With listings scarce and refinancings sluggish, the strategy of partnering with homebuilders to form joint ventures like Onx X+ Mortgage is to grow loanDepot's purchase loan business
Buyers can put as little as 5% down when taking out a new construction loan, with 1 closing and an optional float-down to secure a lower interest rate, according to United Wholesale Mortgage
NHC Mortgage will offer home loans in Florida, Iowa and North Carolina, with plans to expand to 9 other states in 2023
LoanDepot has formed 3 joint ventures with builders in just over 4 months
The expansion into Port St. Lucie, Florida, is the first new market for the company since it began offering a home listing service and resumed buying homes
Home energy efficiency is more complicated in hot climates, so stick to the basics for best results.
Prices expected to move higher in the coming months
New homes start in the 500,000s, existing median price sits at $530,000
Publicly-traded housing companies to invest more in entry-level and for-sale infill product