VA Loans

No Down Payment:VA loans often allow eligible veterans and active-duty service members to purchase a home with no down payment. This can be a significant advantage compared to conventional loans that typically require a substantial down payment.Competitive Interest Rates:VA loans typically offer competitive interest rates, which can result in lower monthly mortgage payments. This benefit helps make homeownership more affordable for veterans and service members.Limited Closing Costs:VA loans come with limitations on the closing costs that veterans can be charged. This can reduce the upfront expenses associated with buying a home, making it more accessible for those who qualify.Flexible Credit Requirements:While the VA does not set a minimum credit score requirement, lenders may have their own standards. However, VA loans often have more flexible credit requirements compared to conventional loans, making it easier for some veterans with less-than-perfect credit to qualify.No Private Mortgage Insurance:Unlike many conventional loans, VA loans do not require private mortgage insurance (PMI). This can result in additional savings for borrowers, as they won't have to pay a monthly PMI premium, further contributing to the affordability of homeownership.

Retirement Mortgage Options

Our Cash Guarantee Program

Mortgage Rates – Jan 5, 2024

RATES:CONVENTIONAL 30: 6.49%......6.63% APRCONVENTIONAL 15: 5.99%.......6.215% APRVA 30: 6.25%.......6.522% APRFHA 30: 6.25% .....7.06% APR-----------------------*Your Actual Rate, Payment, and Costs could be higher. Get an official Loan Estimate Prior to Choosing a homeCredit Score Used for Analysis: 780Discount fee: 1%This Week's News:ADP Employment Report - 164,000 Jobs CreatedFED More Convinced that Inflation Coming Down/Under ControlNext Week:Monday: 10 Year Note AuctionTuesday: Consumer Price Index, 30 Year Bond AuctionWednesday: Producer Price index and FED MeetingThursday: Retail SalesDoes Your client need to offer over asking price? Show them this:https://www.smithmtg.com/presentation/99774Need A Quick Pre-Approval?......Your Home Application here:https://mtgpro.co/dr/c/coeapSchedule a meeting with me:https://calendly.com/noels-1/30minNoel Smith, Sr. Mortgage [email protected]

Loan Product Matrix

Our Cash Guarantee Program

New Conforming Loan Limits

Tough Market yet a wonderful opportunity for those in the Industry

Real Estate Report Card

Good Neighbor Next Door Program – Law Enforcement officers, firefighters, EMT’s and Teachers

50% of the Sales Price and with $100 Down Payment. Law enforcement officers, teachers (pre-Kindergarten through 12th grade) firefighters and emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD's Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return, an eligible buyer must commit to live in the property for 36 months as his/her principal residence. How the Program Works Eligible Single Family homes located in revitalization areas are listed exclusively for sale through the Good Neighbor Next Door Sales program. Properties are available for purchase through the program for seven days. How to Participate in Good Neighbor Next Door Check the listings for your state. Follow the instructions to submit your interest in purchasing a specific home. If more than one person submits an offer on a single home a selection will be made by random lottery. You must meet the requirements for a law enforcement officer, teacher, firefighter or emergency medical technician and comply with HUD's regulations for the program. HUD requires that you sign a second mortgage and note for the discount amount. No interest or payments are required on this "silent second" provided that you fulfill the three-year occupancy requirement. The number of properties available is limited and the list of available properties changes weekly. To learn more, please visit our FHA Frequently Asked Question page. GOOD NEIGHBOR NEXT DOOR ELIGIBLE PARTICIPANTS The U.S. Department of Housing and Urban Development (HUD) wants to make American communities stronger and to build a safer nation. The Good Neighbor Next Door (GNND) program helps make this goal a reality by encouraging law enforcement officers, pre-K through 12th grade teachers and firefighters/emergency medical technicians to become homeowners in revitalization areas. Who Can Participate? Law Enforcement A person qualifies as a law enforcement officer for the purposes of the GNND Sales Program if the person is: Employed full-time by a law enforcement agency of the federal government, a state, a unit of general local government, or an Indian tribal government; In carrying out such full-time employment, the person is sworn to uphold, and make arrests for violations of, federal, state, tribal, county, township, or municipal laws and The full-time employment in paragraph (a) of this section must, in the normal course of business, directly serve the locality in which the home is located. Teachers A person qualifies as a teacher for the purposes of the GNND Sales Program if the person is: Employed as a full-time teacher by a state-accredited public school or private school that provides direct services to students in grades pre-kindergarten through 12; and The full-time employment in paragraph (a) of this section must, in the normal course of business, serve students from the locality where the home is located. Firefighter or Emergency Medical Technicians A person qualifies as a firefighter/emergency medical technician for the purposes of the GNND Sales Program if the person is: Employed full-time as a firefighter or emergency medical technician by a fire department or emergency medical services responder unit of the Federal Government, a State, unit of general local government, or an Indian tribal government; and The full-time employment in paragraph (a) of this section must, in the normal course of business, directly serve the locality where the home is located.

