First Commonwealth Federal Credit Union’s Post

Your home is more than just a place to live; it's where memories are made and legacies are built. At Legacy National Bank, we're here to help you achieve your dream of homeownership. Whether you're buying, refinancing, or investing in your home, let's make sure your legacy is one that lasts. Member FDIC. Equal Housing Lender.   #LiveYourLegacy #HomeOwnership #LegacyNationalBank

It can be hard to get a mortgage in Drew, Mississippi. Or in Newark, Ohio. Or many other lower-income pockets of the US. Noah Buhayar and I took a deep dive into the nation's financial plumbing to find out why. https://lnkd.in/gTZdZVbs We hope you'll give it a read and that it helps inform folks about a wonky, $1.4 trillion government-subsidized system called the Federal Home Loan Banks that have a mandate from Congress to "promote economical housing finance." Why should you care? The FHLBs gave billions to regional lenders earlier this year, some of which ultimately failed had all but stopped originating mortgages. They're now a colossal enterprise that the Biden administration has been looking to reform.

Here is a photo from a couple of weeks ago of me with my good friend, John Adams, Senior Executive Vice President and President of Real Estate Finance of New York Community Bank (NYCB). I saw John at the Community Mortgage Bankers Association dinner, where I gave a speech about the current state of the investment sales market in New York City. As is often the case when I speak these days, the facts are not uplifting, but it is so important that everyone knows the facts and, as I like to say, the statistics!! Always great to see John and all of my banker friends!! #nycrealestate #networking #investmentsales

#MortgageProfessionals: Check out this loan scenario! These customers wanted to purchase a home in Indiana so they had a place to stay when visiting family (they work and reside outside of Indiana). Since both of the borrowers had less than perfect credit, resulting in an average score of 620, they were unable to qualify for traditional home financing for a 2nd home. Using one of our #NonQM programs and full income documentation, we were able to extend financing and get the deal done! Equal Housing Lender

I recently helped a young married couple who are both new physicians close on their new home here in Colorado. They had gone under contract on 2 other homes prior to this one but had to terminate the contracts due to issues they found with the properties, but finally found one they loved, and made it to closing!! They were originally working with a loan officer with another company that also does loans for physicians.... Our rates, down payment requirements and other terms were pretty much the same.... They said the other lender wouldn’t answer their phone calls and would take a couple of days to respond and they got sick of it. 😥 They went with me not because I got them some crazy low rate, but because the other lender made them feel like just a number. In this market, how can a loan officer be slow to respond to a client who needs something from them? When builders and Realtors tell me what frustrations they have with lenders, lack of communication is something I hear a lot – again, how do you not have time to respond to someone? I’m so glad I was able to work with these clients. I know we can’t control the market or the terms of the loans we have available, but my only “product” is my service and communication with my clients and that’s what matters most to me. Member FDIC, equal housing lender #homeownership #realestate #investing #dreamhome

Get it back on track with our Buydown program! It lowers your rate for two years of your mortgage, potentially saving you $1000s. PLUS, you can refi when rates drop. If dropping your rate 2 points would help you get a home, let’s talk today.

The most important feature of Prop 13 is that it limits annual increases in the assessed value of real estate to 2% or the rate of inflation, whichever is lower.   This ensures that the tax burden for California homeowners remains mostly stable over time, providing predictability in the cost of homeownership. Prop 13 in the envy of homeowners in other states and has been foundational to the strength and resilience of California real estate.   According to the Howard Jarvis Taxpayers Association, Prop 13 has saved Californians more than $500 billion dollars.   #equalhousingopportunity #protectprop13 #realestate #mortgagepro #california #affordability #ranchocapitalhomeloans   Jeff Anderson Mortgage Advisor / CEO Rancho Capital Home Loans Mobile: 909-322-0439 NMLS #327749 DRE Broker #01852593

Thinking about taking out a loan? Let me guide you through the dos and don'ts of borrowing responsibly! At Southeast Mortgage of Georgia, Inc., we're not just here to lend, but to empower you with the knowledge you need for financial success. #loanofficers #smartborrowing #financialliteracymatters

While #homeownership can bolster financial health, not every homeowner is flourishing. Higher debt burdens impair the wealth-building trajectory of young Black and Latinx homeowners and may make homeownership less sustainable. According to the 2022 Financial Health Pulse® #Chicago Survey, the percentage of younger Black mortgage holders who are burdened by unmanageable debt is threefold that of their white peers—and younger Latinx homeowners are more than twice as likely to have unmanageable debt. The Chicago Community Trust is committed to supporting mortgage financing solutions that help both create and sustain Black and Latinx homeownership for the long term. More from the Trust's Shandra Richardson: https://lnkd.in/gCQ3GBUj

If you’re an aspiring homeowner living in the U.S. with an individual taxpayer identification number (ITIN), our new program can help make your homeownership dream a reality. You can qualify for a home loan using your ITIN – no Social Security number required! 🙌🏽 With this program’s flexible features and our team’s one-on-one guidance, you can confidently start the journey to owning a home. 💳 You don’t need model credit – or any credit – to apply. 🎁 Gift funds can cover 100% of the down payment (restrictions apply). 📃 Eligible buyers may use bank statements to document income. 💰 Borrow up to $1.25 million (restrictions apply). 🏡 Choose from a diverse selection of eligible properties including single-family homes, 2-4 family homes, condos, and manufactured housing. Ready to take the first step? Contact us to get started! #ITIN #ITINLoans #HomeIsPossible #MortgageTips Beau Couch, NMLS 280375. Cornerstone Home Lending, a Division of Cornerstone Capital Bank, SSB. NMLS ID#2258 | MEMBER FDIC | EQUAL HOUSING LENDER