James Vang, Mortgage Lender NMLS #1396879

06/04/2024

🏡 It’s down payment assistance season🏡 There's a lot of these programs and they're all different, but one thing many of them have in common is they are hard to qualify for because they have strict and complicated guidelines.

Here's TWO new programs that DO NOT have these complicated, more restrictive guidelines:

𝟏. 𝐅𝐢𝐫𝐬𝐭 𝐆𝐞𝐧𝐞𝐫𝐚𝐭𝐢𝐨𝐧 𝐁𝐮𝐲𝐞𝐫 - 𝐟𝐮𝐥𝐥𝐲 𝐟𝐨𝐫𝐠𝐢𝐯𝐞𝐧, 𝐮𝐩 𝐭𝐨 $𝟑𝟐,𝟎𝟎𝟎
You’re a first generation buyer if you and your parents/legal guardians have not owned a home in any country OR if your parents/legal guardians have owned a home, they lost it through foreclosure.

Funded with $100,000,000 from the State of Minnesota and is expected to last 2-3 years (but I’m betting funds will run out sooner).

‼️This program does not have strict guidelines BUT it does have a long application/approval process that needs to be completed 𝒃𝒆𝒇𝒐𝒓𝒆 you look at homes, so contact me ASAP to start‼️

- MUST be a Minnesota resident
- Assistance is 10% of the purchase price, up to $32,000
- Assistance is FULLY FORGIVEN over a period of five years.
- $124,200 income limit for the 11-county Twin Cities metro
- Can come out of pocket $0 to buy a home

𝟐. 𝐅𝐢𝐫𝐬𝐭 𝐓𝐢𝐦𝐞 𝐁𝐮𝐲𝐞𝐫 𝐀𝐍𝐃 𝐑𝐞𝐩𝐞𝐚𝐭 𝐁𝐮𝐲𝐞𝐫 - 𝐮𝐩 𝐭𝐨 $𝟏𝟓,𝟎𝟎𝟎
NO requirement to be a first time homebuyer. Follows conventional loan guidelines, NO complicated guidelines. This assistance is NOT Forgiven and has to be repaid.
- NO income limit for first time buyers
- $98,960 income limit for repeat buyers in the Twin Cities metro area
- Assistance is 3% of the purchase price, up to $15,000

DM me here
Call: 651-661-6180
Email: [email protected]
Apply Online: jamesvang.com

05/24/2023

Ready to own your own home? I can help! The purchase process isn't as complicated as you might think. I can get you into your dream home with my fast and easy process. Call today!

03/31/2023

If you're thinking of buying a home in the near future, attend our free first time buyer seminar! You'll learn everything you need to know about the current market and receive vouchers for a free home inspection and appraisal.

You'll get all your questions answered at our first time buyer seminar tomorrow. We'll talk about the basics of buying a home, how to qualify, and what to expect.

Register at: https://www.eventbrite.com/e/first-time-home-buyer-tickets-592998834477?fbclid=IwAR3GzWrcO5tTIulNUKApgMEk4GjccsCeTSCUm2l0jLZCdCxDlg7VCQS9d6w

📍 𝑭𝑰𝑹𝑺𝑻 𝑻𝑰𝑴𝑬 𝑯𝑶𝑴𝑬 𝑩𝑼𝒀𝑬𝑹 𝑺𝑬𝑴𝑰𝑵𝑨𝑹! 📍

Come join Your Home Team & Welcome Home Loans for the First Time Home Buyer Seminar on 𝐀𝐩𝐫𝐢𝐥 𝟏𝐬𝐭, 𝟐𝟎𝟐𝟑 𝐟𝐫𝐨𝐦 𝟏𝟏𝐚𝐦-𝟏𝐩𝐦!

This event is for you if:
- You are thinking about buying within one year
- You want to educate yourself before buying
- You want to know about the process or currently in the process
- You want to know about loan options

The most important thing when it comes to buying a home is the upfront education.

𝑳𝒖𝒏𝒄𝒉 𝒊𝒔 𝒑𝒓𝒐𝒗𝒊𝒅𝒆𝒅 - 𝒑𝒍𝒆𝒂𝒔𝒆 𝑹𝑺𝑽𝑷!

✅𝐁𝐎𝐍𝐔𝐒: All attendees will get certificate for a free appraisal and free inspection or $500 off your closing costs ‼️

To register: https://www.eventbrite.com/e/first-time-home-buyer-tickets-592998834477

01/12/2023

Hello friends! After 7 years in the mortgage industry, I've started my own shop! Thank you to all partners, family, friends, and mentors that's made this possible. I look forward to strengthening our relationship this year.
To celebrate this launch, I am giving away Vikings playoff tickets! Click the shared post for details on how you can enter and please like the new business page. Thank you for the love and support 💜

