Our team offers FHA, VA, USDA and Conventional financing as well as delegated Jumbo financing and commercial lender. Our files are processed, underwritten, closed, and funded within our branch walls.
Experience- knowledge or practical wisdom gained from what one has observed, encountered, or undergone. Our team of mortgage professionals understands the value in the mortgage experience and what clients go through during the lending process. We are committed to providing a service our clients will remember positively for years to come. SNMC CO NMLS #3116 Branch NMLS# 978971
Congratulations to our very own Ashley Kennedy and Team. Ranked #8 in the company for April production!
Are you or your client in need of Avenging?
This SNMC-Fort Worth team has helped close (Avenge) 54 buyers in the past three years who were denied financing by the very lender who offered them a pre-approval letter.
Whether battling Thanos or battling to qualify for your home.....an experienced team matters.
Call our team today at 817-945-2551.
This is a big statement:
That could includes changes to the “qualified mortgage patch,” which allows for loans to homebuyers with higher debt-to-income thresholds.
therealdeal.com President Trump has not been shy about his desire to end the federal conservatorship of Fannie Mae and Freddie Mac. Now, he appears to have someone at the helm of the Federal Housing Finance Agency ready to put the plan in action. Newly installed FHFA chief Mark Calabria said he is working to re-
housingwire.com The Department of Housing and Urban Development announced this week that it is issuing new rules for down payment assistance on mortgages insured by the Federal Housing Administration. Click the headline for a full breakdown of which rules are changing and why.
March 2019 NTREIS home sales numbers. March observed a 1% increase in year-over-year home sales and a 2% increase in median price. March displayed the smallest year-over-year price increase in years as supply of available homes continues to increase and sales continues to level-off. Supply continues to increase double-digits growing 20% from 2017.
We have observed the increase in homes on the market has eased the financial burden on buyers and increased buyer opportunities.
A bit of exaggeration here. It’s not that they won’t qualify. Some borrowers with low credit scores will be forced to pull-back their sales price goals to a more manageable debt-to-income ratio.
If you have questions go how FHA’s new underwriting policy may impact borrowers or agents, give us a call today.
housingwire.com Two weeks ago, the FHA took steps to limit risk to its single-family portfolio, announcing that it will flag some loans for manual underwriting. FHA's Chief Risk Officer Keith Becker told the WSJ just how many loans the agency thinks will be affected, adding that the FHA felt that it was appropriate...
Homes that list the first week of April see 14% more online viewing activity and sell 6 days faster than any other time of the year.
Timing is everything. Time to list?
cnbc.com Homes listed in the first week of April get 14 percent more online views and are likely to sell six days faster than during the rest of the year.
Today was another day of decreased mortgage rates.
cnbc.com The average rate on the 30-year fixed mortgage is falling again today, as investors rush into the bond market. Mortgage rates loosely follow the yield on the 10-year Treasury. Lower rates area already igniting home buying.
Teamwork makes the dream work! Fantastic job team!
SecurityNational Mortgage would like to welcome back Rachel Brosig to the SNMC family! Rachel is a tremendous talent and we are honored she is back home.
Our company is continuously growing at its highest levels and we believe Rachel’s skills, talent, and knowledge will brighten our organization. Today is time for great celebration. You are a blessing to our team Rachel. Welcome back!
Doctor/Physician in need of a mortgage program that defers student loans for 12 months? Your SecurityNational-Fort Worth Branch has the cure!
Call us at 817-945-2551 for program details.
February home sales made a big time comeback with year-over-year sales up 10%. Inventory is still growing up 6% which gives buyers more homes to choose from.
The biggest increase in home sales was located in home prices between $200,000 and $250,000. Lot's of competition in that space so call our team today to discuss our $1000 seller guarantee to help boost your offer above the competition.
cnbc.com Real estate is "an escalator to wealth," David Bach tells CNBC.
If you purchased a home in 2011, or have owned your home since that year, your investment has grown 77% over the past seven years. Real estate is still one of the worlds most dominate investments.
This is also a good look at new construction expense versus purchasing an existing home.
*Source Texas A&M Real Estate Center
January 2019 Single Family Home Sales. Much different picture as 13 cities experienced a drop in median price from January 2018. Sales of single family homes were down -15% in all of North Texas.
Take a look at what the numbers say in your part of North Texas.
