Tag Archive for: first-time homebuyers

Everything Homebuyers Need To Know About FHA Loans

Are you looking to buy your dream home but worried about the hefty down payment? FHA loans might be the perfect solution for you! Whether you're a first-time homebuyer or someone who wants to upgrade to a new property, FHA loans offer a variety of benefits that can make the homebuying process easier and more affordable. In this comprehensive guide, we'll explore what FHA loans are, how they work, and how you can get one.Read More

Unlock Your Dream Home with a 1% Down Payment Option

Saving up for a down payment can feel like an insurmountable hurdle, but what if there was an option that allowed you to put down just 1% of the loan amount? Thanks to a new loan program, this dream can become a reality. In this blog post, we'll explore the new 1% down payment option now available for homebuyers and provide answers to frequently asked questions, so you can make an informed decision about your homeownership journey.Read More

Lenders Giving Away Farms To Generate Volume! 1% Down Loans!

Some extraordinarily advantageous mortgage offerings have surfaced in recent weeks. This is for two reasons: (1) Lenders (or investors that buy loans) are desperate to generate volume; and (2) Lenders/investors […]Read More

TSAHC Programs: A Pathway to Homeownership in Texas

TSAHC's Homes for Texas Heroes and Homes Sweet Texas Home Loan Programs provide down payment assistance and home loans to homebuyers in Texas.Read More

100% Financing With CalHFA’s Dream For All Program

PROGRAM UPDATE AS OF 4/6/2023: We were just informed by CalHFA that the Dream For All program will be paused on Wednesday, April 12th, and likely will be out of funds by Monday, April 10th. Please contact us to discuss alternative financing options at (855) 855-4491 or [email protected].Read More

Rates Climbed 1% in February! Great Opportunity For Buyers!

Why Is My Client’s Rate So High? That is a question we have heard from several agents over the last week. The primary reason is usually just a misunderstanding of […]Read More

Fannie Mae Is Raising Rates for STRONG Borrowers

Approximately 85% of FHA loans are for first-time homebuyers. In contrast, about 50% of Fannie Mae’s and Freddie Mac’s “conforming loans” are for first-time homebuyers. As a quick reminder, FHA […]Read More

Housing Affordability Myth

One of the most pervasive myths convincing all too many people that a housing downturn is inevitable is the affordability myth. There are headlines everywhere proclaiming an imminent housing crash […]Read More

First-Time Homebuyers = Expansive Term; Maximum Age For Mortgage; Competitors Come to Us

Competitors Come To Us For A Mortgage We frequently have individuals from competing mortgage lenders come to us for mortgage financing because (1) we have more loan programs than they […]Read More

Fannie Mae’s Greatest Hits! (You Don’t Want To Miss This)

We recently locked a refinance for a borrower at 6.875% – after he was quoted 5.25% by another loan officer. The borrower did not use the other loan officer because […]Read More

1.5% Lower Rates For First-Time Homebuyers! Please Understand How HUGE This Is!

In late October, Fannie Mae eliminated most of the fees (that effectively increased the interest rates) for first-time homebuyers (FTHBs). I blogged about it in November – Fannie Mae Made […]Read More

No Down Payment, No Problem (Down Payment Assistance Programs)

When Boomers Are Wrong… For years, I downplayed the efficacy of down payment assistance programs, saying they were too slow to close, too expensive, and/or too off-putting for sellers (so […]Read More

Fannie Mae Made Rates WAY LOWER for First-Time Homebuyers!

In mid-November, both Fannie Mae and Freddie Mac made homebuying ridiculously less expensive for many, if not most first-time homebuyers! And – I was remiss for not blogging about it […]Read More

California Giving Away Down Payment Funds For Free!

We have received a ton of questions recently regarding the California Housing Finance Agency's (CalHFA) new program that offers a 10%, forgivable, interest-free loan to first-time homebuyers. So, we want to clarify the program's guidelines and touch on some serious tradeoffs buyers should consider.Read More