Posts Tagged ‘fha’

Would You Qualify for a Mortgage Now?

Wednesday, July 20th, 2016

The widespread myth that perfect credit and large down payments are necessary to buy a home are holding many potential home buyers on the sidelines. According to Ellie Mae’s latest Origination Report, the average FICO score for all closed loans in May was 724, far lower than the 750 or 800 that many buyers believe […]

One more time, you do not need 20% down payment to buy a house

Thursday, May 12th, 2016

A survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today.  1. Down Payment The survey revealed that consumers overestimate the down payment funds needed to […]

Mortgage Rates Current and Projected

Tuesday, January 26th, 2016

According to BankRate.com, the current mortgage rate for a single family home on a 30 year fixed rate is around 3.98. The NASDAQ and international markets are fluctuating wildly these past two weeks.  If you’re on the fence about applying for a mortgage loan, I encourage you to talk to a loan broker this week; […]



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