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Today’s Mortgage Rates: What They Mean for Homebuyers & Homeowners
Mortgage rates are one of the biggest factors influencing whether it’s a good time to buy a home, refinance, or simply wait. You’ve probably searched “mortgage rates today” or “current mortgage rates” — and you’re not alone. These are some of the most Googled terms in real estate and lending. But what do today’s mortgage…
Read MoreBuy & Save / Seller Abatement
Builder or Seller can contribute funds to cover borrowers’ payment up to 3 months on home via Interested Party Contributions Build/Buy & Save Payment Option Overview: This Payment option allows a builder or seller to contribute funds that cover the borrower’s payment for up to 3 months on a home in the form of an Interested Party Contribution (IPC). The funds are placed into an…
Read MoreSimple Way to Invest: DSCR Loans
DSCR Loan Programs A DSCR (Debt Service Coverage Ratio) mortgage loan is a type of loan used for investment property financing. It focuses on the property’s income potential rather than the borrower’s personal income. This ratio measures the property’s ability to generate enough income to cover its debt obligations, including mortgage payments. It is calculated by dividing the property’s Net Operating Income (NOI)…
Read MoreStartSmart and Down Payment Assistance
ADFA- StartSmart and Down Payment Assistance I speak to clients on the daily about the hurdles of home ownership versus renting. They often come to me after struggling to find a rental, being kicked out due to a property ownership change, or after applying for multiple homes and getting denied for rentals. What most do…
Read MoreOne Time Close Construction
Looking to build your dream home? A one-time close, or construction-to-permanent, option may combine the construction cost, price of the lot and final mortgage into a single loan, all with only a single closing, eliminating the need to re-run credit or verify income and employment for a second time. Basic Qualifications 5% Down for conforming Primary…
Read MoreAuthorized User Accounts to Build Credit Quickly
There are many reasons why your credit score might not where you want it to be. Things such as late payments, high revolving account balances, excessive inquiries, collections and charge offs, and public remarks might be causing an issue. But for some people, the issue is lack of open and good standing revolving credit lines.…
Read MoreUSDA Manufactured Housing
Effective 05/05/2025 USDA/RD will allow financing for existing manufactured homes (previously only allowed new construction). Standard Requirements & Restrictions Loan Purpose Purchase of existing manufactured home unit Amortization Term30-Year Fixed Geographic Restrictions Effective for submissions to the Agency on and after 05/05/2025: Existing manufactured homes are permitted in all 50 states. Loan Limits The subject property…
Read MoreFHA / USDA Property Standards
There is nothing more frustrating than finding the perfect home, negotiating a contract, then realizing it does not meet the criteria for appraisal. FHA and USDA (Rural Housing) both require that the property you purchase meet a minimum property standard. Use the information below to help guide you through the shopping and negotiation process. Here…
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