Housing Wire

NOVEMBER 27, 2024

But government loans saw their shares shrink. Federal Housing Administration (FHA) loans shed 60 bps during the week to represent 16% of all applications while U.S. Department of Veterans Affairs (VA) loans were down 120 bps to 12.4% 1, Fannie Mae and Freddie Mac will purchase loans with balances up to $806,500 — a 5.2%

Mortgages

Housing Wire

JANUARY 14, 2025

. “Notably, conforming loan share has hovered around historic lows for the past five months, hitting 51% last month. This trend illustrates how borrowers are relying increasingly on government and non-conforming loans to finance in a challenging market.” ” The conforming loan share dropped by 1.5%

VA loan

Housing Wire

DECEMBER 3, 2024

Per FICO’s press release, the Montana-based company collaborated with the VA to confirm acceptance of FICO Score 10 T ahead of the widespread transition as required by the Federal Housing Finance Agency (FHFA). Cardinal claims to be one of the first lenders to adopt FICO 10 T for its nonconforming loans.

VA loan

Housing Wire

NOVEMBER 4, 2024

But for first-time and other cash-strapped buyers—those who are not relying on the proceeds of a home sale, who may be using a 100% financed VA loan, whose agents may be layering forms of assistance to put together enough cash for closing—knowing in advance about the seller’s contribution to their agent costs may be essential.

Debt-to-income ratio

Housing Wire

DECEMBER 4, 2024

In 2025, jumbo loans will increase to a minimum size of $806,501 — a 5.2% increase from the current floor that is consistent with home-price increases , according to an announcement last week from the Federal Housing Finance Agency (FHFA). But government loans trended slightly upward. in the prior week. the previous week.

Mortgages

Housing Wire

MAY 5, 2025

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. VA foreclosures surged 54% after a moratorium ended , while FHA foreclosures rose 11%.

Lending

Real Estate News

JULY 7, 2025

Down payments that large aren't routine these days, but most buyers don't realize this because they aren't turning to agents with their home financing questions. As an agent, there are many opportunities throughout the homebuying process to offer a client guidance — and that includes strategies for financing their purchase.

VA loan

Housing Wire

MAY 19, 2025

” Homebuilders now have about 500,000 homes on the market, and their financing arms are another potential source of relief. “Builders are doing a lot more of these buydown loans, so they’re able to sacrifice a little on the loan because they can make up for it on the home price,” Curro said. ”

Loans

Housing Wire

NOVEMBER 27, 2024

The Federal Housing Finance Agency (FHFA)’s updated pricing framework in 2023 sparked significant debate over LLPAs. producer of government loans at $37.1 year-over-year increase, according to estimates from Inside Mortgage Finance. LLPAs are fees based on a borrower’s risk profile that affect the cost of a mortgage.

Loans

Marco Santarelli

JANUARY 2, 2025

VA Loans : For military service members and veterans, VA loans offer competitive rates that are often lower than conventional loans, along with favorable terms. Adjustable-Rate Mortgages (ARMs) : These can be attractive at the onset due to lower introductory rates.

Mortgages

The Mortgage Report

JULY 1, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? But not everyone can afford to put 20% down.

Loans

Marco Santarelli

DECEMBER 31, 2024

30-Year VA 6.08% -0.04 15-Year VA 5.63% -0.07 5/1 VA 6.27% -0.03 30-Year VA 6.11% -0.03 15-Year VA 5.99% -0.01 5/1 VA 6.50% -0.04 If housing inventory is low and demand remains high, price increases can occur, affecting affordability and driving buyers toward financing options. 5/1 ARM 6.71% -0.05

Mortgages

Redfin

FEBRUARY 18, 2025

Key features of USDA loans: No down payment: One of the biggest benefits is that USDA loans typically require no down payment. You can finance up to 100% of the appraised value of the home. Low interest rates: USDA loans often have very competitive interest rates, sometimes even lower than conventional loans.

Closing costs

Marco Santarelli

DECEMBER 24, 2024

Understanding how today's mortgage rates rise or fall can help you make better financial decisions regarding your home financing options. FHA and VA Loans : The 30-Year FHA rate stands at 5.58% and VA loans at 6.10% , making these government-backed loans attractive options for certain borrowers, often with lower down payments required.

Mortgages

Rochester Real Estate

NOVEMBER 5, 2015

Top Mortgage Blogs From 2017 Best Mortgage & Home Financing Blogs From 2017 We’re back! Below you’re going to find some incredible recaps of home financing and mortgage blogs that have been published during 2017. This week we’re highlighting the best mortgage blogs from this year! Happy house hunting!

Finance

The Mortgage Report

JUNE 24, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

Equity

The Mortgage Report

JULY 24, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

FHA 203k rehab loan

Marco Santarelli

DECEMBER 21, 2024

FHA and VA Loans For low-income or first-time homebuyers, FHA loans provide essential options. These loans are insured by the Federal Housing Administration and require lower credit scores and down payments. These loans are insured by the Federal Housing Administration and require lower credit scores and down payments.

