The Penland Team NMLS #216357

11/02/2026

5.0 star review received on Experience.com for Josh Penland by Catherine H - The entire team was wonderful. Great and clear communication. Helpful information. Educated advice. Timely responses. Friendly service. Overall excellent experience!

Click to see all 597 reviews of The Penland Team - Fairway Home Mortgage, Branch Manager & Senior Loan Officer

10/31/2026

Rates can be scary. Getting a mortgage shouldn't be!

This Halloween, don't let mortgage rates frighten you away from buying a home.

Between temporary rate buydowns, seller concessions, different loan programs, and future refinancing opportunities, there may be more ways to make homeownership affordable than you think.

The key is having a plan that works for your budget today while keeping your future options open.

After 23+ years in the mortgage business, I've learned that the right mortgage strategy can make a big difference.

If you're thinking about buying a home, let's run the numbers and explore your options.

Happy Halloween from The Penland Team!

The Penland Team NMLS #216357

10/28/2026

Mortgage pre-approval letters have expiration dates, but that doesn't mean you need to start over when yours expires.

— Josh Penland

Mortgage pre-approval letters expire, but that doesn't mean starting over. Learn how The Penland Team makes it easy to keep your approval current while you sear

10/27/2026

BIG Fannie Mae changes for buyers who want to become landlords or purchase a short-term rental!

If you're buying a new primary residence and want to keep your current home as a rental, qualifying just got easier. Previously, if we needed rental income from your current home to qualify, getting a tenant and signed lease while you were trying to buy the new home could be a major hurdle.

That's changed.

We now are able to use market-supported rent even if the home isn't rented yet to help offset the payment on your current home.

There's also a big change for Airbnb and short-term rental purchases.

On eligible investment properties, we may now be able to use validated STR market data to help qualify without first establishing a rental history. There are reserve and qualification requirements, so every scenario is different.

Thinking about keeping your current home or buying an Airbnb/STR? Send me a DM before you make the offer and let's run the numbers.

The Penland Team NMLS #216357

10/24/2026

5.0 star review received on Experience.com for Josh Penland by Sean J - Excellent communication. Pat was very knowledgeable and Nellie made all the steps very clear and easy to follow. I was also struck by the quick response times.
They also went above and beyond when, after receiving my inital closing disclosure, I requested an additional program. They had an addendum ready to sign the same day.

Click to see all 595 reviews of The Penland Team - Fairway Home Mortgage, Branch Manager & Senior Loan Officer

10/24/2026

5.0 star review received on Experience.com for Josh Penland by Charles S - Great communication and clear, pratical advice

Read more: https://experience.com/reviews/josh-penland-256361/f1a47a3c-9115-4737-8965-dcf340996956?V=1792859454&utm_source=facebook&utm_medium=autopost&utm_content=13777686

10/24/2026

5.0 star review received on Experience.com for Josh Penland by Gabriel R - Very easy to follow proc

Click to see all 595 reviews of The Penland Team - Fairway Home Mortgage, Branch Manager & Senior Loan Officer

10/20/2026

$10,000 price reduction OR a $10,000 seller credit. Which would you choose?

Most buyers immediately say, “Take $10,000 off the price!”
But that may not give you the biggest benefit.

On a typical mortgage, a $10,000 price reduction might only lower the monthly payment by around $50–$60. Now take that same $10,000 as a seller credit.

In one example I recently ran, about $9,200 funded a 2-1 temporary buydown, reducing the buyer's payment by approximately:
Year 1: $500/month
Year 2: $260/month

Or that seller credit could potentially be used toward closing costs, a permanent rate buydown, or reducing the cash you need at closing. Same $10,000. Very different impact.

Before automatically negotiating the sales price, let's figure out how to make that money work the hardest for you.

Want to see the numbers for your price range? Send me a DM.
I also put together a full guide explaining Seller Credits vs. Price Reductions. Check out my Linktree in my bio → Homebuying Articles.



The Penland Team NMLS #216357