Tag Archives: home mortgage

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.

Conforming Loan Level Increases to $625,000

Conforming Loan Level Increases to $625,000

With a bustling 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 $625,000 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 – an almost 14% increase over the previous $548,250 limit. For high-cost areas where single-family home prices tend to be above average, the limit will expand to $822,375.

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.

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.