Housing Wire

JUNE 8, 2021

EnerBank, a Utah-based subsidiary of publicly traded CMS Energy , has loan balances totaling $2.8 EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. EnerBank funds most of its loans on its balance sheet through FDIC -insured brokered CDs; it also charges fees to the contractors.

Banks 362

Banks Renovation Marketing Lending 362

Housing Wire

MAY 17, 2023

In fact, ATTOM reports that one in 12 home sales in the nation last year, or 8.4%, involved fix and flip investors — whose strategy is to acquire, renovate (fix) and then resell (flip) the properties. A year ago for us, fix and flip [loan interest] was probably 6.5%, but today, you’re probably getting between 10% and 12%,” Lind said.

Finance 365

Finance Marketing Lending Investor 365

Housing Wire

MARCH 3, 2021

MAXEX , a digital exchange platform for buying and selling residential loans, announced on Wednesday the launch of two new lending programs in collaboration with JPMorgan Chase for green energy home improvements. Both programs are offered for loan values from $400,000 to $3 million. “The U.S. “The U.S.

Loans 433

Loans Banks Residential Finance 433

Housing Wire

APRIL 27, 2021

Finance of America intends to acquire Parkside Lending ‘s third-party origination channel operation for $40 million, the publicly traded lender and servicer announced Tuesday. Our TPO business is a part of our long-term growth strategy,” Bill Dallas, president of Finance of America Mortgage, said in a statement.

Finance 370

Finance Lending Mortgages Renovation 370

Housing Wire

APRIL 2, 2021

Finance of America on Monday will become the latest lender to make its debut on the New York Stock Exchange. Led by CEO Patricia Cook and founding chairman Brian Libman, Finance of America has been awfully busy ahead of the merger and IPO. Blackstone Group will retain a 70% ownership stake in the lender-and-servicer.

Finance 280

Finance Closing Investor Mortgages 280

HomeLight

MAY 8, 2024

Are you considering a hard money loan to fast-track your next real estate investment? Whether you’re planning to flip a house or purchase a rental property, a streamlined hard money loan can be a helpful option. What is a hard money loan? They are also a common financing solution for investors buying rental properties.

Hard money loan 101

Hard money loan Loans Home sale contingency Finance 101

Housing Wire

NOVEMBER 21, 2023

California-based mortgage lender CMG Financial announced the integration of Shamrock Home Loans’ origination team, which will boost its presence in New England. The group will be branded as Shamrock, Powered by CMG Home Loans. 21, NMLS showed the lender had eight loan officers and 13 branches. year over year.

Loan Officer 374

Loan Officer Lending Loans Finance 374

Housing Wire

FEBRUARY 3, 2023

HELOCs have continued to set the stage as flexible, helpful products that provide quick access to financing for a multitude of uses including home renovations, debt consolidations or emergency purchases. Additionally, 65% of the total respondents are currently planning or have plans to renovate their homes within the next two years.

Renovation 376

Renovation Fixed-rate mortgage Equity Finance 376

Housing Wire

DECEMBER 14, 2023

Under the new selling guidelines, Fannie Mae said it would allow AOLs to be used on “loans secured by a unit in a condo project” and “loans secured by a property subject to restrictive agreements or restrictive covenants.” The initial version of the GSE’s Equitable Housing Finance Plans were approved in the summer of 2022 by the FHFA.

Title 367

Title Land Finance Loans 367

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. Then, we have all the traditional financing options, including jumbo.”

Mortgages 464

Mortgages VA loan Finance Loans 464

HomeLight

MAY 10, 2024

A home equity loan can be a life-lifting tool for funding home renovations, consolidating debt, or covering unexpected expenses. How long does it take to get a home equity loan? In this guide, we’ll provide insights and tips about home equity loans and how long it takes to access the funds you need.

Equity 86

Equity Loans Renovation Finance 86

Housing Wire

MARCH 7, 2024

“Planet is pioneering the future of mortgage lending with novel products like Cash 4 Homes, 1st Year Flex, Purchase EDGE, one-time close construction loans, and bridge, renovation and manufactured home loans,” Long said. decline from 2022, according to Inside Mortgage Finance.

