Home Loans By Dave

06/03/2023

While rates continue to be a bit of a roller coaster for buyers, use this "wait and watch" time wisely to improve your credit score.

In today's financial and real estate market, many buyers are adopting a "watch and wait" approach, hoping for a more balanced landscape. This is also an excellent opportunity to improve your credit score while you hit pause. By taking simple steps now, you can enhance your creditworthiness and posit...

05/05/2023

Are you on the hunt for a home under $500K in the Sacramento area?

Check out these top tips from local real estate and lending experts to help you navigate the unpredictable and competitive market!

Plus, get updates on current rate trends and down payment assistance programs.

Our mild, sunny California weather has finally arrived for spring! Below I have put together some financial and real estate market updates about what is happening in our greater Sacramento area. Current Rate Trends & Financial Markets Rates are slowly rising (and sometimes slightly falling) once aga...

03/29/2023

It's been a bit of bumpy ride for financial markets lately. Read about how this affects the greater Sacramento area lending and real estate markets, as well as some practical knowledge about making smart choices with down payment funds.

When you're purchasing a home, it's important to have a solid plan in place for your down payment. A variety of sources are considered acceptable or non-acceptable for down payments.

06/13/2022

“And the inventory of unsold homes at the end of December 2021 dropped to an all-time low of 860,000.”

There are quite a few different pros and cons that come from waiting out the hot housing market. There is a bunch of pressure on people who are trying to buy homes right now as the supply is continuing to dwindle. However, you can’t let the fear of missing out be the driving force for […]

06/11/2022

“The loan has an interest rate of 0%, according to the California Housing Finance Agency.”

There is a new program that was developed in California that will let first time homebuyers borrow the down payment for a house with a 0% interest rate. The program is called the Forgivable Equity Builder Loan and will help provide a loan of up to 10% of the purchase price of the home. Gavin […]

06/07/2022

Many sellers won’t settle (because they don’t have to) for an offer with less than stellar financing support and verification. In many cases, a pre-approval or pre-qualification is simply not enough for sellers to feel confident that a buyer can financially make it to closing.

06/05/2022

“That was the slowest rate of sales since April 2020 during the earliest days of the COVID-19 pandemic, offering respite for buyers that the market is cooling.”

Single-family home sales fell by 16.6% in April to their lowest annualized rate in two years. In addition, March new home sales were revised significantly downward. The chief economist at Fannie Mae said the housing market has turned. Rising mortgage rates – they have gone up by 200 basis points s...

06/03/2022

“Once again, the top origin for those exploring a move here is San Francisco.”

One of the current hot spots when it comes to people looking to buy new homes is Sacramento. The Sacramento area ranked fourth in all of the United States while it just trailed Miami, Phoenix and Tampa. In fact, 43% of the people who are using Redfin to buy a home aren’t even from the […]

05/31/2022

The first-time home buyer has got to be patient. Sacramento and the surrounding areas remain desirable locations and the local market is still warm due to low supply.

In the last couple of weeks, less homes are selling for over asking and more homes have price reductions. Home sales are beginning to slow down from a burning hot market, but it's still warm out there.

05/31/2022

In the last couple of weeks, less homes are selling for over asking and more homes have price reductions. Home sales are beginning to slow down from a burning hot market, but it's still warm out there.

05/29/2022

“Hooper said that for those who have fixed rates that’s wonderful and luckily we don’t have the kind of mortgage products we had prior to the global financial crisis, where there was a resetting that went on after a few years and many couldn’t afford their mortgages.”

It certainly feels that housing prices are out of control. The market is quite hot, and prices are skyrocketing. For the buyers, this means that the process of getting a new abode is quite frustrating. For those going through it for the first time, it can actually be intimidating. Yet, getting a loa...