New Loan Products and Tax Refund Tips
WHAT YOU'LL LEARN
Why investors trust Atlantic Bay as a lender
New loan products from two new investors
Tax refund tips for your clients
WHAT YOU'LL LEARN
Why investors trust Atlantic Bay as a lender
New loan products from two new investors
Tax refund tips for your clients
Atlantic Bay is always seeking new ways to provide your clients the products they need, and in March we brought two exciting new investors on board. Being “delegated” by these companies means Atlantic Bay meets stringent standards of trust and success to be able to work with them to serve your clients.
Both investors have very competitive jumbo pricing, and we now have a much more competitive offer on conforming second home purchases with at least a 20% down payment. Because this product is not underwritten to Fannie Mae or Freddie Mac guidelines, the loan level price adjustments (LLPAs) will not apply to these loans, making the pricing better for your clients. Call me today for more information on this or any of our programs.
Tax Refunds = Down Payments and More!
Whether your client has a refund big or small this year, or none at all, tax season is a great time to look at how to save money toward homeownership.
For clients with refunds, that money can help with a down payment, closing costs, or buying down a rate. Combined with gift funds, down payment assistance, or seller concessions, the benefits are even bigger.
For clients with lower credit, those extra funds can help pay down high-interest debt like credit cards, which can help their scores. And if your client didn’t get that refund windfall this year, I can still help them make a plan for buying in the future with a complimentary review of their financial picture or credit rescoring. Just give me a call!
The Latest from MBS Highway
A few notes from Barry Habib’s latest “Morning Updates”…
Existing home sales showed that sales were up almost 15% in February, much stronger than the estimated 5% gain.
Inventory levels remained at a low 980,000 but are up 15% year over year – a positive gain from 850,000 last year.
Drawing from Realtor.com data, Barry says: “The most recent Existing Homes Sales Report showed the annual pace of sales was at 4.6M. The last time we saw that level of sales was in September 2022, when inventory levels were 23% higher than they are today. This is another reason to believe that home prices will be well supported going forward, especially if we see rates come down as we expect.”
I would love to talk more about these resources, and answer help get your buyers on the right track to homeownership. Reach out today!