Housing Wire

NOVEMBER 8, 2021

This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. 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 395

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 407

Housing Wire

NOVEMBER 16, 2020

VA loans are mortgage loans that are guaranteed by the Department of Veterans Affairs. Only homebuyers who are military veterans, current military members or their spouses can qualify for a VA loan. Like VA loans, USDA loans require no down payment. Minimum down payment: Zero.

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VA loan FHA loan Mortgages Loans 481

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 383

Housing Wire

FEBRUARY 7, 2023

of the balance of a loan being assumed would be fair to both the borrower and the servicer.” ” Other stakeholders want even higher fees so they can compensate loan officers. And as a result, few mortgage loan officers have experience or comfort with the product. Tozer suggested “a fee of 1.3%

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FHA loan Mortgages Loan Officer VA loan 383

Housing Wire

MARCH 1, 2021

Streamline refinances (if you have an FHA or VA loan). Both FHA and VA loans come with a streamline refinance option, which essentially means a fast-tracked path to a new mortgage loan. You often won’t need a credit check, home appraisal or much paperwork, and you can close on your loan in just a couple of weeks.

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Mortgages VA loan Loans Loan Officer 427

Housing Wire

OCTOBER 6, 2023

The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans. And we are trying to help them navigate it because the market has overcapacity for both Realtors and loan officers right now,” Boyd said. “It’s hard for brokers to win deals now.

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Mortgages VA loan Finance Loans 469

Housing Wire

MAY 25, 2021

Like VA loans, which are popular with investors but not homesellers , the benefit would allow the borrower to skip the down payment altogether. Samuel Royer, the national director for Heroes First Home Loans at Churchill Mortgage and a veteran, came up with the idea for the program, to acknowledge first responders’ sacrifices, he said.

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FHA loan VA loan Loans Loan Officer 469

Housing Wire

MAY 26, 2021

ICE found that conventional loans comprised 81% of originations in April, while FHA loans were 10% and VA loans were just 6%. Purchase mortgages on average took 49 days to close in April.

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Closing Mortgages VA loan FHA loan 446

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 370

Housing Wire

OCTOBER 27, 2020

Perfect credit would certainly make getting a loan easier (and cheaper), but it’s not a requirement by any means. FHA loans require just a 500 credit score, as long as you can make a 10% down payment, while VA loans have no credit score requirement whatsoever. Just remember: A perfect score isn’t everything.

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Debt-to-income ratio VA loan FHA loan Loan Officer 413

Real Trends

NOVEMBER 11, 2022

Real estate professionals should make their customers aware of extra fees associated with USDA loans including an upfront fee of 1% of the loan amount and an annual fee. VA loans provide flexible, low-interest mortgages for active military members and veterans. This option is increasing in popularity.

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Finance VA loan FHA loan Agents 106

Housing Wire

SEPTEMBER 22, 2023

The employment data comes out on a lag basis for brokers and loan officers. If the FHA loans layered with a DPA are more costly, how do first-time buyers benefit from these programs? The foreclosure rate for FHA loans is higher than the foreclosure rate for VA loans or Fannie Mae or Freddie Mac loans.

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FHA loan Bankruptcy Marketing Loans 446

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.

Finance 103

Finance Debt-to-income ratio FHA loan Mortgages 103

HomeLight

AUGUST 31, 2021

Mortgage insurance requirements: No mortgage insurance requirement, but there is a “guarantee fee” of 1% of the loan amount, and an annual fee of 0.35%. Important things to know: A low or zero down payment will not significantly impact your interest rate with a USDA loan. That’s when you talk to a loan officer,” Helali insists.

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FHA loan VA loan Loans Loan Officer 97

Realtor.com

DECEMBER 20, 2021

“The best advice that I could give is to get a couple of recommendations for loan officers in your area,” says Nathan Perkins Jr. , To be eligible for a VA loan, you must have served in the military, the National Guard, or the Reserves, or be the spouse of a service member who died in the line of duty.

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Pre-approval Loans Loan Officer VA loan 137

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 81

C4D Crew

JANUARY 13, 2022

Most loans require at least a 3.5% If you’re a veteran who qualifies for a VA loan, you might not have to put any money down at all. . Getting a Loan. When you’re ready to apply for a loan, make sure you get pre-approved first. These are the types of loans you may qualify for: Conventional Loan.

