The Nevada Mortgage Reports

Bringing you up to date information pertaining to local Financing and Real Estate!

Aaron DeHart

Today I got to sit down (Virtually) with my good friend John Pieretti where we discussed the local real estate market.
Namely:
1) How are homes being viewed currently?
2) Is it a good time to buy a home?
3) How is the escrow and closing process is currently being handled.
4) The importance of supporting our local community and small business in Northern Nevada.

Aaron M. DeHart
NMLS#309045

Today I got to sit down (Virtually) with my good friend John Pieretti where we discussed the local real estate market.
Namely:
1) How are homes being viewed currently?
2) Is it a good time to buy a home?
3) How is the escrow and closing process is currently being handled.
4) The importance of supporting our local community and small business in Northern Nevada.

Aaron DeHart - Loan Officer

The best beef and bbq in Sparks?

Aaron DeHart - Loan Officer

Yesterday was a very busy day in lending world related to the COVID 19 outbreak.

• MORTGAGE RATES: The big news...the Fed announced this morning that they will purchase as much US debt as necessary to stabilize the economy. This will include buying lots of mortgage debt, which should help keep mortgage rates low for some time.

• PAYMENT DEFERMENT: Fannie Mae and Freddie Mac plans to initiate a mortgage forbearance program allowing some borrowers relief of up to 12 months of mortgage payments. The plan will reduce, or delay payments, and will depend on the borrower's loss of income during the COVID 19 outbreak. Important to note that this does not eliminate the debt payments. It only defers them. Borrowers should continue to make their usual payments until granted the relief. This plan will not affect the borrower’s credit. Do not stop making payments!! For more information, contact your current servicer.

• APPRAISALS: Fannie and Freddie are changing the requirements for physical inspections for some appraisals. If an appraiser cannot go inside the home, for any reason, they will allow desktop and exterior-only appraisals on primary residence purchases and second homes/investment purchases with 15% down or more.

• VERIFICATION OF EMPLOYMENT: Fannie Mae and Freddie Mac came out with guidelines today that allow for more flexibility and alternatives in verifying employment for customers whose workplaces are temporarily closed. They also allowed for some flexibility for those on leave but did caution lenders to use their best judgement when making loan decisions to ensure the borrower clearly has the ability to repay the loan.

• CONGRESS STIMULUS AND RELIEF BILL: Congress is currently in a stalemate over the administration's proposed stimulus plan. Democrats don’t believe it has enough direct funding for relief of workers. Some economists have said it’s also not substantial enough, despite being over $1 trillion. Although it’s expect they will find common ground very soon, maybe even later today, this debate will continue to affect markets.

• NON QM AND JUMBO LOANS: Due to extreme market volatility, most Non QM and, even some jumbo lenders, have suspended all loan applications, locks, closings and funding's at this time. Non QM loans are non-traditional loans like bank statement loans, no doc investment loans and some other asset based loans. These loans are not backed by Fannie Mae and Freddie Mac, nor the government, so loan investors have pulled the plug, or substantially raised the rates, out of economic uncertainty.

****IMPORTANT: During the mortgage meltdown of 2008, loan guidelines changed nearly every day, for months, as loan investors tried to get their arms around the crisis. We are in a similar place. What’s true today could be untrue tomorrow. I’ll do my best to update you with the most current info as I get it and confirm it****

Stay healthy!! Please feel free to share with others who may need this information... Exercise and stay healthy :)
Aaron M. DeHart
NMLS #309045

Yesterday was a very busy day in lending world related to the COVID 19 outbreak.

• MORTGAGE RATES: The big news...the Fed announced this morning that they will purchase as much US debt as necessary to stabilize the economy. This will include buying lots of mortgage debt, which should help keep mortgage rates low for some time.

• PAYMENT DEFERMENT: Fannie Mae and Freddie Mac plans to initiate a mortgage forbearance program allowing some borrowers relief of up to 12 months of mortgage payments. The plan will reduce, or delay payments, and will depend on the borrower's loss of income during the COVID 19 outbreak. Important to note that this does not eliminate the debt payments. It only defers them. Borrowers should continue to make their usual payments until granted the relief. This plan will not affect the borrower’s credit. Do not stop making payments!! For more information, contact your current servicer.

