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 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

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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.

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.

VA loan activity swells during coronavirus pandemic

Inman

Banking & Lending Industry News Markets & Economy Mortgage News Brief ATTOM Data Solutions baby boomers baltimore Chris Birk gen x honolulu loans los angeles millennials mortgage refinancing san diego U.S. Department of Veterans Affairs va

National Guard troops deployed to fight COVID eligible for VA loans

Inman

Mortgage Select COVID-19 Department of Veterans Affairs down payment FEMA national guard va veterans united home loansThe new law is a 'game-changer' for thousands of members who support states' pandemic response, as they will now have access to zero down-payment mortgages.

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%

Mortgage applications rebound following drop in rates

Housing Wire

“Borrowers acted on the decrease in rates for most loan types, with both conventional and government refinance applications showing gains,” Kan. However, the VA share of total applications decreased to 11.5% After six consecutive weeks of dips , mortgage applications rose 8.6%

How to apply for a VA home loan: Process and requirements

The Mortgage Report

Learn how to apply for a VA home loan. Follow this step-by-step process to access your VA home loan benefits and buy or refinance a house at a low rate. First-Time Home Buyers VA Loans

Loans 80

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%

Mortgage applications dip as home prices climb

Housing Wire

The VA share of total mortgage applications decreased to 9.8% Mortgage FHA loan Joel Kan Mortgage Bankers Association mortgage rates 2021 refinance applications VA loan

VA construction loan guide: Requirements and process

The Mortgage Report

A VA construction loan lets you buy land, build a home, and finance the mortgage with 0% down. But these loans can be hard to find. VA LoansLearn more here.

Loans 96

VA construction loan guide: Requirements and process

The Mortgage Report

A VA construction loan lets you buy land, build a home, and finance the mortgage with 0% down. But these loans can be hard to find. VA LoansLearn more here.

Loans 96

Mortgage applications continue to fall as rates climb

Housing Wire

The VA share of total mortgage applications decreased to 10.3% Mortgage Mortgage Rates 30-year, fixed-rate mortgage FHA loan Joel Kan Lumber prices Mortgage Bankers Association MORTGAGE RATES VA loan

New-year optimism reflected in mortgage applications jump

Housing Wire

“Both conventional and government refinance applications increased, with applications for government loans having their strongest week since June 2012.”. The VA share of total applications increased to 15.8% Mortgage applications jumped 16.7% after a 4.2%

Mortgage applications drop, but spring buying season looms

Housing Wire

Loan sizes moderated for the second straight week, which is potentially a sign that more first-time buyers are entering the market,” Kan said. The VA share of total mortgage applications decreased to 11.1%

Mortgage applications fall for fourth week

Housing Wire

The VA share of total mortgage applications increased to 10.3% Mortgage Mortgage Rates FHA loan low inventory mortgage applications Mortgage Bankers Association MORTGAGE RATES purchase activity VA loan

Mortgage applications decrease as rates move higher

Housing Wire

“The average loan size for purchase loans jumped to $384,000, the second highest level in the survey.”. The VA share of total mortgage applications increased to 13.8% Mortgage applications decreased 1.9% for the week ending Jan.

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.

Loans 260

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.

Rising rates push mortgage applications down for fifth week

Housing Wire

However, the VA share of total mortgage applications increased to 13.38% from 10.3% Mortgage 15-year FRM 30-year, fixed-rate mortgage FHA loan Joel Kan mortgage applications Purchase mortgage applications VA loan

Refinance wave boosts mortgage applications 3.8%

Housing Wire

percent last week, but rates for 15-year fixed-rate loans, FHA loans and jumbo loans all fell to new MBA survey lows.”. The VA share of applications increased to 12.2% With mortgage rates continuing to hover near record lows, mortgage applications jumped 3.8%

Conventional and FHA Mortgages Finance 90% of New Home Sales in Q1 2021

Eye on Housing

Census Bureau reveals that conventional loans financed the largest share of new home sales since 2018. The share of sales backed by conventional loans in the Q1 2021 increased 2.8 NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S.

How much should my mortgage be compared to my income?

The Mortgage Report

About Mortgages Buying a home Conforming Mortgages Conventional Loans Essential Mortgage Miscellany FHA Home Buying FHA Refinance First-Time Home Buyers Mortgage Strategy Refinance USDA Loans VA Loans VA Refinance debt to income ratio DTI How big a mortgage should I get?

How much should my mortgage be compared to my income?

The Mortgage Report

About Mortgages Buying a home Conforming Mortgages Conventional Loans Essential Mortgage Miscellany FHA Home Buying FHA Refinance First-Time Home Buyers Mortgage Strategy Refinance USDA Loans VA Loans VA Refinance debt to income ratio DTI How big a mortgage should I get?

What’s the down payment for a $300,000 house?

The Mortgage Report

About Mortgages Buying a home First-Time Home Buyers 000 home down payment for $300k house down payment for conforming mortgage down payment for FHA loans down payment for USDA loans down payment for VA loans down payment requirement how much down payment for $300 how much down payment needed

Mortgage applications rise 4.6%

Housing Wire

The average loan size increased again to a new record at $371,500, as activity in the higher loan size categories continues to lead growth.”. As a result, the lower price tiers are seeing slower growth, which is contributing to the rising trend in average loan balances,” Kan said.

CFPB settles with seventh company for misleading ads targeting veterans

Housing Wire

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

Mortgage applications drop over holidays

Housing Wire

The VA share of total mortgage applications increased to 13.6% 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 ($510,400 or less) increased to 2.86% from 2.9%

VA funding fee: How much is it and who is exempt?

The Mortgage Report

The VA funding fee sustains the zero-down VA loan program for service members and veterans. Military Corner VA Loans Housing Mark Henricks Mortgage mortgage rates Real Estate VA Home Loan

Texas storm deflates mortgage application numbers

Housing Wire

The higher-priced segment of the market continues to perform well, Kan said, with the average purchase loan size increasing to a survey-high of $418,000. The VA share of total mortgage applications decreased to 11.9% Mortgage applications decreased 11.4%

The best VA mortgage lenders: Rates and reviews for 2020

The Mortgage Report

Review of the best VA loan lenders, including VA rates, customer service ratings, and minimum credit scores. Find the best VA lender for you.

More homeowners should be using this refinance strategy

The Mortgage Report

The low-doc streamline refinance is a faster way to lower your rate on an FHA, VA, or USDA loan. FHA Refinance Refinance USDA Loans VA LoansWhy aren't more homeowners using it?

Veterans First Mortgage Review for 2020

The Mortgage Report

Veterans First review showing how Veterans First compares to other lenders for mortgage rates, customer service, and home loan options. Mortgage Lender Reviews VA Loans VA Refinance

VA IRRRL rates and requirements for 2020

The Mortgage Report

The VA IRRRL or "VA Streamline Refinance" is an easy way to lower the rate and payment on your VA loan. See today's VA IRRRL rates and rules. Military Corner VA Refinance IRRRL VA va loans VA Mortgage VA mortgage rates VA Streamline Refinance