Michael Kenyon NMLS 187063

Michael Kenyon NMLS 187063

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Hey realtors, title companies, insurance agents, and other referral partners... on February 27th I'll be volunteering at Women Giving Back, a local charity here in Loudoun County that helps women and children in crisis. If you can join, that would be great! Hope to see you there!
One of our early changes as we ramp up our marketing is branding. I never really went out of my way to brand myself. One of the early steps in putting all of that together is coming up with a logo. We might be a little late to the game, but I really like the look of it. Let us know what you think!
If you still haven't refinanced the window is closing. This is something you should look into if any of these 5 scenarios apply to you. Give me a call or shoot me an email, I'm happy to help out!
My most recent article for Forbes provides a little more detail to other money saving areas of the home buying process.
A few experts (including yours truly) weigh in on how to set your budget if you're a first-time home buyer....
Check out my first article for Forbes.com...
Forbes Real Estate Council asked industry experts what practices they'd like to see go away. My comments are on page 2 (no offense North Dakota).
The Fed raising rates has a far reaching impact. You may think that because you're not buying a home it doesn't effect you. That's not the case. Car loans, credit cards, etc., are effected as well.
Conforming and high-balance conforming loan limits will increase for 2018! This is great news! The new limits will be $453,100 (conforming) and $679,650 (high-balance). There is still more information to be released, however, if you're looking to purchase or refinance in 2018 things may have just improved for you. Feel free to reach out to me if you have any questions or concerns. I'm happy to help!
My beautiful baby girl
You have a lot of lenders to choose from when you're purchasing or refinancing your home. It just so happens that we are one of the best in the DC Metro area. If you have any questions about your home loan scenario, please feel free to reach out. I'm happy to help.

NMLS ID # 187063 Company NMLS ID # 2229 (www.nmlsconsumeraccess.org)

As a direct lender, we control the process from start to finish; we make the loan decision. The majority of our loans are processed, underwritten, and closed in-house. Our veteran team of loan officers and professional personnel are equipped with a level of experience that is second to none.

NMLS ID # 187063 Company NMLS ID # 56323 McLean NMLS # 320939 (www.nmlsconsumeraccess.org)

We’re already through January, 2020. The year is moving along very quickly! What took place this month and what do we have coming up in February? You’ll have to watch to find out...

What’s going on in the market this week? Fed Meeting, Coronavirus impact and more...

#UHMLeesburg #UnionHomeMortgage #rates #mortgage #interest #firsttimehomebuyer #FTHB #refi #refinance #interestrates #mortgages #mortgagerates #housingmarket #fha #valoans #firsttimehomebuyers #valoan #conventional #fhaloans #homemortgage #financing #va #marketupdates #loudouncounty #conventionalloan #realestate #veteran #vairrl

MBS prices were positive this morning (+3bps FHA/VA, +15bps Conv.) which held rates in check. No data this morning and only 4 reports/events this week so expect rates to be DOW driven. #rates #mortgage #interest #firsttimehikebuyer #FTHB #refi #refinance #interestrates #mortgages #mortgagerates #fha #valoans #firsttimehomebuyers #fhaloans #conventional #housingmarket #marketupdates #conventionalloan

Thank you King Street Oyster Bar and SideBar for the hospitality! #UHMLeesburg #UnionHomeMortgage

Thank you to those that braved the cold and wind for coming out! Really enjoying our time with the friends and UHM Partners at our Grand Opening Bar Crawl! #UHMLeesburg #UnionHomeMortgage

Final push! Grand Opening of our Leesburg, VA is tonight! Looking forward to seeing everyone who plans on coming out! #UHMLeesburg #UnionHomeMortgage #GrandOpening #KingStreetOysterBar #SideBar #14Loudoun #Leesburg #LeesburgVA #purcellville #purcellvilleva #Ashburn #AshburnVA

Our Grand Opening of our Leesburg office is this Thursday! Please RSVP to [email protected] if you haven’t already done so. We have a fun night planned with a bar crawl, a giveaway, and a donation to charity! #UHMLeesburg #UnionHomeMortgage #kingstreetoysterbar #SideBar #14loudoun #grandopening #leesburg #leesburgva #loudouncounty #loudouncountyva #loudoun #loveloudoun #purcellville #purcellvilleva #ashburn #ashburnva #brambelton #brambletonva

