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home financing

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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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Local Stories

5 FAQs on Home in Five

March 21, 2017
Home in Five: Smiling couple in front of moving boxes

Saving up for a down payment on a new home in Maricopa County? This homebuyer assistance program, now available through HomeAmerican Mortgage Corporation, may give you the boost you need to move up your moving day! What’s Home in Five? It’s a grant from the Phoenix and Maricopa industrial development authorities (IDA) that may be used toward a down payment and/or closing costs on a qualified home purchase. Typical program participants receive 2.5 to 3.5% of the total mortgage amount; members of the military, first…

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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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Buying a Home

4 Signs You’re Ready for Your Next Home

February 13, 2017
Happy couple packing boxes

On the fence about buying a new home this year? Following are four signs you’re ready to make a move—and soon! Your home requires major renovations. Current living space simply not working for you? A brand-new home may be a better option than costly, time-consuming renovations. Plus, do you really want to live amidst the dust and disrepair? Your household is changing. A new baby, an older child leaving the nest, an aging parent suddenly requiring round-the-clock care… So many factors can alter your household…

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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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