#home-financing

#home-financing

Assumable mortgages, while offering potential advantages like lower interest rates, are not widely known or utilized for a number of reasons. These include the limited availability of assumable loans (primarily government-backed), the complexities of the assumption process, and the potential for higher upfront costs.

The Energy-Smart DPA program, available with Federal Housing Administration (FHA) financing, helps homebuyers fund energy-efficient upgrades while removing the hurdle of a down payment.

When looking at dollar volume, ARMs represented about 20% of all applications, highlighting a clear shift towards adjustable-rate mortgages as borrowers seek better financial terms.

The partnership with Cornerstone transformed home financing from a potential obstacle into a value-add for our business, providing tailored mortgage solutions and a better experience.

We are excited to bring the Evergreen Home Loans experience to homebuyers and real estate partners in New Mexico, Robert Lipston, executive vice president and head of production at Evergreen Home Loans, said in a statement.