Category: Blog
Specialized Financing for Stick-build, Modular and Manufactured Homes
FNMA, FHA & FINANCING AVAILABLE Permanent loan is closed before home is built. Creating new opportunities for more qualified borrowers As low as 3.5% down payment for FHA Zero down payment for VA with no mortgage insurance for most veterans Credit Scores as low as 530 for FHA and VA Borrower ma
MMG Weekly: Report Card in for 2016 Housing, GDP
Last Week in Review "Turn this house into a home." Luther Vandross. Existing Home Sales and New Home Sales followed a similar path downward in December. But the latest housing reports still had good news to share. Existing Home Sales closed out 2016 as the best year in a decade, though December's numbers were bel
HOMEREADY & HOMEPOSSIBLE Income & Property Eligibility
https://homeready-eligibility.fanniemae.com/homeready/ https://freddiemac.com/homepossible/eligibility.html ? Put the address of your subject property into the HOMEREADY & HOMEPOSSIBLE Income & Property Eligibility tool and if the income limit works for your loan then this product prices out MUCH better t
Purchase Power!!
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Purchase Apps Surge, Driven by Jumbos
Purchase mortgage application activity picked up significantly during the week ended November 18. The Mortgage Bankers Association said its Market Composite Index, a measure of application volume, increased 5.5 percent on a seasonally adjusted basis from the week ended November 11 and was up 3.0 percen
Our SELECT 24 Month Bank Statement Program
Self Employed Borrower Salaried Co-Borrower Allowed Personal and/or Business Bank Statements Allowed Interest Only & Fully Amortized 5/1 LIBOR ARM Purchase, Rate & Term Refinance and Cash Out Ask your Account Executive for Cash Out Maximum in Hand Owner Occupied, Vacation/Second Home, & Investment P
FHFA Announces Increase in Maximum Conforming Loan Limits for Fannie Mae and Freddie Mac in 2017
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2017 will increase. In most of the country, the 2017 maximum loan limit for one-unit properties will be $424,100, an increase
Last Week in Review
Last Week in Review: Consumers pull back on retail spending, while home loan rates hit their lowest levels of the year. Forecast for the Week: Housing and manufacturing will fight for a headline in the midst of geopolitical events. View: Activate those brain cells when you have 30 minutes. "I like spending
Falling Demand, Competition, Push Lenders Toward Easing Standards
As home buying affordability has declined, it has indirectly moved lenders' apparent willingness to loosen credit standards in the opposite direction. Fannie Mae says its second quarter Mortgage Lender Sentiment Survey shows the net share of lenders reporting they have eased credit standards over the p
Perceived Sellers’ Market Could Lead to Inventory Gains
Is there relief in sight for those oft cited, much maligned tight housing inventories? The National Association of Realtors® (NAR) sees a glimmer of hope in the responses it received to a recent survey. The Housing Opportunities and Market Experience (HOME) survey for the second quar
7-Year ARM Rates Best For Modern Homeowners
Many Homeowners Skip Over 7 Year ARM Rates If you're looking for a house but expect to be in it only for a limited time, you might pay more with a standard 30-year fixed mortgage than you require to. A 7-year adjustable rate mortgage (ARM) could lower your monthly expenses and give you options down the road.
Check Out Our Low Down Payment Options!
Down payments as low as 3% Conventional: 3% down with min. 620 FICO HomeReady: 3% Down payment can come entirely from a gift (Same min. FICO applies) Home Possible Advantage: Purchase & refinance loans up to 97% LTV for SFR only Home Possible: For 1-4 unit properties up to 95% LTV VA: 100% fina