Mortgages

Marco Santarelli

APRIL 16, 2025

Utilize online mortgage calculators, like Yahoo Finances mortgage calculator, for accurate estimates integrating all these costs. Your monthly mortgage payment consists mainly of principal, interest, property taxes, homeowners insurance, and possibly private mortgage insurance (PMI).

Fixed-rate mortgage

Norada Real Estate

JULY 3, 2025

These loans often have fixed or adjustable interest rates and are available for varying term lengths. Conforming loans typically have lower interest rates since they are less risky for lenders. Conversely, government loans , such as FHA and VA loans, are backed by the federal government.

Loans

Marco Santarelli

DECEMBER 22, 2024

Understanding these rates and how they can impact your financial decisions is crucial as you navigate your home financing options. However, a positive consideration is ensuring the additional debt taken on does not outweigh the benefits derived from the equity financing.

Mortgages

Redfin

MARCH 26, 2025

When buying a home, few clauses are as important, or as misunderstood, as the financing contingency. Whether its your first time buying a home in Seattle, WA or youre looking to invest in a condo in Austin, TX , understanding how a financing contingency works can help you navigate the process and avoid costly mistakes.

Finance

Redfin

JULY 24, 2025

” Simply put, a down payment is the initial sum of money you pay upfront when buying a home, with the remaining amount financed through a mortgage. According to the National Association of Realtors , 52% of first-time buyers used a conventional loan to finance their home, while 29% used an FHA loan, and 9% used a VA loan.

FHA loan

The Mortgage Report

JUNE 17, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford?

FHA 203k rehab loan

Marco Santarelli

APRIL 30, 2025

FHA and VA Loan Rates For FHA loans , which are particularly attractive to first-time homebuyers, average rates are just below 6% , making them competitive. The Federal Housing Administration insures these loans, allowing lenders to offer better terms to borrowers, especially those with lower credit scores.

VA loan

The Mortgage Report

JULY 11, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? Verify your home buying eligibility.

FHA 203k rehab loan

AAOA

JANUARY 27, 2025

When buying a rental property, there are local price trends, zoning rules and vacancy rates to consider in addition to financing and renovation costs. Be aware of the down payment requirements and interest rates of conventional, commercial, FHA and VA loans, as they may vary depending on the size of the property.

Property Management

The Close

JUNE 9, 2025

Financing hurdles: FHA or VA loans have extra paperwork, income requirements, and reserve rules. It lets you collect rent, track expenses, and manage your property finances in one simple dashboard. A Guide for Landlords Financing options for house hackers You don’t need millions of dollars to start house hacking.

VA loan

Redfin

MARCH 11, 2025

However, if you back out of the deal for reasons not covered by contingencies (such as inspection or financing), you may forfeit the earnest money to the seller. If youre financing the purchase, the money is typically sent to your lender, who applies it toward your down payment. Does earnest money go towards the down payment?

Earnest money deposit

Marco Santarelli

DECEMBER 28, 2024

VA Loans VA loans provide flexible financing solutions, particularly for veterans and active service members. It's always best to check local lenders for the most accurate rates. It's always best to check local lenders for the most accurate rates.

VA loan

Marco Santarelli

MARCH 4, 2025

VA Loans: For eligible veterans, VA loans offer great benefits, including no down payment and often lower interest rates. FHA Loans: FHA loans are insured by the Federal Housing Administration and are designed for borrowers with lower credit scores or smaller down payments. ARMs can be risky.

Mortgages

Marco Santarelli

DECEMBER 22, 2024

Current Mortgage Rates According to Zillow , as of December 22, 2024, here are the national average mortgage rates for various loan types: 30-year fixed: 6.67% 20-year fixed: 6.52% 15-year fixed: 6.03% 5/1 ARM: 6.71% 7/1 ARM: 6.60% 30-year VA loan: 6.07% 15-year VA loan: 5.57% 5/1 VA loan: 6.32% For refinancing, the average rates are slightly (..)

Mortgages

The Mortgage Report

JUNE 9, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? But beyond finances, I think mindset matters.

FHA 203k rehab loan

Redfin

JULY 23, 2025

The amount you’ll be required to put down may vary depending on the loan program you use to finance the home purchase. Government-backed loans like USDA and VA allow down payments as low as 0%. On the other end of the spectrum, jumbo loans may require minimum down payments of 10% or more.

FHA loan

Calculated Risk Real Estate

JULY 7, 2025

While this deceleration may help affordability, it could potentially weaken the equity positions of borrowers who purchased more recently, particularly those using FHA and VA loans, which are low down payment products. In certain markets, the figures are more pronounced: in Cape Coral, Fla.,

Mortgages

Marco Santarelli

JANUARY 4, 2025

When you're navigating the complex world of home financing, mortgage rates can significantly influence your financial plans. Whether youre buying a new home, contemplating a refinance, or merely keeping tabs on the market, knowledge is your strongest ally in achieving favorable financing.

Mortgages

The Mortgage Report

JUNE 13, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Verify your FHA loan eligibility. How Much Home Can I Afford?

FHA loan