2018 Rate Hikes | Best Things Come in 3’s??

The 2018 Fed Funds Rate hikes are now a trio.  On Wednesday September 26 The Fed hiked rates for the 3rd time in 2018.  While on the surface this may be frightening, digging deeper reveals the method behind the Fed hike madness.   In fact, you might even find comfort after knowing the Fed's reasons for hiking rates. Apply for a Home Loan  Team@JeremyHouse.com 602.435.2149 Home Loan Interest Rates vs. Fed Funds Rates While home loan rates and the Fed Funds Rate do not move in tandem, a … [Read more...]

Adding Income to AZ Home Loan

When applying for a home loan, Arizona loan officers often take a minimalist's approach with your income.  In other words, they err on the side of caution using your most basic straight forward income.  While blood still does not flow from a stone, often more less obvious income is available if your loan officer looks for it. Apply for a Home Loan  Team@JeremyHouse.com 602.435.2149 Increasing Your Income for a Home Loan Minimalism is a "no harm/no foul" style when basic/easy income gets … [Read more...]

VA Home Loan – What Can Seller Pay?

VA home loans offer Veterans an outstanding home financing option.  Outstanding yet a little confusing with regard to closing cost requirements.   VA home loan rules govern which costs and how much of a VA buyer's closing costs sellers can pay.  In fact, VA has 3 different loan cost categories each with different stipulations.  The 3 categories are: Closing Costs Non-recurring Costs Non Allowable Costs Apply Now for a VA Home … [Read more...]

First Time Home-buyer 3% Down Loan – HomeOne

3% down Conventional Loans offer a great way for many home-buyers to buy.  In face, as of 7/29/2018 a 4th and the newest 3% down payment Conventional loan is available.  The new kid on the 3% down block is called HomeOne.   HomeOne is for First Time Home-buyers only. Apply for a Home Loan  Team@JeremyHouse.com 602.435.2149 3% Down Conventional Loans Available  All 3% down Conventional loans are not created equal.  In fact, some are available only to first time home-buyers.  Meanwhile, … [Read more...]

Rental Condo Loan Rules Improved (Reserves & Occupancy Ratios)

Had trouble financing a condo as a rental property?  Too many rental units in the condo project?   HOA Reserves contribution under 10% of HOA revenue?   Both are common issues with financing a rental condo.  Conventional mortgage rule changes eliminated these hurdles in many cases for investors. Apply for a Home Loan  Team@JeremyHouse.com 602.435.2149 Condo Loan Reserves & Owner Ratio Rules Commonly, well qualified rental condo buyers are declined based on condo eligibility issues.  … [Read more...]