Excellent Financing Options for Low-Income Borrowers with HomeReady and Home Possible

Excellent Financing Options for Low-Income Borrowers with HomeReady and Home Possible

Gone are the days when borrowers with low income and not-so-perfect credit didn’t have options for purchasing a home. Both Fannie Mae and Freddie Mac, the two major agencies that buy and sell mortgages from lenders, created mortgage programs designed for low-income...
Think You Can’t Qualify for a Home Loan Because of Your Income Status? Cue: Non-QM Financing

Think You Can’t Qualify for a Home Loan Because of Your Income Status? Cue: Non-QM Financing

Traditional mortgage products aren’t the only way to qualify for a home loan. With more and more home buyers working non-traditional jobs, the lending landscape is changing to address the specific income status of those unique potential home buyers. Cue: Simple...
Tips for Finding Real Estate Resources When Relocating

Tips for Finding Real Estate Resources When Relocating

There is a never-ending list of things to worry about when you relocate, whether to a new city or a completely different state. One of the biggest stressors is buying a new home. Here are some tips to help you find all the real estate resources you need to relocate....
How Inflation Affects Consumers’ View of the Housing Market

How Inflation Affects Consumers’ View of the Housing Market

As inflation continues to rise in the U.S., the effects are rippling through the housing market. Let’s look at how consumers in this market are reacting to rising prices. Some Buyers Are Speeding Up, Others Are Hitting the Brakes The Mortgage Bankers Association...
Non-QM Highlight: Bank Statement Loan Financing

Non-QM Highlight: Bank Statement Loan Financing

Are you self-employed? A gig economy worker? Perhaps you generate income from investments rather than a salary. If so, or if you have similar non-traditional income, the standard approval process of a traditional mortgage may not suit your unique situation. But a bank...