As the economy settles, the forbearance curve flattens and the financial markets become more stable, we are seeing loan programs return. Such GOOD NEWS for our clients.
- Jumbo loans are back for buyers and refinance clients up to an 80% loan to value and a 720 credit score
- CHFA and our other state DPA programs return with NO restrictions! This is the program I am most excited about as we help more people move into home ownership and building wealth.
- Renovations loans are back in full hammer swing!
- Broker loans and Non-QM are slowly returning as well.
All of those first time home buyers did NOT go away! In fact, loan applications for FTHB had a 50% less decline than move-up buyers in April, and are DOUBLE the amount of repeat homebuyers in May. Inventory is low, and demand is high. The housing market is as strong as ever.
