Mortgage Professional America’s Post

The latest interest rate cuts are good news for potential homebuyers, but they alone won't solve the deeper challenges facing today's housing market. Even with lower borrowing costs, home prices remain high due to a shortage of homes for sale, costly building materials, and zoning restrictions. In fact, we need around 7 million new homes to meet demand! Plus, with rising insurance premiums and other expenses, housing affordability remains a major hurdle for many Americans. At Treasure Coast Home Loans, we're here to help you navigate these obstacles and find the best solutions for your home financing needs. Let's talk about how to maximize your buying power in this tough market! Spencer David Mitchell NMLS#2583690 Powered by Innovative Mortgage Services NMLS#250769 Equal Housing Lender #HomeLoans #RealEstate #InterestRates #HousingCrisis #TreasureCoast Read More:https://lnkd.in/eFQprezG

Home affordability is a key concern for potential homebuyers! The One+ loan program enables clients to incur minimal upfront expenses. Is this really a 1% down option? • Yes, but you get the benefit of going into your loan with 3% equity. In addition to the 1% you bring to the closing table and the 2% grant. What is the 2% grant terms? • Borrowers will receive a down payment assistance grant of 2% of the purchase price. The grant does not require repayment and has no prepayment penalty. What are the income requirements? • Qualifying income that is less than or equal to 80% of the area median income. Program Highlights: • Minimum 1% down payment • 2% Grant Available* • Primary Residence only • Reduced Mortgage Insurance • Maximum Loan Amount $350,000 • Qualifying Credit Score of 620 Karen Throckmorton kthrockmorton@ihmcloans.com (910) 471-4220 Integrity Home Mortgage Corporation is acting as a mortgage loan broker and the loan will be provided through a third-party lender. #IHMC #IntegrityHomeMortgage

Home affordability is a key concern for potential homebuyers! The One+ loan program enables clients to incur minimal upfront expenses. Is this really a 1% down option? • Yes, but you get the benefit of going into your loan with 3% equity. In addition to the 1% you bring to the closing table and the 2% grant. What is the 2% grant terms? • Borrowers will receive a down payment assistance grant of 2% of the purchase price. The grant does not require repayment and has no prepayment penalty. What are the income requirements? • Qualifying income that is less than or equal to 80% of the area median income. Program Highlights: • Minimum 1% down payment • 2% Grant Available* • Primary Residence only • Reduced Mortgage Insurance • Maximum Loan Amount $350,000 • Qualifying Credit Score of 620 Dave Spencer dspencer@ihmcloans.com (540) 229-0940 Integrity Home Mortgage Corporation is acting as a mortgage loan broker and the loan will be provided through a third-party lender. #IHMC #IntegrityHomeMortgage

Good news for all brokers working with first-time buyers and more in the housing market 🎉 This week we added High LTV 2-year fixed products and support so borrowers can add fees to the loan as we enhanced our package to support first-time buyers and other homeowners who may struggle to get a mortgage from high street lenders. This helps round out an offer that includes: - Stretched LTIs up to 6.49x, which backs them to borrow enough for their first home - Up to 100% of mixed income included in affordability calculations - Complex credit histories - Gifted deposits  - Concessionary purchases - Lending for 1-year self employed https://lnkd.in/eC9BDg-T

Home affordability is a key concern for potential homebuyers! The One+ loan program enables clients to incur minimal upfront expenses. Is this really a 1% down option? • Yes, but you get the benefit of going into your loan with 3% equity. In addition to the 1% you bring to the closing table and the 2% grant. What is the 2% grant terms? • Borrowers will receive a down payment assistance grant of 2% of the purchase price. The grant does not require repayment and has no prepayment penalty. What are the income requirements? • Qualifying income that is less than or equal to 80% of the area median income. Program Highlights: • Minimum 1% down payment • 2% Grant Available* • Primary Residence only • Reduced Mortgage Insurance • Maximum Loan Amount $350,000 • Qualifying Credit Score of 620 Lori A. Allerton lallerton@ihmcloans.com (704) 754-1599 Integrity Home Mortgage Corporation is acting as a mortgage loan broker and the loan will be provided through a third-party lender. #IHMC #IntegrityHomeMortgage

