SecurityNational Mortgage Company

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

Great job Fort Worth Lending Team!!

redfin.com

Middle-Class Affordability is Declining for Homebuyers in 70% of America's Largest Cities

Where to financially protect yourself is not chase the median price however get help defining what your affordable price is based upon your financial goals. Our clients build mortgages and sales prices to meet their needs, they don't chase the industry average.

https://www.redfin.com/blog/middle-class-affordability-2019/

redfin.com More than two-thirds of the 53 biggest U.S. housing markets saw the share of homes affordable to the middle class decrease between 2014 and 2019

foxbusiness.com

Coronavirus dragging Treasury yields to record low gives homebuyers a break

https://www.foxbusiness.com/markets/treasury-yields-record-lows-mortgages

foxbusiness.com Rock-bottom Treasury yields may drag rates on a 30-year fixed mortgage to the 2 percent range from the current average of 3.5 percent.

cnbc.com

Investors turn to real estate as a safe haven

Smart investing

https://www.cnbc.com/video/2020/03/05/investors-turn-to-real-estate-as-a-safe-haven.html

cnbc.com CNBC's Diana Olick takes a look at how real estate is becoming a safe haven for investors in the U.S.

cnbc.com

Coronavirus fears could push mortgage rates past 4-year low

Coronavirus fears could push mortgage rates past 4-year low https://www.cnbc.com/2020/02/24/coronavirus-fears-could-push-mortgage-rates-past-4-year-low.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard

cnbc.com As coronavirus fears hit financial markets, U.S. bond yields are tanking, pushing mortgage rates that loosely follow the 10-year Treasury yield toward a four-year low. They could sink even lower.

eyeonhousing.org

63 Million Households Are Unable to Afford a $250,000 Home

It’s certainly a brewing concern. Per the National Association of Home Builders, 63 million households cannot afford a $250,000 home based on household income earned. The median-priced home in Texas posted December 2019 was $248,000.

An interesting take from the article is the statement that every $1000 increase to a median-priced new home will price out 158,000 households from affordability. Furthermore, the article states every .25% increase in mortgage rate will price out 1.3 million households.

With continued low inventory (homes for sale), prices will continue to climb as demand (buyers) will be forced to engage in price wars to compete for the limited available supply.

As a future home owner, you always want to purchase when you and your family are financially prepared for home ownership, however, it's important to observe that waiting until later in the year could result in the $248,000 home you love today costing $256,000 by summer.

Call our team today to learn what your personal affordability may be 817-945-2551.

http://eyeonhousing.org/2020/02/63-million-households-are-unable-to-afford-a-250000-home/

eyeonhousing.org In January, NAHB released its new Priced-Out Estimates for 2020. A previous post discussed the often-cited estimate that a $1,000 increase in the price of a median-priced new home will price 158,8…

cnbc.com

December pending home sales fall 4.9% as supply hits a record low

https://www.cnbc.com/2020/01/29/december-pending-home-sales-fall-a-wider-than-expected-4point9percent.html

cnbc.com Pending home sales, which measure signed contracts, not closings, dropped 4.9% in December compared with November, as the supply of homes hit a record low during the month.

SecurityNational Mortgage Company

sites.sf3.tomnx.com

Take a look around!

Are you interested in a property? Would you like to learn more about it's surroundings? Average household income? How many families have children? How many homes around it are rentals? Or what schools look like?

Our "Take A Look Around" page will provide you all the information you need on any home or homes you are interested in.

Take a look today!

https://sites.sf3.tomnx.com/landingpage/?token=DdMM0kCB1

sites.sf3.tomnx.com Type any address to learn more about the neighborhood, from home sales to school zones to demographics to commutes.

[01/07/20]   What a year 2019 was.

We are super proud of the SNMC-Fort Worth Team and what they were able to accomplish in 2019. The team ended the year increasing year-over-year production by 53%, finished 21st in the company in total volume closed, and 14th in the company in units closed.

With this increased production and opportunity, the team still averaged 22 days from application to approval. The industry average is over 40 days so this was a huge accomplishment.

Lastly, our very own Ashley Kennedy has once again earned a spot in the Presidents Club within the SNMC family.

A heartfelt thank you to all of the clients who entrusted our team to create their mortgage financial plan, and, to all of our wonderful business partners who continue to entrust us with their clients.