• APPRAISALS: Fannie and Freddie are changing the requirements for physical inspections for some appraisals. If an appraiser cannot go inside the home, for any reason, they will allow desktop and exterior-only appraisals on primary residence purchases and second homes/investment purchases with 15% down or more.

• VERIFICATION OF EMPLOYMENT: Fannie Mae and Freddie Mac came out with guidelines today that allow for more flexibility and alternatives in verifying employment for customers whose workplaces are temporarily closed. They also allowed for some flexibility for those on leave but did caution lenders to use their best judgement when making loan decisions to ensure the borrower clearly has the ability to repay the loan.

• CONGRESS STIMULUS AND RELIEF BILL: Congress is currently in a stalemate over the administration's proposed stimulus plan. Democrats don’t believe it has enough direct funding for relief of workers. Some economists have said it’s also not substantial enough, despite being over $1 trillion. Although it’s expect they will find common ground very soon, maybe even later today, this debate will continue to affect markets.

• NON QM AND JUMBO LOANS: Due to extreme market volatility, most Non QM and, even some jumbo lenders, have suspended all loan applications, locks, closings and funding's at this time. Non QM loans are non-traditional loans like bank statement loans, no doc investment loans and some other asset based loans. These loans are not backed by Fannie Mae and Freddie Mac, nor the government, so loan investors have pulled the plug, or substantially raised the rates, out of economic uncertainty.

****IMPORTANT: During the mortgage meltdown of 2008, loan guidelines changed nearly every day, for months, as loan investors tried to get their arms around the crisis. We are in a similar place. What’s true today could be untrue tomorrow. I’ll do my best to update you with the most current info as I get it and confirm it****

Stay healthy!! Please feel free to share with others who may need this information... Exercise and stay healthy :)
Aaron M. DeHart
NMLS #309045

Aaron DeHart - Loan Officer

How To Properly Prepare For Your Refinance When Rates Go back Down! Which They Will.

How To Properly Prepare For Your Refinance When Rates Go back Down! Which They Will.

Aaron M. DeHart
NMLS#309045

Aaron DeHart - Loan Officer

What is Up With Mortgage Interest Rates
Aaron DeHart
NMLS #309045

Can I really get a 0% interest rate on my mortgage? ... the answer is no. Here is why! Aaron DeHart NMLS # 309045

Aaron DeHart - Loan Officer

With Mortgage interest rates going crazy, it is important to know what goes into making your mortgage rate. Is it is a refinance or a purchase? Are you taking cash out of your equity? Is it a second home? An investment property etc? Are you taking cash out etc? How much is your down payment etc? What is your credit score? All of these things have a major impact on what your mortgage rate is!

Aaron DeHart
NMLS#309045

With Mortgage interest rates going crazy, it is important to know what goes into making your mortgage rate. Is it is a refinance or a purchase? Are you taking cash out of your equity? Is it a second home? An investment property etc? Are you taking cash out etc? How much is your down payment etc? What is your credit score? All of these things have a major impact on what your mortgage rate is!

Aaron DeHart
NMLS#309045

We Love Vets

🇺🇸️🇺🇸️ Today's VA Truth 🇺🇸️🇺🇸️

◾️ Today we talk about the required timeline in order to use your VA IRRRL
◾️So many companies spreading misinformation about this through their relentless junk mail
◾️Pay attention and share this ⤵️⤵️

🇺🇸️🇺🇸️ Today's VA Truth 🇺🇸️🇺🇸️

◾️ Today we talk about the required timeline in order to use your VA IRRRL
◾️So many companies spreading misinformation about this through their relentless junk mail
◾️Pay attention and share this ⤵️⤵️

We Love Vets

Huge huge congrats to my man Thomas, a United States Marine, amazing American and all around just good dude. Super funny as well. Please help me in welcoming him to the neighborhood and congratulate him and his lovely wife on their beautiful new home! Huge thank you to Michelle Attaway for finding them their dream home !!! 🏠👍!

