Housing Wire

DECEMBER 11, 2024

In addition to lower rates, purchase activity continues to be supported by sustained housing demand and inventory that continues to grow gradually in many markets,” Kan added. Government loan activity saw a slight jump. Department of Veterans Affairs (VA) loans followed suit, jumping 270 bps to 16.3%

As-is 383

As-is VA loan Mortgages Loans 383

Housing Wire

NOVEMBER 27, 2024

With the growth in for-sale inventory and signs that the economy remains strong, buyers have remained in the market even though rates have increased recently. The increase in conventional purchase applications helped push the average purchase loan size to $439,200, its highest level in almost a month. of applications. percent from 6.90

Mortgages 369

Mortgages VA loan FHA loan Fixed-rate mortgage 369

Housing Wire

FEBRUARY 11, 2022

The VA loan is an important financing tool for VA-eligible borrowers to achieve their homeownership dream. In 2021 one in two VA borrowers was a first-time homebuyer (FTHB). . The average VA FTHB’s interest rate was 2.90% and the quarterly FTHB VA purchase loan volume stayed elevated.

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VA loan Loans Lending Finance 384

Housing Wire

FEBRUARY 13, 2025

Loan locks for refinances rose more than 20% year over year while purchase lock counts saw a 6% decrease, according to Optimal Blue ‘s January 2025 Market Advantage mortgage data report released Thursday. Jumbo mortgage rates were up 2 bps, VA loan rates were up 4 bps and FHA loan rates remained unchanged.

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VA loan FHA loan Mortgages Loans 274

Housing Wire

NOVEMBER 4, 2024

By making an offer of compensation, sellers communicate to buyers, as a marketing tactic, that their transaction costs may be reduced. They will continue to charge the highest price the market will bear, and leave buyers with an added up-front cost. Lowering commissions will not cause sellers to reduce their prices.

Debt-to-income ratio 304

Debt-to-income ratio Agents VA loan MLS 304

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. Earlier in my life, I was directed away from using a VA loan when I purchased my first home. REALITY: There is no limit.

Loans 441

Loans VA loan Mortgages Lending 441

Housing Wire

MAY 5, 2025

ICE attributes this to a higher interest rate environment that continued to dampen repeat buyer participation in the market. Younger homebuyers are picking up market share with lenders this spring, with people age 35 and under accounting for more than half of financed home purchases by first-time buyers in Q1. Washington, D.C.,

Lending 306

Lending FHA loan VA loan Loans 306

Housing Wire

NOVEMBER 7, 2023

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 loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance.

VA loan 458

VA loan Agents Seller concession FHA loan 458

Housing Wire

NOVEMBER 19, 2021

The Department of Veterans Affairs will raise appraisal fees and lengthen allowable turnaround times in select markets across the country in response to high demand for appraisals. The VA said it had taken note of increased market demand in a “seller’s market,” in a notice explaining the increases. “As

Marketing 458

Marketing VA loan Finance Loans 458

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%

VA loan 515

VA loan Mortgages FHA loan Fixed-rate mortgage 515

Housing Wire

AUGUST 1, 2024

Americans are considering the potential impacts of political changes on the economy and housing market, leading many to adjust their buying timelines accordingly.” When asked if they feel better about their finances compared to one year ago, 63% of veterans and 59% of civilians said yes. According to data from the U.S.

VA loan 495

VA loan Loans Finance Mortgages 495

Housing Wire

MAY 21, 2024

Michelle Corridon, deputy policy director at the VA, announced at the Mortgage Bankers Association ‘s Secondary & Capital Markets Conference in New York that the circular would be issued between now and June 12. In a statement issued on Tuesday, the MBA said that it welcomes this move from the VA. “As

VA loan 517

VA loan Agents Loans MLS 517

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.

VA loan 397

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

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.

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VA loan Loans Principal Mortgages 450

Housing Wire

JULY 10, 2024

Signs of a “stagnant late-spring housing market“ emerged in June as U.S. That’s a key takeaway from the June 2024 Market Advantage report released Wednesday by Optimal Blue. Conforming loans comprised 55.9% Nonconforming loans and U.S. The report, which covers the 20 largest U.S. and 11.7%, respectively.

VA loan 397

VA loan Marketing Loans Mortgages 397

Housing Wire

FEBRUARY 25, 2025

Housing markets in much of the country have started tilting in buyers favor, allowing buyers to set the terms they want. And real estate investors, who often purchase homes in cash, have also pulled back from the market. Department of Veterans Affairs (VA) loans made up 6.7% a year earlier. of home sales, up from 6.2%

VA loan 257

VA loan FHA loan Loans Renovation 257

Housing Wire

JUNE 11, 2024

Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee. ” The VA also clarified that veterans can still ask sellers to cover these fees. ” The circular is effective Aug.

