Colton Flowers - Network Funding, LP - Loan Officer

Colton Flowers - Network Funding, LP - Loan Officer

Comments

Colton is a wizard when it comes to digging in and finding the right mix for your mortgage. My wife and I had a bit of a complex mortgage need - at least it seemed complex until we started working w Colton - and Colton worked his butt off crunching numbers and going over a plethora of scenarios that enabled us to buy our new home without our offer being contingent on us selling our previous home; an important option in Pearland’s hot market. I would absolutely recommend Colton - he’ll work extremely hard and find the right options that best fit your circumstances.
Colton is very easy to work with and is very helpful!
Colton was very easy to work with! Although his wife was about to give birth to twin babies, we couldn’t notice. He was always attentive and helped make this process easy. As first time homebuyers we had tons of questions, but Colton was always willing to help. We would definitely do this process again & highly recommend him.
I want to wholeheartedly and without any reservation recommend Colton Flowers for your mortgage broker/funding needs. From the first telephone call to the closing table,I was confident that I was in good hands. Honesty and integrity wrapped up in efficiency and experience. Can there be a better combination than that? We had absolutely smooth sailing during our mortgage process because Mr Flowers was advocating for us every step of the way. I had no surprises and sound advice throughout the process. I was over the top impressed with his Professionalism as well as the ease of our frequent communication. I was able to be my silly self and still "git er done.". I am so grateful to know that a person like Colton Flowers exists. I appreciate all of his hard work to finalize my mortgage in a timely manner and helping to make my dream come true. I now consider him a friend.

Helping people find the right loans for their homes. Like/follow for daily updates on rates, market changes, new programs and good advice! NMLS ID: 1506334
Company NMLS ID: 2297
Equal Housing Opportunity Lender

Licensed to do business in Texas.

Operating as usual

02/04/2021

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Looking to buy but don't have the traditional 20% down payment? Depending on your situation, you may be able to get a mortgage with a lower down payment!* Contact us to learn more about your options and get a free evaluation of your qualifications!
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*This is not a promise to make a loan. Borrowers must qualify. Contact your lender for information on low down payment options. Equal Housing Opportunity Lender. NMLS# 2297.

02/03/2021

Another 5-Star Review! Thanks to all our amazing customers. If you're looking for a lender for a purchase or refi, call us. One of our core values is family, and we treat all our borrowers like they are a part of ours!*⠀
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#getSmart #learnAboutLoans #mortgageLending #homeLoans #loanOfficer #mortgages #MortgageBroker #MortgageLoans #mortgagelender #mortgagebanker #mortgagerates #mortgagepro #realtorcommunity #realtorsrock #realtor #Realtorlife #homedecor #homemade #homesweethome #homedesign #home #gethome #fivestarlender⠀
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* Actual borrower review is public on our corporate Facebook profile. Some edits may be made to review posts for clarity or to correct errors.

01/25/2021

Paperclip_FunFact

Canadian blogger Kyle McDonald started with a paper clip and made fourteen trades over the course of one year — first a paper for a pen and then a doorknob and, eventually, a whole house in Saskatchewan. McDonald’s keen bargaining abilities earned him fame around the world.

#mortgage #MortgageBroker #mortgages #mortgagebrokers #MortgageLoans #mortgagelife #mortgagelender #mortgagebanker #mortgagerates #mortgagepro #MortgageAgent #MortgageFacts #mortgagelenders #mortgagebroking #mortgageexpert #mortgageloan #mortgageloanoriginator #livemortgagefree #mortgagespecialist #mortgagetips #mortgageblog #mortgageadvisor #mortgagecompany #homeLoans #MortgageLending #MortgageFacts #mortgageconsultant #mortgagepayments #mortgageprofessional #mortgageadvice

01/18/2021

Timeline Photos

01/08/2021

Weekly Market Update: Georgia Election and Strong Data
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The Democratic sweep in the Georgia Senate runoff election was viewed as unfavorable for mortgage rates. While Friday's labor market report was mixed, this week's other major economic data was very strong, which also was negative for rates.

As a result, rates rose a little, but remain near record low levels and are roughly a full point lower than a year ago.

The Democrats won both Senate seats in Tuesday's runoff election in Georgia, giving them control of both the Senate and the House. Investors expect that this will lead to increased government spending and that additional bonds will need to be issued to fund the spending, which will push bond yields higher.

