2023

In this post, we will walk you through everything you need to know about transferring or “assuming” a home loan. Partner With a Top Agent Familiar With Assumable Mortgage Listings HomeLight can connect you with a top-performing real estate agent who understands the ins and outs of assumable mortgage listings in your market.

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Loans Purchase and sale agreement VA loan Mortgages 96

HomeLight

NOVEMBER 6, 2023

Assuming a mortgage allows you to step into the shoes of the seller and take over their loan, often at a lower interest rate. It’s a unique approach that can make your dream of owning a home in today’s complex, high-priced housing market more attainable. Which mortgage loans are assumable? VA funding fee.

FHA loan 101

FHA loan VA loan Mortgages Marketing 101