It’s always nice to get a great review! #UHMLeesburg #UnionHomeMortgage

It’s a busy day and week! US Treasury bond auctions, 3 days of job reports (starting Wednesday), the China trade deal, and now Iran will all impact rates. The good news is we have our Grand Opening next Thursday! #rates #mortgage #interest #firsttimehomebuyer #FTHB #refi #refinance #grandopening #Loudoun #Leesburg #LeesburgVA #LoudounCountyVA #Ashburn #Brambleton #Purcellville #Sterling #KingStreetOysterBar #SideBar #14Loudoun

Michael Kenyon NMLS 187063's cover photo

Happy New Year everyone! Put it in your calendar, our Grand Opening is Thursday, January 16th from 7-10pm. Details in the video! Please join us, we’d love to meet you! #UHMLeesburg #unionhomemortgage #kingstreetoysterbar #sidebarleesburg #14loudoun #leesburg #leesburgva #loudoun #loudouncounty #loudouncountyva #loveloudoun #ashburn #ashburnva #purcellville #purcellvilleva #brambelton #brambeltonva #sterling #sterlingva #grandopening

Happy Holidays Everyone! Big announcement for our next community event! You’ll have to watch to find out! #UHMLeesburg #unionhomemortgage #kingstreetoysterbar #sidebar #14Loudoun #GrandOpening #prize #giveaway #donation #charity #loudouncounty #loudouncountyva #loveloudoun #leesburgva #leesburg #ashburnva #ashburn #purcellvilleva #purcellville #sterlingva #loudounladies #loudounbiz #loudounlocal #loudounbusiness

Happy holidays everyone! #UHMLeeesburg #unionhomemortgage #rates #mortgage #interest #FTHB #firsttimehomebuyer #refi #refinance #valoan #marketupdates #fhaloan #conventionalloan #homemortgage #valoans #mortgagerates #fhaloans #FHA #interestrate #mortgages #firsttimehomebuyers #financing #residential #VA #happyholidays #happyholidays2019 #happyhanukkah #merrychristmas2019 #merrychristmas #happykwanza

Happy holidays everyone! #UHMLeeesburg #unionhomemortgage #rates #mortgage #interest #FTHB #firsttimehomebuyer #refi #refinance #valoan #marketupdates #fhaloan #conventionalloan #homemortgage #valoans #mortgagerates #fhaloans #FHA #interestrate #mortgages #firsttimehomebuyers #financing #residential #VA #happyholidays #happyholidays2019 #happyhanukkah #merrychristmas2019 #merrychristmas #happykwanza

Last full week of 2019. What’s on tap? #UHMLeesburg #rates #mortgage #interest #firsttimehomebuyer #FTHB #refi #refinance #va #mortgages #housingmarket #mortgagerates #interestrates

Three US Treasury Bond auctions and the final 2 day Fed Meeting of the year highlight this week. We’ll keep you posted! #UHMLeesburg #rates #mortgage #interest #firsttimehomebuyer #FTHB #refi #refinance #FHA #VA #Conventional #FHAloan #VAloan #conventionalloan

Thank you to all that made it out to Pictures with Santa! It was a great event and we were happy to see you there! We raised over $1k for Loudoun Therapeutic Riding! I want to tank Dry Mill Winery for providing the venue and Maggie Hatfield of 15 West Homes and Stephanie Callaghan of Sweet Air Homes for being great co-sponsors! Can’t wait for next year!

As for the market, rates were off at the open (-25bps FHA/VA, -22bps Conv.) on morning data. It’s a light week in terms of volume, but we do have 3 days of jobs data starting Wednesday and culminating on Friday with the BLS report which has been known to be a market mover #UHMLeesburg #15westhomes #sweetairhomes #loudountherapeuticriding #drymillwinery #santa #rates #mortgage #interest #firsttimehomebuyer #FTHB #refi #refinance #marketupdates #fhaloan #valoans #homemortgage #firsttimehomebuyers #financing #valoan #fhaloans #vairrl #conventionalloan

Come by and see Santa today at Dry Mill Winery from 1-4 pm! Pictures are free and all donations will go to Loudoun Therapeutic Riding! Maggie Hatfield of 15 West Homed, Stephanie Callaghan of Sweet Air Homes and I will be here. We look forward to seeing you soon! #Santa #Pictures #PictureswithSanta #15westhomes #sweetairhomes #unionhomemortgage #drymillwinery #loudountherepeuticriding #UHMLeesburg

Happy Thanksgiving everyone! Remember that once you’re done with those leftovers we’re having our 1st Annual Pictures With Santa event this Sunday, December 1st from 1-4pm at Dry Mill Winery in Leesburg, VA co-hosted by Maggie Hatfield of 15 West Homes and Stephanie Callaghan of Sweet Air Homes, both serving Loudoun County. The event is free, and all donations will go to Loudoun Therapeutic Riding. Skip the mall and come support a great cause in your community! We look forward to seeing you there! #UHMLeesburg #UnionHomeMortgage #KW #kwrealty #Santa #DryMillWinery #LoudounTherapeuticRiding #Santa #giving #charity #charityevent @ Dry Mill Winery

