Housing Wire

MAY 17, 2023

In fact, ATTOM reports that one in 12 home sales in the nation last year, or 8.4%, involved fix and flip investors — whose strategy is to acquire, renovate (fix) and then resell (flip) the properties. People are calling it the Great Renovation. The big thing is the carrying cost that a lot of [smaller] investors don’t realize. “If

Finance 365

Finance Marketing Renovations Investors 365

D Fritz Appraisals

SEPTEMBER 11, 2023

Major Home Renovations & Home Appraisals: What You Should Know Are you planning house renovations and want to know the best home improvement investments? Or maybe you are planning to sell your house and are wondering about renovations that increase home value the most. As Vancouver Island’s home evaluation expert, D.

Renovations 119

Renovations Home Value Market Value Valuation 119

Housing Wire

FEBRUARY 3, 2023

HELOCs have continued to set the stage as flexible, helpful products that provide quick access to financing for a multitude of uses including home renovations, debt consolidations or emergency purchases. Additionally, 65% of the total respondents are currently planning or have plans to renovate their homes within the next two years.

Supply Chain 378

Supply Chain Renovations Finance Lending 378

Inman

JANUARY 30, 2023

million Series A for Freemodel to expand its approach to prepaid, fully managed market preparation renovations, according to an announcement sent exclusively to Inman. QED led a $19.5

Renovations 140

Renovations Construction Marketing Finance 140

Housing Wire

APRIL 2, 2021

Finance of America on Monday will become the latest lender to make its debut on the New York Stock Exchange. Led by CEO Patricia Cook and founding chairman Brian Libman, Finance of America has been awfully busy ahead of the merger and IPO. Blackstone Group will retain a 70% ownership stake in the lender-and-servicer.

Finance 284

Finance Renovations Investors Retail 284

Housing Wire

MAY 1, 2023

The Consumer Financial Protection Bureau (CFPB) announced on Monday a proposed rule that seeks to bolster consumer protections for borrowers seeking Property Assessed Clean Energy ( PACE ) financing for home renovations. The impact of PACE financing also disproportionately impacts borrowers of color, the report said.

Property Taxes 333

Property Taxes Renovations Finance Lending 333

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs).

Renovations 327

Renovations Finance Inspection Buyers 327

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. Then, we have all the traditional financing options, including jumbo.”

Mortgage 473

Mortgage Real Estate Agent Renovations Finance 473

Housing Wire

MARCH 14, 2024

Treasury Department , given to specialized organizations that provide financial services to low-income communities and others who lack financing options. Change Lending’s services include small-business loans and lines of credit, investor real estate loans, rehab loans and renovation loans, according to its website.

Lending 383

Lending Renovations Legal Real Estate 383

Housing Wire

JULY 31, 2023

The Credit Union National Association (CUNA) late last week released two comment letters expressing the association’s agreement with proposed rules on bolstering borrower protections for Property Assessed Clean Energy ( PACE ) financing for home renovations.

Property Taxes 333

Property Taxes Renovations Finance Mortgage 333

Housing Wire

FEBRUARY 12, 2024

During an Association of Independent Mortgage Experts conference in October 2023, AFR executive vice president Christopher Guerin said that the company had doubled its efforts to do more renovation loans. “We focus more on manufactured home financing and new-construction home financing instead of maybe fighting against some of those headwinds (..)

Lending 365

Lending Renovations Construction Finance 365

Housing Wire

OCTOBER 15, 2020

OJO Labs announced its first foray into fintech on Thursday with its acquisition of Digs, a personal finance platform. With this acquisition, OJO Labs hopes to help homebuyers and homeowners navigate financial responsibilities like saving for a down payment, securing the right lender, building equity and saving for renovations.

Finance 189

Finance Renovations Loan Officers Agents 189

Housing Wire

MARCH 7, 2024

Planet is pioneering the future of mortgage lending with novel products like Cash 4 Homes, 1st Year Flex, Purchase EDGE, one-time close construction loans, and bridge, renovation and manufactured home loans,” Long said. decline from 2022, according to Inside Mortgage Finance.

