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Coming off of the pandemic banner years, thinning origination volume, low inventory and soaring home prices made business much harder to come by for LOs in 2023. Here's how LOs made it work.
Loan originators can no longer rely on move-up buyers. As mortgage rates approach 8%, they are pivoting to first-time homebuyers with FHA, VA loans and down payment assistance programs.
As mortgage rates near 8%, loan originators target first-time homebuyers housingwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from housingwire.com Daily Mail and Mail on Sunday newspapers.