RIS Media

DECEMBER 13, 2023

As a veteran or service member ready to invest in a new home, assessing your financing options is the first step. To help veterans achieve their home ownership goals, the Department of Veterans Affairs (VA) guarantees home loans for veterans, service members, and qualifying family members.

VA loan 52

VA loan Loans Finance Mortgages 52

Real Trends

DECEMBER 14, 2022

Chris Griffith is the CEO of Vetted VA, a training company and trusted source for VA home loan information. For many homebuyers and housing industry professionals, there are lots of myths and misunderstandings about the VA loan and lending process. Vetted VA seeks to change that narrative. said Griffith.

VA loan 103

VA loan Loans Lending Loan Officer 103

Housing Wire

MARCH 27, 2024

But the VA’s current policies place veterans at a “significant disadvantage” compared to other buyers, NAR President Kevin Sears said in a letter submitted Wednesday to John Bell, executive director of VA’s Loan Guaranty Service. The VA didn’t immediately respond to HousingWire’s request for comment.

VA loan 444

VA loan Loans Principal Mortgages 444

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%

VA loan 439

VA loan Agents Seller concession FHA loan 439

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.

Loans 542

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.

VA loan 94

VA loan Inspection Loans Land 94

Housing Wire

APRIL 15, 2024

Based on the selling guides in use by the GSEs, property sellers are allowed to make financing concessions toward the borrower’s closing costs at a maximum amount of 2% to 9% of the property value. Department of Veterans Affairs seeking similar guidance on VA loans, but Sears said that letter remains unanswered.

Agents 529

Agents Seller concession VA loan Finance 529

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.

FHA loan 413

FHA loan VA loan Mortgages Loans 413

The Mortgage Report

OCTOBER 21, 2021

No more VA loan limits VA loan limits were repealed in 2020. That means the VA mortgage program — arguably the best financing available — is now better. An end […].

VA loan 98

VA loan Loans Finance Mortgages 98

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.

Loans 103

Loans Construction VA loan Finance 103

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.

Equity 412

Equity VA loan FHA loan Mortgages 412

Housing Wire

NOVEMBER 9, 2023

For this reason, many programs now allow funds to be used for buydowns and other popular financing strategies that take the edge off of monthly mortgage payments,” Rob Chrane, founder and CEO of DPR, said in a statement. Buydowns have become a preferred financing strategy for borrowers as mortgage rates have surged.

FHA loan 432

FHA loan VA loan Finance Loans 432

Housing Wire

MARCH 26, 2024

Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention actions in the fourth quarter of 2023, according to a new report published by the Federal Housing Finance Agency ( FHFA ). Loan modifications dropped from 14,363 in Q3 to 12,758 in Q4, an 11.2% The rate for U.S.

VA loan 392

VA loan FHA loan Short sale Loans 392

Housing Wire

OCTOBER 11, 2023

Refinance applications also continue to be limited, and the average loan size has fallen to its lowest level since 2017.” of all loan applications, the highest share since November 2022. The share of Federal Housing Administration (FHA) loan activity inched down to 14.4% As a result, ARM applications represented 9.2% from 14.5%

Loans 289

Loans VA loan FHA loan Mortgages 289

Housing Wire

MARCH 25, 2024

Department of Veteran Affairs (VA) to expedite regulatory change that would allow veterans and active-duty service members to fund buyer’s broker commissions when purchasing a home with a VA mortgage. as proper local variances, under current VA regulations.“ “We

Agents 427

Agents VA loan Loans Mortgages 427

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.

VA loan 66

VA loan Loans FHA loan Mortgages 66

Housing Wire

MARCH 28, 2024

At the moment, IPCs “include concessions from the seller to the buyer for items that are traditionally paid by the buyer such as loan closing costs or rate buy-downs,” but as buyer agents are customarily paid by the listing agent, their fees are excluded from caps on the IPCs.

VA loan 403

VA loan Closing costs MLS Loans 403

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. There remains a belief among listing agents and their clients that the VA appraisal and closing process will be a hassle.

VA loan 376

VA loan Agents Pre-approval Debt-to-income ratio 376

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.

Lending 387

Lending Mortgages VA loan Finance 387

Housing Wire

JANUARY 10, 2024

The increase in purchase and refinance applications for both conventional and government loans is promising to start the year but was likely due to some catch-up in activity after the holiday season and year-end rate declines,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. from 14.5% the week prior.

