Housing Wire

NOVEMBER 16, 2020

They allow for lower credit scores than most other loans. The one caveat with FHA loans is that they require a Mortgage Insurance Premium both at closing and as part of your monthly payment. The exact cost of this varies based on your loan balance and down payment. USDA loans. USDA loans are mortgages backed by the U.S.

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VA loan FHA loan Mortgages Loans 489

Housing Wire

SEPTEMBER 23, 2024

Department of Veterans Affairs (VA) space. Before that, Bergjans spent eight years at Caliber Home Loans , including stints as national director of military and veteran lending and as head of retail business development. Bergjans joined the company this month as its national director of military growth and strategy.

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VA loan Lending Loans Loan Officer 425

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 463

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.

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VA loan Agents Pre-approval Debt-to-income ratio 400

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. ” According to Scotsman Guide , Potempa was the No. million. .

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Loan Officer Mortgages VA loan Lending 425

Housing Wire

MAY 25, 2021

New legislation would extend a benefit similar to Veterans Affairs loans to first responders and teachers who buy homes. Mortgages would be subject to FHA loan limits. The benefit is modeled on the widely used home loan program for veterans, which is administered by the Department of Veterans Affairs. Al Lawson (D-Fla.),

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FHA loan VA loan Loans Loan Officer 477

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. USDA loans. Though USDA loans are technically reserved for homes in “rural” areas, you’d be surprised at how much of America actually qualifies for these mortgages. How much house can you afford to buy?

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Mortgages VA loan Loans Loan Officer 436

Housing Wire

MAY 26, 2021

The percentage of purchase mortgages increased to 43% of total closed loans. The average interest rate for all loans was 3.22% in April, the report found — up from 2.99% in March. The average interest rate for all loans was 3.22% in April, the report found — up from 2.99% in March.

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Closing Mortgages VA loan FHA loan 455

Housing Wire

SEPTEMBER 30, 2022

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. Best’s top three tips for loan officers using TikTok are to be your genuine self, keep it short and sweet, and “just do the video.”. followers and 524.8k

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VA loan Mortgages Loan Officer Branding 413

Housing Wire

MARCH 28, 2024

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. The lender posted production of $3 billion across 8,569 loans in full year 2023.

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Loan Officer VA loan Loans Technology 436

Housing Wire

MAY 28, 2024

Veterans and their families who were deceived into refinancing their VA loans were overcharged and did not receive the loan products promised, resulting in significant consumer harm,” Mark Pearce, director of FDIC’s division of depositor and consumer protection, said in a statement.

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Banks Mortgages VA loan Loan Officer 435

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The fees are typically lower than in new loans, and no appraisal is needed. In fact, it was fairly common a few decades ago.

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FHA loan Mortgages Loan Officer VA loan 386

Housing Wire

OCTOBER 27, 2020

It influences what loans you’re eligible for, how much you can take out, and how much you’ll pay in interest over the life of your loan. Perfect credit would certainly make getting a loan easier (and cheaper), but it’s not a requirement by any means. Myth 2: You can’t buy a house if you have lots of student loan debt.

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Debt-to-income ratio VA loan FHA loan Loan Officer 421

Housing Wire

SEPTEMBER 6, 2024

Mortgage rate pricing for homebuyers hasn’t changed significantly as lenders have already priced in a Federal Reserve rate cut of 25 basis points (bps) that is expected later this month, loan originators told HousingWire. Department of Veterans Affairs (VA) loan with no points or buydowns. That did not happen.

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Mortgages VA loan FHA loan Fixed-rate mortgage 455

Housing Wire

FEBRUARY 28, 2023

The company has 548 active loan officers and 379 branches, per the Modex data. According to Messer, Prosperity started as a joint venture with Wells Fargo Ventures and Long & Foster Companies , and the company’s “entire DNA is strictly built out of purchase loans.”

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Lending VA loan Loan Officer Loans 386

Housing Wire

MAY 8, 2023

I have been in the mortgage industry for nine years, with my loan officer in the industry for 19 years and my Realtor for over 10 years. 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.

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VA loan Mortgages Marketing Loans 400

Housing Wire

OCTOBER 6, 2023

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

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Mortgages VA loan Finance Renovation 477

Housing Wire

AUGUST 2, 2024

Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire on Friday. Indeed, one West Coast LO told HousingWire that he quoted a borrower a 5.75% rate on a 30-year FHA loan for a $500,000 Southern California home purchase.

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Mortgages FHA loan Loans Loan Officer 507

Housing Wire

NOVEMBER 7, 2023

This implies easing inflation next year, and mortgage rates near 6% would help affordability issues caused by two things: The inflation fight has fueled the mortgage rate spike Low inventory and a steady job market have put a floor on home prices The good news is that GSEs remain committed to loan approval guidelines that help in these tough cycles.

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Debt-to-income ratio Mortgages VA loan Loans 413

Housing Wire

APRIL 4, 2022

Text sign showing hand written words FHA Home loan. Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined.

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FHA loan Debt-to-income ratio Pre-approval Loan Officer 370

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.

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VA loan Loans Lending Loan Officer 107

Housing Wire

JUNE 5, 2025

They can also determine their eligibility for government financing programs such FHA and VA loans, or other low- or zero-down payment loans. Tools for real estate professionals For agents and loan officers, Afordal offers customer insights and prioritization tools.

