Peoples Mortgage Co

Two Different Niche Loan Products…

2021-08-31T21:35:42+00:00August 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

2021-07-29T20:52:11+00:00July 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 [...]

Rent to Own

2021-06-30T17:29:42+00:00June 30th, 2021|Newsletter, Peoples Mortgage Co|

A common trend I am seeing is rent to own borrowers now ready to purchase the home they have been in contract on for a couple years. Lucky for them, values have skyrocketed, and they are walking into huge amounts of equity depending on when they started their rent to own contract. Here is an [...]

FHA and Property Flipping

2021-06-01T16:29:32+00:00June 1st, 2021|Newsletter, Peoples Mortgage Co|

Due to the tight inventory market all over the country we are seeing a high number of “flipped” properties in purchase transactions. As a reminder, Fannie, Freddie and VA do not care about flips. FHA does not allow flipped properties. We are receiving numerous contracts on flipped properties with statements from Agents that FHA no [...]

Rumors of Goodbye to Credit Reporting Agencies?

2021-04-30T23:07:34+00:00April 30th, 2021|Newsletter, Peoples Mortgage Co|

With a new administration at the helm, there has been talk of revamping the current three-company approach for credit reporting agencies in order to bridge potential disparate treatment and help eliminate racial bias. There have also been rumblings within the Biden Administration of doing away with the three-bureau approach altogether. Many consumers know that managing [...]