Friday's key Employment report from the Bureau of Labor Statistics contained mixed results. In December, the economy lost 140,000 jobs, below the consensus forecast for an increase of 75,000, and the first monthly decline since the unprecedented job losses in March and April caused by the partial shutdown of the economy. By far the hardest hit sector was hospitality, which was hurt by the spread of the coronavirus.

The other major areas of the report contained more optimistic news. Expected to rise to 6.8%, the unemployment rate stayed flat at 6.7%. Average hourly earnings, an indicator of wage growth, rose 0.8% from November, far above the consensus for an increase of just 0.2%, and were an impressive 5.1% higher than a year ago.

A couple of other significant economic reports released this week from the Institute of Supply Management (ISM) displayed unexpected strength. The ISM national manufacturing index jumped to 60.7 in December, well above the consensus forecast of 56.5, and the highest level since August 2018. Since many consumers are spending less money on travel and leisure activities due to the pandemic, they are buying more goods, which has boosted the manufacturing sector. Similarly, the ISM national services index rose to 57.2, well above the consensus forecast of 54.5, and near the levels seen early in the year prior to the pandemic. Readings above 50 indicate that the sector is expanding.

Looking ahead, investors will continue watching Covid case counts and vaccine distribution. The Consumer Price Index (CPI) will come out on Wednesday. CPI is a widely followed monthly inflation report that looks at the price change for goods and services. Retail Sales will be released on Friday. Since consumer spending accounts for over two-thirds of all economic activity in the US, the retail sales data is a key indicator of growth.

01/01/2021

Here's to 2021!

12/31/2020

HOUSING MOMENTUM CONTINUES

The last couple of weeks of December typically exhibit very light trading volume and limited investor reaction to economic news. This year was no exception, and mortgage rates remained near record low levels.

While rising case counts of the coronavirus have slowed economic activity in some areas of the economy such as consumer spending near the end of the year, one sector which has remained red hot is housing. In November, existing home sales were 26% higher than a year ago, near the best levels since 2006. The median existing-home price was 15% higher than a year ago, also close to record levels.

Inventory levels were down 22% from a year ago and remained the primary obstacle to even stronger sales activity. The number of homes for sale was at just a 2.3-month supply nationally, a record low and well below the 6.0-month supply which is considered a healthy balance between buyers and sellers.

The reduced economic activity resulting from the pandemic has caused a decline in inflation, which has been one of the factors responsible for record low mortgage rates. In November, the core PCE price index was just 1.4% higher than a year ago, the same annual rate of increase as last month. Core PCE is the inflation indicator favored by Fed officials, and their stated goal is to reach a level of 2.0%.

Last week, Congress passed a $900 billion Covid relief bill which will provide additional assistance to households, small businesses, and healthcare providers. The bill includes an extension of supplemental unemployment benefits of $300 per month and direct payments of $600 to qualifying individuals. Lawmakers continue to discuss whether to increase the amount of these payments.

Looking ahead, investors will continue watching Covid case counts and vaccine distribution, and the Georgia Senate election will take place on January 5. The ISM national manufacturing index will be released on January 5 and the ISM national services index on January 7. The monthly Employment report will be released on January 8, and these figures on the number of jobs, the unemployment rate, and wage inflation will be the most highly anticipated economic data of the month. Mortgage markets will close early on Thursday and will be closed on Friday for the New Year's holiday.

Weekly Change:

10yr Treasury rose 0.01
DOW rose 300
NASDAQ rose 100

12/24/2020

We wish you all a happy and healthy holiday break this year!

12/23/2020

Another 5-Star Review! Thanks to all our amazing customers. If you're looking for a lender for a purchase or refi, call us. One of our core values is family, and we treat all our borrowers like they are a part of ours!*⠀
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#getSmart #learnAboutLoans #mortgageLending #homeLoans #loanOfficer #mortgages #MortgageBroker #MortgageLoans #mortgagelender #mortgagebanker #mortgagerates #mortgagepro #realtorcommunity #realtorsrock #realtor #Realtorlife #homedecor #homemade #homesweethome #homedesign #home #gethome #fivestarlender⠀
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* Actual borrower review is public on our corporate Facebook profile. Some edits may be made to review posts for clarity or to correct errors.

