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Qualified Home Loans

Refinance

Housing Market Predictions for 2022

The 2021 housing market was a bit tough for some home shoppers. Low rates and increased flexibility from working remotely put many first-time homebuyers on the map. But limited inventory, skyrocketing prices, and bidding wars made housing harder to come by. While home values aren’t likely to stop rising or start falling any time soon, …

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What’s the cost to get pre-approved?

Something we often hear from clients is that they waited longer to get pre-approved than they needed to when starting to shop for their first home. Common misconceptions about the pre-approval process are that it costs money, hurts your credit, and/or commits you in some way to actually getting a loan with that lender. In …

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How a New Job Could Affect You Qualifying for a Mortgage

Are you considering becoming a part of the Great Resignation? If so, you may have some important considerations that affect your ability to borrow money with a home loan. For example, “If I quit my job and move to a remote location what kind of house can I buy?”. Even if you are not leaving …

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New Mortgage Loan Limits Set For 2022

Like last year, the limits are increasing again. While the FHFA’s official announcement isn’t until November, we have many lenders allowing us to use higher loan limits now.  Lenders are using $625,500 for one-unit properties as the standard balance and over $937,500 on high balance loan limits. An increase in the conforming loan limit means more homebuyers …

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Self-employed and looking to get approved for a home loan? Your 2021 tax returns could be your magic solution.

It’s no secret that one of the most important factors in getting qualified for a mortgage loan is documentable income. Lenders, both large and small, justifiably want to know that you have money rolling in on a consistent basis, as this is a good sign that you’re able to repay the money you borrowed. Traditional …

Self-employed and looking to get approved for a home loan? Your 2021 tax returns could be your magic solution. Read More »