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 444

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.

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VA loan Agents Pre-approval Debt-to-income ratio 385

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 402

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. CMS is going heavy on a rarely used mortgage product to solve this market problem. Because Fannie Mae and Freddie Mac loans – nearly two-thirds of the mortgage market – are not eligible to be assumed, it’s a niche product.

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FHA loan Mortgages Loan Officer VA loan 371

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.

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Mortgages VA loan Finance Loans 464

Housing Wire

FEBRUARY 28, 2023

However, amid a challenging mortgage market, monthly production fell from over $1.1 The company has 548 active loan officers and 379 branches, per the Modex data. According to its website, it includes a portfolio with fixed and adjustable rate mortgages (ARMs) and government loans, such as FHA, USDA and VA loans.

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Lending VA loan Loan Officer Loans 330

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. They were withdrawing volatility from the market, and they were lowering rates to benefit consumers.

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FHA loan Bankruptcy Marketing Loans 429

Housing Wire

MARCH 1, 2021

Will we have a buyer’s housing market in 2021? 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. Streamline refinances (if you have an FHA or VA loan). 5 reasons to refinance your mortgage right now.

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Mortgages VA loan Loans Loan Officer 424

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 358

Housing Wire

APRIL 4, 2022

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. As interest rates rise, so do the monthly mortgage payments, which could be problematic for low-to-moderate income borrowers, said Alex Naumovych, loan officer at Draper & Kramer Mortgage.

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FHA loan Debt-to-income ratio Pre-approval VA loan 364

Real Trends

NOVEMBER 11, 2022

Today’s turbulent housing market means challenges for both buyers and sellers. As real estate professionals keep the challenges of our current market in mind, the financing options below can pave the way to deals that may otherwise not be possible. USDA loans. 2-1 buydowns. This option is increasing in popularity.

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Finance VA loan FHA loan Agents 106

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. While many lenders laid off some of their staff to cut costs, others continue opening offices to capitalize on demand from homebuyers.

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Mortgages Loans Lending Construction 382

Real Trends

MARCH 30, 2022

The market was hit with a one-two punch — inventory is down and mortgage rates are rising. The market has gone from 1,923 units to 438 for a home in this price range in just two years. How many came with an FHA 3% down or a VA loan that is 0% down and are not considered by the seller at all? Here’s 2021 data.

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Marketing VA loan Loans Loan Officer 73

Realty Biz

SEPTEMBER 30, 2023

Government-backed programs: Government-backed mortgage programs, such as FHA loans, VA loans, and USDA loans, often have more relaxed credit score requirements. 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 97

The Close

NOVEMBER 25, 2022

Finally, I’ll walk you through the exact steps I use to market to and close transactions with military buyers and sellers here in Hawaii. Here’s where your local market expertise comes into play. Easy financing through VA loans. Easy financing through Department of Veterans Affairs loans is another reason.

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VA loan Loans Loan Officer Finance 77

Marco Santarelli

OCTOBER 6, 2023

Occasionally loan servicers that are reselling a previously funded VA loan that was inherited through foreclosure will offer a qualifying assumable option to investors to purchase that property. Most all their loans are underwritten manually. Many investors will use their IRAs to purchase real estate in today’s market.

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Loans Hard money loan Lending Investor 98

Realty Biz

JUNE 15, 2022

Department of Veterans Affairs (VA) loan. Check with your loan officer to see if you qualify for any first-time buyer programs. Less competitive markets have more room for straightforward negotiations. You may be able to put down even less if you qualify for a U.S. Department of Agriculture (USDA) or U.S.

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Debt-to-income ratio VA loan Fixed-rate mortgage Loans 97

HomeLight

OCTOBER 15, 2020

These loans come with required mortgage insurance, and they typically have higher rates and fees. VA loans : These loans are for qualifying military service members and their families, and they’re backed by the Veterans Administration. VA loans require a minimum credit score of 620 and a maximum DTI of 41%.

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Loans FHA loan Debt-to-income ratio VA loan 97

Redfin

APRIL 7, 2023

With its pristine beaches, year-round sunshine, and thriving job market, it’s no wonder that so many people dream of owning a home in America’s Finest City. Get pre-approved for a mortgage My advice to first-time homebuyers is to find a good loan officer and get pre-approved, fully underwritten approval is best.

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Pre-approval Agents Pre-qualification Debt-to-income ratio 59

HomeLight

NOVEMBER 29, 2021

With so many DPA programs, you’ll want to consult with someone who will know them best — your loan officer. What types of mortgage loans are there? Down payment requirements differ depending upon the loan types. Conventional loans. Home loan benefits and housing programs offered through the U.S.

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Earnest money deposit FHA loan Purchase and sale agreement Inspection 89

Realty Biz

JANUARY 19, 2024

By following these steps, you can easily navigate the real estate market. Research different types of mortgages available, such as conventional, FHA, or VA loans. Your real estate agent will guide you through the process and help you determine a competitive offer price based on market conditions and comparable sales in the area.

