Episode 11 - Homebuyer Assistance: Low Down Payment Loans (and More)

Episode 11 (the one where we turn it up to 11!):

 

In The Rundown, Michael and Brad highlight the latest mortgage news and real estate market stats. Michael makes his next prediction for where interest rates are headed. So far he's crushing it! Brad reviews the last 7 days of real estate market activity and how the market is trending. 

 

In The Scoop, we hit on the various low down payment loan options available and discuss the pros and cons of each. We dispel some myths, hash out who qualifies for each type of loan, and get into the details of interested party contributions (also often referred to as seller help). We also discuss a few down payment assistance programs, both loans and grants, that can help buyers who might not otherwise qualify to purchase a home.

 

In this week's The Unreal, we talk about market volitility and how the roller coaster mortgage rates are dissuading some sellers from selling their homes, and the impact of that issue.

 

In The Spotlight we feature Peerces in Phoenix! The flavors, the ambiance - it's elevated Indian cuisine right in our own back yard. Make sure you try the Gobinda appetizer (though everything is amazing). They're @peerces_ on Instagram. Check them out!

 

Episode Highlights

• Have you watched This Is Spinal Tap? We turn it up to 11.
• [00:05:55] THE RUNDOWN (Mortgages)
• [00:12:40] THE RUNDOWN (Real Estate)
• [00:19:46] THE SCOOP Part 1 (Low Down Payment Loans)
• Michael is ebullient
• Low down payment USDA, VA, FHA, and Conventional Loans
• [00:55:46] THE SCOOP Part 2 (Shawn's advice on how to clean)
• Michael is resplendent
• Interested party contributions
• Down payment assistance programs
• [01:23:04] THE UNREAL
• Michael chimes in before his segment adjective is announced!
• Mortgage rate volitility discouraging sellers
• [01:28:50] THE SPOTLIGHT
• Peerces in Phoenix
• [01:31:47] Final thoughts
• Next episode: we have the entire year mapped out, but we might switch a few around in response to what's going on in the world, plus we like to keep you guessing

Hosts

Michael Becker, Sierra Pacific Mortgage
NMLS #200085
[e-mail]
[phone] (m) / [phone] (office)

Brad Cox, The Vesta Group of Long & Foster Real Estate
MD Lic #652795
[e-mail]
[phone] (m) / [phone] (office)

Links

Michael Becker, Sierra Pacific Mortgage
Brad Cox, The Vesta Group of Long & Foster Real Estate
@berealmdpod