Here is to a wonderful 2020 together!

cnbc.com

Why this 'rule' about credit card use could be costing you

Understanding the rules of credit scoring helps you win the credit interest game.

Your utilization rate (how much of your available credit you’re using) is almost equal to your payment history when factoring you’re credit score.

https://www.cnbc.com/amp/2019/12/19/why-this-rule-about-credit-card-use-could-be-costing-you.html

cnbc.com If you think your credit scores won't be negatively affected unless your total balance climbs above 30% of your available credit, guess again.

[12/09/19]   Per Black Knight Data & Analytics, the average homeowner now has $119,000 in home equity sitting in their home. This home equity percentage has now become the most dominate investment owned by the average American and continues to grow as equity is now almost triple what it was in 2009.

Home ownership is one fantastic wealth building option. Contact our team today at 817-945-2551 if you'd like more information on how to start your personal wealth building plan in home ownership.

[12/05/19]   Another big jump in mortgage loan limits.

FHA maximum loan amounts for fiscal year 2020 in Tarrant, Johnson, and Parker counties were announced today increasing to $404,800 from 2019’s $395,600.

SecurityNational Mortgage Company

Happy Thanksgiving from your SNMC Fort Worth branch!!!

Happy Thanksgiving!! 🦃

housingwire.com

Fannie Mae, Freddie Mac loan limit increases to more than $510,000 - HousingWire

A 5.3% increase in maximum loan amount for conventional loans to $510,400 (from $484,350) starting January 1st 2020.

https://www.housingwire.com/articles/fannie-mae-freddie-mac-loan-limit-increases-to-more-than-510000/

housingwire.com The Federal Housing Finance Agency announced Tuesday that it is raising the conforming loan limits for Fannie Mae and Freddie Mac to more than $510,000.

CNBC

What goes up must come down

https://www.facebook.com/97212224368/posts/10158175462999369?sfns=mo

Fall homebuyers are getting a bonus. 💰

This team is the best of the best. Fantastic work Ashley, Kesha, Hailey, and Lou!!!

realtor.com

Attention Bargain Hunters: The Best Time of the Year to Buy a Home Is...

Contact your agent because next week is bargain week in housing!!

https://www.realtor.com/news/trends/best-time-of-the-year-to-buy-a-home-is/

realtor.com Buying a home is stressful, expensive, and frustrating. But those who time their purchase just right can save themselves heaps of hassle.

cnbc.com

Here's the impact high mortgage rates are having on the housing market

Fannie Mae chief economist Doug Duncan speaking on increased mortgage rate impact on housing.

Short-term mortgage rates may continue to see upward pressure however the long-term outlook still points toward lower mortgage rates.

https://www.cnbc.com/video/2019/09/16/heres-the-impact-high-mortgage-rates-are-having-on-the-housing-market.html

cnbc.com Doug Duncan, Fannie Mae chief economist, joins "The Exchange" to discuss if the rise in mortgage rates could help the housing market.

cnbc.com

This was the worst week for mortgage rates in 3 years – and it may be just the beginning

Mortgage rates are rapidly on the rise.

https://www.cnbc.com/2019/09/13/mortgage-rates-had-worst-week-in-3-years.html?__source=realestate|news|&par=realestate

cnbc.com Analysts now wonder if this is a short-term correction from recent lows or a new shift toward rising rates.

Our SNMC-Fort Worth team is super excited to welcome Kesha Lee back to the family. Kesha brings 18 years of mortgage experience to the team and her primary role will be helping borrowers gather the documentation necessary to ensure 100% credit approval before executing a purchase contract.

Please join us in welcoming this fantastic lady back to the SNMC family.

cnbc.com

Average FICO score hits all-time high

The national average credit score has jumped to a 706 which represents an all-time high, however here in Texas, we still have one of the nations lowest averages of 659 per CNBC.

Most Americans have no idea you can make subtle tweaks to the utilization rate of your credit cards, which will boost your score, and offer reduced mortgage rate options and less overall interest paid to the bank.

