Elvira Rodrigues
Loan Officer - English, Spanish & Portuguese
| NMLS #265261
Branch NMLS #1699057
(469) 855-1625
erodrigues@cmghomeloans.com
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Blog posted On January 16, 2025
When most people think of the best season to buy a home, summer comes to mind. Likely, there’s an understandable reluctance to moving when there’s snow on the ground. However, is it not worse to move in 80-90 degree heat, with the sun beating down relentlessly while moving heavy boxes and furniture? In the colder season, moving will keep you warm, and you likely won’t be affected by the cold as much as you’d think. There’s also less competition to contend with and more time to work with your agent. And best of all, your negotiation power has much more weight in the winter. Still not convinced? Let’s walk through some of the perks of home buying this winter.
READ MORECMG Financial Raises Conforming Loan Limits to $802,650 ahead of FHFA’s Increase
Blog posted On September 27, 2024
CMG Financial has increased its agency conforming loan limits to $802,640, a 4.71% increase from this past year’s limits. Though the Federal Housing Finance Agency (FHFA) has not officially announced the new conforming loan limits, CMG wanted to give home buyers early access in an effort to ease some of their affordability challenges.
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More First-Time Home Buyers Choose Conventional Over FHA Loans
Blog posted On March 30, 2021
The FHA Loan has been a cost-effective staple for first-time home buyers since its creation in the 1930s. With low down payments and lenient credit requirements, the FHA Loan has helped millions of home buyers over the years. However, recent data by the National Association of REALTORS® (NAR) has shown a sharp decrease in the number of buyers who are financing their first homes with the FHA Loan. Over the past 1-2 years, more first-time buyers have been choosing the conventional financing route – but why? When might a conventional loan be a better option for first-time buyers?
READ MOREPrivate Mortgage Insurance Explained
Blog posted On August 06, 2020
Although some home buyers believe it’s necessary to put down a 20% down payment when buying a home, rising home prices are making it more difficult for buyers to reach that savings goal. There are many low down payment loan programs available to make buying a home more accessible, especially for first-time home buyers. In addition to the familiar government programs like the FHA Loan for low income and first-time home buyers and the VA Loan for Veterans and active-duty military, that allow for low to no down payment, there are also conventional options like the Fannie Mae Home Ready and Freddie Mac Home Possible loans. In fact, the National Association of Realtors reported in 2017, 61% of first-time home buyers put down 6% or less on their home purchase.
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