Continued financial opportunities for buyers who were priced out of the market over the past five years. Less buyers, more sellers, equals great opportunities to negotiate a deal on your new home.
Big News continues to brew for home buyers in 2019. Dallas News posted the January housing numbers and sales were down -10% from January 2018 and the number of properties listed for sale was up 28%.
The breakdown- More available homes for sale, plus less buyers in the market (sales) means we're seeing less competing offers, less deals where buyers have to pay over the appraised value, sellers are paying closing costs, and homes are appraising for more than the negotiated sales contract.
Call our team today to create your personal mortgage strategy and let us help you determine what new home buying opportunities are available. 817-945-2551
dallasnews.com The North Texas housing market started 2019 in the dumps.Home sales were down 10 percent from January 2018, and sales prices fell in almost a dozen...
A look at 2018 4Q real estate price/volume numbers. The sales number catches your eye the most.
*source Texas A&M Real Estate Center News Watch
The Federal Reserve voted to leave benchmark rates unchanged (as expected) however did add some nice insight regarding 2019. The Fed dropped the statement that "some gradual increases in the Fed Funds Rate would be appropriate" and also stated they "Would be patient on future rate hikes."
So, it appears the Fed in on a stall watching economic conditions to warrant any rate hikes in 2019.
With that said, the market still predicts a 78% chance of two rate hikes in the latter part of 2019....after the summer housing rush.
December 2018 North Texas single-family housing numbers. Sales in December were down -12.2% from December 2017 and median home prices grew +3.2%. North Texas listings grew 22% in 2018 which the numbers above indicate less buyers, more sellers, and a continued return toward a balanced housing market.
Working with buyers daily, we are seeing more circumstances were buyers are winning the contract negotiations. Sellers are paying closing costs, agents are negotiating contract prices with instant equity where the home appraises for more than the contract sales price, and mortgage rates are still below historic average.
If you are a buyer, your time to win is 2019. Call our team at 817-945-2551 to take the first-step toward homeownership in 2019!
December home sales find themselves in the negative down 9% which contributed to fourth quarter home sales falling over 30%. What is happening? The number one statistical reason is affordability.
How do you purchase a home, all while protecting your budget, when home prices and mortgage rates are increasing? Give our team a call today at 817-945-2551.
dallasnews.com North Texas closed out the year with another decline in home sales.Local real estate agents sold 9 percent fewer homes in December than they did a...
The 2018 numbers are finished and we have a special announcement.
We are super proud of our very own Ashley Kennedy for once again finishing in the Top 20 in total production nationwide for SecurityNational Mortgage. Thank you to our friends, business partners, and clients for your continued trust in Ashley and our team. Also, a special thank you to TEAM SNMC for your continued effort and support.
Please join us in congratulating Ashley on this wonderful accomplishment
Buyers should be prepping to win in 2019. The push in values over the past 5 years was due to more buyers in the market than sellers selling. In November, national homes sales were down -7% from November 2017 and the inventory of homes locally are up double-digits in most areas.
Equal sellers plus equal buyers leads to an equal price.
cnbc.com CNBC's Diana Olick reports on new numbers on existing home sales and first time homebuyers.
Federal Reserve increased the Fed Funds Target rate .25% with a new target range of 2.25%-2.50%. Here are a couple of important points.
* Forecast is for two rate hikes in 2019
* Rates will see gradual growth with sustained economic activity
* Says inflation is near target
* Median view Fed Funds Rate 2.875% by end of 2019. This goes along with the two-hike expectations.
* Fed sees slightly lower economic growth in 2019
In all, in appears any future increases to rates will have to come with continued economic growth. If the economy slows, we'll likely see limited or no hikes. If the economy shows inflation pressure, the Fed is telling us they intend to increase rates accordingly.
This was expected news and we should continue to see small increases to rates throughout 2019.
FHA maximum loan limits for 2019 increased locally to $395,600.
That represents an $11,000 increase from 2018. More FHA opportunity for borrowers.
One of the most important factors when considering buying new construction is what time frame do you see yourself in your new construction home. Why?
The number of buyers applying for new construction is down -11% and the number of new homes sold is down -5% from last year. These numbers indicate builders are starting to have an issue turning their product.
In a world where supply and demand dictate price, the only tool the builder has to increase demand is to....drop the price. If they do, the same builder you purchased from may be selling your same model months down the road for $10,000 less.
