Industry Insights, Trends & Mortgage News
3 Key Advantages of Working with a Local, Independent Mortgage Broker
Posted in Home Buying Tips & InfoPosted by Maple Tree Funding
Many mortgage lenders and banks showcase their low prices and advertise low rates to attract customers. While this is not especially surprising, what IS often surprising to home buyers are the added fees, delays, and other complications of working with a big bank or nationwide lender. These additional expenses and other problems often end up costing home buyers MORE than they had expected. So while big banks and lenders may claim that they are the…
Continue Reading »Understanding the USDA Home Loan Process
Posted in Guide to USDA Home LoansPosted by Maple Tree Funding
USDA home loans offer a number of benefits, which make them a popular option among many of the home buyers we work with. They provide the option for 100% financing, flexible qualification standards, and competitive interest rates, among other advantages. As a result, they are a financing option that gives some who might not meet the qualification standards for other mortgage types the opportunity to purchase a home. Curious about the USDA home loan process?…
Continue Reading »New York USDA Loan Income Limits
Posted in Guide to USDA Home LoansPosted by Shane Latza
As of May 4, 2020, the USDA Rural Development Single Family Housing Guaranteed Loan Program has increased the USDA home loan income limits for all counties throughout the United States, including counties in New York State. While USDA loan income limits do vary based on geographic location and household size, this latest update has increased income limits across the board. Understanding USDA Mortgage Income Limits USDA home loans are intended to assist those with modest…
Continue Reading »Should I Refinance My Home During the COVID-19 Pandemic?
Posted in FAQsPosted by Maple Tree Funding
There is a lot of uncertainty going on right now due to the coronavirus pandemic that’s sweeping our country. Businesses and individuals are being powerfully impacted in ways you might expect – and in unexpected ways as well. The economy is shifting and fluctuating and the nationwide changes we are seeing are like nothing most of us have seen before in our lifetimes. For a number of reasons, with widespread economic uncertainty often comes a…
Continue Reading »USDA Loans for First Time Home Buyers
Posted in Guide to USDA Home LoansPosted by Maple Tree Funding
Purchasing your first home can be an exciting and, in some ways, overwhelming experience. With many mortgage options to consider, one of the most overwhelming aspects of home shopping for first time home buyers is often the process of understanding, evaluating, and selecting the best financing option. For many first time home buyers in rural areas of New York, USDA home loans are an ideal financing option. Considering a USDA mortgage? We review some of…
Continue Reading »