Marco Santarelli

JUNE 17, 2025

Government Loans Government-backed loans are fantastic options, especially for first-time homebuyers or those with lower credit scores: FHA Loans : The 30-year fixed rate for FHA loans is currently 7.42% , a rise of 0.59% from last week. VA Loans : The 30-year fixed VA loan is at 6.52% , an increase of 0.11%.

Mortgages

Marco Santarelli

MARCH 27, 2025

VA Loans: Continue to offer potentially lower rates for eligible military-affiliated borrowers. The 30-year VA loan rate is at 6.14%. FHA Loans: May provide lower rates than conventional loans, but typically involve mortgage insurance payments for the duration of the loan.

Mortgages

Marco Santarelli

JULY 24, 2025

Meanwhile, VA loans offer competitive rates close to or better than conforming loans as they carry government guarantees. At 6.86% , a 30-year fixed mortgage on $280,000 yields a monthly principal and interest payment of about $1,847. Fannie Mae’s outlook foresees mortgage rates settling around 6.5% in H2 2025 ~6.1%

Mortgages

Marco Santarelli

APRIL 12, 2025

Supply issues mean fewer homes are available for sale, putting an upward pressure on home prices. A widely accepted guideline is to spend no more than 28% of gross monthly income on housing expenses, which includes principal, interest, taxes, and insurance (PITI). According to Fannie Mae, home prices may increase by 3.5%

Mortgages

Marco Santarelli

JUNE 17, 2025

Government Loans Government-backed loans are fantastic options, especially for first-time homebuyers or those with lower credit scores: FHA Loans : The 30-year fixed rate for FHA loans is currently 7.42% , a rise of 0.59% from last week. VA Loans : The 30-year fixed VA loan is at 6.52% , an increase of 0.11%.

Mortgages

Marco Santarelli

MARCH 2, 2025

This calculation accounts only for principal and interest, excluding property taxes, homeowners insurance, or any potential PMI required. Similar to the example above, this amount reflects principal and interest only, focusing on the basic mortgage cost. down payment.

Mortgages

Marco Santarelli

MAY 22, 2025

He generally advises against FHA and VA loans due to their additional fees. Stick to a 15-year fixed-rate mortgage: Avoid the risks associated with adjustable-rate mortgages and the extra fees often tied to government-backed loans. In my experience, Ramsey's principles are spot on.

Marketing

Marco Santarelli

JULY 30, 2025

Home sales and price growth are expected to slow modestly in 2025–2026 but remain positive overall. Current Mortgage Rates Overview (July 30, 2025) Mortgage Type Rate (%) Weekly Change APR (%) Weekly Change Conventional Loans 30-Year Fixed 6.84 Down 1.43% 30-Year Fixed VA 6.30 Up 0.08% 15-Year Fixed VA 5.92 Down 0.01% 7.31

Mortgages

Housing Wire

MARCH 27, 2024

Earlier this month, the NAR announced the settlement of various lawsuits filed by home sellers, which allege that the real estate industry colluded to keep agent commissions artificially high at 5% to 6% of a home’s sale price. Concerns over the existing VA policies have been echoed among mortgage professionals.

VA loan

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%

VA loan

Housing Wire

MAY 12, 2022

billion in proceeds from those MSR sales — with UWM accounting for $871.8 In a rising-rate environment, loan prepayments ebb, as refinancing becomes less attractive. That rising value, in turn, can make sales of MSRs a lucrative option for supplementing otherwise dour revenue streams. In total, between Jan. billion and $319.8

Sales

Housing Wire

MARCH 3, 2022

VA’s servicers handbook outlines numerous home retention options available to borrowers including repayment plans, special forbearances, and loan modifications. There are also alternatives to foreclosure such as compromise sales and deeds in lieu of foreclosure. Borrowers now also have more time to defer their loan payments.

VA loan

Housing Wire

MARCH 29, 2024

These include wholesale revisions to the lender table for the best estimate of the total cost of the refinancing to the borrower, as well as increases to the borrower’s principal limit. Department of Veterans Affairs (VA) loans, the notice said. Why are we on a 1009?

Mortgages

Housing Wire

JUNE 26, 2023

The total number of loans in forbearance at the end of Q1 stood at 65,757, coming out to 0.21% of the total loans serviced and 15% of delinquent loans. Sixteen percent of home modifications in Q1 were modifications with principal forbearance, the report said. The serious delinquency rate also decreased to 0.6%

VA loan

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.

VA loan

Housing Wire

FEBRUARY 7, 2023

In a paper published by the Urban Institute in October, Ted Tozer, the former head of Ginnie Mae , argued that government changes to assumable loans could benefit the market. There’s also the matter of handling piggyback mortgages since the sales price in most deals will exceed the mortgage’s unpaid balance.

FHA loan

Housing Wire

AUGUST 26, 2022

The old standards like FHA and VA loans still offer attractive options for first-time homebuyers, but some originators may be a little rusty on them and might need a refresher. This could take time away from sales and put more pressure on finding ways to automate. Expanded ARM options, including our jumbo one-time close.

Mortgages

Housing Wire

OCTOBER 24, 2022

Unlike Fannie and Freddie, however, Ginnie does not purchase loans. Ginnie guarantees only the principal and interest payments to purchasers of its bonds, which are sold worldwide. As of September, the 30-day delinquency rate for FHA loans stood at 3.77%, up from 3.02% as of the beginning of the year, Recursion data shows.

Principal

HomeLight

DECEMBER 8, 2023

” as a strategy to accelerate your home sale. Or, you might want to allow a family member to assume your mortgage so they can inherit a financial advantage through your low-interest-rate home loan. Read on to unlock the possibilities that assumable mortgages could hold for your home sale.

