Over the past week, mortgage rates climbed to some of the highest levels seen in nearly a year. Although rates eased slightly today, they still remain near the highest levels of the past 9 months.
For borrowers currently looking to purchase or refinance, eligible full documentation loan products locked by June 30 may qualify for the following incentives:
✅ Free 1-0 Buydown Program
Reduce the interest rate by 1% during the first year, helping lower the initial monthly payment burden.
✅ Refi86 Refinance Incentive
Eligible refinance products may receive up to an 86 basis point (bps) pricing credit already built into the quote.
Over the past week, mortgage rates climbed to some of the highest levels seen in nearly a year. Although rates eased slightly today, they still remain near the highest levels of the past 9 months.
For borrowers currently looking to purchase or refinance, eligible full documentation loan products locked by June 30 may qualify for the following incentives:
✅ Free 1-0 Buydown Program
Reduce the interest rate by 1% during the first year, helping lower the initial monthly payment burden.
✅ Refi86 Refinance Incentive
Eligible refinance products may receive up to an 86 basis point (bps) pricing credit already built into the quote.
Home Sweet Texas Program
If you are planning to purchase a primary residence but are concerned about down payment or closing costs, the Home Sweet Texas Program may be an excellent option to explore.
This program offers down payment and closing cost assistance equal to 2%–5% of the loan amount through a: 0% interest forgivable second mortgage As long as the borrower occupies the home as their primary residence for 3 years, the assistance balance may be fully forgiven, significantly reducing upfront cash requirements.
Whether you are a first-time homebuyer or purchasing again, you may qualify as long as you meet the program requirements, including credit score, income limits, and occupancy guidelines. Contact us to see if you qualify.
USDA Zero Down Payment Loan
Many people assume USDA loans are only available in remote rural areas. In reality, many suburban communities surrounding major cities, newer developments, and convenient residential neighborhoods may still qualify for USDA financing.
Many people assume USDA loans are only available in remote rural areas. In reality, many suburban communities surrounding major cities, newer developments, and convenient residential neighborhoods may still qualify for USDA financing.
USDA Loan Highlights:
✅ Low down payment or even zero down payment options
✅ Interest rates are often lower than Conventional loans
✅ Great option for eligible primary residence buyers
Many buyers may already qualify without realizing it. If you are currently house hunting, feel free to contact us to quickly check property eligibility and review the best loan options available.
✅ Low down payment or even zero down payment options
✅ Interest rates are often lower than Conventional loans
✅ Great option for eligible primary residence buyers
Many buyers may already qualify without realizing it. If you are currently house hunting, feel free to contact us to quickly check property eligibility and review the best loan options available.
Changed Jobs Recently? You May Still Qualify to Buy a Home
In the past, using “Future Income” for mortgage qualification was generally limited to salaried employees. Many borrowers who had accepted a new job offer still needed to wait several weeks for pay stubs before applying for a mortgage.
Now, Freddie Mac has updated its guidelines.
Certain hourly wage earners who will begin a new job after closing may now qualify using future income, provided they can supply:
✅ Guaranteed hours documentation
✅ Complete employment verification documents
This update may help many borrowers in career transition situations purchase a home sooner without waiting for additional pay history.
In the past, using “Future Income” for mortgage qualification was generally limited to salaried employees. Many borrowers who had accepted a new job offer still needed to wait several weeks for pay stubs before applying for a mortgage.
Now, Freddie Mac has updated its guidelines.
Certain hourly wage earners who will begin a new job after closing may now qualify using future income, provided they can supply:
✅ Guaranteed hours documentation
✅ Complete employment verification documents
This update may help many borrowers in career transition situations purchase a home sooner without waiting for additional pay history.