Call us today at 817-945-2551 to see if your mortgage plan stays ahead of potential future market curves.
cnbc.com Mortgage applications to purchase a newly built home dropped 11 percent in November, annually, according to the Mortgage Bankers Association. MBA economists predict that sales of newly built homes in November fell 5 percent annually.
North Texas single family home sales took a hit in November with demand falling -13.8%. Very positive note is median home values are still on the rise, up 3.5% from last year, even with the reduced demand of buyers in the market. Year-over-year gains to median price are starting to cool off in most areas.
Family budget is becoming more important as each month passes and home values continue to increase. Prices at all-time highs require more than a mortgage. They require a mortgage plan. Call us today at 817-945-2551 to have your personal mortgage budget talk.
**Source Texas A&M Real Estate Center
Just today, CoreLogic discussed an increase in high debt-to-income loans that could cause trouble for the very homebuyers lenders are representing. When considering the rent vs purchase option, it's best to have a financial consultation discussing your budget and creating a mortgage plan to match your personal affordability.
You can never buy too much if the loan is built to your personal finances.
We can help! Call 817-945-2551 today. Please enjoy this great video comparison from CNBC.
Blaming the media for slow sales is mildly humorous.
cnbc.com CEO Douglas Yearley says reports about the souring house market are causing the slowdown.
Some positive news for homebuyers. Federal Reserve Chairman Jerome Powell says that he considers rates to be near neutral. Meaning economy neither growing or slowing.
Maybe this position has tabled the potential three rate increases projected for 2019? We shall see
cnbc.com Federal Reserve Chairman Jerome Powell said Wednesday he considers the central bank's benchmark interest rate to be near a neutral level, an important distinction from remarks he made less than two months ago.
The Federal Housing Finance Agency has increased the 2019 conventional maximum loan limit to $484,350 up from the current $453,100.
More opportunity for confirming home buyers next year.
September single-family home sales report. Values are still holding strong up 4.7% from September 2017 however demand took a hit with year-over-year sales down just under 13% in our combined area.
Look below to see how your town is performing.
Source- Texas A&M Real Estate Center
Will mortgage rate increases impact home values? CNBC seems to think so. Read their market thoughts below.
cnbc.com Mortgage rates moved to the highest level in 8 years, and confidence in housing is now slipping. This as millennials are smack in the middle of their prime home buying years. Rates are expected to move even higher going into next year.
National average 30 year fixed mortgage rates go north of 5% for the first-time since 2011 and the market is showing no signs of relief in the near future. Strong economic conditions, the Fed’s tapering of mortgage bonds, and Fed rate hikes are all contributing to the party.
In rising rate environments, mortgage planning becomes vital to the home buying process. A look at overall debt-management can help define areas in your budget to reduce the pressure of increased mortgage rates and home prices.
SNMC-Fort Worth is one of the best mortgage planners in the industry and would be honored to walk you through a plan to define the most cost-effective way to borrow. Call our team today at 817-945-2551.
Great advice regarding credit cards and debt management. The interest applied seems small but can add as much as 25% to the purchase. Per Mark, “The interest I saved by not having the debt was greater than any return I could get by investing”
goalcast.com We’re all guilty: We want to go out to dinner, buy those boots, or book that trip. We have no cash, so we throw it on a credit card. That’s what it’s there for, right? Well, yes, but you are doing yourself no favors in the long term says self-made billionaire Mark Cuban. “Cut up …
Jim Bane at LegacyTexas specializes in Texas mortgage banking. Jim Bane NMLS #219214
HELLO EVERYONE! I have officially joined the SecurityNational Mortgage Team in Fort Worth. I am available 24/7 to answer all your mortgage needs!
LoanStar Home Lending is a mortgage bank offering government, conventional, jumbo and alternative qualification home loans in the states we are licensed.
At Texas Bank Mortgage, we treat every customer as an individual, not a number and we don't place you into a loan profile, created by the banking industry. Texas Bank Financial dba Texas Bank Mortgage NMLS 410626
Venture Lending Group is a National Mortgage Lender specializing in all types of residential mortgage loans.
Our team offers a range of loan programs customized to fit your needs - FHA, VA, Jumbo, construction, and remodeling. NMLS ID#173740
NMLS # 530216
We would love to help you finance your home or help you with a refinance or reverse mortgage. NMLS 166487