Dmitriy Oterin Loan Officer NMLS ID #625363

05/23/2024

Mortgage applications fell 1.9% this week - are you keeping your eye on the housing market? I am! Reach out with any questions, i'm here to help.

05/20/2024

📢 Calling all Citizens Private Client™ customers - you may be eligible for mortgage interest rate discounts!

Contact me to learn more about Citizens Private Client™ mortgage relationship pricing.

05/17/2024

If you're hoping to purchase soon, you may be wondering how much home you can afford in the current rate environment. I would love to run the numbers with you and help you understand your financing options, my door is always open.

05/16/2024

Spring has finally sprung - home applications are up as mortgage rates continue to fall for the third week in a row!

Mortgage rates fell for the third straight week and applications to purchase a home increased by the most in five weeks, in a promising sign for a housing market that has stalled out as mortgage rates edged towards 8%.

05/13/2024

You have numerous mortgage loan options to consider when purchasing a home. There are certain instances where an interest-only loan may be a good fit, such as:

✅ You need additional cash flow for other expenses or to pay off debt
✅ You are purchasing the home as a short-term investment
✅ You plan to refinance after a short period of time
✅ You are only paid a few times a year on commission
✅ You expect to have a substantial salary increase in the coming years
✅ You expect to come into money before the interest-only period ends

Contact me to learn more about interest-only loans and to discuss your specific home buying needs.

05/08/2024

The Citizens Destination Home +™ program supports the homebuying process and beyond. Through the program, Citizens leverages its suite of affordable lending programs to help first-time homebuyers achieve their dream of homeownership. We also support borrowers and underserved communities through education, financial planning, and ongoing assistance to help them successfully manage the financial obligations of owning a home.

Contact me to learn more about this program and how you may qualify.

Realtors and builders: let’s connect and discuss how your customers may qualify!



Citizens Destination Home +™ is available in specific markets within our footprint and is limited to owner-occupied principal residences. At least one borrower must qualify as a first-time homebuyer and is required to complete the homebuying education program. Borrower income limits and property location restrictions apply. Subject to availability of program funds.

Citizens offers a closing cost and down payment assistance program to qualified borrowers. Borrower income limits, borrower asset limits and property location restrictions apply. Subject to availability of program funds. Subject to program cancellation at any time. Other restrictions apply. Grant funds may have tax implications and Citizens may issue an IRS Form 1099-M. Grant recipients should consult with a tax advisor.

05/06/2024

Have you heard of a jumbo loan?

A jumbo loan allows you to purchase a home that exceeds the federal loan limit of a traditional (conforming) loan. Jumbo loans can be used for primary residences, investment properties and vacation homes. Rates, requirements, and underwriting guidelines differ from that of a traditional loan.

I’d be happy to walk you through the details! Feel free to direct message me to learn more and to explore your home loan options!

05/02/2024

There's new opportunity in new construction - are you paying attention as the price gap between existing homes for sale and new builds are narrowing?

04/29/2024

https://www.cnn.com/2024/04/23/economy/new-home-sales-march/index.html

Sales of newly built single-family homes in the United States soared in March despite mortgage rates remaining elevated that month.

04/25/2024

Innovation is at the heart of everything we do here at Citizens, and for the first time, our Citizens Mortgage Servicing Team has been selected as the winner of the prestigious ICE Innovation Award for Best Use of Data to Drive Automation. Our team was chosen for their commitment to exceeding expectations in discovering innovative ways to grow and meet customer needs.

Citizens worked with the mortgage technology division of Intercontinental Exchange (NYSE:ICE) in developing an intelligent call prediction system for the customer contact center. This technology, which rolled out in June, helps our agents have more effective conversations with customers and be more efficient with their time by reducing the length of servicing calls and delivering a better customer experience.

Congratulations, team!

Learn more about the award: https://www.icemortgagetechnology.com/blog/announcement-2024-ice-innovation-award-winners