Voxtur rolls out attorney opinion letters for VA loans

Housing Wire

on Wednesday announced that it has released an Attorney Opinion Letter (AOL) product for VA direct and VA-backed home loans as a compliant alternative to title insurance. Voxtur previously announced this year that it had produced an AOL for Fannie Mae loans.

VA Loans Can Help Veterans Achieve Their Dream of Homeownership

Keeping Current Matters

For over 78 years, Veterans Affairs (VA) home loans have provided millions of veterans with the opportunity to purchase homes of their own. Buying Myths Down Payments First Time Home Buyers For Buyers Move-Up Buyers

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VA Loans: Helping Veterans Achieve Their Homeownership Dreams

Keeping Current Matters

The purpose of Veterans Affairs (VA) home loans is to provide a pathway to homeownership for those who have sacrificed so much by serving our nation. For over 75 years, VA home loans have provided millions of veterans and their families the opportunity to purchase their own homes.

Will rising interest rates impact VA loans for first-time homebuyers?

Housing Wire

The VA loan is an important financing tool for VA-eligible borrowers to achieve their homeownership dream. In 2021 one in two VA borrowers was a first-time homebuyer (FTHB). . So, what will 2022 look like for the VA FTHB borrowers?

VA loan refinance options: 2022 VA IRRRL and cash-out

The Mortgage Report

A VA loan refinance can help you reduce your monthly payment or take cash out. Refinance VA Refinance i want to refinance my va loan IRRRL VA IRRRL va loan cash-out refinance va loan refinance va loan refinance choices va loan refinance options va loan streamline refinance

A seller rejected my VA loan offer. What can I do now?

The Mortgage Report

In can be harder to get a VA loan offer accepted in a competitive market. Learn why some sellers don't like VA loans and how to improve your chances.

VA loan co-signers: Who can co-sign on a VA loan?

The Mortgage Report

VA loan co-signers are allowed. But the co-signer must be your spouse and/or another VA-eligible borrower. Learn more about VA loan co-signers here. VA Loans VA Refinance

VA loan refinance scams and how to avoid them

The Mortgage Report

Here are the most common VA loan refinance scams and how to avoid them. Homeownership Topics VA Loans VA Refinance con artists scam servicemembers va loans verteransMortgage scams are real and they often veteran homeowners.

VA loan vs. conventional loan: Pros and cons 2021

The Mortgage Report

When it comes to VA loans vs. conventional loans, it's often an easy choice: VA, if you're eligible. Conforming Mortgages Conventional Loans VA LoansBut your situation could be different.

Why aren’t 76% of veterans using their VA loan benefits?

The Mortgage Report

But only 24% of those have tapped their VA loan benefits. Learn more about VA loan benefits and how to use yours. VA LoansOver 14 million veterans own their homes.

No VA loan limits: Can I get a VA jumbo loan in 2021?

The Mortgage Report

No more VA loan limits VA loan limits were repealed in 2020. That means the VA mortgage program — arguably the best financing available — is now better. VA LoansAn end […].

What Is a VA Loan? Benefits, Requirements, and How to Apply

Realty Biz

Military borrowers looking to buy or refinance a home might want to consider a VA loan. Department of Veterans Affairs (VA), this loan option can make buying a home easier for those who might otherwise struggle to afford a mortgage. While VA loans have a funding fee that borrowers need to pay, they also come with a range of benefits, such as not requiring a down payment. What Is a VA Loan? Benefits of a VA Loan.

Report: VA Loans Surge Amidst Pandemic

RISMedia

VA loans are having a record 2020. According to mortgage lender Veterans United Home Loans, the VA loan program backed more than 865,000 loans so far this year. The post Report: VA Loans Surge Amidst Pandemic appeared first on RISMedia's Housecall.

What is the VA loan Certificate of Eligibility?

Realty Biz

A VA Loan Certificate of Eligibility is your proof of service, and it shows that you’re qualified to receive your VA loan benefits. You may be eligible for a VA mortgage if you have served or are currently serving in the military.

VA loan rates are the lowest of any mortgage program

The Mortgage Report

VA loan rates are typically the lowest on the market, even below FHA or conventional mortgage rates. Find out if you qualify for a low-rate VA loan. Mortgage Products Mortgage Rates VA Loans VA Refinance

Real estate agents brace for the potential demise of FHA & VA loans

The American Genius for Real Estate

An anti-trust lawsuit is scheduled for trial in 2023 that could impact how real estate agents receive compensation, affecting FHA & VA loans. The post Real estate agents brace for the potential demise of FHA & VA loans appeared first on The American Genius Real Estate.

