Just Approved: Down Payment Assistance secures purchase for first-time buyer Wyatt’s borrower went through a separation and unexpectedly found herself in the market for a home with no resources for a down payment. She’d been working with another lender, hoping to obtain information about down payment assistance programs. The original lender told her she did not qualify because of her husband’s ownership of residential property. Since her husband owned a home while they were married and the couple previously filed joint returns claiming a mortgage interest credit, she wo...
August 27th, 2015 Just Approved in SF Gate for Brenda Wyatt!
John Holmgren's weekly "Marketwatch" with useful insights as to recent developments in the financial and mortgage markets. August 20, 2015: Rates steady despite weak stocks; More frequent no contingency offers. Read it here.
August 20th, 2015 Marketwatch for August 20, 2015
Just Approved: Buyers succeed in high-priced market with lower down payment jumbo mortgage Holmgren’s clients tried buying a home for several years but kept losing out to higher bidders and all-cash buyers. While their original plan had been to put 20 percent down, the down payment funds they had available were no longer enough to put that percentage down because of the escalating prices of the homes they wanted. While financing options with less than 20 percent down have been available for jumbo loan amounts (over $625,500), the terms were often not advantageous and/or sellers wer...
August 16th, 2015 Just Approved in SF Gate for John Holmgren!
American Pacific Mortgage now accepts a 600 FICO score on FHA loans. Contact your Holmgren and Associates Mortgage Advisor for full details. It's easy to understand why many people looking for a new home are turning to FHA insured loan programs. Because FHA Loans are insured by the Federal Housing Administration homebuyers have an easier time qualifying for a mortgage. Those who typically benefit most by an FHA loan are first-time home buyers and those who have less than perfect credit. Benefits of FHA Loans FHA insured mortgages are some of the best kinds of mo...
August 13th, 2015 American Pacific Mortgage Minimum FHA FICO now 600
John Holmgren's weekly "Marketwatch" with useful insights as to recent developments in the financial and mortgage markets. August 13, 2015: Rates steady despite wild stock market; Jumbo mortgage options increase. Read it here.
August 13th, 2015 Marketwatch for August 13, 2015
John Holmgren's weekly "Marketwatch" with useful insights as to recent developments in the financial and mortgage markets. August 6, 2015: Rates stable as markets await jobs report; Rates unlikely to derail housing market. Read it here.
August 6th, 2015 Marketwatch for August 6, 2015