Posts Tagged ‘va’

VA Loans by the Numbers

Monday, November 13th, 2017

Some Highlights: Since the creation of the VA Home Loans Program, 22 million veterans have been able to achieve the American Dream of homeownership. So far in 2017, $188 billion has been loaned to veterans and their families through the program. VA Purchase Loans are on the rise in 46 out of 50 states and […]

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 […]

How Long Will it Take to Save Up for a Down Payment on a Home?

Wednesday, April 20th, 2016

In a study conducted by Builder.com, researchers determined that nationwide, it would take “nearly eight years” for a first-time buyer to save enough for a down payment on their dream home. Depending on where you live, median rents, incomes and home prices all vary. By determining the percentage of income a renter spends on housing […]

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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