Sentences with phrase «percent of all new home loans»

Small wonder, then, that the MBA reported August 1 that refinances represented 81 percent of all new home loan activity during weekending July 27.

In 2012, FHA loans dropped back to just 14.6 percent of all new home loans.

This was the highest ever since August of the previous year, when it was 86 percent of all new home loan approvals.

Variable rate demand increased to 85 percent of all new home loan approvals for the month of July.

Not exact matches

They bought 2.07 million new homes in total, a 7 percent jump from 2016, and a big reason for this is that the oldest members of the millennial generation have started looking for houses as they exchange student loan debt for marriages and children.

That means your new mortgage, plus any other loans you have against the property, can not total more than eighty percent of the home's worth.

34.4 percent of parents claimed that cosigning their child's loan prevented them from taking out new loans for auto purchases, the purchases of homes, or debt consolidation.

If a customer pays several thousand dollars in closing costs, then 1 to 4 percent of the loan's value in origination fees, she has less money to buy a new home.

Our semi-absentee ownership option is so popular that 60 percent of our new owners have opened a title loan franchise outside their home states.

Just 3.1 percent of all home loans were FHA - insured in 2005, at the height of the housing boom; but in 2011, 34 percent of all new mortgages were FHA 203 (b) loans.

By using the program, borrowers who purchased a new home from Lennar could direct up to 3 percent of the purchase price to pay off student loans.

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Dear Dr. Don, We are in the process of buying a new home and we got the Department of Veterans Affairs (VA) loan with 100 percent financing.

Ellie Mae reported that mortgages to millennial borrowers for new home purchases continued their ascent in January, accounting for 84 percent of closed loans.»

Ryan Cox and Darrin Fryer, co-owners of SmartPads prefabricated homes built in Utah and Idaho, will discuss a new down - payment assistance program accepted by Yampa Valley Bank that allows a borrower to qualify for a construction loan with 10 percent down with an additional 10 percent assistance from SmartPads or another third party.

Under the new schedule, a home purchase with a base loan amount of up to $ 625,000, with an 85 - percent loan - to - value ratio and a 30 - year loan term, will require an annual mortgage insurance premium of 55 basis points, down from 80 basis points.

Under the new federal law - The Homeowners Protection Act - lenders must drop PMI if the loan closed after July 29, 1999 AND the loan to value ratio reaches 78 percent of the home's original market value.

Only 4 percent of homeowners knew about the removal of home equity loan interest deductions from the new tax reform plan, the survey showed.

More than 80 percent of about 1,000 homeowners recently surveyed said that they believe the value of their home will increase over the next three years as well as over the next five years, according to a new study by LendEDU, a marketplace for student loans, credit cards, and other financial products.

However, since FHFA has acknowledged that chattel loans make up 80 percent of all new manufactured home placements, MHI believes that the Enterprises should not be able to receive a satisfactory rating without a significantly more meaningful commitment to purchase chattel loans.»

As a result, the average effective rate on new home loans (which amortizes initial fees over the estimated life of the loan) edged down from 4.16 to 4.14 percent — continuing the downward drift that began after a 26 basis point surge in June.

Here's an example of a $ 100,000 cash - out refi using the same scenario above, provided by Paul Skeens, president of Colonial Mortgage Group in Waldorf, Md.: Your new mortgage amount on your $ 400,000 home will be $ 300,000, with a new fixed rate for 30 years at 4.375 percent, plus half a point (0.5 percent of the loan amount).

The result was an average effective interest rate on new home loans (which amortizes initial fees over the estimated life of the loan) that went from 4.27 to 4.25 percent.

An average new home that cost $ 154,500 in 1994, based on a 75 percent loan - to - value ratio, would have a mortgage of $ 115,875.

While the changes to terms on the loans were very small, the average size of conventional mortgages used to purchase new homes, well as the price of the new homes purchased with the loans, increased by more than one percent.

This flat trajectory follows something of a roller coaster ride, with the rate on new home loans dipping under 4 percent twice in 2014 before bouncing back twice earlier in the yea

The combination of declines in the contract rate and initial fees took the average effective interest rate on new home loans (which amortizes initial fees over the estimated life of the loan) down 8 basis points to 4.39 percent (after two consecutive months above 4.40).

The combination drove FHFA's key measure of the average effective interest rate on new home loans (which amortizes the initial fees and incorporates them into the rate) up by 11 basis points to 4.44 percent — the highest it's been since July of 2011 (the month prior to a substantial 36 basis point drop).

The Federal Housing Administration, the government insurer of home loans which now backs just over 20 percent of new loan originations, requires a three - year wait.