Tag Archives: home mortgage

De Young Mortgage Is Hosting A FREE Homebuyer Financing Workshop – Saturday, June 29!

Join De Young Mortgage’s Free Homebuyer Financing Workshop: Your Guide to Financing Your New Home!

Are you dreaming of owning your own home but unsure where to start? De Young Mortgage is here to help! We’re excited to announce our FREE Homebuyer Financing Workshop, “The Roadmap to Financing Your New Home,” on Saturday, June 29, 2024. This event is designed to provide you with important information and tools to make your homeownership dreams a reality.

SEATING IS LIMITED: RSVP HERE and let us help you unlock the door to your new home!

Event Details:

Date: Saturday, June 29, 2024

Time: 10:00 AM – 12:00 PM

Location: De Young Properties Corporate Office, 677 W Palmdon Ave, Suite 208, Fresno, CA 93704

Why Attend?

Free Snacks & Refreshments: Enjoy a delicious morning snacks assortment and refreshments on us!

Prizes: Each attendee will have a chance to win a $15 Gift Card to Axxis Coffee Bar + Eatery at Tesoro Viejo.

Expert Insights: Gain valuable knowledge from our qualified De Young Mortgage Loan Officers.

Personalized Loan Assessment: Receive a free personalized loan assessment and roadmap to homeownership.

Free Pre-Approval Screening: Benefit from a pre-approval screening without impacting your credit score.

 

Event Topics:

Introduction to Home Ownership: Learn the essentials every homebuyer should know. We’ll cover various loan types including Conventional, FHA, VA, USDA, and NON-QM loans.

Choosing the Right Loan: Discover which loan type suits your needs, whether you’re looking at investment properties or a primary residence. We’ll discuss loan limits, down payment requirements, interest rates, and closing costs.

Qualifying for a Loan: Understand the criteria for loan qualification, including credit scores, co-signers, income requirements, and the cash needed for down payments and closing costs.

Q&A Session: Have your specific questions answered by our expert Loan Officers.

RSVP NOW!

Seating for this free event is limited, so we encourage you to RSVP as soon as possible to secure your spot. This is a unique opportunity to gain the knowledge and confidence you need to navigate the home buying process.

Important Information:

Eligibility: Must be 18 years or older to attend.

Disclaimer: Free pre-approval screening is valid for all attendees and will not negatively impact your credit score. The offer for a free personalized loan assessment is valid for one week from the date of the presentation.

Don’t miss out on this invaluable opportunity to take the first step towards owning your dream home. Join us at De Young Mortgage’s Homebuyer Workshop and start your journey with confidence and clarity.

 

*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.

Meet Tim O’Hare: De Young Mortgage Loan Officer

 

Meet our newest Mortgage Loan Officer, Tim O’Hare of De Young Mortgage, affiliate of De Young Properties! Tim has an extensive background within the lending and mortgage lending industry for over 35 years.

“I am very excited to be part of the De Young Mortgage team,” says Tim O’Hare, Mortgage Loan Officer. “I truly feel the spirit here that we are all a part of a team that is ready and willing to help our buyers through a great experience and make their journey to homeownership special.”

Tim grew up in a small-town named Porterville and moved to the big city of Fresno to attend college and has been here ever since. He attended school at Fresno State where he graduated with a Business Administration degree with a Management and Marketing option.

Tim started in the lending industry with a consumer finance company specializing in making small personal loans, auto loans and second mortgage loans. He found a love for lending immediately as he found great satisfaction in being able to help people in a tough spot with a personal loan or assistance in their mortgage needs. Later, Tim moved into mortgage lending only to truly love being able to make the dream of homeownership a reality for homebuyers.

“It has been a pleasure to work alongside Tim within De Young Mortgage,” said Brandon De Young, President of De Young Mortgage. “His expertise, enthusiasm, and fresh perspectives will undoubtedly contribute to the success of our customers!”

When Tim is not in the office helping people achieve their goals of homeownership, he’s enjoying his free time playing golf, watching sports, trying new recipes on his Traeger BBQ, walks in the morning or traveling.

The Right Financing For You

Everyone has a general idea of what price range they can afford. However, when you meet with a De Young Mortgage Loan Officer and communicate your financial portfolio, regardless of its size, most people are pleasantly surprised about just how much house they can actually qualify to purchase.

Contact us today to learn more about:

  • Pre-qualifying
  • Purchasing power
  • Competitive rates & fees

Contact us to get started! Finding the perfect home is only part of building the American Dream. Financing it is the other. With years of experience, De Young Mortgage remains committed to providing affordable homeownership. For more details, visit DeYoungMortgage.com.

Conforming Loan Level Increases to $766,550

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.

Realtor.com Launches the #MissionZero Campaign to Educate Veterans of VA Home Loans

 

Though numerous Veterans know about their eligibility for Veterans Affairs (VA) home loan benefits, which aim to facilitate homeownership as a recognition of their service, just 3 in 10 are aware they can use that benefit to buy a home with a zero-down payment, according to a new national survey of veterans and active-duty members.

To help educate service members, an alliance of real estate, media, mortgage, and veteran service organizations are launching the #MissionZero campaign, aims to provide essential information and support to those who are serving or have served our nation, helping them achieve the American Dream of buying a home with 0% down.

“After nearly eight decades of helping veterans and military families buy homes and build generational wealth, the VA loan benefit is more important than ever,” says Nathan Long, CEO of Veterans United. “The #MissionZero campaign helps highlight how VA loans are built to eliminate obstacles and make homeownership more accessible for those who serve. At the same time, they also offer veterans the freedom to choose how and where they invest their savings.”

VA home loans usually provide eligible borrowers with the advantage of zero down payment, greater flexibility in credit terms, and reduced interest rates, simplifying the path to homeownership, particularly for first-time buyers lacking home equity to aid in purchasing a home.

Data on VA loans from Realtor.com shows a greater share of issuance to those with less than perfect credit compared with other loans, making homeownership possible to a wider net of borrowers. In the past year, about 24.8% of home buyers with VA loans fell into the fair credit score category (580-669) compared with 4.7% among conforming loan borrowers.

VA loans also typically have lower mortgage interest rates, which reduces monthly costs. Between October 2022 and September 2023, the average mortgage rate for 30-year fixed-rate VA loans was 6.27%, whereas it was 6.67% for conforming loans.

“VA home loans offer many benefits, especially at times like this when affordability is such a major factor in home purchase decisions. Yet only a small portion of eligible veterans are tapping into the financial benefits they deserve for their service,” says Damian Eales, CEO at Realtor.com. “We owe it to our veterans to ensure they have the information they need to make informed housing decisions. It’s a small way to give back to those who have given so much, and we appreciate our partners for joining us in the cause.” (source: BuilderOnline.com)

VA buyers have up to 100% financing available (some restrictions apply), and up to 6% seller contribution towards closing costs, recurring and non -recurring.

For more details on the #MissionZero campaign, talk to one of our De Young Mortgage Loan Officers today!

Finance Your Dream Home With De Young Mortgage

At De Young Mortgage, we’ll help find you the best rates so you can be on your way to the American dream of homeownership. With years of lending industry knowledge in the Clovis and Fresno area, your De Young Loan Officer will review your income, savings, liquid assets and debt situation then evaluate the various mortgage rates and options available.

Contact us today to learn more about:

  • Pre-qualifying
  • Purchasing power
  • Competitive rates & fees

Start your journey of becoming a homeowner today! For more details, visit DeYoungMortgage.com.

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

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.

Brandon De Young, President of De Young Mortgage

“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

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.

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!

Mortgage Rates

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.