Veteran’s Day Profile: Veteran Homeowner Works with De Young Mortgage to Make His Dreams Come True!

Veteran’s Day Profile: Veteran Homeowner Works with De Young Mortgage to Make His Dreams Come True!

Duty, honor, country and the rest of the ideals that have made and inspired great American Armed Forces for generations are extremely important to everyone at De Young Mortgage. As Veteran’s Day approaches, De Young Mortgage would like to pay tribute to our active military and veterans alike in honor of their service, sacrifice and commitment to our country.

De Young Mortgage is proud to have made home ownership a reality for many veterans in our community and is happy to create financing options to allow for even more new Veteran homebuyers, including Central Valley native David Agbisit, a United States Marine Corps Veteran. David, who served in the USMC from 1986-1994, just purchased his first De Young Properties home in De Young Trailside at Loma Vista, located in Clovis.

When asked what Veteran’s Day means to him, David said, “Veteran’s Day is a day to honor and recognize the men and women who signed a blank check to protect this country and its people, regardless of race, orientation, or affiliation from all enemies foreign and domestic until we are physically or mentally unable.” According to David, when it comes to his military service, he is most proud of, “Just being to serve my country and to call myself a United States Marine. I take that path to heart and will defend this country until I die.”

David and his wife, Elizabeth, worked with the De Young Mortgage Team to help provide them with a stress-free process of exploring special financing programs and selecting which path was right for them.

”Our experience with De Young Mortgage was honest, respectful and easy to work with during this process.” David said.

David and Elizabeth are excited about moving in and knowing the home is theirs, as well as meeting and making some good friends in the Trailside community.

“We would 100% recommend De Young Mortgage and De Young Properties to our family and friends.” David stated. “We chose De Young Properties because of their craftsmanship and reputation but we mainly chose them due to the fact they were the only ones to reach and to act like they cared. They’ve been 100% genuine and helpful throughout the whole process.” he added.

The professionals at De Young Mortgage are well acquainted with the Veterans Home Loan as well as the FHA, USDA and other conventional loans. Owning a De Young home has never been easier with a variety of down payment assistance programs, the team is sure to find an option suitable for almost anyone.

Whether you’re looking to purchase a home for the first time or just refinancing, our goal is to provide the same high level of service and integrity that matches the De Young name.

To learn more about a VA Home Loan or any other financing programs through De Young Mortgage, call (559) 439-9494.

Lending Limit Increases Make Fresno County Mortgages More Accessible Than Ever!

 Lending Limit Increases Make Fresno County Mortgages More Accessible Than Ever!

Affordable financing is now more accessible than ever! As of December 2017, conforming loan limits have increased throughout California, making it easier for first-time homebuyers to obtain mortgages. In Fresno County, we have seen increases in lending limits for Conventional loans, Federal Housing Administration (FHA) loans and Veterans Affairs (VA) loans, all of which are mortgage options offered by De Young Mortgage!

An affiliate of legacy homebuilder De Young Properties, De Young Mortgage is a local home mortgage broker that serves as a one-stop financing resource for not only De Young Properties customers, but all homebuyers and homeowners across our Valley. De Young Mortgage takes pride in being a reliable and reputable mortgage company, offering a full-range of quality financing options including, but certainly not limited to, the three loan types for which lending limits have increased this year: Conventional, FHA and VA loans.

So, what are each of these loans and which one might be right for you?

Conventional Mortgage Loans

A Conventional mortgage loan is a home loan that conforms to the loan limits set by the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae), but is not guaranteed or insured by a federal government agency. If you have a strong credit score and intend to make a sizeable down payment on your home, this loan may offer a better rate, more flexibility and fewer provisions when compared to other loans!

The new Conventional mortgage lending limit for a single-family home in Fresno County is $453,100!

FHA Mortgage Loans

An FHA mortgage loan is a type of home loan backed and insured by the Federal Housing Administration. These loans have more lenient credit score and down payment requirements, designed to help low to moderate income homebuyers realize their dream of home ownership. The home of your dreams may not be far from reach with an FHA loan from De Young Mortgage!

The new FHA mortgage lending limit for a single-family home in Fresno County is $294,515!

VA Mortgage Loans

A VA mortgage loan is a type of guaranteed home loan made by private lenders to eligible veterans for the purchase of a personal home. These loans are guaranteed by the U.S. Department of Veterans Affairs. Most members of the military, veterans and National Guard members are eligible to apply for these loans, which offer competitive rates and benefits to eligible veterans! VA home loans start with $0 down programs.

The new VA mortgage loan lending limit for a single-family home in Fresno County is $453,100!

Learn More!

With increasing lending limits across Fresno County, financing your dream home is easier than ever. The professionals at De Young Mortgage are well acquainted with Conventional, FHA and VA loans, as well as other additional loan options, and are ready to use their expertise to help you choose the best program to suit your individual needs.

With years of lending industry knowledge in Fresno, your De Young Loan Officer will review your income, savings, liquid assets, FICO credit score and debt situation then evaluate the various mortgage rates and options available. In a timely manner, your Loan Officer will be able to assist you in finding the right one to suit your needs!

