USDA Mortgages for 2022

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For many young people or others with limited resources in terms of down payment, credit history, or other limiting factors an often-overlooked program is the one-hundred percent loan program offered by the United States Department of Agriculture. What follows are … Read More

How Does Inflation Impact Home Prices?

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Because of inflation, prices for goods and services are on the rise. Countless countries are experiencing the effects of inflation. But why has the world been experiencing high inflation rates? The consumer demand for goods, supply chain disruptions, the Russia-Ukraine … Read More

VA Purchase Money Loans

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One of the overlooked benefits that are offered to veterans who have sacrificed their time, energy, and sometimes blood, is the availability of a VA-backed mortgage for the purchase of a home. In this day and age of rising costs … Read More

Interest Rates Heading to 5%!

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You read it right folks. Interest rates on a 30-year fixed-rate mortgage, according to a Market Watch article published on March 27th, are expected to be at 5% by year’s end. Anyone in the purchase market for a home had … Read More

FHA vs Conventional Mortgages

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Because there are many mortgage programs available for the average consumer, the choices can be confusing. The loan officer at 7th Level Mortgage will go over the different programs with you. The purpose of this blog is to provide you … Read More

Home Ready Qualifying Requirements

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In a previous blog, I announced that 7th Level Mortgage is accepting applications for the FNMA program called Home Ready. The purpose of this blog is to outline the application process in very simple terms and how to qualify for … Read More

Home Ready Program for 2022

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For those of you that are looking to purchase a home with a LOWER (yes LOWER!) down payment then the much-vaunted FHA program, Fannie Mae, beginning January 23, 2022, is offering a low down payment option called Home Ready.  7th … Read More

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