Retail 395

Retail Lending Renovations Construction 395

Housing Wire

NOVEMBER 21, 2023

According to Inside Mortgage Finance (IMF) estimates, CMG was the 16th-largest mortgage lender in the country in the first nine months of 2023, with a $16 billion volume, an increase of 17.5% Its portfolio includes construction to perm, renovation financing, builder programs and home equity line of credits , among others.

Loan Officers 381

Loan Officers Retail Lending Renovations 381

Housing Wire

JULY 14, 2022

Senior officials at the Department of Housing and Urban Development , which houses the FHA, said today during a press briefing that it would focus on improving financing for manufactured homes and revamp its renovation financing. Another area of focus for the administration is improving its financing for manufactured housing.

Renovations 348

Renovations Finance Insurance Transportation 348

BiggerPockets

OCTOBER 25, 2023

You can add renovation costs to a conventional mortgage, but only when you’re using a conventional cash-out refinance. If you’re doing a cash-out refinance on an existing home, you can […]

Renovations 80

Renovations Mortgage Finance 80

Housing Wire

DECEMBER 21, 2023

My favorite, and one of the most valuable and underutilized products in today’s low-inventory market , is the VA renovation loan. This product allows a homebuyer to purchase a fixer-upper and finance the purchase and renovation in one loan based on the expected appraised value of the home after improvements. Who is eligible?

Mortgage 441

Mortgage Renovations Appraisal Process Finance 441

Lamacchia Realty

FEBRUARY 8, 2022

Because of this, many buyers going through the home buying process are becoming more open to a house that needs renovations. Purchasing a home that requires renovations and repairs might seem overwhelming, but with these tips, the process of purchasing a fixer-upper and making those first repairs is much more manageable.

Renovations 73

Renovations Buyers Finance Home Improvement 73

Housing Wire

JANUARY 4, 2024

Department of Housing and Urban Development (HUD) has shown that it’s paying attention to the emerging housing needs of an older population by creating programs that allow for age-minded home renovations. HUD issued $15 million grants in mid-2022 and early 2023 designed to help with health and safety home repairs for low-income seniors. “By

Renovations 346

Renovations Investing Finance Design 346

Housing Wire

DECEMBER 14, 2023

The government sponsored entities is part of its Equitable Housing Finance Plans , which are required by their regulator Federal Housing Finance Agency (FHFA). The initial version of the GSE’s Equitable Housing Finance Plans were approved in the summer of 2022 by the FHFA.

Insurance 375

Insurance Finance Renovations Government 375

BiggerPockets

DECEMBER 1, 2022

Turning an old home into a modern, rentable masterpiece takes money—especially if you’re doing a big renovation. The house hack strategy doesn’t always run smoothly. One of the easiest ways […].

Renovations 55

Renovations Finance Modernization 55

Housing Wire

AUGUST 10, 2023

Meanwhile, innovation-driven transparency is helping to make distressed property auctions more accessible for these owner-occupant buyers as well as for local community developer buyers who, it turns out, sell most of their renovated foreclosures to owner-occupants.

Renovations 356

Renovations Buyers Development Insurance 356

Housing Wire

APRIL 20, 2021

After months of slogging through a string of disappointments, Patrick turned to a renovation loan and started looking at fixer-uppers. Snover said that few real estate agents suggest that buyers purchase a home with a renovation loan, sometimes because they are unfamiliar with the process — which has its complexities.

Renovations 441

Renovations Real Estate Agent Construction Buyers 441

Lamacchia Realty

MAY 23, 2023

WHAT TO KNOW ABOUT HOME RENOVATIONS IN 2023 In recent years, the world has undergone a multitude of changes, and the home renovation industry is no different. Factors such as supply chain disruptions, project delays, and increasing costs have greatly impacted both new construction and ongoing renovation projects.