What are you waiting for? Take advantage of these increased lending limits while you can! To learn more, fill out the Mortgage Application Form and a De Young Mortgage Loan Officer will be in contact with you shortly to help you turn your dream of home ownership into a reality.

This is not an offer for extension of credit or the commitment to lend. All loans must satisfy company underwriting guidelines. Information is subject to change at any time and without notice.

Hear From Our Customers – Pete & Patty

Find out why Pete & Patty recommend De Young Mortgage! Learn more about their story here:

“The whole experience has been fantastic! Everybody has been great to work with. It’s definitely a home town feel with them, you get that… like you’re family. We definitely recommend De Young to other people.” – Pete & Patty, De Young Mortgage Customers

Explore Your Financing Options On Saturday With De Young Mortgage at The De Young Armstrong Welcome Center!

Explore Your Financing Options On Saturday With De Young Mortgage at The De Young Armstrong Welcome Center!

De Young Properties realizes that finding the perfect home is only part of building the American Dream…. financing it is the other. With nearly 70 years of family experience, De Young Properties remains committed to providing affordable home ownership. Building upon that commitment, De Young Properties is pleased to recommend the competitive lending advantage of their affiliate, De Young Mortgage, Inc. De Young Mortgage has been servicing excited new homebuyers who are purchasing homes in the newest De Young communities.

A De Young Mortgage professional will be available to meet one-on-one with potential homebuyers on Saturday, May 20 from 9:30 a.m. to 4:30 p.m. at the De Young Armstrong Welcome Center located on Armstrong, south of Gettysburg in Clovis to discuss what is needed for resale of an existing home, financing of new home construction or investment property or refinancing an existing loan.

In addition, De Young Mortgage offers programs for down payment assistance and special financing. Learn more about pre-qualifying and receiving a free credit score, how to purchase a home after a foreclosure or short sale, your purchasing power and more! With years of lending industry knowledge, these experts will use their expertise to help homebuyers choose the best program to suit their individual needs.

Finance your new De Young Properties home through De Young Mortgage and take advantage of financing incentives toward your new home purchase. De Young Mortgage offers a variety of home loans including Conventional, FHA, USDA, VA and Jumbo Loans. Owning a De Young home has never been easier with low mortgage rates and a down payment assistance program, the team is sure to find an option suitable for almost anyone.

Can’t make it to the Clovis Welcome Center on Saturday? You can also call to arrange an appointment with a De Young Mortgage Loan Officer at (559) 420-7868 or visit a De Young Properties Welcome Center.

Author: Brandon De Young

De Young Mortgage Honored With People’s Choice Award Recognition

De Young Mortgage was recognized as a People’s Choice Award recipient for Best Mortgage Company, an annual honor given to three businesses per category by the Fresno Bee based on votes received from the community. De Young Mortgage would like to thank the community for your votes.
“Thank you to the community for this honor. De Young Mortgage is a one-stop financial resource in Fresno County,” said Brandon De Young of De Young Mortgage. “Call a De Young Mortgage expert today to learn your purchasing power.”

Since 2012, De Young Mortgage has been helping homeowners finance the American Dream of home ownership. De Young Mortgage takes pride in being a reliable and reputable mortgage company, offering a full-range of quality financing options including Conventional, FHA, USDA, VA and Jumbo loans. In addition, De Young Mortgage can offer expertise in lending for a resale purchase of an existing home, refinancing of an existing loan, and financing of new home construction or investment property. Their goal is to make the financing process as simple, convenient and pleasant as possible for all clients.

For more information on De Young Mortgage call 559.420.7868.

Author: Brandon De Young

Interest Rates are Staying Steady!

Good News! On February 1, Federal Reserve officials decided to leave interest rates unchanged while they assess where the economy is headed. What does this mean for you? It means that if you were thinking about buying or refinancing a home, now is the time! And let the professionals at De Young Mortgage help guide you!

The Federal Open Market Committee wholesale jerseys China (FOMC) is anticipating interest rates will rise gradually though. In their statement, the wholesale nba jerseys FOMC said that job gains “remained solid” and unemployment rate “stayed near its recent wholesale jerseys low,” so now is the time to act.

The FOMC expects economic conditions to evolve in a way that will warrant only “gradual increases” to the federal funds rate in the immediate future. If you are interested in speaking to an industry expert who is knowledgeable about the marketplace and what will be best for you, contact De Young Mortgage today! Call 559-420-7868 or email

Author: Brandon De Young

Renting vs. Buying: Planning for Homeowner costs you did not have as a renter

Your loan has funded, your closing costs have been paid and you’ve received the keys, marking the end of the home buying process. It’s official, you are a homeowner. Congratulations!
While home ownership comes with undeniable rewards, it also comes with newfound responsibility that often includes unexpected costs. Unlike the previous property you rented, lawn care, home maintenance, property taxes and homeowner’s insurance will now fall on you, the homeowner.

A common misconception is that your mortgage payment will cover the cost of your home each month, but cheap nfl jerseys that’s not the case. In fact, you the mortgage payment is just one portion of your homeownership costs. A budget can help you determine exactly how much you should plan to spend on your home each month, and prevent a situation in which you are spending a majority of your income on your home.