And of course our local business Sparks Metalcrafters and Mr. Scott Stites for the beautiful flags that are made for our veterans ! Congrats Thomas and thank you for your service to our country !!!

Huge huge congrats to my man Thomas, a United States Marine, amazing American and all around just good dude. Super funny as well. Please help me in welcoming him to the neighborhood and congratulate him and his lovely wife on their beautiful new home! Huge thank you to Michelle Attaway for finding them their dream home !!! 🏠👍!

And of course our local business Sparks Metalcrafters and Mr. Scott Stites for the beautiful flags that are made for our veterans ! Congrats Thomas and thank you for your service to our country !!!

We Love Vets

Be aware of possible scams this time of the year !! It’s tax time and W 2s are out!!
The IRS will not call you
Buying a home or doing a refinance is public record 🏠
Be aware of links that are texted to you , Amazon etc .
Have a fun weekend and be safe😄

Be aware of possible scams this time of the year !! It’s tax time and W 2s are out!!
The IRS will not call you
Buying a home or doing a refinance is public record 🏠
Be aware of links that are texted to you , Amazon etc .
Have a fun weekend and be safe😄

We Love Vets

👊🏻Awesome success story about how the new VA no loan limits has helped one of our veterans and his family !🏠

👊🏻Awesome success story about how the new VA no loan limits has helped one of our veterans and his family !🏠

We Love Vets

VA Home Loan Benefit #8. VA Home Loans have lower closing costs.

VA Home Loan Benefit #8. VA Home Loans have lower closing costs.

We Love Vets

Huge congrats to this awesome mom of the year and United States veteran Jennifer Wooster . Thank you for your service and congrats on your new home 🏠!!! If you know Jennifer , please welcome her to her new home!!

Huge thanks to my man Scott Stites Sparks Metalcrafters for all the flags they make for our veterans! Cheers and congrats on your new home Jenn!

Huge congrats to this awesome mom of the year and United States veteran Jennifer Wooster . Thank you for your service and congrats on your new home 🏠!!! If you know Jennifer , please welcome her to her new home!!

Huge thanks to my man Scott Stites Sparks Metalcrafters for all the flags they make for our veterans! Cheers and congrats on your new home Jenn!

Help with Houses

What Are The TOP Three Things You Can Do To Save Yourself Time and Headaches when Buying a Home???
1) Getting properly pre-approved... Actually submitting Documentation for home loan.
2) Making sure your credit is updated and healthy (Pay all bills on time)
3) No new accounts or debts... Keep everything the same as when you were pre-approved... if it has been more than 90 days?? Get an updated pre-approval!

What Are The TOP Three Things You Can Do To Save Yourself Time and Headaches when Buying a Home???
1) Getting properly pre-approved... Actually submitting Documentation for home loan.
2) Making sure your credit is updated and healthy (Pay all bills on time)
3) No new accounts or debts... Keep everything the same as when you were pre-approved... if it has been more than 90 days?? Get an updated pre-approval!

We Love Vets

VA Benefit # 5, VA home loans come in many different varieties!

VA Benefit # 5, VA home loans come in many different varieties!

We Love Vets

VA Home Loan Benefit #4 VA Home Loans Have no Pre Payment penalties

VA Home Loan Benefit #4 VA Home Loans Have no Pre Payment penalties

We Love Vets

Top 10 Benefits of the VA Home Loan Continued!

#3 VA loans have a government guarantee.

Va Loans come with very favorable terms. The federal government guarantees that a portion of the loan will be repaid to the lender even if you’re unable to make monthly payments for whatever reason.

This guarantee encourages and allows lenders to offer VA loans with exceptionally attractive terms to borrowers that want and deserve them

Aaron M. DeHart
NMLS#309045

Top 10 Benefits of the VA Home Loan Continued!

#3 VA loans have a government guarantee.

Va Loans come with very favorable terms. The federal government guarantees that a portion of the loan will be repaid to the lender even if you’re unable to make monthly payments for whatever reason.

