Tag Archive for: homebuying

JVM Has A Down Payment Assistance Program; When Down Payment Assistance Programs Are Overrated

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JVM offers the Chenoa Down Payment Assistance Program (DPAP). The “assistance” is a 3.5% (of purchase price) 2nd mortgage that can be coupled with either a 96.5% loan-to-value FHA loan […]Read More

Only 21% Think “Now” Is A Good Time to Buy; Demographics Say Otherwise

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CONFIDENCE IN BUYING DROPS Only 21% of Americans think now is a good time to buy a home, according to October’s Fannie Mae Housing Survey. This is down from 28% […]Read More

The Loan-to-Value (LTV) Ratio: A Guide for Borrowers in Texas

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The Loan-to-Value Ratio (LTV) is a key mortgage term for Texas borrowers to know and understand. LTV is often mentioned when explaining mortgage products.Read More

Average Closing Costs For Homebuyers In Texas

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Generally, when a lender refers to “closing costs” they are referencing the fees required as a result of a property transaction. Closing costs can be broken down into two basic categories: Lender Origination Fees and Third-Party Fees.Read More

Which Week Is the “Black Friday” For Homebuying?

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  This was the title of a Housing Wire article I read last week. I am lifting this directly from the article: “Apparently, the best time to purchase a house […]Read More

Adding Eggs & Why Agents Should Let Sellers Help Sell Their Home

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  When General Mills introduced Betty Crocker boxed cake mixes in the 1950s, they included dried eggs. Aspiring cooks just had to add water to the mix in order to […]Read More

First-Time Homebuyers Hunt for Financing Before Houses

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74% of homebuyers start their house hunt by researching financing options and getting pre-approved. For first-time homebuyers, that percentage increases to 85%. Buyers need to consider getting a pre-approval early in the home buying process as it's extremely valuable to the home buying journey.Read More

California Buyers Worry Student Loans Prevent Pre-Approval

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Millennials in California have some most of the student loans, which has increased 130 percent since 2008. With all these outstanding balances, it’s no wonder that California buyers are afraid that their student loans will prevent them from qualifying for a mortgage payment. Nearly 57% of all millennials (people born between 1981 and 1996) have student debts that they are still making payments on.Read More

Jumbo Loans in California

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Jumbo loans are becoming increasingly popular for California homebuyers. This is mostly due in part to the rising costs of homes in the state. As a result, increasingly more homebuyers in California are having to use jumbo loans to finance their property purchases.Read More

Four Steps to Prepare for Closing Day in California

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Closing day is the last step for homebuyers in their loan process. All their paperwork gets finalized and the deed of the property is officially transferred to the new owner. Here are four steps to help California homebuyers have an easy closing day!Read More

5 Tips For Buying A Foreclosure in California

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Exploring the specifics of purchasing a foreclosure in California? Well, it's a different process compared to your regular real estate transactions. In the standard scenario, you'd be directly communicating with sellers and their agents, making offers, and finalizing the deal. However, when it comes to foreclosures, things take a slightly different turn. Read More

VA Loans: Everything You Need To Know

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We've assembled this VA guide to help buyers and agents alike. These are the common questions we receive on a daily basis about VA financing.Read More

52% of Homebuyers In California & Nationwide Have Down Payments Less Than 20%

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FHA loans are an excellent option for California homebuyers who are in the market to purchase a property but are lacking the funds for a 20% down payment.Read More

First-Time Homebuyers Should Consider FHA Loans in California

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Federal Housing Administration (FHA) loans are an excellent option for California first-time homebuyers looking to buy in the competitive California market. FHA loans in California have low down-payment financing options with flexible underwriting guidelines that are great for homebuyers with liquidity or credit issues.Read More