VA loans give veterans the hope of homeownership, the American Dream

The American Genius for Real Estate

(HOMEOWNERSHIP) After a veteran of the US Navy was honorably discharged due to injuries, VA loans offered a chance to pursue homeownership. The post VA loans give veterans the hope of homeownership, the American Dream appeared first on The American Genius Real Estate.

FHA vs. VA loan: Pros and cons for first-time home buyers

The Mortgage Report

Everything you should know about FHA vs. VA loans: Pros, cons, requirements, and advice for home buyers. Mortgage Products Mortgage Strategy

VA Loans: Making Homes for the Brave Achievable [INFOGRAPHIC]

Keeping Current Matters

VA Loans can help make homeownership possible for those who have served our country. These loans offer great benefits for eligible individuals and can help them buy a VA-approved house or condo, build a new home, or make improvements to their house. Some Highlights.

VA removes pre-approval process for some loans?

Housing Wire

The Department of Veterans Affairs last week announced it is streamlining the loan approval process for borrowers with a VA-appointed fiduciary and for veteran borrowers who apply for a joint loan. The VA did not immediately respond to requests for comment.

Agents fight misconceptions to win deals for military veteran clients

Housing Wire

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. This, however, doesn’t stop VA buyers from submitting an offer on the home. “We

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The VA home loan: Benefits, requirements, and rates for 2020

The Mortgage Report

VA home loan benefits are unmatched by other mortgage programs. See VA loan requirements, benefits, and interest rates here. Military Corner Mortgage Products VA Loans mortgage rates Refinance U.S. Housing VA Loan

Loans 93

VA jumbo loan rates and rules for 2022

The Mortgage Report

Learn how to buy a high-priced home using your VA loan benefits with the VA jumbo loan. VA Loans

Loans 75

VA now accepting desktop and exterior-only appraisals

Housing Wire

In a department memo, the VA explained that the move was a response to “high demand for appraisal services and limited availability of appraisers in certain local market areas.”. The VA would then notify the lender, and restart the process to find an appraiser.

Mortgage applications for new homes down in September

Housing Wire

New home sales purchase activity was weaker in September, and the average loan size rose to another record high, as homebuilders continue to grapple with rising building materials costs and labor shortages. When looking at loans by product type, conventional loans made up 75.1%

VA official talks future of partial claims and revamping its reputation

Housing Wire

The VA also faces challenges unrelated to the pandemic. The perception of VA loans as risky and logistically complicated — even if an outdated view — continues to impact the competitiveness of the borrowers it serves. But the VA is hoping to change that.

Share of Non-Conventional Financing Down in 2021

Eyes on Housing

Read More › Housing Data conventional loans FHA new home cash purchases nonconventional loans SOC VA loans

Some mortgage companies expanding despite challenges

Housing Wire

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. Rely Home Loans has plans to expand into Florida and Arizona.

Mortgage applications decrease 4%

Housing Wire

The VA share of total applications decreased to 11.2% Mortgage Real Estate 15-year, fixed-rate mortgage 30-year, fixed-rate mortgage FHA loan mortgage applications mortgage rates 2021 VA loanAfter two straight weeks of increases , mortgage applications dropped 4.2%

Mortgage applications recover as winter storms pass

Housing Wire

“Government refinance applications historically lag the more rate-sensitive movements of conventional applications, and that was true last week, as both FHA and VA refinancing volumes increased.”. The VA share of total mortgage applications decreased to 12.3%

Loans in forbearance gain after 6 weeks of decline

Housing Wire

According to the report, the portfolio-held and private labeled security loans were largely responsible for the recent increase, with forbearance share gaining from 7.1% to 7.3% – a total of 28,000 new loans in forbearance.

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CFPB continues to bring actions against mortgage companies targeting veterans with deceptive ads

Housing Wire

The Consumer Financial Protection Bureau issued a consent order against two companies on Tuesday following recent investigations of mortgage companies that use deceptive mailers to advertise loans guaranteed by the United States Department of Veterans Affairs.

Share of New Home Sales Backed by FHA Loans Reaches 14-Year Low

Eyes on Housing

Conventional loans financed 74.8% Read More › Economics 30-year fixed-rate mortgage conventional loans conventional loans market share FHA FHA loans financing new home cash purchases new home sales sales by financing VA VA loans

Mortgage applications are thinning as summer approaches

Housing Wire

The average loan size on a purchase application edged down to $407,000, below the record $418,000 set in February — but still far above 2020’s average of $353,900.” the week prior, but the VA share of total mortgage applications increased to 11.2%

Applications drop, despite falling mortgage rates

Housing Wire

However, the VA share of total applications increased to 12.2% Here is a more detailed breakdown of this week’s mortgage application data: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) decreased to 3.17% from 3.2%