This guarantee encourages and allows lenders to offer VA loans with exceptionally attractive terms to borrowers that want and deserve them

Aaron M. DeHart
NMLS#309045

We Love Vets

Top 10 Benefits of the VA Home Loan Continued.
#2 VA Home Loans Have no Mortgage Insurance on them!!!

Top 10 Benefits of the VA Home Loan Continued.
#2 VA Home Loans Have no Mortgage Insurance on them!!!

We Love Vets

Top 10 Bennefits of the VA home Loan!
#1, no down payment. This is a true no money down loan!
Aaron M. DeHart
NMLS#309045

Top 10 Bennefits of the VA home Loan!
#1, no down payment. This is a true no money down loan!
Aaron M. DeHart
NMLS#309045

We Love Vets

🇺🇸️The VA actually put out some bullet points on entitlement calclations once the #BlueWaterNavyBill goes into affect on 1 Jan 2020
🇺🇸️ Will the new Funding Fee hurt Veterans?

🇺🇸️The VA actually put out some bullet points on entitlement calclations once the #BlueWaterNavyBill goes into affect on 1 Jan 2020
🇺🇸️ Will the new Funding Fee hurt Veterans?

We Love Vets

Client question of the week... what is the difference between a condo and a townhome?

Client question of the week... what is the difference between a condo and a townhome?

We Love Vets

·
😱😨 Do I have to have a honorable discharge from the military in order to qualify for my VA home loan benefits ? You may be surprised ....

😱😨 Do I have to have a honorable discharge from the military in order to qualify for my VA home loan benefits ? You may be surprised ....

socialsurvey.me

Aaron DeHart Senior Mortgage Advisor/Military Loan Specialists at New American Funding Sparks Reno, Nevada Area Mortgage Professional Reviews

socialsurvey.me I have been a mortgage loan officer since 2003 and love it! I have successfully helped hundreds of families attain home financing. I develop a strong financial plan based on the clients short and long term needs and am heavily involved with credit education, debt management, college planning, debt r...

socialsurvey.me

Aaron DeHart Senior Mortgage Advisor/Military Loan Specialists at New American Funding Sparks Reno, Nevada Area Mortgage Professional Reviews | SocialSurvey.me

socialsurvey.me I have been a mortgage loan officer since 2003 and love it! I have successfully helped hundreds of families attain home financing. I develop a strong financial plan based on the clients short and long term needs and am heavily involved with credit education, debt management, college planning, debt r...

"The time is always right to do what is right." - Martin Luther King, Jr. #MLKDay

New American Funding

Jason Obradovich is back with another Mortgage Rundown. What is happening with interest rates? Why are longer term rates moving up so rapidly? What should you keep an eye on in the coming weeks? Watch the latest episode to find out! #MortgageRundown #MarketUpdate

Jason Obradovich is back with another Mortgage Rundown. What is happening with interest rates? Why are longer term rates moving up so rapidly? What should you keep an eye on in the coming weeks? Watch the latest episode to find out! #MortgageRundown #MarketUpdate

newamericanagent.com

2018 Housing Forecast - Infographic

Want the inside scoop on the housing market? Take a look at our 2018 Housing Forecast to see what conditions will be like for purchase and refinancing and what else is in store for this year.

newamericanagent.com Take a look at our 2018 Housing Forecast to see what conditions will be like for purchase and refinancing and what else is in store for this year.

Happy New Year from New American Funding! May #2018 bring you happiness and health! 🎆

Be safe tonight! #newamericanfunding

We care about your safety this holiday! From our New American Funding family to yours, please take advantage of these first-time rider promo codes and don't drink and drive. Share with your friends and family! #NYE #NAF360

Although the codes are for first-time riders only, AAA members AND non-members are eligible for a FREE Tipsy Tow.

First-time UBER riders enjoy $5 OFF (first 3 rides)
First-time LYFT riders enjoy $5 OFF (first 2 rides)

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Location

Address


9650 Gateway Dr, Ste 202
Reno, NV
89521
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