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Mortgage Info

Neighborhoods

13 Places to Buy a New Home with a USDA Home Loan

June 9, 2017
Donovan Exterior

When you think of USDA home loans, farmhouses and fields probably spring to mind, not modern new homes in up-and-coming residential communities. But, you might be surprised to find USDA-eligible neighborhoods in—or right on the edge of—your sales turf. If you sell in one of those areas, your buyers may be able to take advantage of this government-guaranteed mortgage option with no down payment and relaxed credit requirements (compared to conventional loans). Here are just a few of the places we build homes that may…

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Tips & Tools

Student Loan Debt and Homeownership

May 4, 2017
Graduation cap with money

Having a college education is very valuable. Unfortunately, the price tag often reflects this, and navigating post-graduation financial waters can be tricky. That being said, student loan debt shouldn’t be a barrier to homeownership. There are ways to balance the responsibility of paying off student loans and still enjoy homeownership. Here are a few concerns these buyers may have about buying a home, and some ways you can address them. “I can’t save up for a down payment while making student loan payments.” Saving for…

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Events & Specials

Why Clients Should Buy a New Home—Now!

January 3, 2017
Loan Officer

During our January homebuyer event, we’re highlighting many of the reasons buying a new home is a great way to start the new year! Here’s the scoop for our friends in real estate:   Loan limits have increased. Your clients may have more buying power than they realize if they received mortgage preapproval before the 2017 loan limit changes kicked in. The difference could be several thousand dollars, depending on your location, so it’s in their best interest to check. FHA and conventional mortgage loan…

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Events & Specials

Help Clients Take Charge of Their Credit Score

December 1, 2016
Two real estate agents speaking

If your clients will apply for a mortgage in the coming year, their credit health should be priority #1. After all, a homebuyer’s credit score can affect their desired price point, what types of loans they can qualify for, their lender options, buying timeline and other factors that can ultimately make or break a sale. But wait, you’re not a loan officer or financial advisor. How could you possibly help? Share our free guide! During December’s Credit Check-up event, homebuyers can download 8 Credit Score…

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Tips & Tools

Mortgage Cheat Sheet for Realtors®

September 8, 2016

Clients shopping their mortgage options? Share our helpful infographic! This simplified starting point may clue them into a financing avenue they’ve overlooked—potentially boosting their buying power. Select each section of the infographic to read more about FHA loans, conventional or Jumbo loans, USDA loans or VA loans. Ultimately, the best resource for loan information is a loan officer, but your clients may appreciate a brief overview of the market’s most common home loan types.   Please note: HomeAmerican Mortgage Corporation’s principal offices are located at…

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Tips & Tools

How to Help Military Homebuyers

June 8, 2016
Military family on porch

Buying a home presents a few extra challenges for active-duty servicemen and women, but it also offers some unique advantages—the opportunity to build equity while using a tax-free Basic Allowance for Housing (BAH), for example. Armed with a little information, your military client’s experience doesn’t have to be much different from the average homebuyer’s.   Here’s what you can do to help: Find out how far from base your clients would like to live. For some military families, the distance from base isn’t just a…

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Tips & Tools

How to Help a “Boomerang Buyer”

March 29, 2016

Boomerang buyers—former homeowners looking to reenter the market after having been sidelined by foreclosure or bankruptcy—can be a great demographic for expanding your client base. Oftentimes credit-impacted buyers feel adrift navigating their way back to homeownership, and an agent with the right expertise can prove invaluable. To position yourself for success, check out these beginning pointers on becoming an effective ally for boomerang buyers.   Find their best loan option Each loan type has a different waiting period before boomerang buyers can apply for a…

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How to Help a First-time Buyer

December 15, 2015

As a real estate professional, you’re probably well aware of the potential equity and tax benefits renters could be missing out on, but they might not understand them. That’s why some renters who could benefit today from homeownership still remain on the fence. Even when they decide to jump in the market, everything about the homebuying process is entirely new. That’s why first-time homebuyers need professional advocates like you, and we’re here to help put a plan of action together. Here are six points to…

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