Author Archives: mattwatts2

As we embrace the dawn of 2024, the Federal Housing Finance Agency (FHFA) is ushering in a wave of possibilities for aspiring homeowners. The recent announcement of increased loan limits, a testament to the FHFA’s commitment to adaptability, not only enhances affordability but also opens doors to a broader spectrum of homes. Let’s explore howContinueContinue reading “Embracing Opportunities: New Loan Limit Boosts Spark Your Path to Homeownership in 2024”

Winter Wow: Heating Up Homebuying with Frost-Biting Deals! Top of Form As the winter chill settles in, many potential homebuyers tend to take a step back and wait for the traditionally busier spring market. However, savvy buyers are well aware that winter can offer a unique window of opportunity, especially for those considering FHA, RD,ContinueContinue reading “Winter Wow: Heating Up Homebuying with Frost-Biting Deals!”

Great news for People interested in purchasing an existing manufactured home in rural Michigan! You now have more opportunities for financing through USDA Rural Development’s low-interest, no-down-payment home loan programs. Michigan is participating in a pilot program that makes existing manufactured homes constructed after January 1, 2006, eligible for USDA home loans. Previously, only new manufacturedContinueContinue reading “USDA Rural Development Expands Loan Eligibility to Manufactured Homes”

STUDENT LOAN DEBT, INCOME-BASED REPAYMENT PLANS, AND HOME MORTGAGES DENIED DUE TO STUDENT LOAN DEBT. In the past if you were trying to get a home mortgage and you have college student loan debt home mortgage lenders were required to use the 1% rule; which means that if you have $50,000 in student loans theyContinueContinue reading “STUDENT LOAN DEBT AND HOME MORTGAGES”

How do I buy a home that has repair issues or things that need to be repaired before I can get financing? At Icon Mortgage and Matt Watts at mortgagemattmi.com you can get approved for a home mortgage for a home that may have appraisal or inspection issues that cover roof damage, peeling paint, heating/cooling missing unitContinueContinue reading “HOME REPAIR ESCROWS”