VA loan

Calculated Risk Real Estate

APRIL 1, 2024

That said, you’d be hard-pressed to find a more vivid illustration of the lock-in effect that’s kept for sale inventory in a hole for the last few years. to a six-month peak “Early-payment delinquencies remain elevated” Here is a graph of the early delinquency rates for Conventional, FHA and VA loans.

VA loan

Point2Homes

DECEMBER 15, 2021

As a result, you will need to meet the lender’s requirements when it comes to credit score and credit history, income and debt-to-income ratio to qualify for a loan. Once the lender approves your mortgage assumption application, you will take over the title of property as well as the seller’s remaining principal balance. In the U.S.,

Debt-to-income ratio

Calculated Risk Real Estate

NOVEMBER 4, 2024

There has been a steady increase in early-stage delinquencies for VA loans. • Early-stage delinquencies – borrowers already past due six months after origination – have been gradually rising as well, most notably among VA originations • Overall, 1.7% The ICE HPI is a repeat sales index.

Mortgages

HomeLight

AUGUST 26, 2020

If you continue to pay $1,250, that extra $250 will go toward your principal balance, the amount still owed on your loan, which means the loan will get paid off faster. The only difference is that a purchase appraiser has access to the purchase contract and, therefore, the sales price.

Fixed-rate mortgage

Lab Coat Agents

NOVEMBER 20, 2024

If you are the buyer, this means you inherit the loan’s principal balance, interest rate, and repayment terms. When you assume a mortgage, you do not apply for a new loan rather take over the existing owner’s loan. This allows you to bypass many of the challenges that come with securing traditional financing.

Purchase and sale agreement

HomeLight

AUGUST 31, 2021

We consulted expert Richie Helali, mortgage sales leader at HomeLight Home Loans, to walk you through the basics. PMI can be dropped when you reach 20% equity by paying down your loan principal. Important things to know: A low or zero down payment will not significantly impact your interest rate with a USDA loan.

FHA loan

HomeLight

NOVEMBER 1, 2021

If you’re selling your Kentucky home, you may be wondering how much you’ll make on the sale, what required costs will eat into your profit, and where you can cut costs. This means understanding which fees you’ll be responsible for when the sale closes. Percentage of sale or flat price. 150,000 sale). Closing cost.

Closing costs

Realty Biz

MAY 19, 2022

Most people buy their homes with the assistance of mortgages or VA loans. Down payments can vary depending on the terms of your mortgage or loan, ranging anywhere from 5% to 20%. If home values shift in your area, you could find yourself owing more on your mortgage than your home is worth come sale time.

Purchase and sale agreement

HomeLight

NOVEMBER 10, 2021

In fact, the median sales price for single-family homes in the Miami area in August 2021 was over $500,500 , according to Florida Realtors®. Prices aren’t much different in the Fort Lauderdale area, where the median sales price of single-family homes are trending around $495,000 and condominiums and townhomes are running around $220,000.

Closing costs

Redfin

SEPTEMBER 6, 2024

Check out spots in these markets: Apartments for rent in Las Vegas, NV | Houses for rent in Jacksonville, FL | Homes for sale in Huntsville, AL How to calculate your monthly percentage? This percentage covers the principal, interest, property taxes, and homeowners insurance. Interested in making a move?

Debt-to-income ratio

HomeLight

AUGUST 16, 2021

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. Source: (LinkedIn Sales Solutions / Unsplash). Second mortgages : These are loans you can take out to subsidize the down payment in addition to taking out a principal mortgage.

Loans

HomeLight

JANUARY 31, 2022

You’ll want to subtract this amount from the total sales price because the down payment is your contribution to purchasing the house, so the lender won’t need to give you a loan to cover the full sales price because you’re covering some of it. Conventional loans can be approved with as little as 3% as a down payment.

Loans

HomeLight

APRIL 20, 2023

Some of these costs, such as surveys and recording fees, are one-time expenses related to the sale. Every real estate transaction is a little different because there are numerous factors involved with each sale. A conventional mortgage is any mortgage that’s not part of a government loan program.

Closing costs

HomeLight

AUGUST 28, 2020

This $250,000 is called the loan principal. It’s a percentage you pay on top of the loan principal. So, let’s say you’ll pay 5% interest on top of the $250,000 principal. When you make your mortgage payment each month, your principal and interest are rolled into one mortgage payment. Thirty years?

Mortgages

Windemere Buying

SEPTEMBER 12, 2022

If you put down $100,000, or 20 percent, that would leave a $400,000 mortgage principal. It also means your monthly payments will be lower since your loan balance is smaller. Different loan products have different down payment requirements. Down Payment: Home Monthly Payment Calculator. How to Save for a Down Payment.

VA loan

Redfin

FEBRUARY 11, 2021

When you apply for a mortgage , your lender may ask if you’re going to put up 20% of the home’s sale price as a down payment. If a 20% down payment is too much for you to swing, your lender can look for other loan products that work with a smaller down payment. . 4) Pursue a VA loan if you qualify. What is PMI? .

Debt-to-income ratio

HomeLight

NOVEMBER 29, 2021

William Hagan , a New Jersey agent who typically sells homes more than 40% faster than the average agent in his area, warns that even a 20% down payment may not be enough to win a bidding war in the 2021 sales market. “In You’ll find up-to-date information on new listings, days on market, median sales prices, housing inventory, and more.

Land

HomeLight

JANUARY 27, 2021

Your mortgage payment is more than just the cost of the principal and interest on your loan. to 1% of the loan amount annually. Make sure you budget for the entirety of your monthly mortgage payment, not just your principal and interest! Know your loan types. Conventional loan. This can spell trouble.

Closing costs