Eric Wiegand Lending

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Eric Wiegand Lending The Real Estate Finance market is changing. Allow our team of professionals to help you navigate.

Allow our team of professionals to help you navigate through these changes as you pursue buying a home

22/10/2026

3 Tips for a Lower Mortgage Rate

22/10/2026

Rate Locks Protect Home-Loan Budgets

20/10/2026

4 Tips For Finding The Best Mortgage Rates
Let’s connect and talk about the latest insights in the industry!

20/10/2026

New Homes Offer Better Value Nationwide

First-time homebuyers could get $50,000 under new billThere's an interesting new proposal on the table: first-time homeb...
17/10/2026

First-time homebuyers could get $50,000 under new bill
There's an interesting new proposal on the table: first-time homebuyers could receive up to $50,000 in federal matching funds for their down payments. The bill would match contributions 5-to-1, but there are a few important stipulations, like completing homebuyer counseling and focusing on median-priced properties. While this could make homeownership more accessible for many, some experts are concerned it might drive up prices if housing supply doesn’t keep up. As someone who helps buyers navigate the mortgage process every day, I’m always following these developments closely to provide the most up-to-date guidance and options for my clients.


https://www.housing-trends.com/agent-news/eric-wiegand/2113999-First-time-homebuyers-could-get-%2450%2C000-under-new-bill

Smaller Down Payments Give Buyers More Room, But Rates Limit The SavingsWe’re seeing some shifts in the housing market t...
16/10/2026

Smaller Down Payments Give Buyers More Room, But Rates Limit The Savings
We’re seeing some shifts in the housing market this quarter: the typical homebuyer down payment has dropped to $27,100 in Q2 2026—the lowest we’ve seen since 2021. This trend is largely a result of more homes being available and list prices easing a bit. But it’s important to remember that while smaller down payments can give buyers a little more flexibility upfront, higher mortgage rates are still pushing monthly payments up. Down payment amounts are also varying depending on how competitive each local market is. As always, my focus is on helping clients understand how these changes impact their options, so you can make informed decisions that fit your goals—whether you’re buying your first home or investing in your next property.


https://www.housing-trends.com/agent-news/eric-wiegand/2114001-Smaller-Down-Payments-Give-Buyers-More-Room%2C-But-Rates-Limit

15/10/2026

Closing Costs Can Reach 5% of Your Loan
When preparing to secure a mortgage, it’s important to remember that closing costs are an additional expense—separate from your down payment—that can catch buyers off guard. These costs generally range from 2% to 5% of your loan amount (not the purchase price), and are due upfront to finalize your mortgage. They include a mix of lender fees, property-related expenses, legal and tax charges, insurance, and escrow funding. Typical items you’ll see: origination or underwriting fees, appraisal and inspection costs, title work, attorney fees, recording charges, prepaid taxes and insurance, and your initial escrow deposit. Buyers are responsible for most of these costs, while sellers pay their own, though in some cases concessions may be negotiated—particularly when the market is less competitive—sometimes reflected in a higher offer price. My clients know how important it is to review lender estimates carefully, look over the final disclosure early, and ask about possible credits or assistance. I always encourage you to watch for duplicate fees and to plan your budget beyond just the down payment, so you’re never caught short at the closing table.

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Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Friday 09:00 - 17:00

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+19166622745

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