Peoples Mortgage Co

Refinance Programs from Fannie and Freddie Expand Refi Reach To More Homeowners

2021-12-29T14:45:05-07:00December 29th, 2021|Newsletter, Peoples Mortgage Co|

Both Fannie Mae and Freddie Mac have rolled out refinance programs to help low- to moderate-income households take advantage of lower mortgage rates. Borrowers whose income does not meet the area’s median income thresholds could still be eligible if they can meet some other requirements. Launched in June by Fannie Mae, the RefiNow program targets [...]

Updates on Lending

2021-11-30T20:49:08-07:00November 29th, 2021|Newsletter, Peoples Mortgage Co|

FHA Loan and How Much of the Student Loan Effects your Debt-to-Income Ratio Each type of loan views student loans in a different light. Earlier this year, FHA changed the way they view student loans which helped people in their qualifications dramatically. They now mirror how Freddie Mac views student loans. If the loan is [...]

Updates on Lending

2021-11-30T20:47:50-07:00November 1st, 2021|Newsletter, Peoples Mortgage Co|

Unique Properties and Properties with Solar The weather is starting to cool off and interestingly enough, I have been getting numerous inquiries about unique properties. Most unique properties are going to be fine to obtain lending on and this month I wanted to cover two popular types of unique properties. Mixed Use Properties Fannie Mae [...]

Two Different Niche Loan Products…

2021-11-16T14:34:46-07:00August 31st, 2021|Newsletter, Peoples Mortgage Co|

…with One that INVESTORS will Love School is starting, inflation is affecting everyone, and who knows what the hell is going on! There is a weird feeling in the air, but when it comes to Arizona it’s a better feeling than other states. We continue to see an influx of people moving to Arizona for [...]

Qualifying Non-Taxable Income

2021-11-16T14:35:38-07:00July 29th, 2021|Newsletter, Peoples Mortgage Co|

With the Arizona market being as hot as it is, it is essential that your loan officer know every little aspect of qualifying, the loan process, or fast turn times. This is important in order to give a potential buyer even the slightest upper edge against the others. Many don’t know that with certain types [...]