In contrast, the industry's average closing time on new purchase loans is about 45 days. (rismedia.com)
For new purchase loans, at least one borrower on every HomeReady ® transaction must complete the Framework online education program to learn more about sustainable homeownership and prepare for the loan process. (pennymacusa.com)
For potential home buyers over the next few years, the silver lining to higher rates is that with less refinancing business available, mortgage lenders might become a little more eager to make new purchase loans. (shoprate.com)