Everyone have a safe and Happy Thanksgiving! #UHMLeesburg #unionhomemortgage #happythanksgiving #family

Hi everyone! This is a friendly reminder that next Sunday, December 1st is our 1st Annual Pictures with Santa event to benefit Loudoun Therapeutic Riding. The event will be from 1-4pm at Dry Mill Winery in Leesburg, VA. Come out, bring your kids, get your pictures with Santa, and help support a great cause. Maggie Hatfield of 15 West Homes and Stephanie Callaghan of Sweet Air Homes are also sponsors of the event and we wouldn't be able to pull it off without them. We anticipate a great turnout and a really fun afternoon. Come by and say Hi!

Hi everyone! Just a friendly reminder that our First Annual Pics with Saint Nick to benefit Loudoun Therapeutic Riding is just 2 weeks away! Maggie Hatfield of 15 West Homes, Stephanie Callaghan of Sweet Air Homes, and myself will be your hosts. It will be from 1-4pm on Sunday, December 1st at Dry Mill Winery. Come out, bring the family, and get your pictures with Santa! The event is free and all donations will go to benefit a great cause! We look forward to seeing you there!

Veterans, thank you for your service!

Hi Everyone! Just a friendly reminder that our 1st Annual Pics with Saint Nic is on Sunday, December 1st from 1 - 4 pm at Dry Mill Winery in Leesburg, VA to benefit Loudoun Therapeutic Riding. I'll be there with Maggie Hatfield of 15 West Homes and Stephanie Callaghan of Sweet Air Homes. We look forward to seeing you there!

What’s happening this week in the financial markets that can impact rates?

Happy Halloween from the Kenyon Family to yours! Stay dry and be safe trick or treating! Here are my two little girls. Once they warmed up to the outfits they loved it!

This week... Happy Halloween, Employment Data, and Pics with Saint Nick!

Hey everyone! Our Leesburg, VA office is now open! Come by, say hi, and meet the newest Branch Manager at Union Home Mortgage! We’re at 113 E Market Street, #120 in Historic Downtown Leesburg, Virginia! We’re here to help you with all your residential financing needs!

Michael Kenyon NMLS 187063's cover photo

Michael Kenyon NMLS 187063

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At the end of the day, make sure assets are in personal accounts and seasoned long before applying for a mortgage!

And do your best to limit account activity during that time. It makes life easier for everyone.

#Assets #Qualifying #Mortgage #Loan #MortgageTips

Many prospective homeowners and those looking to refinance make mistakes when handling their assets prior to a mortgage transaction.

They may falsely assume they can just shuffle some assets from a friend or family member’s account into their own bank account without incident, then use them to qualify for a mortgage.

Unfortunately, this doesn’t fly with many banks and mortgage lenders because the money isn’t properly sourced or seasoned.

Banks and lenders want to ensure the money is truly the borrower’s money, and in the borrower’s account for at least 60 days before they’ll accept those assets as their own. If it just appears out of thin air one day, the lender won’t feel very comfortable about the legitimacy of those funds.

#Assets #Qualifying #Mortgage #Loan #MortgageTips

Types of Assets:

Most mortgage lenders use some variation of the "Uniform Residential Loan Application," a document drawn up by Fannie Mae and Freddie Mac.

The uniform application divides loan applicants' assets into two categories: liquid and non-liquid.

Liquid assets are those held in cash or easily converted to cash, including checking and savings accounts; stocks, bonds and other securities; and life insurance policies with a cash value.

Non-liquid assets are harder to convert into cash but are still valuable. They include real estate, cars, assets in retirement plans, businesses owned by the applicant and any other item of material value. (Got a rare stamp collection? List it under "other").

#Assets #Qualifying #Mortgage #Loan #MortgageTips

If someone came to you and asked to borrow hundreds of thousands of dollars for 30 years or so, you'd probably have a lot of questions. So would anyone.

Lenders want to know everything about your finances, which is why a home loan application expects you to list all your assets and your liabilities.

Your assets are the things you own. Before they will approve you for a loan, mortgage lenders typically require that you have a job or some steady source of income that will allow you to make the payments. But they also recognize that people can lose their jobs, and other income sources can dry up. That's why they like to see applicants with other assets that they can convert to cash, if necessary, to keep up with their house payments.

