Remove home-guide first-time-home-buyer programs
article thumbnail

GSEs will not count buyer agent commissions as IPCs

Housing Wire

Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday. The Community Home Lenders Association (CHLA) expressed support for the GSEs’ announcement.

Buyers 527
article thumbnail

Agent strategies for getting first-time homebuyers across the finish line

Housing Wire

In August, Zillow ‘s 2023 Consumer Housing Trends Report proclaimed that half of all homebuyers are purchasing their first home, the highest share that Zillow has ever recorded. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. It never will be.

Agents 391
Insiders

Sign Up for our Newsletter

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

article thumbnail

Guaranteed Rate rolls out program to approve loans within 24 hours

Housing Wire

Chicago-headquartered lender Guaranteed Rate has expanded its program to approve loans within 24 hours nationwide. Dubbed the “ Same Day Mortgage ,” the program is aimed at giving a competitive edge to first-time buyers who are competing against the all-cash buyers who make up 28% of home purchases, the lender said.

Appraisal 362
article thumbnail

Top 10 ways to get homebuyers to work with you

Housing Wire

You know what you do, but how do you explain it in such a way that a buyer understands your value, the required agency forms and everything involved to make it to the closing table? How you conduct yourself and how you present to each buyer prospect should not vary by situation. Should they buy first or sell first?

Clients 394
article thumbnail

Targeting first-generation homebuyers for financial help

Housing Wire

The Urban Institute ‘s Housing Finance Policy Center recently posited that down payment assistance for first-generation homebuyers could help turn the tide of systemic racism by reducing intergenerational wealth disparities. A homebuyer’s guide to a competitive housing market. Presented by: Citibank.

Finance 433
article thumbnail

Private mortgage insurance industry boomed in 2020

Housing Wire

The mortgage insurance industry also updated its guides and processes to align with the Federal Housing Finance Agency (FHFA) and the GSEs’ policies to implement nationwide forbearance programs. “[The first time homebuyers] have good credit but struggle to put 20% down on their first house,” Merkle said.

Insurance 544
article thumbnail

The best real estate coaching programs for 2024

Housing Wire

A quick internet search will prove that real estate coaching programs are plentiful. Whether you’re looking to expand your team or client network or figure out how to delegate work so you can focus on the tasks you do best, a real estate coaching program could be a valuable launchpad. President of SERHANT. President of SERHANT.