VA loan 517

VA loan Loans Brokerage MLS 517

Housing Wire

DECEMBER 15, 2021

The overall market composite index dipped 30.9% For jumbo mortgage loans (greater than $548,250), rates decreased to 3.32% from 3.33% the week prior. Regarding the purchase market , Kan said mortgage applications increased slightly because a 1.7% decline in applications for government loans. from the week prior.

VA loan 410

VA loan FHA loan Fixed-rate mortgage Loans 410

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.

FHA loan 458

FHA loan VA loan Finance Loans 458

Housing Wire

MARCH 25, 2021

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. Yes, we’re talking about a bridge loan. A homebuyer’s guide to a competitive housing market.

Loans 542

Loans VA loan FHA loan Finance 542

Housing Wire

MAY 8, 2023

Assuming a VA loan I have nothing but the utmost respect for everyone serving in the military. Veterans Affairs (VA) mortgage loans can be an excellent product for veterans. VA loans can be assumed by anyone, and the new borrower assumes those benefits. You do not have to be a veteran to assume a VA loan.

VA loan 397

VA loan Mortgages Marketing Loans 397

Housing Wire

DECEMBER 3, 2023

Mortgage originations Purchase lending dominated the market overall, driving 86% of all first-lien lending in the third quarter. In 2024, roughly 75% of originations expected to come from purchase loans. in October, also a series high, while the average among FHA and VA loans hit 45.5% for FHA loans and 44.5%

Equity 441

Equity VA loan FHA loan Mortgages 441

Housing Wire

OCTOBER 25, 2024

Department of Veterans Affairs (VA) would be disadvantaged. Previously, under VA policy, although a veteran was allowed to use a buyer broker to purchase a home using their VA loan benefit, they could “not under any circumstances, be charged a brokerage fee or commission in connection with the services of such individuals.”

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VA loan Purchase and sale agreement Loans Agents 420

Housing Wire

NOVEMBER 10, 2023

In September, government-insured FHA loans represented a little over 15% of U.S. Meanwhile, military VA loans represented 6.3% Conventional loans remain the most common type of mortgage, making up over 75% of all loans. In cities with a notable military presence, VA loans have high usage.

FHA loan 441

FHA loan VA loan Mortgages Loans 441

Housing Wire

MAY 19, 2025

With rates in the high-6% range on 30-year fixed products, borrowers are increasingly turning to 7/1 ARM products , said Mike Fratantoni , chief economist for the Mortgage Bankers Association , during the trade group’s Secondary & Capital Markets Conference on Monday in New York City. It was a more affordable mortgage.”

Loans 311

Loans Mortgages Banks Finance 311

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 Department of Veterans Affairs (VA) loan activity was 10.5%, down from 10.7% from 14.8%

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.

Mortgages 473

Mortgages VA loan Finance Renovation 473

Housing Wire

DECEMBER 14, 2020

The iBuyer also said that homebuyers in Tucson, Arizona; Charlotte, North Carolina; Houston; San Antonio; and Austin, Texas, can tour and purchase any home on the market, via Opendoor. The option to finance a home via Opendoor Home Loans has also been expanded, according to the blog post.

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VA loan Loans Finance Technology 419

Housing Wire

JULY 26, 2024

Giving the company the “staff the agency needs to fulfill its responsibilities” will allow it to “focus on its core mission, including marketing Ginnie Mae securities to global investors and conducting oversight of the 300-plus companies that issue Ginnie Mae securities backed by FHA, RHS, and VA loans,” the letter explained.

VA loan 449

VA loan Loans Banks Mortgages 449

Housing Wire

MARCH 1, 2021

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? Streamline refinances (if you have an FHA or VA loan). Then put these three underrated mortgage products on your radar: More for Real Estate Enthusiasts.

Mortgages 432

Mortgages VA loan Loans Loan Officer 432

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%

Marketing 432

Marketing VA loan Days on market Loans 432

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%

Mortgages 500

Mortgages VA loan FHA loan Loans 500

Housing Wire

JUNE 5, 2024

On an unadjusted basis, the MBA’s market composite index decreased 16% compared with the prior week as mortgage rates remain firmly above 7% and home prices continue to remain near record levels. Department of Veterans Affairs (VA) loan applications. Mortgage applications dropped 5.2% of total applications, down from 31.3%

VA loan 445

VA loan Mortgages Fixed-rate mortgage Loans 445

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 421

Lending Mortgages VA loan Finance 421

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. FHA and VA loan production both gained in activity share to 20.6% and 10.4%, respectively. of the total.

VA loan 423

VA loan Mortgages FHA loan Loans 423

Housing Wire

OCTOBER 4, 2023

“So what I am seeing is that Loan Officers, myself included, who have worked a lot with first-time buyers and have working knowledge of various programs – whether it be FHA, Home Ready/Home Possible, bond programs (DPA/grant programs). They are staying busy relative to the market,” Ullmann said.

Loans 441

Loans FHA loan Loan Officer Mortgages 441

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