Calculated Risk Real Estate

MAY 16, 2024

From the MBA: Mortgage Delinquencies Increase Slightly in the First Quarter of 2024 The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.94 The percentage of loans on which foreclosure actions were started in the first quarter remained unchanged at 0.14

VA loan 111

VA loan FHA loan Mortgages Loans 111

Housing Wire

JUNE 1, 2022

Purchase applications last week were 14% lower than last year, with more activity in the larger loan sizes, said Kan. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($642,000 or less) fell to 5.33% from 5.46% in the prior week. the prior week, and the VA loan share dropped to 10.2%

Fixed-rate mortgage 427

Fixed-rate mortgage Mortgages VA loan Loans 427

Housing Wire

MARCH 21, 2022

The loans that are exempt from RESPA. Loan types covered by RESPA are many, but there are specifically exempt loan types. Construction-only loans. A loan is not wrapped under RESPA if it is a construction-to-permanent loan. However, RESPA applies to a construction-to-permanent loan inside one bundle.

Agents 370

Agents VA loan Land Construction 370

Housing Wire

MARCH 16, 2022

Interest in residential mortgages fell 1.2% That’s led to a significant decline in refinance activity, both for conventional and government loans. Purchase applications slightly increased, with both conventional and VA loan applications seeing gains,” said Kan. of total applications. from 10.4%.

Fixed-rate mortgage 383

Fixed-rate mortgage Mortgages VA loan Loans 383

Housing Wire

MAY 4, 2022

from the prior week, fueled by increased conventional, Federal Housing Administration (FHA) and Veterans Affairs (VA) loan-application volume. The average contract interest rate for 30-year fixed-rate mortgages with jumbo-loan balances (greater than $647,200) jumped to 4.92 The seasonally adjusted purchase index rose 4.1%

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages VA loan Loans 370

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 383

Housing Wire

JUNE 8, 2022

The average contract interest rate for 30-year-fixed-rate mortgages with conforming loan balances ($642,000 or less) rose to 5.40% from 5.33%. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $647,000) rose to 4.90% from 4.93%. year over year. . of total applications.

Fixed-rate mortgage 395

Fixed-rate mortgage Mortgages VA loan Loans 395

Housing Wire

APRIL 19, 2023

As the banking crisis stabilized last week, mortgage rates increased, reducing borrower demand for home loans. This was a reversal of the previous week’s trend, when homebuyers’ loan demand increased by 5.3%. retail residential mortgage applications. Overall, mortgage applications fell last week by 8.8%

Mortgages 383

Mortgages Fixed-rate mortgage Marketing Loans 383

Calculated Risk Real Estate

FEBRUARY 8, 2024

From the MBA: Mortgage Delinquencies Increase in the Fourth Quarter of 2023 The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.88 The percentage of loans on which foreclosure actions were started in the fourth quarter remained unchanged at 0.14

FHA loan 72

FHA loan Mortgages VA loan Loans 72

RIS Media

MAY 9, 2022

The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.11% of all loans outstanding at the end of the first quarter of 2022, according to the latest Mortgage Bankers Association’s (MBA) National Delinquency Survey, released last week.

FHA loan 104

FHA loan VA loan Mortgages Loans 104

Housing Wire

DECEMBER 3, 2020

Proposition 19 eliminated the ability of homeowners to transfer primary residential properties to their children or grandchildren without the property’s tax assessment resetting to market value if the property is being used as a rental house or second home.

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VA loan Principal Equity Residential 405

Realty Biz

MARCH 28, 2023

Real estate investors often can’t find the same types of attractive home lending terms as those who are purchasing a residential home exclusively to live in. FHA Loans With backing from the Federal Housing Administration, an FHA loan has extremely low credit requirements and can be obtained for down payments as modest as 3.5

VA loan 76

VA loan FHA loan Debt-to-income ratio Investor 76

Realty Biz

OCTOBER 4, 2020

A study by American Student Assistance found that 55% of student loan holders said their debt is causing them to put off homeownership. Those student loans have no more effect on your ability to qualify for a mortgage than any other type of debt that you might have. Student loans count the same as a car loan or credit card.

