article thumbnail

First-Time Buyers Are Choosing Conventional Over FHA Financing

Pro Builder

An increasing number of first-time buyers opted for conventional, conforming loans rather than FHA-insured mortgages in January. NAR says FHA financing can often be more expensive due to the mortgage insurance. 30-year fixed-rate mortgage and private mortgage insurance of 1.5%. cbroderick. Mon, 03/01/2021 - 09:43. Read More. .

Finance 100
article thumbnail

Rent or Buy. The Biggest Deciding Factors in Today’s Housing Market

Pro Builder

Long-term equity gains promise the most ROI for Americans stuck on the fence between renting and buying, particularly in a time of record home price appreciation. You buy it based on the monthly payment that’s going to be principal and interest and insurance and property taxes. “You

Housing 52
professionals

Sign Up for our Newsletter

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

article thumbnail

Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Debt-to-Equity . Debt-to-Equity measures how much suppliers, lenders, creditors and obligors have committed to the company versus what the shareholders have committed. Formula: Total Liabilities / Total Shareholders’ Equity . Debt (Less Cash) to Equity . Formula: Net Income / Total Assets . Net Profit Margin

Safety 94
article thumbnail

What You Should Know Before Taking a Construction Loan

Construction Marketing

To win the construction loan approval, make at least a 20% down payment, ensure you’ve got a great credit score, low debt to income rate, sufficient earnings to pay off the loan, construction and project budget approval, and general contractor or builder approval. What to consider about construction loans.

article thumbnail

Everyone Wants in on Housing Flipping

Pro Builder

Mortgage trusts, pensions, hedge funds, private-equity firms, investment banks and insurance companies all want so-called flip loans, drawn by yields in the range of 8% to 12% at a time when one-year Treasurys pay less than 0.1%. Mr. Stock’s lender, Roc360, last week received a $2 billion infusion from insurer Athene Holding Ltd.

Housing 52
article thumbnail

John Green’s Plan to Eliminate Predatory Lending Practices

Pro Builder

The seller still has title to those homes, but the buyer is responsible for the maintenance, insurance, and taxes. It has existed for more than 100 years in this country and it disproportionately affects low- and moderate-income families and Black and brown communities. This is a problem with deep historical roots.

Plans 52
article thumbnail

Working to Improve Access to Affordable Housing

Pro Builder

Make more single-family homes available to individuals, families, and nonprofit organizations by limiting the sale of certain FHA-insured and HUD-owned properties to large investors. . . . • Increase the supply of manufactured housing and two- to four-unit properties by expanding financing through Freddie Mac. .

Housing 59