Renovations 55

Renovations Supply Chain Construction Home Improvement 55

Housing Wire

NOVEMBER 20, 2023

The lender also brought over 45 former retail branches from Finance of America Companies Inc. Founded in 1996, APM offers a range of products, including conventional, jumbo, FHA, VA, USDA loans and reverse mortgages as well as renovation and construction loans. FoA) months after it shut down its forward mortgage segment.

Retail 378

Retail Mortgage Lending Renovations 378

Housing Wire

JANUARY 12, 2024

A proprietary reverse mortgage from Finance of America Companies (FOA) now secures the home of Rhode Island ’s honorary historian laureate after the property was returned to the owner after attempts to bequeath it to a nonprofit historical society he founded. This is according to reporting from The Providence Journal.

Tools 393

Tools Mortgage Finance Lending 393

Raleigh Realty

JULY 12, 2022

If you’re considering a home renovation, you might be looking for some insight on what other homeowners are doing. That’s why we’re rounding out some top home renovation statistics so you know what to expect from your next home improvement project. Statista) Outdoor furniture sales are expected to increase by $195.3

Home Improvement 60

Home Improvement Renovations Construction Supply Chain 60

Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. This cost gap all-too-often prevents the renovation of affordable houses that need a great deal of work.

Investing 439

Investing Renovations Development Construction 439

Inman

JANUARY 19, 2023

The reporting tool determines a number of return-on-investment scenarios, taking into account market conditions, available financing and any need for renovations and improvements.

Tools 135

Tools Investing Renovations Finance 135

BiggerPockets

DECEMBER 27, 2023

With topics ranging from partnerships to home renovation hacks, we covered a ton of ground this year and […] We got to talk a WHOLE lot of real estate in 2023.

Real Estate 79

Real Estate Sellers Renovations Finance 79

Lamacchia Realty

AUGUST 17, 2021

With current home equity line of credit (HELOC) rates averaging between 1.79% and 7.24%, many homeowners that have been considering using HELOC to fund their home renovations are finally taking the plunge. The Pros & Cons of Home Equity Line of Credit for Home Renovations. Ways to Leverage Your Home Equity for Renovations.

Renovations 69

Renovations Home Improvement Realty Home Value 69

Mortgagebroker News

JULY 5, 2022

A growing number do not have the finances to fully fund renovation work

Renovations 60

Renovations Finance 60

Housing Wire

NOVEMBER 30, 2023

There are two versions: the standard, which includes structural repairs and requires an approved consultant, and the limited version, which is focused on minor renovation and repair and does not require a consultant. In high-cost areas, however, it can go up to $75,000.

Architecture 439

Architecture Renovations Inspection Finance 439

Housing Wire

JUNE 1, 2021

Investors who acquire and renovate older homes could claim the credit on their federal tax returns, as long as the home is sold to and occupied by an eligible buyer. The renovations would be on a budget, however. Each state’s housing finance agency would administer the tax credits, which would be allocated by population.

Renovations 508

Renovations Development Investors Legal 508

Housing Wire

MARCH 2, 2021

Four renovations to consider before selling your house. If you have the finances to do so, consider making some light renovations before selling your home. More for Real Estate Enthusiasts. 5 reasons to refinance your mortgage right now. Here’s how to get an instant offer on your home. Make Sure You Clean The House.

Decorating 504

Decorating Renovations Buyers Sellers 504

Housing Wire

SEPTEMBER 24, 2021

The company has created a new vertical of loans and an entirely new LOS designed just for borrowers looking to purchase a home and renovate it to put back on the market. Through this program, Acra aims to remove many of the financing hurdles typically faced by those in the fix-and-flip sector.

Lending 400

Lending Renovations Finance Investors 400

Housing Wire

APRIL 18, 2023

MISMO , the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association , plans to launch a working group that will create standards for Electronic Home Equity Lines of Credit (eHELOC).

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Lending Renovations Real Estate Finance 305