Debt-to-income ratio 76

Debt-to-income ratio Loans VA loan FHA loan 76

HomeLight

JULY 31, 2022

Essentially, equity is the market value of your property minus the amount of money you still owe on your mortgage loan. a reduction in “the interest rate on any pre-service loans to a maximum” of 6%. Home Loan program. The Department of Veterans Affairs (VA) offers a Home Loan program that “guarantees a percentage of the loan.”

VA loan 67

VA loan Purchase and sale agreement Short sale Pre-approval 67

HomeLight

MAY 8, 2024

Before listing your home, you will need to fill out the Louisiana Residential Property Disclosure so that potential buyers are aware of what they are getting into. According to the document, “a seller of residential real property shall furnish buyers with a Property Disclosure Document.” No Is a real estate attorney required?

As-is 87

As-is Inspection Finance Residential 87

Real Trends

MARCH 18, 2022

The loans that are exempt from RESPA. Loan types covered by RESPA are many, but there are specifically exempt loan types. Construction-only loans. A loan is not wrapped under RESPA if it is a construction-to-permanent loan. However, RESPA applies to a construction-to-permanent loan inside one bundle.

Agents 67

Agents VA loan Land Construction 67

McKissock

DECEMBER 15, 2020

A VA loan permits an eligible veteran to borrow up to 103.3% The VA uses state-licensed or state-certified appraisers to provide opinions of value for the homes on which it guarantees the mortgages. In order to complete a VA appraisal , you must be on the VA panel. VA appraisal panel vs. FHA appraisal roster.

VA loan 53

VA loan Loans Residential As-is 53

Housing Wire

MAY 6, 2024

HUD also seeks to transition away from the discontinued Fannie Mae Form 1009, the residential loan application for reverse mortgages, to Form 1003, the Uniform Residential Loan Application (URLA). Department of Veterans Affairs (VA) loans.

VA loan 417

VA loan Principal Loans Residential 417

McKissock

FEBRUARY 13, 2023

Don’t miss this FREE update on VA appraisal topics on Wednesday, February 22nd from 11am-12pm ET. He was an independent fee appraiser on the VA panel for over 9 years prior to his current position. He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. Sign up now.

VA loan 85

VA loan Principal Development Title 85

Louisville Homes

MAY 3, 2021

You have to meet certain requirements to qualify for a HomeReady Program: Income must be lower than 80% of your county’s income Debt-to-income (DTI) ratio < 45% Loan limits set by Fannie Mae A minimum credit score of 620 Homeownership education course. Requirements for VA Loans: Eligible Veteran – Certificate of Eligibility (COE).

FHA loan 52

FHA loan VA loan Loans Finance 52

HomeLight

JANUARY 22, 2024

A good time to fill out a Residential Property Disclosure Statement is prior to listing your home or requesting an offer so that you know it’s taken care of. According to the document, “owners must disclose to prospective purchasers of residential real property.” Yes Is a real estate attorney required?

As-is 86

As-is Inspection Renovation Equity 86

Realty Biz

SEPTEMBER 23, 2023

Whether it's residential, commercial, or investment properties, working with an agent with expertise in your desired area can be highly beneficial. With pre-approval, you'll receive a conditional commitment from the lender, stating the maximum loan amount for which you are approved.

Purchase and sale agreement 73

Purchase and sale agreement Pre-approval Agents Pre-qualification 73

McKissock

FEBRUARY 13, 2023

Meet the presenters James Heaslet Serving as the Chief Appraiser for the Veterans Affairs (VA) Loan Guaranty Service since 2018, James is responsible for developing and overseeing policies and regulations for the VA Construction and Valuation department. View Pro-Series webinars.

VA loan 52

VA loan Principal Development Title 52

HomeLight

DECEMBER 31, 2023

Fast facts about selling a house ‘as is’ in Arizona Median sales price in Arizona $430,990 Average days on market (DOM) for Arizona 56 Disclosures Arizona law requires sellers to disclose material facts about the property through the Residential Seller’s Property Disclosure Statement (SPDS) MLS has a field to mark a listing “as is”?

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Realty Biz

FEBRUARY 21, 2022

However, it is pretty much a rule if you want to avoid private mortgage insurance (PMI) on a conventional loan. The amount varies but is typically between 0.5% – 1% of your loan amount per year. It protects your lender if you stop making payments on your loan. Lenders will not approve a loan for more than the appraised value.

