This was an increase from the data year-over-year in Florida’s housing market. Florida’s housing market saw more new listings and higher statewide sales prices in November compared to the numbers from the previous year, Florida Realtors’ latest housing data revealed. “November brought some welcome news for Florida homebuyers, as mortgage rates started to ease and…

Mortgage Rates Fall. US mortgage rates declined for the fifth consecutive week and reached a level not seen since June, according to data from the Mortgage Bankers Association (MBA). MBA’s data found that the contract rate on a 30-year fixed mortgage dropped to 6.83% in the week ending on December 15. The rate on five-year…

Mortgage Rates change on a daily basis and can vary depending on your unique situation. Simply use the quick form below to receive FREE and accurate rate quotes from a nationwide network of trusted lenders. Check our rates here. https://www.nsmn.com/todays-rates/ Mortgage rates fell below 7% for the first time in four months, bringing some relief…

FUNDS FOR CLOSING

FHA ALLOWS RENTAL ON ADU

We all have those days where we are short funds to close. One of the options we forget to think of is do you have something of value you can borrow from? Today is for conventional loans. You can borrow funds to close that is secured by an asset. Some of the assets you can…

A USDA loan is a mortgage program offered by the United States Department of Agriculture (USDA) to help individuals and families in rural and suburban areas become homeowners. The program is officially known as the USDA Rural Development Guaranteed Housing Loan Program. Here are some key features of USDA loans: Location Eligibility: USDA loans are…

On October 4th Fannie Mae released a bulletin making changes and clarifying rules around SELF-EMPLOYED. They are required to be implemented by Jan 1, 2024, but encourage lenders to implement immediately. Fannie Mae is now following Freddie Mac’s lead on businesses that have been in existence for 5 or more years. Fannie now allows providing…

One of the biggest questions someone asks themselves when thinking about buying a house is do I qualify? Why not take the mystery out of one piece of the concern. FICO is. (Fair Isaac Corporation) is just one of the credit agencies but in truth it is what drives the five major international credit agencies…

What is the Difference Between a Manufactured Home,Modular Home, and a Mobile Home? Mobile Home and Manufactured Home are the same thing. Manufactured home is just the new terminology to refer to the properties. No matter how the property is referred to, the key characteristics of a Manufactured Home are: a central beam running the…