Lending 387

Lending Loans Renovation Mortgages 387

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs). Presented by: Auction.com.

FHA loan 327

FHA loan Renovation Equity Loans 327

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

Mortgages 386

Mortgages Finance Lending Equity 386

Keeping Current Matters

OCTOBER 13, 2021

If you’re a homeowner who wants to add any of the above, you have two options: renovate your current house or buy a home that already has the spaces you desire. The difference in the cost of a renovation versus a purchase. If you decide to renovate, you’ll need to refinance (or take out an equity loan) to access the equity.

Renovation 274

Renovation Equity Mortgages Design 274

Housing Wire

JULY 14, 2022

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. Another area of focus for the administration is improving its financing for manufactured housing.

Title 345

Title Land Finance Renovation 345

Housing Wire

NOVEMBER 20, 2023

The lender also brought over 45 former retail branches from Finance of America Companies Inc. Founded in 1996, APM offers a range of products, including conventional, jumbo, FHA, VA, USDA loans and reverse mortgages as well as renovation and construction loans. FoA) months after it shut down its forward mortgage segment.

Mortgages 371

Mortgages Lending Finance Loans 371

Point2Homes

FEBRUARY 3, 2021

Having spent a lot more time at home than usual throughout 2020, it’s perhaps only natural that interest in home improvements and renovations rocketed. However you plan to renovate your home in 2021, you’ll need a way to pay for it. Home Equity Loans. Fortunately, there are several options, each with their own pros and cons.

Renovation 98

Renovation Finance Equity Closing costs 98

Housing Wire

OCTOBER 15, 2020

OJO Labs announced its first foray into fintech on Thursday with its acquisition of Digs, a personal finance platform. With this acquisition, OJO Labs hopes to help homebuyers and homeowners navigate financial responsibilities like saving for a down payment, securing the right lender, building equity and saving for renovations.

Finance 189

Finance Loan Officer Equity Renovation 189

Housing Wire

FEBRUARY 12, 2024

It also has a niche in construction and manufactured home loan programs.

Lending 358

Lending New Construction Construction Finance 358

Realty Biz

SEPTEMBER 29, 2022

If you’re in the process of planning a home renovation, you’re likely feeling both excited and anxious. Renovations can be a great way to update your home and add value to it, but they can also be tricky and expensive if not done correctly. A successful home renovation requires a team of skilled professionals.

Renovation 103

Renovation Loans Finance Design 103

Housing Wire

APRIL 20, 2021

After months of slogging through a string of disappointments, Patrick turned to a renovation loan and started looking at fixer-uppers. Snover said that few real estate agents suggest that buyers purchase a home with a renovation loan, sometimes because they are unfamiliar with the process — which has its complexities.

Renovation 433

Renovation Loans Construction Finance 433

Realty Biz

AUGUST 30, 2021

203k FHA Loans Explained. When buying a fixer-upper, one of your primary considerations should be how you will finance the project. One of the better options is what’s known as an FHA 203k loan. It is a more relaxed type of loan since the U.S. It allows you to pay for the renovations in one loan.

FHA 203k rehab loan 137

FHA 203k rehab loan Loans Renovation Due diligence 137

Housing Wire

NOVEMBER 30, 2023

There are two versions: the standard, which includes structural repairs and requires an approved consultant, and the limited version, which is focused on minor renovation and repair and does not require a consultant. In high-cost areas, however, it can go up to $75,000.