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Loans Closing Pre-approval VA loan 52

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 395

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 94

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. A 20% down payment will help you avoid paying private mortgage insurance (PMI), but you can secure a conventional mortgage with as little as 3% down. Department of Agriculture (USDA) or U.S.

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Debt-to-income ratio VA loan Fixed-rate mortgage Loans 98

Real Trends

MARCH 30, 2022

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? Realtors have seen buyer and seller markets and loan officers have seen high and low rates. Meanwhile the agent who has a house listed is in the catbird seat with this line hungry to make an offer.

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Marketing VA loan Loans Loan Officer 73

Housing Wire

NOVEMBER 7, 2023

mortgage delinquencies — which include conventional, FHA and VA loans — are still near record lows of 3.37% per the MBA. This makes the POS more relevant as a loan manufacturing tool, giving loan officers and underwriters a more complete borrower and property profile sooner in the process. housing value is now $44.5

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Debt-to-income ratio Mortgages VA loan Loans 406

Redfin

APRIL 7, 2023

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. Work with that loan officer and their agent to understand what timeframes they’re comfortable with in an offer.

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

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. That said, some of these loan programs make you a more attractive buyer than others. “If If you’re getting down payment assistance, you’re much better going with an FHA loan.

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Loans VA loan FHA loan Purchase and sale agreement 96

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. Appraisal fee.

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Mortgages Title Loans VA loan 95

HomeLight

OCTOBER 1, 2020

This, of course, depends on a few variables, such as getting preapproved for a mortgage, or whether you’re taking out an FHA or a VA loan, which may take a bit longer. (We The very first step that must take place before a loan officer can submit your application for processing is that the seller must accept your offer.

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Closing Purchase and sale agreement Inspection Loans 74

HomeLight

JUNE 28, 2021

Yet interested buyers can still purchase uninsurable houses if they pay with cash or can get some form of loan on it (depending on the condition of the home, traditional mortgage financing could be tricky, but there could be alternatives. Talk to your agent and a licensed loan officer to explore your options).

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Pre-approval Pre-qualification FHA loan Inspection 93

HomeLight

JUNE 18, 2021

VA funding fee. To offset the cost of administration, VA loan borrowers must pay a fee at closing. of loan amount. But your loan officer should be able to give you an estimate of the cost upfront. Ask your loan officer, ‘What can change for the better? Attorney fee.

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Closing costs Closing Mortgages Title 104

HomeLight

OCTOBER 29, 2021

Conventional loans closed in an average of 47 days in July 2021, while FHA loans took 51 days, and VA loans required an average of 52 to close. When you submit the application, be sure to ask your loan officer if the company needs any additional information or paperwork from you.

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Closing Inspection Title Due diligence 81

HomeLight

JANUARY 27, 2021

VA loans : Finally, there are VA loans that have advantageous features for qualifying military service members and their spouses. Other features: VA loans are a great option for qualifying buyers because they have low rates and fees, and require zero down. Minimum down payment : 0%.

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Closing costs Loans Inspection Earnest money deposit 117

Housing Wire

MAY 31, 2022

Headed by sales managers Tim Hattan and Tom Bond, as well as loan officer Dalton Clark, the team has expertise in construction lending, which can help buyers determine whether a construction loan will be a viable option. .

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Mortgages Loans Lending Construction 383

HomeLight

MAY 31, 2021

These are things you just might not know as a buyer — but your agent and loan officer can give you guidance! What type of home loans do you offer? There are several types of home loans out there, and you’ll want to ask any potential lender which ones they offer, as not all lenders support all loan types.

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Mortgages Debt-to-income ratio Loans Closing costs 58

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 85

Marco Santarelli

OCTOBER 6, 2023

For investment property loans FHA or VA does not offer a non-owner occupied programs. 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.

Loans 98

Loans Hard money loan Lending Investor 98

HomeLight

JUNE 22, 2023

She advises that the sooner you contact an agent, the sooner they can recommend a qualified loan officer that can advise you on your financial situations and steps you might take to save a downpayment or fix issues with your credit which could take up to a year and a half to repair. to 1% of the loan amount annually.

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Debt-to-income ratio Mortgages FHA loan Loans 85

HomeLight

JUNE 19, 2023

USDA loans USDA loans are only available in certain rural areas (though those areas cover around 97% of the country), and buyers must meet program income requirements. But on the upside, these loans go as low as 0% down. Minimum down payment required : 3.5% Your agent can help you identify which lenders work with each program.

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FHA loan Closing costs Loans VA loan 101