11/29/2022

❗🏡 𝗡𝗲𝘄 𝗰𝗼𝗻𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝗹𝗼𝗮𝗻 𝗹𝗶𝗺𝗶𝘁𝘀 𝗳𝗼𝗿 𝗙𝗮𝗻𝗻𝗶𝗲 𝗠𝗮𝗲 𝗮𝗻𝗱 𝗙𝗿𝗲𝗱𝗱𝗶𝗲 𝗠𝗮𝗰 𝗺𝗮𝘆 𝗵𝗲𝗹𝗽 𝘆𝗼𝘂 𝗾𝘂𝗮𝗹𝗶𝗳𝘆 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗵𝗼𝗺𝗲! 😀

Today's news means you may be able to qualify for 𝗺𝗼𝗿𝗲 𝗵𝗼𝗺𝗲 𝗮𝘁 𝗮 𝗹𝗼𝘄𝗲𝗿 𝗿𝗮𝘁𝗲, because a "conforming" loan often has a better rate than a "jumbo" loan that you would normally need for higher mortgage amounts.

The conforming loan amount is going from $647,200 to $726,200 in 2023. Some areas of the country qualify for even higher limits, sometimes as high as $1,089,300!

👉 𝗜𝗳 𝘆𝗼𝘂'𝗱 𝗹𝗶𝗸𝗲 𝘁𝗼 𝗸𝗻𝗼𝘄 𝗵𝗼𝘄 𝘁𝗵𝗮𝘁 𝗮𝗳𝗳𝗲𝗰𝘁𝘀 𝘆𝗼𝘂, 𝗹𝗲𝘁 𝗺𝗲 𝗸𝗻𝗼𝘄 𝗮𝗻𝗱 𝗜'𝗹𝗹 𝗯𝗲 𝗴𝗹𝗮𝗱 𝘁𝗼 𝗴𝗼 𝗼𝘃𝗲𝗿 𝗶𝘁 𝘄𝗶𝘁𝗵 𝘆𝗼𝘂.

𝗥𝗲𝗺𝗲𝗺𝗯𝗲𝗿, 𝗶𝗳 𝘆𝗼𝘂'𝗿𝗲 𝘁𝗵𝗶𝗻𝗸𝗶𝗻𝗴 𝗼𝗳 𝗯𝘂𝘆𝗶𝗻𝗴 𝗮 𝗵𝗼𝗺𝗲 𝗼𝗿 𝗿𝗲𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴, 𝗜'𝗺 𝗵𝗲𝗿𝗲 𝘁𝗼 𝗵𝗲𝗹𝗽.

11/28/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟮𝟴, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘄𝗲𝗿𝗲 𝘂𝗻𝗰𝗵𝗮𝗻𝗴𝗲𝗱 👍
With traders taking the second half of the week off, average mortgage rates ended last week's holiday shortened week at basically the same level as the previous week.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗿𝗲𝗺𝗮𝗶𝗻 𝗹𝗼𝘄 𝗯𝘂𝘁 𝗰𝗼𝘂𝗹𝗱 𝘀𝗲𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆 👍
There are two economic reports this week that could affect mortgage rates, the PCE inflation report and jobs data. It isn't too likely that we will get any surprises on the reports that could push rates significantly higher or lower, but we could see some smaller movement. The overall outlook though is still good for rates, and that rates should remain stable heading into next month's Fed meeting.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: On Thursday we will get the Fed's favorite gauge of inflation, the PCE inflation report. If it shows inflation is decreasing, like we saw with the CPI inflation report a couple of weeks ago, it could help mortgage rates remain at these levels or move slightly lower. On Friday we will get jobs data, and a strong report could pressure rates, while a weaker report could help mortgage rates.
- The Fed: Fed Chair Jerome Powell is speaking on Wednesday, and is expected to confirm a slower pace of future Fed rate hikes, which is good for rates.

11/21/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟮𝟭, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘄𝗲𝗿𝗲 𝘂𝗻𝗰𝗵𝗮𝗻𝗴𝗲𝗱 👍
After dropping significantly the previous week, average mortgage rates last week were basically unchanged, and moved very little day to day despite economic and job data that showed the economy remains resilient and is not yet slowing down. Often strong data like we saw would have turned into slightly higher mortgage rates, but didn't this time.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗿𝗲𝗺𝗮𝗶𝗻 𝗻𝗲𝗮𝗿 𝘁𝗵𝗲𝘀𝗲 𝗹𝗲𝘃𝗲𝗹𝘀 👍
This week, mortgage rates are likely to remain at or near the current levels through the holiday shortened week, with very little going on in the markets to cause much concern.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: The only day that we have any significant economic data is Wednesday, but rates shouldn't be largely affected.
- The Fed: Mortgage rates are reacting to the speculation of when and how much the Fed will hike policy rates to end 2022 and into the meetings in 2023. The minutes from last month's Fed meeting come out on Wednesday, but aren't expected to cause any surprises for rates.
- Thanksgiving: Markets will be closed Thursday and will close early on Friday. Most lenders will do the same, and rates are not likely to move between Wednesday and the following Monday.

