The S&P Case-Shiller Home Price Indices for July showed a sharp slowing in home price growth from June to July. National home price growth slowed from June's reading of 18.7 percent year-over-year growth to 16.10 percent home price growth in July. This reading translated to an 0.20 percent loss in month-to-month home price growth.
The Federal Reserve released its scheduled monetary policy statement and gave a press conference with Fed Chair Jerome Powell. Weekly readings on mortgage rates and jobless claims were also published.
Last week's economic reporting included readings on inflation, retail sales, and consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released.
Last week's economic reporting included readings on home price growth, federal data on public and private sector job growth, the national unemployment rate, and data on consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released.
For the investor who owns an investment property free-and-clear and desires to leverage that property for any reason. Term Length: 13 months
For the investor who owns an investment property and is in need capital for construction. Term Length: 13 months
Single-Close construction to permanent financing. Term Length: 13-19 months Fixed Interest, Balloon Note.
Fix-and-flip loans can fund the purchase and renovation of residential investment properties. They are typically short-term and offer quick closing on non-owner-occupied properties in any condition. Term Length: 13 months
A new construction hard money loan can be used to finance the acquisition and construction of real estate properties. Term Length 6-12 months with Extension Options.
Loans offer a diverse of commercial real estate loans to meet your individual needs and investment objectives. Apartments, Office, Retail, Medical, Warehouses and industrial facilities, Hotels and resorts, and Land development.
Loans allow your clients to buy a home in a qualifying rural or suburban area for 0% down if they meet income guidelines.
Our high-balance loan offers easier qualifications than a jumbo loan, a FICO® Score as low as 620 and a loan-to-value ratio (LTV) of up to 80% on cash-out properties.
Interest Rate Reduction Refinance Loan (IRRRL): Our VA Streamline provides clients who have an existing VA loan the financial flexibility to lower their interest rate or change their term.
VA Streamline: Advantages
This no down payment loan option was created especially for your clients who are qualified veterans, service members and spouses.
This refinance option lets your clients lower their monthly payment on the FHA loan they already have without an appraisal.
Key Benefits of An FHA Streamline
This product is a great option for clients with credit scores of 580 and higher who pay a 3.5% down payment.