De Young Mortgage Honored as 2020 People’s Choice Award Recipient!

De Young Mortgage is proud to have been honored as a Fresno Bee People’s Choice Award recipient for the third time. De Young Mortgage would like to thank the community for your votes.

De Young Mortgage honored as a Fresno Bee People’s Choice Award recipient for the third time.

“Thank you to the community for this honor. We are grateful to have De Young Mortgage recognized as a top financial resource in Fresno County,” said Brandon De Young, President of De Young Mortgage. “Our team is dedicated to providing quality service and excellent customer experiences. We look forward to continuing to make homeownership a reality for Central Valley residents.”

De Young Mortgage is a one-stop financing resource for homebuyers and homeowners. 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, and VA loans, as well as other additional loan options, and is ready to use their expertise to find the program best suited to the homebuyers needs.

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.

To learn more about De Young Mortgage, visit www.deyoungmortage.com, complete the Mortgage Application Form and a De Young Mortgage Loan Officer will contact you.

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.

Stable Job Market and Low Mortgage Rates Creating Surge in Homebuilding

Stable Job Market and Low Mortgage Rates Creating Surge in Homebuilding

It seems like 2020 could be a big year for home builders. The U.S. market closed out the last month of 2019 with the highest level of new housing projects since 2006. The surge of home starts was even higher than what economists had predicted – by a decent margin. Economists point to the stable job market and low mortgage rates among the factors contributing to this growth. As we head into the new year, buyers and builders alike are optimistic as the market gains momentum.

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How Much Growth, and What Does That Mean?

So, the last month of 2019 saw the highest rate of home groundbreakings in 13 years. How much is it actually growing? According to Bloomberg economists:

  • Single-family homebuilding has risen 11.2%
  • Residential home groundbreakings rose 16.9% (the biggest in three years)
  • Homebuilding permits rose to 3.9% at the end of 2019

The rise of single-family housing is particularly important because this segment has the largest share of the housing market. An 11.2% increase is higher than the U.S. has seen since 2007! And what does all this mean? More homes (often entry-level or “starter” homes) are coming to the market, bringing in new homebuyers and possibly converting renters.

Good News: Rates Are Likely Staying Low

Of course, mortgage rates and housing prices play a critical factor in the market’s growth. When mortgage payments stay affordable, more people can afford to buy a home. There’s good news on that front for 2020: Keeping in line with 2019’s low rates, 2020 is expected to see 30-year fixed mortgage rates around the 3.8% mark. This could lead to more renters making the leap to buying a home.

De Young Mortgage

What’s Ahead

Optimism is growing along with the housing market, which is rising alongside a stable job market and low mortgage rates. Groundbreakings have surged at the start of this new year, prospective homebuyers and renters are taking advantage of the low mortgage rates, and the market is looking good. If you’re looking to buy a new home in 2020, keep an eye on rates and new developments in the coming months.

Mortgage Rates Drop to Lowest Level in Three Months! Now is a Smart Time to Purchase a New Home!

Mortgage Rates Drop to Lowest Level in Three Months! Now is a Smart Time to Purchase a New Home!

If you are planning to purchase a brand-new home or a resale home NOW is the perfect time, as mortgage rates have dropped to the lowest level in three months! The 30-year fixed-rate mortgage averaged 3.60%, which is about a quarter point above all-time lows. Don’t wait until spring to act, lock in your interest rates now!

De Young Properties was recently featured in an ABC30 article, which underlined the impact low interest rates are having on the housing market. The low rates have created an increase in new construction and home sales, with lower interest rates giving buyers greater financial power.

Explore Your Financing Options with De Young Mortgage

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. 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 De Young Mortgage team is sure to find an option suitable for almost anyone.

To learn more about De Young Mortgage,  call (559)420-7868 to arrange an appointment with a De Young Mortgage Loan Officer.

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. De Young Mortgage, Inc. NMLS #1026010. De Young Mortgage, Inc. CA Bureau of Real Estate Real Estate Broker License #01926671.

Looking For Your Dream Home?

Want to take advantage of these low interest rates but haven’t found your dream home yet? Don’t wait any longer to start your new life in a new De Young Properties home! With the unbeatable features and desirable locations matched with these low interest rates, now is absolutely the best time to buy a De Young home.