Inspection 431

Inspection Finance Renovation Loans 431

Housing Wire

JULY 3, 2023

The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. We’ll reach out to those loan officers in markets where we have existing retail branch locations. Instead, tapping high-volume loan officers in targeted locations has worked for PrimeLending. “We billion, a 54% decline from $3.76

Loan Officer 359

Loan Officer Marketing Pre-approval Fixed-rate mortgage 359

Housing Wire

JUNE 1, 2023

Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex. Planet, which originates loans through the correspondent and retail channels, plans to grow organically and via mergers and acquisitions. The lender originated $6.5

Mortgages 393

Mortgages Lending Loan Officer Loans 393

Point2Homes

MAY 21, 2021

Below, we’ll review first-time homebuyer loans and programs that will give you a better deal when you purchase a house. For example, affording a large down payment is a challenge for many first-time buyers, but FHA loans allow you to initiate a mortgage with only 3.5% USDA Loans. USDA Loans. Renovation Loan Programs.

Loans 144

Loans VA loan FHA loan Renovation 144

Housing Wire

SEPTEMBER 24, 2021

The company has created a new vertical of loans and an entirely new LOS designed just for borrowers looking to purchase a home and renovate it to put back on the market. Through this program, Acra aims to remove many of the financing hurdles typically faced by those in the fix-and-flip sector. Time-consuming underwriting.

Lending 392

Lending Finance Loans Investor 392

Housing Wire

NOVEMBER 10, 2023

With soaring home prices and mortgage rates putting a damper on the market for new home loans and refinancing options, it’s a challenging time for homebuyers and lenders alike. High interest rates and the lack of housing inventory make home renovations and remodeling an attractive alternative for homeowners looking to upgrade their spaces.

Equity 394

Equity Lending Banks Loans 394

Housing Wire

APRIL 18, 2023

MISMO , the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association , plans to launch a working group that will create standards for Electronic Home Equity Lines of Credit (eHELOC). The volume of HELOC loans declined by 17% to $60.1 Overall, HELOCS accounted for 20.7%

Equity 305

Equity Lending Finance Loans 305

Redfin

JANUARY 23, 2024

In an era defined by digital innovation and the rise of cryptocurrencies, the use of Bitcoin extends far beyond the realm of traditional finance. This article explores the innovative ways Bitcoin is reshaping the world of home renovation, providing a glimpse into the future where Bitcoin meets interior design and construction.

Renovation 56

Renovation Finance Loans Design 56

Realty Biz

SEPTEMBER 24, 2022

Whether you’ve bought a new home, or you’re sprucing up an investment property , home renovations can add immediate and long-term value to your home. With mounting material and labor costs, your renovation dreams can quickly put a strain on your budget. Here are 10 ways to save money on home renovations. They can also be costly.

Renovation 103

Renovation Finance As-is Sales 103

Better Dwelling

JUNE 22, 2021

The Canadian renovation boom is slowing, or at least the debt to finance it has. Bank of Canada (BoC) data shows loans for home renovations made a sharp drop in the first quarter of 2021. The balance of these loans had seen a surge during the pandemic, but rolled back in the last quarter. It […].

Renovation 57

Renovation Loans Banks Finance 57

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. ” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. Financing Turnkey Rental Properties.

Finance 96

Finance FHA loan Investor Loans 96

HomeLight

NOVEMBER 29, 2023

Enter the bridge loan, a potential game-changer for your real estate strategy. A bridge loan is a short-term financing solution designed to bridge the gap, allowing you to purchase your new Hawaiian dream home before you’ve sold your current one. What is a bridge loan, in simple words?

Equity 92

Equity Loans Debt-to-income ratio Home sale contingency 92

HomeLight

NOVEMBER 29, 2023

However, a bridge loan could be the solution you’re looking for. It’s a short-term financing option that helps you purchase a new home in New York before selling your old one, smoothing out the transition and fitting the pieces of your property puzzle together. What is a bridge loan, in simple words?

Equity 89

Equity Loans Debt-to-income ratio Home sale contingency 89

Housing Wire

FEBRUARY 16, 2022

Let’s look at what private money lenders do and how they operate, as well as the potential benefits of using private or hard money loans and how to locate and select a reputable private money lender. Understand where the funding comes from, whether it’s from the lender or a syndicated loan with funds given by multiple investors.

Purchase and sale agreement 382

Purchase and sale agreement Investor Hard money loan Lending 382