How to Calculate a Jumbo VA Loan Amount

If you’re eligible for a VA loan and want to come to the closing table with as little money as possible, a VA loan is going to be hard to beat and for several reasons. The most popular is probably not requiring a down payment. That is at least up to the maximum VA loan […]

Down Payment Assistance is Here

Saving up enough money for a down payment and closing costs is typically the single biggest challenge when buying real estate, especially so for those buying their very first home. There are low down payment programs which can ask for as little as 3.5 percent down, such as the FHA program, as well as zero […]

Mortgage Rates Hit Three Year Lows

Mortgage Rates Hit 3-Year Lows, Foreclosure Rates Continue Dropping Good news for home buyers—this month mortgage rates officially hit a 3-year low.  As of May 10th, rates were 3.5-3.635% for 30-year fixed loans.  This is the lowest that they have been on average over the entire 3-year time period (last year, the rate was 3.84%).  […]

Mortgage Rates May Push Upward

Mortgage Rates May Push Upward Later This Week Dependent on Retail Sales Data Mortgage rates managed to drift slightly downward last week, with no big surprises to press rates significantly in any direction. The ISM indices split direction, with the manufacturing index posting a decline, and the services index moving upward. Both indices remain above […]