Whether you are looking for your first home or are a family wanting more room to live and play outdoors, there is a De Young Properties floorplan to meet you unique needs. These De Young SmartHomes provide new homebuyers maximum rewards with generous features and unparalleled quality while still remaining affordable. Each De Young home includes a gourmet kitchen with stainless steel General Electric appliances. Other value added amenities include performance engineered Kohler plumbing fixtures, professional front yard landscaping, and so much more.

Visit a De Young Welcome Center at Shaw & Highlands or Leonard and Dakota in Clovis today!

Low Interest Rates Continue – Today’s A Smart Time To Buy or Refinance!

Low Interest Rates Continue – Today’s A Smart Time To Buy or Refinance!

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Take advantage of low interest rates this spring, making it the right time to make a new home purchase or refinance your home. According to Freddie Mac, fixed mortgage rates rose slightly for the 30-year fixed-rate mortgage averaged 4.24 percent down from the previous week when they averaged 4.29 percent. A year ago this time, the 30-year FRM averaged 4.47 percent. The takeaway – contact De Young Mortgage today.

Explore Your Financing Options with De Young Mortgage

If you were thinking about buying or refinancing a home, now is the time! With low interest rates, financing or refinancing 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 the Central Valley, your De Young Mortgage 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 loan to suit your needs!

What are you waiting for? Take advantage of these increased low interest rates 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 guide you through the lending process.

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. De Young Mortgage, Inc. NMLS #1026010. De Young Mortgage, Inc. CA Bureau of Real Estate Real Estate Broker License #01926671.

Looking For Your Dream Home?

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Want to take advantage of these low interest rates but haven’t found your dream home yet? Don’t wait any longer to start your new life in a new De Young Properties home! With the unbeatable features and desirable locations matched with these low interest rates, now is absolutely the best time to buy a De Young home.

Whether you are looking for your first home or are a family wanting more room to live and play outdoors, there is a De Young Properties floorplan to meet you unique needs. These De Young SmartHomes provide new homebuyers maximum rewards with generous features and unparalleled quality while still remaining affordable. Each De Young home includes a gourmet kitchen with stainless steel General Electric appliances. Other value added amenities include performance engineered Kohler plumbing fixtures, professional front yard landscaping, and so much more.

Mortgage Rates Continue To Drop: Is it time for you to refinance your mortgage?

Mortgage Rates Continue To Drop: Is it time for you to refinance your mortgage?

As mortgage interest rates continue to drop, many homeowners are trying to decide whether or not refinancing is right for them. Refinancing a mortgage means paying off an existing loan and replacing it with a new one. Whether for the opportunity to obtain a lower interest rate, the chance to shorten the term of their mortgage or the desire to consolidate debt, there are many reasons refinancing might be right for you!

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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.

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.

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 by 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. Determining how long you plan to be in your home will help in deciding 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 today for more information at 559.420.7868. You can also complete the online Mortgage Online Application here.

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. De Young Mortgage, Inc. NMLS #1026010. De Young Mortgage, Inc. CA Bureau of Real Estate Real Estate Broker License #01926671.

De Young Mortgage Honored as 2019 People’s Choice Award Recipient!

De Young Mortgage Honored as 2019 People’s Choice Award Recipient!

De Young Mortgage is proud to announce they have been honored with as a Fresno Bee People’s Choice Award recipient for the second time. A Fresno Bee People’s Choice Award recognition is a prestigious annual honor given to three local businesses per category by the Fresno Bee based on votes received from the community. De Young Mortgage is humbled and grateful to the entire the community for their votes in this great honor and for their continued support of the De Young legacy.

“Thank you to the community for this honor. We are grateful to have De Young Mortgage recognized as a top financial resource in Fresno County,” said Brandon De Young, President of De Young Mortgage. “Our team is dedicated to providing quality service and excellent customer experiences. We look forward to continuing to make homeownership a reality for Central Valley residents.”

De Young Mortgage is a one-stop financing resource for homebuyers and homeowners. 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, as well as other additional loan options, and is ready to use their expertise to find the program best suited to the homebuyers needs.

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.

To learn more about De Young Mortgage, visit www.deyoungmortage.com, complete the Mortgage Application Form and a De Young Mortgage Loan Officer will contact you.

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.

 

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!

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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!

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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

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.

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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?

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