Mike Fratantoni on the MBA’s mortgage market outlook

Fratantoni discusses the MBA's November forecast, which includes revised estimates for Q3 and Q4, as well as predictions for next year’s purchase market.

Housing market forecast: It’s about politics, not economics

COVID protections for households and support for financial markets are set to expire at the end of 2020. How will this impact the housing market in 2021?

Buying a home in a competitive market

We couldn’t be more thrilled about interviewing a real estate agent for the second episode of Girlfunds, a show where we give you our two cents on money.

Building the one-touch digital mortgage

As Katherine Campbell drives toward a one-touch mortgage, she’s taking time to share what she has learned along the way.


HomeUnion expands again; begins lending to single-family rental investors

Investors can take out up to 10 GSE-backed mortgages

HomeUnion, an online real-estate investment management firm, is expanding from helping investors identify single-family rental properties to purchase to actually helping them buy the properties.

HomeUnion announced Tuesday that it is launching a new division, HomeUnion Lending, which will focus on lending to single-family rental investors.

According to a release from HomeUnion, HomeUnion Lending will give SFR investors a mortgage option with a lender “dedicated to meeting the needs for single-family rental investors.”

In its release, HomeUnion said that HomeUnion Lending’s loan programs will include Fannie Mae and Freddie Mac-backed loans “when appropriate.”

HomeUnion Lending will also give investors the option of using asset-based lending vehicles and present investors with tools on how to best value rental income streams when making a lending decision. 

According to HomeUnion, if they qualify, investors can take out up to 10 GSE-backed mortgages for investment properties. HomeUnion Lending will also work with other lenders to provide financing to investors who may want to purchase more than 10 houses or need different qualifying guidelines, the company said.

HomeUnion Lending is currently licensed in Alabama, Florida, Indiana, Iowa and Oklahoma, and the company expects to be licensed in another 16 states by the end of the first quarter of 2016.

"Increasingly, we are seeing SFR investors using leverage through GSE-backed mortgages, a unique benefit for single-family home investors and other asset-based lenders to enhance their return on investment and build geographically-diverse property portfolios," said Don Ganguly, CEO of HomeUnion. 

"By starting our own lending company, we're simplifying the investment process and providing our investors with access to mortgage professionals who specialize in SFR lending and understand the particular needs of investors seeking to use leverage,” Ganguly continued. “All of this will allow us to provide superior customer service to SFR investors."

The move is part of a growing trend that seeks to capitalize on the number of smaller landlord/investors that dominate the SFR space.

HomeUnion also announced that it hired Chris Diaz to run its new mortgage brokerage.

Diaz brings more than 18 years of industry experience to the company and will be responsible for building the infrastructure and running the day-to-day brokerage operations.

Prior to joining HomeUnion, Diaz founded his own real estate and mortgage company, was a columnist for the Orange County Register and was a district manager with H&R Block Mortgage.

"HomeUnion is providing online data and analytics that help individuals intelligently buy remote SFR properties, and a dedicated SFR financing component adds a new level of customer service that simplifies the process even more,” Diaz said.

Most Popular Articles

Fannie Mae, Freddie Mac conforming loan limits increase for 2021

The Federal Housing Finance Agency announced new conforming loan limits for Fannie Mae and Freddie Mac for 2021. The increase is up 7.5% from 2020’s limit of $510,400 and marks the fifth consecutive year of increases.

Nov 24, 2020 By

Latest Articles

CoreLogic responds to investor groups’ initiation of written consent process

The battle for CoreLogic’s board continued on Tuesday after Senator Investment Group and Cannae Holdings, who attempted an unsolicited takeover bid of the company this summer, initiated a written consent process to remove and replace additional directors.

Nov 24, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please