Click on the link to view today's home purchase/refinance rates:
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Last Wednesday, the Federal Reserve announced its decision to keep the federal funds rate unchanged, as widely expected. However, the Fed’s statement delivered a more hawkish message, leading the market to adjust expectations for future rate cuts. As a result, mortgage rates moved higher and reached their highest level in July by last Friday.
The good news is that Jumbo loan rates and DSCR investment loan rates have remained relatively stable, providing attractive financing opportunities for homebuyers and real estate investors.
Current Market Environment: More Negotiating Power for Buyers & More Investment Opportunities
With inventory levels improving in many markets, buyers currently have more negotiating power compared with previous years. At the same time, DSCR loans (investment loans that do not require personal income verification) continue to offer competitive pricing, making them an option worth considering for clients looking to purchase rental properties.
Below is an example of a $360,000 investment property in Washington State using a DSCR loan (for illustration purposes only):
- Down payment: 25%
- Interest rate: 6.50% (with 3-year prepayment penalty)
- Monthly principal & interest payment: $1,706.58
- Estimated property tax, HOA, and homeowner insurance: approximately $451/month
- Estimated total monthly cost: approximately $2,157.58
- Estimated market rental income: approximately $2,300/month
Depending on the property location, rental income, and operating expenses, investors may still have the opportunity to achieve positive cash flow.
Similar DSCR investment loan opportunities are available in other states as well. If your clients are considering purchasing rental properties or expanding their real estate portfolios, we would be happy to help analyze financing options.
Washington State HELOC Update
Good news for Washington homeowners:
Effective immediately, Washington State HELOC (Home Equity Line of Credit) loans may no longer charge borrowers a separate Underwriting Fee.
For eligible HELOC transactions, this fee must be waived by the lender, meaning borrowers will no longer be responsible for this additional underwriting charge.
New Construction Financing Opportunities
If your clients are considering building a new home from the ground up, we also provide financing solutions for new construction projects.
Attached is the UWM-approved Builder List for your reference.
Whether your clients are:
- Purchasing their first home
- Moving up to a new home
- Investing in rental properties
- Building a custom home
We are happy to help structure the right financing strategy and provide professional guidance throughout the process.
Thank you for your continued trust and partnership!
Please feel free to reach out anytime to discuss loan scenarios or financing opportunities.
Special Buyer Promotion: 1-0 Buydown Extended Through August 31, 2026!
Enjoy a 1% lower interest rate during the first year, helping reduce monthly mortgage payments when buyers need it most.
This promotion is available for just 0.25 Point (25 bps), making it a highly cost-effective option.
Available for Full Documentation Purchase Loans.
Eligible for Primary Residences and Second Homes/Vacation Homes.
Not available for Investment Properties.
For buyers looking to lower their initial housing costs, the 1-0 Buydown program is an excellent financing strategy. It provides meaningful payment savings during the first year of homeownership while preserving the flexibility to refinance should interest rates decline in the future.
If you have clients who are preparing to submit an offer or need a mortgage pre-approval, please feel free to reach out. I would be happy to help you structure the best financing solution for your buyers and support a smooth and successful transaction.
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One of the most common questions we receive from clients is, "How long does it take to close a loan?"
We're pleased to share that our team's current average turnaround time from loan application to Clear to Close (CTC) is just 14 days. A fast and efficient approval process helps transactions move smoothly and gives your clients greater confidence throughout the home-buying process.
1-0 Buydown Promotion
the highly popular 1-0 Buydown program has been officially extended through August 31st! Please note that while it is no longer entirely free, it now costs just a minimal 25 bps (0.25 points). This remains an incredible tool for helping your buyers significantly lower their initial monthly payments in today's market.
New Product Spotlight | Rural Residential Loan
Have you recently encountered clients wishing to purchase rural properties, large acreage estates, horse ranches, livestock farms, hobby farms, or properties featuring barns and stables? Because of the expansive acreage or unique usage, these properties often fail to meet conventional underwriting standards, leaving buyers with limited financing options.
To bridge this gap, we have launched our Rural Residential Loan program, specifically engineered for non-traditional rural properties.
Key Highlights of the Program:
Flexible Acreage & Property Use: Supports up to 160 acres, including pastures and agricultural land. It also permits outbuildings like barns, stables, and livestock facilities.
Favorable Income & Tax Guidelines: Accepts Schedule F agricultural income and supports properties with active Agricultural Exemptions.
Lenient Value Distribution: The primary residential home only needs to account for at least 30% of the overall property appraisal value—a significantly lower threshold than conventional guidelines require.
If you have clients searching for rural homes, hobby farms, or other unique properties, please feel free to reach out. I would be delighted to structure a financing strategy to help them secure an approval and successfully close deals that might otherwise hit a wall.
Wishing everyone a highly productive and successful week ahead!
