Jerry Apicella, Senior Loan Officer NMLS# 525731

Mortgage rates moved slightly higher during the week ending 6/28/24, even though there was little change in the economic outlook. Presidential Bank Mortgage is an Equal Housing Lender.

Markets in a Minute Enjoy this quick update on what's going on in the housing and financial markets.

🏡📉 Good news for the housing market! As mortgage rates trend lower, there's renewed hope for homebuyers and the real estate industry. Lower rates mean more affordability, making it easier for prospective buyers to secure their dream homes. 🌟

Stay tuned for more updates and opportunities as the market continues to brighten. Ready to take advantage of these rates? We're here to help you every step of the way! 🏠🔑

https://www.presidentialbankmortgage.com/

🌟 From Setbacks to Comebacks! 🌟 Financial challenges can hit hard, but they don't define your future. Discover essential tips and resources to repair your credit and rebuild your financial stability. Dive into our latest blog post and start your journey to a brighter financial future today!

📲 Read more: https://www.presidentialbankmortgage.com/post/from-setbacks-to-comebacks-essential-credit-repair-tips-for-financial-recovery

On the longest day of the year, we celebrate the endless possibilities of summer and the dream of finding your perfect home. Let us help you make that dream a reality. 🌞🏠

📲 Visit our website today to connect with a loan officer near you!
https://www.presidentialbankmortgage.com/

As we commemorate Juneteenth, let us honor the legacy of those who fought for freedom and justice. At Presidential Bank Mortgage, we remain dedicated to serving and empowering all communities on their journey to homeownership and financial well-being.

🏡 Exciting News for Homebuyers! 🏡

New data shows that home inventory levels have increased significantly compared to last year, bringing more options to the market. This is great news for those who've been struggling to find their dream home. 🏠✨

Stay hopeful and keep searching—your perfect home might just be on the horizon! 🌟

Happy Flag Day! Today, we celebrate the symbol of our nation's strength, resilience, and unity.

📢 NOW AVAILABLE!

The Workforce Plus+ Program is now available for prospective homebuyers!

In partnership with FHLBank Atlanta, this program is open to both first-time and non-first-time homebuyers with incomes between 80.01% and 120% of the area median income (AMI).

Learn how you can get up to 💸 $15,000 💸 towards your down payment and closing costs! Now is the perfect time, as June is National Homeownership Month. Reach out to us today!
https://www.presidentialbankmortgage.com/

The Fed met today and held interest rates steady again.

🤔💭 What does this mean for you?
Mortgage rates can fluctuate in anticipation of Fed actions, so now's the time to prepare! Whether it's exploring hybrid Adjustable-Rate Mortgage (ARM) options or fixed-rate buydowns, we're here to help you navigate the market and secure the best rates possible.

Let's strategize your next move!
📲 Visit https://www.presidentialbankmortgage.com/ today!

📰 Industry News Alert! 📰

Fannie Mae’s® down payment assistance tool now makes it easier than ever to explore and compare various programs. Compare up to four options side-by-side, including maximum assistance amounts and income limits, to find the best fit for you and your borrowers!

https://yourhome.fanniemae.com/calculators-tools/down-payment-assistance-tool

👉 Ready to leverage this tool for your clients? Contact Presidential Bank Mortgage today and let us help you navigate the best down payment solutions!

Happy National Donut Day! 🍩🏠 Indulge in the sweet treats while we share the 'dos and donuts' of the homebuying process. Just like selecting your favorite donut, finding the perfect home involves a mix of patience, choices, and sometimes sprinkles of luck!

✅ DOS:✅
📃 Send your documents as soon as possible
🏦 Keep all your ongoing paystubs and bank statements
💳 Pay all your bills on time
💰 Contact your loan officer before accepting any gift funds
📲 Inform your loan officer about any life changes
🏡 Line up a homeowner's insurance policy
💸 Keep saving for your home purchase

❌DONUTS:❌
🤑 Make large purchases
📈 Run up the balances or max out on your existing credit cards
💳 Pay off loans or credit cards
🛠 Start major home improvement projects
🚫 Acquire any non-sufficient funds or overdraft fees
💻 Change jobs, resign, or become self-employed

Let's navigate the journey together. 📲 Visit our website today to connect with a loan officer near you!
https://www.presidentialbankmortgage.com/

Dreaming of a home makeover? Presidential Bank Mortgage has you covered with our flexible and versatile renovation loan options! Whether you're customizing your space with the HomeStyle® Renovation Loan or enhancing your home with the CHOICERenovation℠ Loan, we provide the financial support you need to bring your vision to life.

Key Highlights:
✅ Purchase or Refinance
✅ 15/30 Year Term
✅ Single Close

Discover endless possibilities for renovation and design. 📲 Visit our website today to learn more!
https://www.presidentialbankmortgage.com/loan-programs/renovation-loans

Feeling overwhelmed by a 20% down payment for your dream home? Don't be...it's not a requirement! 🏡💰

Many buyers put down closer to 10-15%, and first-time homebuyers often average around 8%. Let's find the right mortgage solution for you without the stress of a hefty down payment.

📲 Visit our website today to learn more about the down payment assistance programs we offer!
https://www.presidentialbankmortgage.com/

❌ Myth: Opting for the lowest interest rate is always the best choice when getting a loan.