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Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

HomeLight

JUNE 22, 2023

Save thousands when buying a home HomeLight recommended real estate agents are top-tier negotiators who understand the market data that helps you save as much as possible when buying your dream home. The loans offered by these institutions aren’t backed by a government agency, like an FHA loan or a VA loan would be.

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Debt-to-income ratio Mortgages FHA loan Loans 91

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. Submit the loan application.

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Loans Purchase and sale agreement Loan Officer Debt-to-income ratio 82

HomeLight

JUNE 19, 2023

Save thousands when buying a home HomeLight recommended real estate agents are top-tier negotiators who understand the market data that helps you save as much as possible when buying your dream home. But on the upside, these loans go as low as 0% down. Learn More What’s down payment assistance, or a down payment grant?

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FHA loan Closing costs Loans VA loan 102

HomeLight

AUGUST 16, 2021

You can qualify for loans with as little as 3.5% Service members, veterans, and surviving spouses qualify for these loans with 0% down. Further, he notes, would-be buyers using down payment assistance might find a challenging landscape in an uber-competitive market. Step 5: Get preapproved for your loan.

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Loans VA loan FHA loan Purchase and sale agreement 99

HomeLight

OCTOBER 2, 2020

If you opt for a government-backed loan program, like an FHA or VA loan, you will likely have to pay certain fees connected with these loans at close. For example, FHA loans require an upfront mortgage insurance payment, currently 1.75% of the loan amount. Government program fees. Third-party fees.

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Mortgages Title Loans VA loan 97

HomeLight

OCTOBER 26, 2021

We’ve asked Richard Helali, Loan Officer and Sales Lead at HomeLight Home Loans , to pull back the curtain to explain what happens during mortgage underwriting. You have to find the right people to help you, even if it means interviewing ten different loan officers.”. How long will it take?

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Pre-approval Mortgages Loans Loan Officer 85

HomeLight

NOVEMBER 10, 2021

An FHA loan , for example, requires a minimum of 3.5% A USDA home loan , which is available for rural and some suburban areas, might not require a minimum down payment at all. The same holds true for VA loans for military families. Home loans. However, eligibility and income restrictions can apply. Fort Lauderdale.

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Closing costs Loans Purchase and sale agreement Earnest money deposit 104

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. Types of USDA loans.

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Loans Mortgages FHA loan Debt-to-income ratio 95

HomeLight

JUNE 28, 2021

With properties often available below market value and down payment options potentially as low as 3.5% , purchasing a HUD home could be your golden ticket. Talk to your agent and a licensed loan officer to explore your options). HUD likes to price these houses to sell, and often you can snag a HUD home below fair market value.

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Pre-approval Pre-qualification FHA loan Inspection 97

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. There is always a chance a sale might not go through, especially in today’s wild interest rate market. It’s often presented as a percentage of the fair market value. Assignment.

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Purchase and sale agreement Title Proof of funds Pre-approval 98

Redfin

FEBRUARY 10, 2021

What to Expect for the Housing Market in 2021. housing market is different. While the economy expands and contracts, the housing market reacts, producing buyers and seller’s markets. The housing market will remain strong through 2021 as the economy recovers from the pandemic-driven recession.

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Debt-to-income ratio Pre-approval Inspection Purchase and sale agreement 76

HomeLight

DECEMBER 30, 2021

According to the National Association of Realtors® Research Group’s 2021 data , 64% of buyers have conventional loans, 16% have FHA loans and 14% received VA loans. The appraisal is usually the last piece of the loan package to be completed before closing. Understand the role of an appraiser.

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Loans Agents Inspection Closing 114

HomeLight

JANUARY 27, 2021

Ready to hit the market, buy your dream home and conquer this whole homeownership thing? They’ll have specialized market information that others won’t. Whether this will work depends on your market and how competitive it is. They’ll know what’s possible (and likely) in your market, at your price point.

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Closing costs Loans Inspection Earnest money deposit 114

HomeLight

AUGUST 31, 2021

It’s a DIY world, and she secured her loan ( with an equally awesome rate ) by going direct through her bank. A note about lenders, brokers, and no-closing-cost loans. Another common option that allows a borrower to potentially save on upfront costs – but will cost a bit more over the life of the loan – is the no-closing-cost loan.

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Mortgages Closing costs Loans Banks 80

HomeLight

JANUARY 31, 2022

Conventional loans can be approved with as little as 3% as a down payment. USDA loans are available mostly in rural areas and enable buyers to put down zero percent of the price. VA loans enable eligible active duty military personnel and veterans to buy a home with zero percent down. What is your loan term?

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Loans Mortgages FHA loan Principal 96

HomeLight

SEPTEMBER 30, 2021

For example, top California agent Jenny Rosas recalls working with a single mom who reached out to her during fall of 2020 and wanted to purchase a home in the Sacramento area, but felt there wasn’t much available in such a competitive real estate market. Another good bet is to speak to your friendly loan officer.

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Loans Pre-approval Mortgages VA loan 87