#Assets #Qualifying #Mortgage #Loan #MortgageTips

Happy Monday everyone!

This week we'll be talking about Assets so stay tuned!

#Assets #Qualifying #Mortgage #Loan #MortgageTips

Happy Friday everyone! Stay motivated!

Your income plays a large role in the approval of your mortgage because it determines how much you can afford to pay in mortgage payments every month. Regardless of the size of your down payment, lenders are concerned with your income and want to know that you have the ability to repay the mortgage loan.

As a general rule, if your credit score is good, 39% of your gross monthly income can go towards housing costs and 44% can go towards housing costs plus your additional, monthly credit obligations.

Let's get in touch to discuss some options that might be available to you!

#Income #Mortgage #Loan #HomeLoan

gustancho.com

Importance Of Income For Mortgage Qualification In Home Loan Process

Types Of Income That Can Be Used For Mortgage Qualification:

• hourly income
• salaried income
• social security income
• pension income
• disability income
• child support income
• alimony income
• part time income
• royalty income
• over time income
• bonus income
• self employment income

gustancho.com Importance Of Income For Mortgage Qualification: Qualified income (documented income) is the only income that can be used when qualifying for home loans

Ever wondered how much income you need to qualify for a loan? At ICM, we offer mortgage calculators to help you determine just that.

Keep in mind, the calculators don’t take into account all the factors that should be considered when choosing a new mortgage, it is designed just to offer assistance. The final decision should always be based on what’s best for you and your individual situation.

https://www.icmtg.com/how-much-house-can-you-afford/

#Income #Mortgage #Loan #HomeLoan

Another Monday, another topic!

This week we'll be talking income and what is needed to qualify for a loan.

Stay tuned!

#Income #Mortgage #Loan #HomeLoan

Keep in mind that your credit score will also affect your interest rate.

Just having a good enough score to get approved for a home loan does not mean you’re going to get a great deal. Your credit score will affect the interest rate you get.

Poor credit scores often lead to higher mortgage rates and increased closing costs leading to a higher monthly payment.Obviously the higher your credit score the lower you rate will be.

#Credit #QualifyForALoan #CreditScore #Mortgage #loan

Many first time home buyers believe they do not qualify, however, FHA loans have low requirements. If you have a poor credit rating the best home loan to get is an FHA loan.

FHA loans have the lowest credit requirements of any mortgage. In order for the FHA to insure a mortgage loan the borrower must have at least a 500 credit score with a 10% down payment.

However, getting approved for an FHA home loan with a credit score in the 500-579 range can be difficult, even with 10% or more down. It’s highly recommended that you try to improve your credit score before applying for a mortgage.

#Credit #QualifyForALoan #CreditScore #Mortgage #loan

If you’re looking into buying a house, the first thing you need to do is check your credit score. So what credit score is needed to buy a house? The answer is, it varies.

Your FICO score is the first thing a mortgage lender will check when seeing if you qualify for a loan. While there are many factors involved in qualifying for a loan, your credit score is the most important.

The minimum credit score you need to purchase a home will depend on the type of home loan you qualify for.

Typical minimum FICO scores by mortgage type:
• FHA Loan – 580+ credit score (500-579 score is possible but unlikely)
• VA Loan – 620+ credit score (some lenders require 580)
• USDA Loan – 640+ credit score
• FHA 203K Loan – 620+ credit score
• Conventional Loan – 620+ credit score

#Credit #QualifyForALoan #CreditScore #Mortgage #Loan

Happy Monday! I hope everyone enjoy the holiday break!

This week we're going to be talking about credit in terms of qualifying for a loan.

Credit does have an impact on the loan process so it's important to be aware of your score when you're starting to look into the loan process.

So stay tuned for more info this week!

#Credit #QualifyForALoan #CreditScore #Mortgage #Loan

Michael Kenyon NMLS 187063

CO 100512176 | DC MLO187063 | MD 20078 | VA MLO-2997VA. UHM 2229. Union Home Mortgage Corp. Equal Housing Lender. nmlsconsumeraccess.org

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Location

Telephone

Address


113 E Market Street #120
Leesburg, VA
20176

General information

Union Home Mortgage offers competitive pricing with cutting edge programs and technology to meet all your home buying needs. We offer a complete menu of options from conventional to VA and FHA loans; jumbo and super jumbo loans; construction and renovation loans and bridge loans. We also originate purchase money second trusts and home equity lines of credit. If you are looking to refinance, Union Home Mortgage can streamline the process and cut through the red tape and get you closed more efficiently than any other mortgage company. That’s our promise!
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