IT’S TIME FOR YOU TO BENEFIT FROM HOMEOWNERSHIP Owning a home is the American dream for most of us. But is homeownership really a good investment, or just a status symbol? The answer is it depends, but typically is considered a good investment for most of us. The 2022 housing market is still hot despite […]
Purchasing a home is exciting and adventurous. But it can also be overwhelming – especially for first-time buyers. To avoid making mistakes, it’s important that you should expect and can prepare in advance. Here’s a few key things to keep in mind as you begin our homebuying journey: What your credit score does Your credit […]
Throughout April, we will be sharing some First-Time Homebuyer Tips during our Mortgage Tip Thursday. This week, our blog focuses on some more helpful tips to get you started on your first-time homebuying journey!
On November 30th, 2021, the Federal Housing Finance Agency (FHFA) made its official announcement of the new conforming loan limits for 2022 on loans funded by Fannie Mae and Freddie Mac. This means qualified homebuyers can apply for a conforming loan with a baseline of $647,200 and $970,800 for loans in high-cost areas. Due to […]
In September, Fannie Mae announced it will allow single-family lenders to consider recurring rent payments in the applicant’s bank statement data to deliver a more inclusive credit assessment for customers.
Buying your first house. Sounds scary, huh? It doesn't have to be, especially if you have the right lender on your side. Envoy Mortgage will walk you through the entire process, from the day you apply for a loan to the day you close on your new home.