11/14/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟭𝟰, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝗱 👍
Average mortgage rates improved significantly last week ahead of the Veterans Day holiday weekend, when the CPI inflation report came out showing inflation had decreased much more than was expected. Last week we said "only a surprisingly big drop in inflation would support rates improving", which is exactly what happened. We were concerned the report could have actually pushed rates higher, so this was a welcome surprise.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗵𝗼𝘂𝗹𝗱 𝗿𝗲𝗺𝗮𝗶𝗻 𝗹𝗼𝘄𝗲𝗿 👍
This week we expect mortgage rates to hold onto the improvements we saw from last week, the first significant rate improvements we have seen in months. However, markets have proven to be volatile the last few months, so it is suggested you stay in close contact with your mortgage professional about your unique situation in case that changes.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: Wholesale inflation data on Tuesday could play a small role in mortgage rates this week, and although we will get housing data this week it isn't likely to affect rates.
- The Fed: We will have more Fed members speaking this week, and if they signal higher Fed policy rates are likely we could see some adverse effect on mortgage rates.

11/07/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗡𝗼𝘃𝗲𝗺𝗯𝗲𝗿 𝟳, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗿𝗲𝗽𝘁 𝗵𝗶𝗴𝗵𝗲𝗿 👎
Average mortgage rates moved higher last week when Fed Chair Jerome Powell signaled that the Fed is likely to raise the policy fed funds rate higher in 2023 than was expected. Although Powell said that future rate hikes will come in smaller increases, it was the outlook of a higher end rate that caused mortgage rates to worsen last week.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗺𝗼𝘃𝗲 𝗵𝗶𝗴𝗵𝗲𝗿 👎
This week we will get the October CPI consumer inflation data, which could pressure mortgage rates to move higher. Expectations are that inflation will show some signs of decreasing, but unless this report shows inflation has moved significantly lower, it will be perceived to support the higher Fed rate hiking and is not good for mortgage rates. Only a surprisingly big drop in inflation would support rates improving this week, which is risky to hope for.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: There is not a lot of data this week, but the CPI inflation data on Thursday is a big report and could cause a shake up in rates. Strong inflation data will hurt mortgage rates.
- Veterans Day: Markets will be closed Friday, as will be many lenders. Lenders tend to set rates more conservatively over long holiday weekends as well.

10/31/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟯𝟭, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝗶𝗺𝗽𝗿𝗼𝘃𝗲𝗱 👍
Mortgage rates improved for the first time in weeks last week, mainly due to market speculation that the Fed would "pivot" - meaning the Fed would ease back on the next few rate hikes and hike in smaller increments, and ultimately stop with rates lower than was previously expected. Mortgage rates react early to expected Fed moves, so this helped mortgage rates to improve for the week.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗯𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗲 ⚠️
The Fed meets this week and will make their policy statement on Wednesday at 2pm ET, with a press conference from Fed Chair Jerome Powell to follow at 2:30pm ET. It is expected the Fed will raise policy rates by .75% at this meeting, but all focus will be on any signals of the next moves at the December and February meetings. If expectations are that the Fed will slow down on rate hikes, that could be good for rates. If not, we could see rates suffer.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: We will get jobs data on Friday, which could cause more rate volatility depending on how the week plays out.
- Overseas Central Banks: The Bank of England will meet on Thursday, and we could see some early morning rate volatility depending on how markets react to their moves.

10/24/2022

🏡 𝗙𝗼𝗿 𝘁𝗵𝗲 𝘄𝗲𝗲𝗸 𝗼𝗳 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟮𝟰, 𝟮𝟬𝟮𝟮

𝗥𝗲𝗰𝗮𝗽 𝗼𝗳 𝗹𝗮𝘀𝘁 𝘄𝗲𝗲𝗸: 𝗥𝗮𝘁𝗲𝘀 𝘀𝗹𝗶𝗴𝗵𝘁𝗹𝘆 𝗵𝗶𝗴𝗵𝗲𝗿 👎
Mortgage rates moved higher last week, although not by much, as markets continued to prepare for the Fed to raise policy rates at the next few meetings heading into 2023.

𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗥𝗮𝘁𝗲 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁: 𝗥𝗮𝘁𝗲𝘀 𝗰𝗼𝘂𝗹𝗱 𝗯𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗲 ⚠️
Mortgage rates could make sudden, big moves this week as data comes out on consumer spending and inflation. Traders will be looking for signs on what the Fed will do after next week's meeting, since a .75% fed funds rate hike is already expected. Next week will also be volatile because of the scheduled Fed meeting and press conference, making it a good time to discuss your unique situation with your mortgage professional and deciding if locking a rate would be a good option for you if available.

🗓️ 𝗪𝗵𝗮𝘁'𝘀 𝗮𝗳𝗳𝗲𝗰𝘁𝗶𝗻𝗴 𝗿𝗮𝘁𝗲𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸:
- Economic data: This week has quite a bit of data, as well as a few Treasury auctions. Tuesday's consumer confidence data and Thursday's durable goods orders could play a roll in rates for the week, but Friday's PCE inflation report will have the most impact on rates.
- Overseas Central Banks: The European Central Bank meeting is on Thursday and the Bank of Japan's meeting is on Friday. Their moves to curb overseas inflation could affect rates here this week.