12/22/2020

MortgageTerms_BRIDGELOAN

Have you heard of a bridge loan? It may be the answer to help you buy the home you want before you sell the home you have!*
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#mortgage #MortgageBroker #mortgages #mortgagebrokers #MortgageLoans #mortgagelife #mortgagelender #mortgagebanker #mortgagerates #mortgagepro #MortgageAgent #MortgageFacts #mortgagelenders #mortgagebroking #mortgageexpert #mortgageloan #mortgageloanoriginator #livemortgagefree #mortgagespecialist #mortgagetips #mortgageblog #mortgageadvisor #mortgagecompany #homeLoans #MortgageLending #MortgageFacts #mortgageconsultant #mortgagepayments #mortgageprofessional #mortgageadvice
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* This is not a promise to make a loan. Consult a loan professional for more details about bridge loan products. Not all borrowers will qualify. This post is intended for entertainment purposes only.

12/21/2020

FannieFredie_FunFact

Wow. That's a lot of mortgages...

#mortgage #MortgageBroker #mortgages #mortgagebrokers #MortgageLoans #mortgagelife #mortgagelender #mortgagebanker #mortgagerates #mortgagepro #MortgageAgent #MortgageFacts #mortgagelenders #mortgagebroking #mortgageexpert #mortgageloan #mortgageloanoriginator #livemortgagefree #mortgagespecialist #mortgagetips #mortgageblog #mortgageadvisor #mortgagecompany #homeLoans #MortgageLending #MortgageFacts #mortgageconsultant #mortgagepayments #mortgageprofessional #mortgageadvice

12/19/2020

Weekly Market Update: Retail Sales Fall Short

There was no shortage of economic news this week including a disappointing report on consumer spending, encouraging housing data, progress on a government stimulus deal, and a Fed meeting. These events had surprisingly little impact on mortgage markets, however.

Pricing is a smidge better once again this week, as rates remain at all-time lows!

Following sharp declines in March and April due to the pandemic, consumer spending posted five impressive months of gains to reach record high levels. However, rising coronavirus case counts have halted its momentum during the crucial holiday shopping period. In November, retail sales fell 1.1% from October, which was far weaker than expected, and the October results were revised lower.

One of the few obstacles to the amazing performance of the housing sector in recent months has been a lack of inventory in many regions. The number of homes for sale is at just a 2.5-month supply nationally, well below the 6.0-month supply which is considered a healthy balance between buyers and sellers. However, the latest report on housing starts contained encouraging news in this area. In November, single-family housing starts were 22% higher than a year ago and at the best level since 2007.

Overall, Wednesday's Fed meeting caused little change in the investor outlook for future policy, and the reaction in financial markets was minor. The statement released after the meeting was very similar to the prior one, although it did add more detail on the Fed's plans for its massive asset purchase program. According to the statement, the Fed will continue to buy at least $80 billion in Treasuries and $40 billion in mortgage-backed securities (MBS) each month until "substantial further progress has been made" in achieving its employment and inflation goals.

Looking ahead, investors will continue watching Covid case counts, vaccine distribution, and negotiations for additional government stimulus. Beyond that, Existing Home Sales will be released on Tuesday and New Home Sales on Wednesday. The core PCE price index, the inflation indicator favored by the Fed, also will come out on Wednesday. Mortgage markets will close early on Thursday and will be closed on Friday for Christmas.

Weekly Change:
10yr Treasury rose 0.02
DOW rose 100
NASDAQ rose 300

12/15/2020

MortgageTerms_BUYDOWNNMLS

Did you know that you "buy down" your mortgage rate? It's just one of the creative tools that we can educate you on to build the perfect mortgage for you!
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*This is not an agreement to make a loan. Buy Down eligibility is determined by a range of criteria. Not all individuals will qualify. This post is meant for entertainment purposes only - consult a mortgage professional for more information and for advice on your mortgage options.

12/13/2020

Corporate_SocialMedia_Unplug_10162020

#Unplug #DayOfRest

12/12/2020

HouseShopping_2

Out house shopping today? Make sure you're pre-qualified for the home you're looking for! Our SIMPL app makes it... Well, simple! *Apply from any device and get a conditional pre-approval for a loan amount you qualify for.
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*Not all borrowers will qualify. Approval based on borrower qualifications. This is not an agreement to make a loan. Learn more at https://buff.ly/3gCFn9W

12/11/2020

Weekly Market Update: Low Inflation

It was another relatively quiet week for mortgage markets, as the major economic data and the European Central Bank meeting were in line with expectations.

Rates are slightly better than last week and continue testing the all-time low mark!

