All posts by Jasmine Arroyo

Conforming Loan Level Increases to $766,550

February 22, 2024Jasmine Arroyo

Conforming Loan Level Increases to $766,550

Updated – 02/22/24

With an ever-changing real estate market, the Federal Housing Finance Agency has once again increased Fannie Mae and Freddie Mac’s loan limits, by offering conforming loans up to $766,550 for a single-family home in the Central Valley. What does this mean? This new limit means some qualifying borrowers may be able to qualify for conventional pricing with lower interest rates rather than relying on a jumbo mortgage, which typically have more stringent criteria. Bottom line, the increase to the maximum conforming loan amount gives purchasers and refinance borrowers expanded access to mortgage credit at lower rates. In terms of raw dollars, this is the biggest leap in the conforming loan limit history, bumping it by more than $75,000.

Here at De Young Mortgage, we see this as an opportunity to assist more clients with a conventional mortgage at lower interest rate. Let one of our dedicated Loan Officer professionals review your income, savings, liquid assets and debt situation then thoroughly review the various mortgage rates and options available to you.

Ready to get started? Click here to complete the online De Young Mortgage Pre-Qualification form today!

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. 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.

De Young Mortgage Celebrates 10 Years of Making Homeownership a Reality!

March 9, 2023Jasmine Arroyo

De Young Mortgage is excited to celebrate being in business for 10 years! This last decade approached us quickly, and we’ve enjoyed helping families in California finance the American Dream of home ownership. De Young Mortgage, a local Central Valley home mortgage broker, is a one-stop financing resource for all homebuyers and homeowners, which aims to make the home loan process both simple and satisfying.

“We are so excited to reach the 10-year milestone for De Young Mortgage! It means a great deal to us to have helped so many families in the Central Valley not only purchase, but finance, their dream homes,” said Brandon De Young, President of De Young Mortgage. “With a home being the most significant purchase of one’s life, we take this responsibility very seriously. To know so many families have trusted our amazing team of professionals to be their financing source is very humbling.”

De Young Mortgage was created in 2003 with the goal to streamline the process of obtaining a home loan – making the experience simple, convenient and as stress-free as possible. Now, 10 years later, De Young Mortgage is expanding to offer its financing resources to the broader community.

“Our loan officers have over 50 years of combined experience in the real estate and financing industries, providing the expertise and high level of service homebuyers want and need. We continue to offer a tailored experience to ensure each customer receives the perfect financing for their unique needs. We’re grateful for the wonderful feedback we have received from our customers throughout the years for our approach and performance,” continued Brandon.

At De Young Mortgage, its team of dedicated professionals are able to help with resale home loans, loan refinancing, home equity lines of credit or home equity loans and more. With a range of great lender partners, the loan products De Young Mortgage offers cover a wide spectrum of customer financing needs.

“We are very proud that our mortgage team has helped families navigate the process of obtaining a loan to achieve the American Dream of home ownership,” said Jerry De Young, CEO and Founder of De Young Mortgage. “De Young Mortgage has financed over 1,500 loans for families in the last decade, a number we are focused on growing in the future.”

With years of combined experience, mixed with our high level of customer service and a home loan process both simple and satisfying, it comes to no surprise that De Young Mortgage was voted no. 1 as Best Mortgage Company in The Fresno Bee Best of Central California 2022 People’s Choice Awards!

Let De Young Mortgage guide you home! Click here to learn more and to schedule an appointment with a De Young Mortgage Loan Officer.

How De Young Mortgage Can Help You

November 10, 2022Jasmine Arroyo

Since 2012, De Young Mortgage has been helping families finance the American Dream of home ownership.

De Young Mortgage is a one-stop financing resource for all homebuyers and homeowners, and not just those looking to purchase a home from De Young Properties.

Our team of professionals makes the home loan process both simple & seamless, whether you’re a first-time buyer or a homebuying pro.

De Young Mortgage Can Help You With:

Financing the construction of a new home or investment property
Purchasing a resale home
Refinancing an existing loan

Let De Young Mortgage guide you home! Click here to learn more and to schedule an appointment with a De Young Mortgage Loan Officer.

De Young Mortgage Is Honored To Be Voted #1 Mortgage Company

May 23, 2022Jasmine Arroyo

De Young Mortgage is proud and excited to announce that we have been voted as the first-place award recipient for Best Mortgage Company in The Fresno Bee Best of Central California, The People’s Choice Awards! The award is an annual honor given to three businesses per category by the Fresno Bee based on votes from the community.

“We are very proud of the invaluable relationships we have built with our clients to be voted the region’s number one mortgage company,” said Brandon De Young, President of De Young Mortgage.

This is De Young Mortgage’s fourth time being recognized as a People’s Choice Award recipient for Best Mortgage Company.

Let De Young Mortgage Guide You Home

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 VA, Conventional, FHA, USDA, 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 lender underwriting guidelines. Information is subject to change at any time and without notice.

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

April 26, 2020Jasmine Arroyo

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.

“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.

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

February 11, 2020Jasmine Arroyo

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.

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.

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!

February 3, 2020Jasmine Arroyo

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!

May 14, 2019Jasmine Arroyo

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

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.

Looking For Your Dream Home?

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

April 3, 2019Jasmine Arroyo

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!

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.