HomeReady Mortgage Program Changes

The HomeReady mortgage program is a special program through Fannie Mae for low to moderate income families. Fannie Mae recently announced some changes to this program that may allow more home buyers to take advantage. Here’s an overview of the HomeReady Mortgage Program changes: Income Requirement Increases Income requirements are typically calculated based on a […]

Funding for USDA Home Loans Running Out

USDA Home Loans are offered in rural and semi-rural areas. There’s a misconception that USDA loans are only for farmers. In fact, they are used by many single-family home buyers who are not farmers but are simply buying homes in areas approved for USDA financing. This loan option is appealing primarily because it offers 100% […]

MIP Refund For FHA Refinances

If you have an FHA loan and are refinancing it with another FHA loan, it may be possible to get a partial refund on the MIP that you previously paid. The amount depends on how long you have had the original FHA loan. Here are some important details on the MIP refund for FHA refinances. […]

The Perfect Loan File

Forbes recently published an article about the perfect loan file and industry misconceptions. What is the real cause of consumers having difficulty getting loans? The answer may be surprising.

NH & MA Home Buyer Grant | NHF Platinum Program

Sierra Pacific Mortgage has partnered with the National Homebuyer Fund (NHF Platinum Program) to offer a new program for New Hampshire and Massachusetts home buyers. This program provides grants towards the purchase of a home and can make a home purchase possible (or possible sooner) for many home buyers. Here’s what you need to know about […]

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