Employment Gaps when Applying for a Mortgage

Most lenders want to see a two-year consistent employment history. However, we have closed many loans with borrowers who have gaps in employment all the time. Common reasons for gaps in employment Maternity leave Personal time off due to divorce or death in the family Being in school full time Military deployment Working part-time that […]

4 Ways to Clean Up Your Finances Before Seeking a Pre-Approval

Claire & Rory want to become homeowners but are not sure when they want to buy a home. They are not yet ready to talk to a loan officer but want to start planning. Here are four ways Claire and Rory can start to organize their finances before getting a pre-approval. 1.Review their credit reports […]

Upfront Fees on High Balance and Second Homes will Increase in 2022

The Federal Housing Finance Agency announced that they will be increasing the upfront fees for certain high balance and second home loans. Loans in affordable housing programs (HomeReady, Home Possible, HFA Preferred and HFA Advantage) will not be subject to new fees. Upfront fees for high balance loans will increase between 0.25% and 0.75%, tiered […]

How to Sell Loans in a Rising Rate Market

It’s no secret that rates are on the rise this year. Now is the time to pivot towards other strategies that are not focused on low interest rates. Many consumers are only familiar with refinancing to a lower interest rate, but it is our goal as loan officers to show them the bigger picture. Data […]

$600 Credit on Home Purchase Appraisals

For a limited time, we’re offering homebuyers up to $600 toward their appraisal. Homeownership may seem very elusive right now, especially for first-time homebuyers. Appraisal costs are hefty so offering a $600 credit should help take off some of the pressure during the homebuying process. In addition to the appraisal credit, we’re here to make […]