Loans 93

Loans Equity VA loan FHA loan 93

Realty Biz

MARCH 22, 2022

The partial truth is that buyers who take out a conventional loan can avoid paying private mortgage insurance by making a 20% down payment. But the bigger fact is that almost everyone (including those taking out a conventional loan) qualifies for a mortgage with much less than a 20% down payment. That is true.

Closing costs 78

Closing costs VA loan Loans FHA loan 78

Real Trends

MAY 9, 2023

And a bonus: Local broker marketplaces level the playing field for all types and sizes of residential real estate brokerages. At the same time, veterans would be disadvantaged because the Veterans Administration does not allow veterans to pay real estate commissions when using VA loans.

MLS 94

MLS VA loan Equity Agents 94

The Residential Specialist

MAY 31, 2023

Stroud understands the military lifestyle and provides his knowledge on relocation and VA loan assumption to better assist his family members who are currently going through these processes. Stroud’s “family members” includes a variety of people, but his expertise lies with military families.

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VA loan Design Agents Industrial 98

Realty Biz

AUGUST 28, 2020

million student loan borrowers had a student loan balance of at least $100,000, according to personal finance site Make Lemonade. As a result, 48% of students are taking out more in loans this year than they did in 2019 — with 33% taking out at least $10,000 more than they did last year. Even before the pandemic, nearly 2.2

VA loan 95

VA loan FHA loan Loans Finance 95

Realty Biz

JULY 11, 2022

Somewhere in the mix, you may need some advice on finding a mortgage broker that specializes in something that will help you, such as a VA loan. Our weekly Ask Brian column welcomes questions from readers of all experience levels with residential real estate. Provide neighborhood facts before you make an offer.

Agents 82

Agents Inspection Closing costs Seller disclosure 82

Housing Wire

JULY 19, 2022

New residential construction and permitting activity weakened from March through May, which reduced the number of homes available for home buyers, according to survey results. The average loan size dropped to $426,966 in June from May’s $430,855, MBA said. Conventional loans accounted for 73.7% of loan applications.

Mortgages 370

Mortgages VA loan FHA loan Loans 370

Housing Wire

JUNE 8, 2023

Fannie Mae dropped a bomb on the title insurance industry in April 2022, when it adjusted its selling guide to allow the purchase of loans using attorney opinion letters (AOLs). For context, Fannie Mae purchased a total of 1.151 million loans in 2022.

Title 370

Title VA loan Title search Commercial 370

Housing Wire

DECEMBER 15, 2020

“November new home sales activity, both mortgage applications and home sales, ran at a pace considerably ahead of 2019, showing the ongoing strong growth in housing demand and new residential construction,” Kan said. The average loan size of new homes increased from $355,684 in October to $357,554 in November, according to the survey.

VA loan 469

VA loan FHA loan Loans Construction 469

Housing Wire

MAY 31, 2022

Led by Irma DeLoen, Geneva Financial’s Chicago branch will offer products including conventional and government loans, such as loans from the Federal Housing Administration (FHA), Veterans Affairs and U.S. The expansion comes amid a surge in mortgage rates and declining loan origination volume. Department of Agriculture (USDA).

Mortgages 383

Mortgages Loans Lending Construction 383

HomeLight

JANUARY 5, 2022

According to Matthew Posey , Residential Mortgage Loan Originator with Axia Home Loans, “New Braunfels is one of the top five fastest growing towns in the nation, but you would never know it from the hometown feel, strong community synergy and patient growth of employers and commerce. Dunn Edwards Miners Dust.

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Inspection VA loan Finance Agents 66

HomeLight

AUGUST 20, 2021

The lender must ensure that they’re not loaning the buyer more than the property is worth in the instance the buyer defaults on their mortgage and the lender takes possession of the property. FHA loans require a special appraisal. FHA loans require a special appraisal. Damaged roof. Source: (Sidekix Media / Unsplash).

FHA loan 102

FHA loan Inspection Pre-approval Loans 102

Housing Wire

SEPTEMBER 14, 2023

The Realtor survey was sent out in late July to 55,751 randomly-selected residential Realtors. AAPI buyers are most likely to be waiting for prices to drop and African-American/Black buyers are most likely to report trouble getting approved for a loan due to credit issues as the main reason they have not bought yet.

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FHA loan VA loan Loans Finance 437