✔ Fact: While a low interest rate is important, other factors like loan term, fees, and quality of service should also be considered. The right loan depends on your individual financial situation and long-term goals. 📊🏠

https://www.presidentialbankmortgage.com/post/debunking-the-myth-why-choosing-the-lowest-interest-rate-isn-t-always-the-best-mortgage-choice

🌟Exciting News! The Workforce Plus+ Program is launching in June! FHLBank Atlanta has announced its new Workforce Housing Plus+ program for prospective homebuyers!

Providing up to $15,000 in down payment and closing cost assistance, this program is open to both first-time and non-first-time homebuyers with incomes between 80.01% and 120% of the area median income (AMI).

📲 Visit our website today!
https://www.presidentialbankmortgage.com/

🔔 Attention Real Estate Agents and Realtors!

Reach more borrowers with greater savings! The Federal Housing Finance Agency (FHFA) has updated the area median income (AMI) limits for 2024, with most areas showing an increase over 2023. 🌟

This update allows you to offer more flexibility and affordable lending opportunities to your clients. Freddie Mac uses these AMI limits to determine eligibility for programs like Home Possible® and Refi Possible®.

Here's a quick guide to eligibility based on AMI limits:
1️⃣ Home Possible®: Income must be ≤ 80% of the AMI for the property location.
2️⃣ Refi Possible®: Income must be ≤ 100% of the AMI for the property location.

Take advantage of these updated AMI limits to better serve your borrowers and offer more affordable mortgage options! 🏡💸

To rent or to own? 🤔💭Owning a home offers a level of stability and security often unmatched by renting. Through a fixed-rate mortgage, your monthly housing expenses stay relatively steady over time, shielding you from the uncertainty of escalating rental rates and offering peace of mind for the future.

📲 Read our blog post now to learn more!
https://www.presidentialbankmortgage.com/post/renting-vs-owning-the-power-of-stability

❌ MYTH: You can't get a mortgage if you're self-employed

✔ FACT: Contrary to popular belief, being self-employed doesn't mean you can't get a mortgage. Lenders typically look at factors such as income stability, tax returns, and other financial documentation to assess eligibility for self-employed borrowers.

Our latest blog article offers tips for self-employed borrowers to navigate the path to homeownership with confidence.

https://www.presidentialbankmortgage.com/post/self-employment-debunking-myths

Big news for self-employed mortgage seekers! Fannie Mae®'s revamped Income Calculator tool is here to smooth the path to pre-approval. This new tool helps lenders accurately calculate your income, ensuring a smoother, quicker loan process.

🔹 Fast and precise income calculation
🔹 Streamlined mortgage approval
🔹 Reduced paperwork hassle

📲 Visit our website today to connect with a loan officer near you!
https://www.presidentialbankmortgage.com/

Delight in the outdoors with a screened porch or soak up the sun in a sunroom – which feature speaks to your ideal sanctuary? 🍃🌞

Let us know in the comments below! 🔽

🚨 First-time buyers, individuals who haven't owned a home in 3 years, or those in specific areas meeting certain financial criteria can overcome the challenge of a down payment with accessible down payment loans with The Georgia Dream Homeownership Program!

STANDARD
➡ All qualified homebuyers are eligible! Get up to 5% of the property purchase price or $10,000!

PROTECTORS, EDUCATORS, AND NURSES
➡ Are you a public protector, educator, healthcare provider, or part of the military? Get up to 6% of the property purchase price or $12,500!

CHOICE
➡ Do you have a family member living with a disability? Get up to 6% of the property purchase price or $12,500!

BONUS
➡ Apply for the Veterans Assistance Peach Select Loan Program featuring a $500 minimum investment with 100% LTV!

📲 Reach out today for more information!

Exciting News for Real Estate Pros! The latest report from the National Association of Realtors® unveils remarkable insights: despite facing higher than average mortgage rates, over 90% of metro areas witnessed home price gains in Q1 2024.

Here's why this matters to you:
📌 Increased demand and rising prices mean more opportunities for your clients.
📌 Presidential Bank Mortgage offers competitive rates and tailored solutions to help your buyers secure their dream homes.
📌 With our support, you can provide valuable guidance and assistance to your clients in navigating the evolving market landscape.

Turn market challenges into success stories with Presidential Bank Mortgage as your trusted partner. Let's dive deeper into the data and leverage this insight to drive success in our business together! Reach out today!

Finding your ideal neighborhood is key to loving where you live! 🏡 Dive into our latest blog post on the importance of researching neighborhoods. Discover how factors like schools, amenities, and commute times can shape your lifestyle and help you find the perfect place to call home. 💼💫

Visit the link below!
https://www.presidentialbankmortgage.com/post/neighborhood-matters-the-hidden-key-to-your-dream-home

🌟✨ Don't miss out on this week's top mortgage news! Whether you're a first-time homebuyer or a seasoned homeowner, our industry updates provide valuable insights to help you navigate the ever-changing landscape of homeownership.

Ready to bring your dream home to life? With our vacant lot loans, the possibilities are endless. Let's start building the future you've always imagined!

✨ Benefits + Features: ✨
➡ 65% Loan-To-Value (LTV)
➡ 700 Minimum FICO Score
➡ $50,000 Minimum Loan & $500,000 Maximum Loan
➡ 3 Year Balloon & Must Build Within 3 Years
➡ No Escrow Available

📲 Let's get ready to build the foundation for your home. Reach out to learn more!
https://www.presidentialbankmortgage.com/

Nacho Ordinary Lender: Let's spice 🌶 up your mortgage experience!