9 Home Buyer Myths and Facts

For many consumers the decision to buy a home is one of the largest purchases of their lives. Many home buyers will be new to the process or haven’t owned a home in the last three years.  It can be confusing to know what is true and what is a myth. The following are the […]

homebuyer facts vs myths

Down Payment Gift Rules for Borrowers

For low and moderate-income borrowers with limited savings, including first-time homebuyers, it can be a struggle to come up with down payment funds, so a substantial amount of money can be donated or gifted to help them. In high-cost areas like Orange County, L.A., and San Diego counties, the maximum conventional loan limits are $636,150 […]


If I Choose a Realtor, Do I Need to Use Their Lender?

The answer is not crystal clear when it comes to using the Realtor’s preferred lender. You need to be certain that the lender you use works for you and not your agent. You are need to have honesty, the means to close on the agreed upon contract date and a well-informed lender who can provide […]


delayed financing

Cash-Out Refinance for Buyers with No Waiting Period

Are you aware that 25% of home purchase transactions are completed without any sort of financing? This comes from data provided by the National Association of REALTORS®.   However, these all-cash buyers are not far removed from using their own funds for very long. “Cash out” refinances are available to buyers without a mortgage just 24 […]


How to Save on Your Mortgage by Managing Your Credit

Your credit score influences the price of anything you buy unless you pay for everything in cash. Having a credit score below 680 may make you pay a lot more than having credit scores over 680. The good news is it’s not so difficult to boost your score up a level that really benefits you. […]

higher avings with higher credit scores

5 Reasons to Make a 20-percent Down Payment

Please look at the graphic below when it comes to making a down payment of 20% or more and some of the benefits.     Share this Image On Your Site Please include attribution to 1st NWM with this graphic.


Do New Conventional Loans Compete Against Government Loans?

  Government-backed Home Loans FHA home mortgage loans offer home buyers a excellent low-down payment solution at 3.5% for various income and credit score tiers. Even with credit below 580, the down payment is attractive at 10% down. Then, you have the zero down payment options from the VA and USDA loan programs helps specific […]

conventional mortgage 97 ltv

bank statements

Bank Statements: Lenders Don’t Want To See These 3 Items

Evaluate Your Documentation Prior to Giving It To The Lender When you purchase a home using a mortgage, you’ll need to verify your income and liquid assets through documented proof. Additionally, your downpayment will need to be sourced and must be an acceptable source per the lender’s guidelines. In most cases, it means providing bank […]


Low Dow Payment Mortgage Considerations

As you get into your 30s, found “the one” you want to put a ring on, the idea of cementing your roots in one place and calling it home have grown more and more attractive. So, you may find yourself searching homes for sale on local Orange County real estate sites or Zillow a few […]

first tome homebuyers

saving money

Best Low Down Payment Programs for Home Buyers

While many prospective home buyers focus solely on interest rates, an equally, if not more significant item, is the availability of mortgage programs that help buyers. This includes those purchasing for the first time in three years known as first-time home buyers. First-time home buyers made up one-third of home sales in June 2016, which […]