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

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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.

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

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.

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%

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 267

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.

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%

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%

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.

UWM to knock 50 bps off VA IRRRL loans

Housing Wire

United Wholesale Mortgage (UWM) announced on Wednesday that it would offer a 50 bps discount on all VA interest rate reduction refinance loans (IRRRL) through Veterans Day on Nov. With interest rates at historic lows, UWM has been offering a variety of loans under 3% to borrowers.

Loans 194

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

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

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.

For the first time since April, forbearances fall below 3 million

Housing Wire

In the week prior, portfolio-held and private labeled security loans were largely responsible for the slight increase, with forbearance share gaining to 7.3% for a total of 28,000 new loans in forbearance. However, last week those same loans led the record decline after falling nearly a quarter (-24%) from the week prior, boasting a 228,000 reduction.

Mortgage relief refinance programs for 2020

The Mortgage Report

Conventional Loans FHA Refinance Mortgage Strategy Refinance USDA Loans VA Loans VA RefinancePopular government mortgage relief programs like HARP and FMERR have ended. But there's one mortgage relief refinance left. Find out if you qualify.

What is a VA renovation loan? And where can I get one?

The Mortgage Report

A VA renovation loan lets you buy a fixer-upper with an ultra low interest rate. But these loans are hard to find. Homeownership Topics Mortgage Products VA LoansShould you look for an alternative?

Loans 82

VA cash-out refinance: Guidelines and rates for 2020

The Mortgage Report

The VA cash-out refinance lets you refinance up to 100% of your home's value, cash-out equity, and lock in a lower interest rate on your new loan. Cash Out Refinance Military Corner VA Refinance Housing Mortgage mortgage rates Real Estate Tim Lucas VA Loan

What is a mortgage refinance, and how does refinancing work?

The Mortgage Report

About Mortgages Mortgage Products Mortgage Strategy Refinance FHA Streamline Refinance HARP Mortgage VA Loan What is a refinance What is a mortgage refinance? How does refinancing work? Learn what it means to refinance your home and the three best reasons to refinance.

Increased Share of All-Cash New Home Sales Marks a Busier-Than-Usual Fourth Quarter

Eye on Housing

Census Bureau reveals that conventional loans financed the most new home sales in a fourth quarter since 2006 (see red bars in the chart below). However, the share of sales backed by conventional loans in the fourth quarter was down 2.2

Sales 71

Amid Record Low Rates, Refinancing Flourishes

Eye on Housing

Read More › Uncategorized 30-year fixed-rate mortgage FHA loans inventory mortgage bankers association refinancing VA loans

Report: 1 in 3 Veterans Intend to Purchase a Home In 2021

RISMedia

According to a recent Veterans United Home Loans report, the COVID-19 pandemic forced nearly half of all veterans to change their home-buying plans in 2021. Featured Industry Insights home loans new homebuyer VA loan veteran veteran homebuyer

First time home buyer down payments: How much do you need to put down?

The Mortgage Report

Learn about first time home buyer loans with as little as 3% or even 0% down. Conventional Loans FHA Home Buying First-Time Home Buyers Mortgage Strategy USDA Loans VA Loans Gina Pogol Housing Mortgage mortgage rates Real EstatePlus, down payment assistance programs that minimize your out of pocket costs.

Tips for buying a house with a 700 credit score

The Mortgage Report

Learn how to buy a house with a 700 credit score, including the best mortgage types and tips to get the lowest mortgage rate.

The best mortgage lenders for 2020: Reviews and rates

The Mortgage Report

We selected these companies based on their customer service, expertise, selection of loan products, and […]. The 9 best mortgage lenders for Below are the nine best mortgage lenders this year.

Guild Mortgage Review for 2020

The Mortgage Report

Guild Mortgage Review showing how the company compares to other top lenders for mortgage rates, customer service, and loan options.

Fairway Independent Mortgage Review for 2020

The Mortgage Report

Fairway Mortgage Review showing how the company compares to other top lenders for mortgage rates, customer service, and loan options.

Seller financing is risky. Use these mortgage programs instead

The Mortgage Report

About Mortgages Buying a home FHA Home Buying First-Time Home Buyers Mortgage Products VA Loans contract for deed lease purchase lease purchase agreement qualify for a mortgage seller financing what is seller financing

Freedom Mortgage Review for 2020

The Mortgage Report

Freedom Mortgage review showing how the company compares to other major lenders for mortgage rates, customer service, and loans offered.