Mortgage: The Death Pledge
Mortgage: ‘mortuus’ meaning ‘dead’ and ‘gage’ meaning ‘pledge‘
The 2026 conforming loan limits were released during the holiday week and (surprise, surprise) they’re higher! In case you weren’t aware, these loan limits are driven by the annual change in home prices, and yes, property values went up. While there have been pockets of weakness lately, namely in places...
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Published on: 2025-12-01
Source:
The Truth About Mortgage
Things are getting more interesting in the mortgage world, at least when it comes to earning rewards. One of the nation’s largest mortgage lenders, Fairway Home Mortgage, has launched a credit card. Known as the “Made for Home Card,” it rewards cardholders for simply making their mortgage payment on time...
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Published on: 2025-11-22
Source:
The Truth About Mortgage
While some banks and lenders exit the mortgage arena, Wealthfront is entering via its new venture “Wealthfront Home Lending.” The so-called robo-advisor based out of Palo Alto, California has decided to try their hand at mortgages, perhaps believing the worst is behind us. It’s been a rough few years for...
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Published on: 2025-11-20
Source:
The Truth About Mortgage
The monthly jobs report from the Bureau of Labor Statistics (BLS) is largely seen as the biggest potential mover of mortgage rates. It gives us a quick check on how the economy is faring, and more importantly the consumer. Wages, job creation, unemployment, and the like. So the September jobs...
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Published on: 2025-11-19
Source:
The Truth About Mortgage
When it comes to mortgage financing, not all loan programs treat credit challenges the same way. One area where this is especially true is how judgments are handled. We’re breaking down the rules for Conventional vs. FHA loans when a borrower has outstanding judgments. Conventional Loans: Strict Requirements For Conventional...
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Published on: 2025-11-19
Source:
Mortgage Depot
The nation’s second largest mortgage lender has begun offering DSCR loans for its customers. The loans, which are reserved for real estate investors, have exploded in popularity in recent years because they allow borrowers to qualify based on the property’s cash flow. This means borrowers don’t need to provide personal...
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Published on: 2025-11-19
Source:
The Truth About Mortgage
It’s time to take a look at the top mortgage refinance companies in the country, based on total loan volume. As you may have guessed, United Wholesale Mortgage (UWM) led the way, though not by much over its crosstown rival Rocket Mortgage. And if we consider the total number of...
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Published on: 2025-11-17
Source:
The Truth About Mortgage
I feel like I haven’t written a word about mortgage rates since the government shutdown began. Part of that is because once the government closed shop, we stopped receiving key economic data. And without any new data, mortgage rates were kind of stuck. The good news is they were stuck...
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Published on: 2025-11-17
Source:
The Truth About Mortgage
Social media has been abuzz lately with news that Fannie Mae no longer requires a minimum credit score. Traditionally, both Fannie Mae and Freddie Mac required a minimum credit score of 620 to get approved for a mortgage. So if you wanted to get a conforming loan backed by one...
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Published on: 2025-11-13
Source:
The Truth About Mortgage
Nigel Hypolite is a highly analytical and client-focused Mortgage Loan Officer based in Houston, Texas. Known for his strong communication, problem-solving abilities, and exceptional attention to detail, Nigel empowers homebuyers with clear guidance and confidence throughout the mortgage process. With extensive experience in mortgage lending, community development, and grant program...
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Published on: 2025-11-12
Source:
Mortgage Depot
Now that the 50-year mortgage has been thoroughly panned and debunked as a viable affordability solution, we’re on to the next silly idea. What is it? Well, “portable mortgages” of course, where you can take your home loan with you from property to property. They actually exist, but not in...
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Published on: 2025-11-12
Source:
The Truth About Mortgage
There’s been a lot of buzz about a possible 50-year mortgage after President Trump teased it over the weekend on his Truth Social platform. Of course, anyone who knows anything about mortgages knows it’s not going to happen. Sorry folks! But in the meantime, we can all talk about it...
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Published on: 2025-11-11
Source:
The Truth About Mortgage
If you recall during the campaigning leading up to the 2024 election, Donald Trump promised to return mortgage rates to 3%, or even lower. To anyone with an understanding of mortgage finance, or simply economics, it seemed far-fetched. It was actually the last thing we needed, and arguably the reason...
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Published on: 2025-11-10
Source:
The Truth About Mortgage
In a bid to make iBuying more lucrative for buyers and sellers, Opendoor has partnered with assumable mortgage platform Roam. The move should make it easier for buyers looking for an Opendoor property to also identify the ones with an assumable mortgage attached. Many mortgages are assumable, and because existing...
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Published on: 2025-11-07
Source:
The Truth About Mortgage
We stay up-to-date on the latest lending updates, so our clients and partners can move with confidence. Fannie Mae has just announced exciting changes that will take effect for loans registered on or after November 16, 2025. These updates are to expand access to financing while making the credit evaluation...
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Published on: 2025-11-07
Source:
Mortgage Depot
Our Commercial Bridge Loan Program is here to help you move quickly and strategically. We now proudly offer bridge financing from $1 million to $10 million for purchase or refinance transactions. With 2- and 3-year interest-only terms, high LTVs, and competitive rates starting at 9.500%, our program delivers the creativity...
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Published on: 2025-10-30
Source:
Mortgage Depot
For some families, foster care income is a vital and reliable source of household income. But when it comes to qualifying for a mortgage, the rules for how this income can be used differ depending on whether you’re applying for a conventional loan or an FHA loan. Here’s what you...
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Published on: 2025-10-29
Source:
Mortgage Depot
We offer a non-QM mortgage loan for DACA recipients. These individuals are allowed with a valid EAD card reflecting C33 status. Brief description of the DACA mortgage program. Up to 90 LTV Loan amounts to $3.5MM Bank Statements, Full Documentation, 1099 Only, P&L Only and Investor Cash Flow. Fixed Rate,...
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Published on: 2025-10-24
Source:
Mortgage Depot
We remain committed to supporting real estate investors and borrowers in Baltimore City. While many lenders have pulled back or paused their programs, our lending policy for single-family DSCR loans in Baltimore City remains unchanged. We are still actively and confidently funding deals, giving you the certainty you need to...
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Published on: 2025-10-15
Source:
Mortgage Depot
These innovative, cost-effective housing solutions are in high demand, and builders, developers, and investors need financing that keeps pace with this growing trend. That’s why we offer a Ground Up Construction Loan program specifically designed to fund your next modular home project. Our Modular Home Construction Loan Features When you...
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Published on: 2025-10-10
Source:
Mortgage Depot
If you’re currently in an active Chapter 13 Bankruptcy, you might think that qualifying for a mortgage is out of reach, but that’s not the case! FHA guidelines allow borrowers with an open Chapter 13 bankruptcy to obtain financing under specific conditions. Here’s what you need to know: FHA Guidelines...
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Published on: 2025-10-03
Source:
Mortgage Depot