The reduced economic activity resulting from the coronavirus has caused a decline in inflation, which has helped keep mortgage rates low. The Consumer Price Index (CPI) is a widely followed monthly inflation report that looks at the price change for goods and services. In November, the core PCE price index was just 1.6% higher than a year ago, down from an annual rate of increase above 2.0% in the months prior to pandemic.

Thursday's European Central Bank (ECB) meeting produced no surprises and caused little reaction. As expected, the ECB made no change in rates and expanded its massive bond purchase program by an additional 500 billion euros ($605 billion) to support economic growth. Officials said that bond buying will continue until "the coronavirus phase is over."

The results of record low mortgage rates have been seen in the weekly data from the Mortgage Bankers Association (MBA). According to their latest figures, mortgage applications to purchase a home were 22% higher than a year ago at this time, despite the obstacles posed by the pandemic. Mortgage applications to refinance, which are more heavily influenced by rates, are an amazing 89% higher than a year ago.

Looking ahead, investors will continue watching Covid case counts, progress on vaccines, and negotiations for additional government stimulus. Beyond that, the next Fed meeting will take place on Wednesday. Retail Sales will be released on Wednesday as well. Since consumer spending accounts for over two-thirds of all economic activity in the US, the retail sales data is a key indicator of growth. Housing Starts will come out on Thursday.

Weekly Change:
10yr Treasury fell 0.10
DOW fell 300
NASDAQ fell 100

12/07/2020

Zuckerberg_FunFact

Why would a billionaire get a mortgage? Because his interest rate was at 1.05%, which was below inflation and essentially meant his money was free! While we won’t be able to offer you terms that low, rates are at historic lows and now may be a great make your money go further when buying a home! Get in touch to see what you qualify for!
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*This is not an agreement to make a loan. Rate and approvals based subject to borrower qualifications. Not all individuals will qualify. Historical rate information is meant for entertainment purposes only
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#mortgage #MortgageBroker #mortgages #mortgagebrokers #MortgageLoans #mortgagelife #mortgagelender #mortgagebanker #mortgagerates #mortgagepro #MortgageAgent #MortgageFacts #mortgagelenders #mortgagebroking #mortgageexpert #mortgageloan #mortgageloanoriginator #livemortgagefree #mortgagespecialist #mortgagetips #mortgageblog #mortgageadvisor #mortgagecompany #homeLoans #MortgageLending #MortgageFacts #mortgageconsultant #mortgagepayments #mortgageprofessional #mortgageadvice

12/05/2020

Weekly Market Update: Job Gains Fall Short

Investors reacted this week to major economic data, Covid headlines, and negotiations in Congress for an additional aid package. Despite the wide range of news, however, it was a relatively quiet week for mortgage markets.

Rates finished the week close to where they began and continue to test all-time low levels!

While the solid rebound from unprecedented job losses caused by the partial shutdown of the economy has continued, the latest data released on Friday fell short of expectations. In November, the economy gained 245,000 jobs, below the consensus forecast of 450,000. Strength was seen in transportation, professional services, and health care. The economy has now recovered more than half of the 22 million jobs lost in March and April.

The other major areas of the report contained more optimistic news. From a level of 6.9% last month, the unemployment rate fell to 6.7%, matching expectations. Average hourly earnings, an indicator of wage growth, rose 0.3% from October, above the consensus for an increase of 0.1%, and were an impressive 4.4% higher than a year ago.

Another significant economic report released this week, the national manufacturing index from the Institute of Supply Management (ISM), was in line with expectations. In November, ISM came in at 57.5, the sixth straight month of readings above 50, meaning that the sector is expanding. Since many consumers are spending less money on travel and leisure activities due to the pandemic, they are buying more goods, which has boosted manufacturing activity.

Looking ahead, investors will continue watching Covid case counts, progress on vaccines, and negotiations for additional government stimulus. Beyond that, the Consumer Price Index (CPI) will come out on Thursday. CPI is a widely followed monthly inflation report that looks at the price change for goods and services. The next European Central Bank meeting also will take place on Thursday.

Weekly Change:
10yr Treasury rose 0.10
DOW rose 300
NASDAQ rose 200

Our Story

Licensed to do business in Texas. For more details visit: http://coltonflowers.nflp.com

*For more information on the 10-Day Closing Program, visit https://nflp.com/10-day-closing-program.

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FannieFredie_FunFact
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9700 Richmond Ave #320
Houston, TX
77042
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