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 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.
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.