Before starting the home-search, have our team of mortgage professionals work through your credit to ensure all steps are taken to award you the most cost-effective borrowing terms.

https://www.cnbc.com/2019/09/10/average-fico-score-hits-all-time-high.html

cnbc.com Your credit score plays a big role in daily life. It can determine the interest rate a consumer is going to pay for credit cards, car loans and mortgages — or whether they will get a loan at all.

cnbc.com

Fall housing shifts quickly to a buyer's market

“I definitely think it has softened a bit,” said Kelley McMahon a Dallas-area agent with Compass. “It’s not a seller’s market right now. Now is not the time for sellers to put out these crazy prices. Appraisals have gotten a lot harder, and buyers are a little more cautious. They’re more willing to take their time.” (Quote from CNBC article)

https://www.cnbc.com/2019/09/09/fall-housing-shifts-quickly-to-a-buyers-market.html

cnbc.com Mortgage rates are around the lowest in three years, but buyers are suddenly much more cautious about purchasing a home. Competition is cooling, and consequently sellers can no longer command any price.

wsj.com

Fed Officials Signal Quarter-Point Rate Cut Likely at July Meeting

Wall Street Journal says Fed will cut rates .25% at the upcoming July meeting. First signal of a slowing economy?

https://www.wsj.com/articles/fed-officials-signal-quarter-point-rate-cut-likely-at-july-meeting-11563559491

wsj.com Federal Reserve officials signaled they are ready to cut interest rates by a quarter-percentage point at their coming meeting, while indicating the potential for additional reductions because they are worried about a slowdown in global growth, an increase in trade-policy uncertainty and a pullback i...

The June Jobs Report halted the recent reduction to mortgage rates and may have taken a Fed rate cut off the table.

Source CNBC.

youtube.com

James Grant: The Fed will cut in June

Will be interesting if it holds true.

https://youtu.be/mDiSG2AY86c

James Grant, founder and editor of Grant's Interest Rate Observer, joins 'Squawk Box' to discuss what he expects from this week's FOMC meeting and how the ma...

housingwire.com

House committee passes bill to make FHA loans less expensive

Death to FHA’s life-long mortgage insurance payments? Maybe so. House committee introduces bill to resort back to MI payments dropping off when borrower reaches 22% equity.

https://www.housingwire.com/articles/49327-house-committee-passes-bill-to-make-fha-loans-less-expensive

housingwire.com The House Financial Services Committee passed a bill Wednesday that would limit mortgage insurance payments on loans backed by the Federal Housing Administration. The bill would repeal FHA's policy that requires borrowers to pay mortgage insurance for the life of the loan – something housing indus...

[06/03/19]   Are mortgage rates poised for a dramatic drop? Some Fed officials are starting to point toward yes.

Fed's Bullard:

INTEREST RATE CUT MAY BE "WARRANTED SOON" ON TRADE, INFLATION RISKS

TRADE UNCERTAINTY MEANS EXPECTED SLOWDOWN IN U.S. GROWTH MAY BE EVEN SHARPER THAN ANTICIPATED

NOTES GLOBAL TRADE NARRATIVE HAS 'DARKENED'
YIELD CURVE AND INFLATION EXPECTATIONS SENDING SIGNAL THAT CURRENT POLICY IS TOO TIGHT
EXPECTS TRADE UNCERTAINTY TO LAST FOR 'FORESEEABLE FUTURE'

RECENT VISIT TO HONG KONG LEFT HIM MORE PESSIMISTIC THAT A TRADE DEAL WITH CHINA WILL GET DONE SOON

Markets are moving QUICKLY to price in lower Fed rates. Basically, we're looking at a rapid re-pricing of future rate hike expectations. Futures markets suddenly see a decent possibility of the Fed cutting rates in THIS MONTH'S meeting. That means 2yr yields are logically doing much better than 10s, but 10s and MBS are rallying nonetheless.

[05/31/19]   RATE NEWS:

BARCLAYS NOW SEES U.S. FEDERAL RESERVE CUTTING INTEREST RATES BY 75 BASIS POINTS LATER IN 2019. STARTING IN SEPTEMBER.

https://www.facebook.com/532739443418670/posts/3359732030719383?s=1528513270&sfns=mo

We hope that you are on your way out the door to prepare for a long memorable weekend with the family. Be sure to take a moment and honor our in and out of service Americans.

We Thank You.

One of the most experienced teams in the business. #SNMC-FortWorth.

DFW-Housing Report 1st Quarter 2019. In a market where inventory of sellers is up 29%, and buyers are down -2.5%, experience in mortgage and real estate truly matter.

Call our team today to see how these numbers impact your future housing goals 817-945-2551.

Source: Texas A&M Real Estate Center

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5020 Collinwood Ave Ste 100
Fort Worth, TX
76107

Opening Hours

Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
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