Snohomish County Mortgage Information & Home Loans

Aug. 22, 2023

Is it Getting More Difficult to Qualify for a Home Loan?

Is getting pre-qualified for a home loan harder today?Are you currently being pre-qualified for a home loan or currently in the lending process? Or, are you under contract on a house and in final underwriting? If so, you may be experiencing challenges and having to provide extensive documentation and explanations to obtain a pre-qualification or satisfy the underwriter ...

View More
Sept. 2, 2022

Practical Tips to Become a Saver in Uncertain Times

Our preferred lender, Joy Blodgett with Caliber Home Loans, has published a video titled Practical Tips to Become a Saver in Uncertain Times gives you ideas that can be implemented immediately to help you save money and improve personal finances if you're planning to purchase a home. Click below ...

View More
June 6, 2022

10 Simple Ways to Improve Your Credit Score

Credit score is an integral part of qualifying for a home loan and typically the most critical. So, here are 10 simple ways to improve your credit over the next 6 months.

But before getting into the the 10 ways, let's look at factors that impact a credit score ...

View More
June 1, 2022

The Do's & Don'ts for a Smooth Loan Approval

Are you researching the home loan process? If so, here is an easy to follow flowchart on the Do's & Don't of a Smooth Home Loan based on our experience and recommendations from our preferred lender.

The Do's & Don't of a Smooth Loan Approval

To build on yesterday's post Buying a Home Zero Down Doesn ...

View More
Feb. 1, 2021

Earthquakes Straps are Required for Financed Home Purchases

Selling a home has a lot of variables: home inspections, financing, title liens and more. Some of these variable can cause delays in the sale of the home and cost thousands of dollars. However, other variables and cost a few dollars yet still cause time delays that are unnecessary and ...

View More
Jan. 30, 2019

Start 2019 by Improving Personal Finances

Start 2019 by Improving Your Personal Finances

With the new year comes the Holiday Financial Hangover. Bank accounts are depleted, credit cards have increased balances and everyone is feeling the pinch. That is why this newsletter will focus on financial tools to manage expenses and budget, ways to improve your credit score, how to save or put ...

View More
Jan. 14, 2019

Top Misconceptions about Qualifying for a Home Loan

Top Misconceptions about Qualifying for a Home Loan

There are many misconceptions buyers, particularly first-time buyers, have when they're looking into mortgages. The process of applying for a mortgage can feel daunting, but don't allow concerns of tighter lending requirements keeps you from pursuing homeownership. Remember, if you have any questions regarding your situation, please give ...

View More
Sept. 25, 2015

Q & A: Can I Have More than 1 VA Loan?

Being in the military, moving can be normal; however, it never becomes easier. Learning the local school districts, selecting and enrolling kids, getting familiar with various housing communities or nearby cities/towns, determining the best commuting path, and knowing where to buy groceries and convenience goods all make the process ...

View More
Sept. 22, 2014

Fannie Mae is Ending HomePath Financing

HomePath financing has been a useful financial vehicle for Fannie Mae products: rep homes, rehab properties, no-appraisal required purchases, and even multiple property owner refinancing.

That is all about to change. According to HomePath.com's website:

"Effective October 7, 2014, Fannie Mae is retiring the HomePath Mortgage (HPM) and ...

View More
Jan. 22, 2014

Snohomish County USDA Eligible Areas Remain Unchanged

On January 17, 2014 President Obama signed the Consolidated Appropriations Act of 2014 and effectively postponing any changes to Snohomish County's USDA eligible areas. On page 1544 of the Consolidated Appropriations Act, 2014 the .pdf reads:

1 (12 U.S.C. 1715z–20(g)), the Secretary of Housing and 2 Urban Development may, until September 30, 2014, in3 sure and enter into commitments to insure mortgages 4 under such section 255.

YouTube Video of the Consolidated Appropriations Act of 2014

 

USDA home financing ...

View More