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Financing & Insuring

Financing & Insuring

What Can a Loan Officer Do for You?

April 18, 2017
Couple meeting with loan officer

Loan officers work to help prospective borrowers obtain home loans (a.k.a. mortgages). But there’s more to the position than meets the eye. A lender’s loan officers assist borrowers through the mortgage lending process. They are skilled at evaluating a homebuyer’s creditworthiness (the degree to which he or she is considered likely to repay a loan), and are well-versed on the many different types of loans available in today’s market. If you are considering buying a new home, you can meet with a loan officer to…

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Financing & Insuring

A Special Opportunity for Military Homebuyers

April 14, 2017
American soldier playing with his daughter

Planning to buy a home with a VA loan? If you choose a Richmond American home and arrange financing through HomeAmerican Mortgage Corporation, you could buy with no money down and no closing costs—just a $1 earnest money deposit! What’s a VA loan? It’s a mortgage loan guaranteed by the Department of Veterans Affairs. VA loans help members of our armed forces and their spouses achieve the American Dream of homeownership. Who’s eligible? In general, active-duty and veteran members of the US Army, Navy, Air…

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Financing & Insuring

Lock in Today’s Mortgage Rate until 2018

March 20, 2017
Dayton at Saddle Rock

Planning to buy a home this year? If you’ve been keeping a nervous eye on news from the Federal Reserve, wondering if you’re missing out on your best mortgage rate because you’re not ready to close, an extended rate lock might be just the thing you need to move forward with confidence. What is an extended rate lock? A buyer typically has sixty days to close a loan after locking in a mortgage rate. With an extended rate lock by HomeAmerican Mortgage Corporation, you can…

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Financing & Insuring

New Home Loan Limits For 2017

January 3, 2017
New 2017 Home Loan Limits

Wondering about financing a new home in 2017? Good news! Home loan limits have increased in the new year for several areas across the country. That means more homes may qualify for a greater variety of loans—potentially offering you more ways to finance your dream home! While not all areas experienced increases, it’s certainly worth checking to see if your county got a boost. Here’s a breakdown of the recent changes by loan type. Conventional loans Conventional loan limits at many Richmond American communities saw increases…

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Financing & Insuring

Applying for a Mortgage Soon?

December 7, 2016
Get your credit mortgage ready with these 8 tips

We’ve created this handy infographic to help you understand and work to improve the factors that affect your credit score—an important consideration for any lender reviewing your mortgage application. Your credit score may influence what types of loans you can qualify for and what rate lenders will offer you, so it’s best to make it a priority as soon as possible in your home search. For more detailed information, download our free guide, 8 Credit Score Management Tips.

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