Home affordability is a key concern for potential homebuyers! The One+ loan program enables clients to incur minimal upfront expenses. Is this really a 1% down option? • Yes, but you get the benefit of going into your loan with 3% equity. In addition to the 1% you bring to the closing table and the 2% grant. What is the 2% grant terms? • Borrowers will receive a down payment assistance grant of 2% of the purchase price. The grant does not require repayment and has no prepayment penalty. What are the income requirements? • Qualifying income that is less than or equal to 80% of the area median income. Program Highlights: • Minimum 1% down payment • 2% Grant Available* • Primary Residence only • Reduced Mortgage Insurance • Maximum Loan Amount $350,000 • Qualifying Credit Score of 620 Julie Yoder jyoder@ihmcloans.com (540) 435-6336 Integrity Home Mortgage Corporation is acting as a mortgage loan broker and the loan will be provided through a third-party lender. #IHMC #IntegrityHomeMortgage

Home affordability is a key concern for potential homebuyers! The One+ loan program enables clients to incur minimal upfront expenses. Is this really a 1% down option? • Yes, but you get the benefit of going into your loan with 3% equity. In addition to the 1% you bring to the closing table and the 2% grant. What is the 2% grant terms? • Borrowers will receive a down payment assistance grant of 2% of the purchase price. The grant does not require repayment and has no prepayment penalty. What are the income requirements? • Qualifying income that is less than or equal to 80% of the area median income. Program Highlights: • Minimum 1% down payment • 2% Grant Available* • Primary Residence only • Reduced Mortgage Insurance • Maximum Loan Amount $350,000 • Qualifying Credit Score of 620 Pete Chilberg pchilberg@ihmcloans.com (910) 431-6497 Integrity Home Mortgage Corporation is acting as a mortgage loan broker and the loan will be provided through a third-party lender. #IHMC #IntegrityHomeMortgage

Home affordability is a key concern for potential homebuyers! The One+ loan program enables clients to incur minimal upfront expenses. Is this really a 1% down option? • Yes, but you get the benefit of going into your loan with 3% equity. In addition to the 1% you bring to the closing table and the 2% grant. What is the 2% grant terms? • Borrowers will receive a down payment assistance grant of 2% of the purchase price. The grant does not require repayment and has no prepayment penalty. What are the income requirements? • Qualifying income that is less than or equal to 80% of the area median income. Program Highlights: • Minimum 1% down payment • 2% Grant Available* • Primary Residence only • Reduced Mortgage Insurance • Maximum Loan Amount $350,000 • Qualifying Credit Score of 620 Pete Chilberg pchilberg@ihmcloans.com (910) 431-6497 Integrity Home Mortgage Corporation is acting as a mortgage loan broker and the loan will be provided through a third-party lender. #IHMC #IntegrityHomeMortgage

Home affordability is a key concern for potential homebuyers! The One+ loan program enables clients to incur minimal upfront expenses. Is this really a 1% down option? • Yes, but you get the benefit of going into your loan with 3% equity. In addition to the 1% you bring to the closing table and the 2% grant. What is the 2% grant terms? • Borrowers will receive a down payment assistance grant of 2% of the purchase price. The grant does not require repayment and has no prepayment penalty. What are the income requirements? • Qualifying income that is less than or equal to 80% of the area median income. Program Highlights: • Minimum 1% down payment • 2% Grant Available* • Primary Residence only • Reduced Mortgage Insurance • Maximum Loan Amount $350,000 • Qualifying Credit Score of 620 Bonnie Barnes bbarnes@ihmcloans.com (252) 289-5535 Integrity Home Mortgage Corporation is acting as a mortgage loan broker and the loan will be provided through a third-party lender. #IHMC #IntegrityHomeMortgage