Purchase Plus News Today

There seems to be a bit of a baby boom going on out there. Prospective home buyers who need a place for a growing family quickly find out that residential lending isn’t without its share of tears. Next time you’re dealing with an upset borrower or loan officer, here’s something you can try. “We are committed to solving the rental crisis in Australia. By providing high quality prefabricated homes, available for immediate hire or purchase, we fight the rental crisis one...

Amid mounting affordability pressure on homebuyers, DPAs have become a saving grace for many who cannot afford a lump-sum down payment. 

The unofficial Chrisman LLC sarcastic slogan is, “We do this not because it is easy, but because we thought it would be easy.” Hopefully, there are no lenders out there with that slogan, as residential lending, done the right way, is not easy. Sometimes residential lending seems discombobulated. Sometimes things settle down and become more orderly: recombobulated! (Workflow and improved lender efficiency are the topics of today’s Mortgage Collaborative Rundown featuring Doni...

The bank will be able to access credit history from 12 countries to make lending decisions

The program, dubbed ONE+, was created with affordability and expanded access to homeownership in mind.

In recent years, the United States has experienced the largest homeownership spread since 1890, with 44.6% of Black Americans owning a home compared to 74.2% of whites, a 29.6-point gap.

Only 45.3% of Black Americans owned their homes in 2022, compared to 74.6% of white people, according to NAREB.

The best mortgage lenders, including for first-time buyers, jumbo borrowers, self-employed borrowers and for low interest rates. Our picks include Rocket Mortgage, loanDepot, Chase, Better and more. 

Residents who meet credit score and income qualifications have access to a new $3,000 grant to help with a down payment.

The new special purpose credit program is part of efforts to reduce the racial gap in homeownership and offers assistance to borrowers who meet certain income and location requirements.