Lock and List

***LOCK IN Your Listings Interest Rate Now*** Fairway's Lock and List It Program allows the seller to lock in an interest rate for the home they are selling before there is a buyer. This could be a huge advantage for a seller who can potentially offer a lower interest rate to their buyers! The Buyer can update the lock to their specific loan term and loan product.

Conforming Loan Limits raised to $750k

Do your clients need to close quickly? Fairway Advantage Pre-Approval

Buying a home and over the age of 62? Reverse mortgage for your purchase

Buying a Fixer Upper? Renovation Loans are your solution!

Conventional – Multi Family LTV Going from 85% to 95% – Great News!

Crush Your Next Open House!

Your Real Estate Report Card

Outside the Box Loans

State of The Market with Dave Stephens

Lock Shop and Go and 3-2-1 Buydowns

Biggest Waive of Home Buyers in US History Set to Enter the Market

Renovation loans

Ask us about all our renovation products!

3-2-1 Buydown

Renovation Loan Options

Loan Program

I would love to sit down with you and chat about all the benefits of a reverse mortgage both with a reverse refinance to tap in to equity that is untaxed as well as reverse for purchase that assist with more purchase options.

*Manufactured Homes Common Questions – Loom

Many more alternatives popping up for first time home buyers looking to purchase a manufactured home. Which is great. I walk through a few of the most common questions here as well as going over a typical purchase comparison of two popular types of loans to my left. Have questions? Let me know!

Credit Facts — Did you Know?

HOME LOAN APPLICATION: https://apply.fairwaymc.com/signup?referrerId=noelsfairwaymc.com&loanType=MORTGAGE SCHEDULE A MEETING WITH ME : https://calendly.com/noels-1 CURRENT LOCAL MARKET INFO: https://altos.re/r/0f0f5ad2-7f02-45f9-8df0-c720d06635d2

Looking to Purchase? Here are a few things that should be top of mind

HOME LOAN APPLICATION: https://apply.fairwaymc.com/signup?referrerId=noelsfairwaymc.com&loanType=MORTGAGE SCHEDULE A MEETING WITH ME : https://calendly.com/noels-1 CURRENT LOCAL MARKET INFO: https://altos.re/r/0f0f5ad2-7f02-45f9-8df0-c720d06635d2

Your Home Purchase Road Map

Home Purchase Application: https://apply.fairwaymc.com/signup?referrerId=noelsfairwaymc.com&loanType=MORTGAGE

Great Tips During Your Home Purchase

Want to cut down on the length of your Mortgage Term and Save on Interst

Want to Cut down on the length of your mortgage term and save on interest?

Rate Rescue

Are you looking for a program that offers lower initial monthly payments with the stability of predictable payment increases??

Seller Concession Cheat Sheet!

Quick Reference Sheet to let you know how much the seller can pay towards closing costs for each Loan Program Type!

How to obtain a lower payment in this higher rate market

Negotiate a rate buydown to keep your payments low!

Cold Weather Checklist!

Things to do to get your home ready for winter!

American Frontline Rewards Program

Income From ADU’s can now assist buyers with their loan Qualification

Really cool news, and about time! ADU income generated from a property can now go to assist Buyers with their loan qualification. With ADU's being a very big topic lately, this will help buyers into their new homes by using the income generated from the properties ADU as an additional income source for loan qualification. Reach out anytime if questions come up!

Fairway: Helping Our Communities

Very proud of my company and what they are doing day in an day out, giving first.

Credit Tool and Fairway Advantage

Credit Tool and Fairway Advantage, the perfect homebuying combination.

Manufactured home checklist

Buying a Manufactured Home - Here is what you need to know!

Mortgage Myths

Mortgage Myths

Make a Winning Offer in a Tight Market

FHA Property Checklist

Looking to sell your home?

What Drives Interest Rates

Home Buyer Tips

Renovation Loan Options

Mortgage Myths

Home Buying Road Map

Credit Improvement Strategy

Recasting Your Home Loan