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VA loan Mortgages Loan Officer Principal 266

Housing Wire

MAY 31, 2022

Among them are Geneva Financial , a mortgage lender headquartered in Arizona, which opened a branch location in Chicago, and New Western , a real estate investment firm, which also launched its first office in Chicago, marking its expansion with its 43rd office location in its 19th state. Department of Agriculture (USDA).

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Mortgages Loans Lending Construction 386

Housing Wire

SEPTEMBER 22, 2023

Read on to learn more about Duncan’s views on the housing market, loan performance and affordability challenges homebuyers face. The servicing side of the business is doing very well because those loans are simply not going to prepay for a long time. So, the servicing valuation on those loans is strong, because pre-payments are low.

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FHA loan Bankruptcy Marketing Loans 455

Housing Wire

JULY 29, 2024

HAM flags the loan, does a review, creates an intervention plan and contacts the borrower to review options. Designed as a co-bot, Loan Buddy would direct questions to a human on the loan team if it had low confidence in its answer. Conversations with Loan Buddy would be recorded and available to the loan team.

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Loans VA loan Technology Property Management 343

HomeLight

OCTOBER 15, 2020

We talked to Jessica Sanchez, Director of Underwriting & Loan Management at HomeLight Home Loans, to walk through the ins and outs of conventional loans. What’s a conventional loan? A conventional loan is a private mortgage that’s not backed by the federal government (we’ll get to government loans in a bit).

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Loans Debt-to-income ratio FHA loan VA loan 98

Real Trends

NOVEMBER 11, 2022

FHA loans aim to make homeownership possible for borrowers with less-than-perfect credit and without a large down payment requirement. Backed by the Federal Housing Administration, FHA loans have more competitive interest rates, something that could be key for buyers in today’s market. USDA loans. Piggyback loans.

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Finance VA loan FHA loan Agents 113

Marco Santarelli

OCTOBER 6, 2023

When you start searching for mortgage options, you will probably find out that there are different types of mortgage loans to choose from for an investment property. With so many types of loans, you may most likely don't know where to begin. Different Types of Loans You Can Get for an Investment Property 1.

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Loans Hard money loan Lending Banks 98

HomeLight

AUGUST 31, 2021

We consulted expert Richie Helali, mortgage sales leader at HomeLight Home Loans, to walk you through the basics. Every time a bank provides somebody with a loan, the bank’s essentially investing in that person.”. All the major loan programs accept much lower minimum down payments, with a few even offering zero-down loans.

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FHA loan VA loan Loans Loan Officer 105

HomeLight

AUGUST 16, 2021

First-time homebuyer loans can help make it easier on first-time homebuyers , offering access to special mortgage programs with low down payments. With this expert-backed guide, we’re here to help: Here’s how to apply for a first time home buyers loan in eight manageable steps. You can qualify for loans with as little as 3.5%

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Loans VA loan FHA loan Purchase and sale agreement 105

HomeLight

OCTOBER 15, 2020

Many wishful homeowners would just keep on driving and try to forget that their dream home is on the market … but you know how to apply for a USDA loan, so you turn your car around and head home to do just that. These loans — like FHA and VA loans — are backed by the government. Among its attractive features?

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Loans Purchase and sale agreement Loan Officer Debt-to-income ratio 85

Rochester Real Estate

NOVEMBER 5, 2015

It’s unfortunate, but not every prospective buyer is going to be able to qualify for a home loan. In the simplest terms the main difference is that a bank has its own lending criteria and offers loans by using its own funds. You have no control over who you loan gets sold to. In contrast, a mortgage broker is a middleman.

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Finance Mortgages VA loan Pre-approval 52

Realtor.com

NOVEMBER 28, 2022

While there are a variety of mortgages aimed at helping homebuyers afford a home—such as FHA loans and VA loans —one type that’s often overlooked are USDA loans, which offer excellent terms to those who qualify, including a 0% down payment and low interest rates. What is a USDA loan? Types of USDA loans.

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Loans Mortgages FHA loan Debt-to-income ratio 95

HomeLight

JANUARY 31, 2022

You’re thinking about buying a house, but you aren’t sure what your mortgage loan (or monthly payment ) will look like. Still, to make your dream a reality, determining how to estimate a mortgage loan and how much you can spend is something you’re going to have to do. Source: (sarah b / Unsplash). as a down payment.

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Loans Mortgages FHA loan Principal 98

HomeLight

NOVEMBER 29, 2021

While most people have heard that 20% down is some kind of standard, many are unaware that it is possible to buy a home with as little as 3% down — or even no money down, depending on the loan requirements. Before diving into loan options, make sure you know how much you can actually afford with the income you currently have.

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Earnest money deposit FHA loan Purchase and sale agreement Inspection 110

Realty Biz

SEPTEMBER 30, 2023

By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation. Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance.

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Finance Debt-to-income ratio FHA loan Mortgages 96

The Close

NOVEMBER 25, 2022

Easy financing through VA loans. Easy financing through Department of Veterans Affairs loans is another reason. Zero interest loans are an even bigger deal in our current lending environment! The loan officer should be well-versed in VA financing. It’s also a 0% interest loan.

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VA loan Loans Loan Officer Finance 98