Mortgages 457

Mortgages VA loan FHA loan Loans 457

Housing Wire

DECEMBER 6, 2023

Total home loan applications increased 2.8% The share of Federal Housing Administration (FHA) loan activity increased to 15%, down from 13.5% The share of Department of Veterans Affairs (VA) loan activity was 12.8%, up from 12.6% Department of Agriculture (USDA) loan activity remained unchanged at 0.5%.

VA loan 512

VA loan Mortgages FHA loan Fixed-rate mortgage 512

Housing Wire

OCTOBER 25, 2023

The share of Federal Housing Administration (FHA) loan activity inched up to 15.2% The share of Department of Veterans Affairs (VA) loan activity was 10.5%, down from 10.7% the week prior while the share of Department of Agriculture (USDA) loan activity decreased to 0.4% from 14.8% for the week ending Oct.

Mortgages 388

Mortgages VA loan FHA loan Loans 388

Housing Wire

OCTOBER 6, 2023

Then, we have all the traditional financing options, including jumbo.” ” PRMG offers a comprehensive range of mortgage products, including conventional, FHA, VA, USDA and jumbo loans. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans.

Mortgages 467

Mortgages VA loan Finance Loans 467

Housing Wire

MARCH 28, 2024

Better Home & Finance Holding Co. , The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans. Previously, the lender had higher fixed-cost components and no commissions for its loan officers.

Loan Officer 367

Loan Officer VA loan Loans Technology 367

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. the week prior.

VA loan 453

VA loan FHA loan Mortgages Loans 453

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. nonbank lenders are wasting no time.

Loans 232

Loans VA loan Lending Mortgages 232

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.

Loans 322

Loans VA loan Lending Technology 322

Housing Wire

DECEMBER 15, 2021

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. decline in applications for government loans. Refinances represented 63.3%

VA loan 377

VA loan FHA loan Fixed-rate mortgage Loans 377

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 347

Mortgages VA loan FHA loan Loans 347

Housing Wire

OCTOBER 12, 2023

Total loan volume fell 33% over the same period compared to a year ago. ““The While conforming loans still made up the majority of production at 57% in September, conforming volumes trended well below pandemic levels, according to the report. FHA and VA loan production both gained in activity share to 20.6% of the total.

VA loan 326

VA loan Mortgages FHA loan Loans 326

Housing Wire

NOVEMBER 1, 2023

27, total home loan applications fell 2.1% Purchase applications for government-backed loans declined significantly more than conventional loans. Purchase applications for government loans fell by 3% and refi applications for those loans fell by 9% week over week. For the week ending Oct. of all applications.”

Mortgages 377

Mortgages VA loan FHA loan Loans 377

Housing Wire

NOVEMBER 8, 2023

3, total home loan applications increased 2.5% Applications for both purchase and refinance loans were up over the week but remained at low levels,” Joel Kan, MBA’s vice president and deputy chief economist, said in a statement. “”The The share of Federal Housing Administration (FHA) loan activity remained unchanged at 14.7%.

VA loan 397

VA loan FHA loan Mortgages Loans 397

Housing Wire

MAY 25, 2021

New legislation would extend a benefit similar to Veterans Affairs loans to first responders and teachers who buy homes. The bill would allow borrowers to finance up to 100% of the acquisition price. Mortgages would be subject to FHA loan limits. Loan officers, too, sometimes have reservations about government-financed loans.

FHA loan 469

FHA loan VA loan Loans Loan Officer 469

Housing Wire

NOVEMBER 15, 2023

Total home loan applications increased 2.8% The share of Federal Housing Administration (FHA) loan activity decreased to 14.4% The share of Department of Veterans Affairs (VA) loan activity was 11.2%, up from 10.5% Department of Agriculture (USDA) loan activity held at 0.5% for the week ending Nov. the week prior.

VA loan 385

VA loan FHA loan Mortgages Loans 385

Housing Wire

JUNE 12, 2023

Today, nearly nine out of every 10 mortgages originated is a purchase loan, the report notes. While rate locks on purchase loans rose from April, they also dipped to their lowest level yet relative to 2018 and 2019 averages as rates rose late in the month,” Andy Walden , vice president of enterprise research at Black Knight, said.

Loans 393

Loans Mortgages Lending Marketing 393

Housing Wire

MARCH 29, 2024

The majority of consumer complaints in the mortgage arena (13,100, or 58%) were focused on conventional home loans, followed by Federal Housing Administration (FHA) loans (19%), U.S. Department of Veterans Affairs (VA) loans (9%) and home equity lines of credit, or HELOCs (6%).

Mortgages 318

Mortgages VA loan FHA loan Lending 318

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 417

Mortgages VA loan FHA loan Loans 417