Your budget should include the following expenses:
  • Property taxes… If not included in the mortgage payment
  • Home maintenance
  • Emergency funds

Add all of the above together with your monthly mortgage payment to determine your true cost of living. Knowing this amount prior to purchasing a home will help alleviate stress and anxiety that comes with unexpected home maintenance. We’ll discuss how much you should budget for each of películas, these costs below.

Ownership costs to plan for
Property Tax

Property tax is an annual tax based on the market value of your home. Depending on the loan program you chose when purchasing your home, the lender may require the establishment of an escrow account to pay your property tax bill.  If so, the lender will then collect one-twelfth of the total amount each month, along with your mortgage payment, in order to pay the annual tax bill.

Should you choose to pay the property tax on your own, it lang would be wise to set aside one-twelfth of the total bill in a separate bank account every month. us! That way, you’ll have the funds readily available when the annual tax bill is due.

Home maintenance

As a new homeowner, you will also be responsible for maintaining your house and yard, including repairing any damages as well as regular wear and tear.  The average homeowner spends roughly 1.5 percent of their home value on maintenance per year. For example, if your house is $200,000, you might anticipate spending $3,000 on home maintenance annually. Because of this, it is also wise to deposit one-twelfth of this amount into a separate home maintenance fund every month.

Emergency Funds

Although we don’t often plan for them, emergencies are bound to happen. Creating a reserve of funds specifically for an emergency is critical and must be taken into account when developing a budget. If you were to get laid off or become too ill to work, would you have enough funds in savings to make at least three mortgage payments? Having world! a three month cushion will allow you the stress-free feeling of independence in the event you experience any life changes. This amount should equal three times your monthly salary.

Remember, your mortgage payment is not the only cost to consider when purchasing a home. Based on your chosen property, determine the right amount to save each month in order to cover your property tax, home maintenance and all bills for three months in case of an emergency. Although this can seem like a lot to take in, remember you now have equity in your home and gain more with each mortgage payment!

Author: Brandon De Young, President of De Young Mortgage

Rates are dropping, but should you refinance your home?

Factors to consider before you decide if refinancing is for you. 

blog-mortgage-calcAs mortgage interest rates reach record lows, many homeowners are considering the benefits of refinancing. Whether in search of a lower monthly payment or a shorter loan period, the extremely low interest rates we are currently experiencing doesn’t necessarily mean that a homeowner should automatically refinance.

Monthly savings is only one factor to consider. Borrowers should also determine the cost of the refinance transaction, the current equity of the home and other pertinent details before making the decision, like the cost to apply for the loan.

Benefits of Refinancing

Homeowners refinance for a variety of reasons, but usually they do so to achieve a lower interest rate and lower payment.  Additional benefits to refinance are as follows:

  • To convert an adjustable-rate mortgage (ARM) to a fixed-rate mortgage
  • To withdraw home equity as cash
  • To cancel monthly mortgage insurance
  • To convert from a 30-year to a 20, 15 or 10-year loan.

Factors to consider before refinancing

If you can lower your interest rate and payment, it may be worth refinancing.  Consider this: A homeowner with a large balance can reduce monthly costs by dropping their rate just 0.25%. However, someone with a very small loan balance may need to reduce their rate 2-3% before seeing enough savings to justify a refinance transaction.

Closing costs should also be taken into consideration when making the final decision to refinance. If you can save $100 per month in your payment, but it will cost you $5,000 to do so, the time to recoup the cost would be 50 months. That’s more than four years! Unless you plan on being in your home for at least that long, it may not make sense to refinance. However, if your closing costs are $3,000, but you are saving $200 per month, you would recoup the cost of the transaction in just 15 months. Decide how long you plan to be in your home and determine if the value equates to the cost of refinancing.

Additionally, refinancing can sometimes cost you absolutely nothing. If so, it is usually a good idea to do so, even if you’re only saving a fraction of what you currently pay each month.

With exception of a few loan programs, lenders will verify that you have at least a minimal amount of equity to allow a refinance. Generally, the more equity you have in your home, the easier it is to refinance. Therefore, your appraisal must come in higher than the amount of equity you have, and sometimes a low appraisal can be the reason a refinance falls through.
To learn more about refinancing and if it is the best option for you, contact De Young Mortgage at 559.420.7868.

Author: Brandon De Young, President of De Young Mortgage

This is not an offer for extension of credit or the commitment to lend. All loans must satisfy company underwriting guidelines. Information is subject to change at any time and without notice. Casey McDaniel, CA Bureau of Real Estate Real Estate Broker License # 01982326 NMLS Lic. # 1151413. Brandon De Young, CA Bureau of Real Estate Real Estate Broker License # 01922771 NMLS Lic. # 1029435. Jerry De Young, CA Bureau of Real Estate Real Estate Broker License # 00524649 NMLS Lic. # 293347. De Young Mortgage, Inc. NMLS #1026010. De Young Mortgage, Inc. CA Bureau of Real Estate Real Estate Broker License #01926671.