PrimeLending, A PlainsCapital Company - Silverdale

As the dog days of summer approach, it’s the perfect time to give your home some extra attention and ensure it remains in excellent condition. Here are some summer maintenance to-dos to keep your home in great shape.

-Service your air conditioning system
-Clean your gutters
-Check the weather stripping and caulk around the doors and windows
-Power wash the patio

Give your home the attention it deserves and enjoy a worry-free summer season.

Is your goal to become a homeowner? Receiving $1,250 in down payment or closing cost assistance* may be an important step in achieving that goal. Learn about the program eligibility by contacting us today.

Product info as of 6/11/24, subject to change.

*Certain restrictions apply, subject to Freddie Mac BorrowSmart assistance program guidelines. Not available in all areas. Homebuyer counseling is a requirement to participate in this program. Please contact your PrimeLending loan officer for more details.

Unlock the door to homeownership with USDA loans with $0 down. Connect with us today to see if you qualify.

Ready to renovate? Here’s what you need to know about renovation loans before you get to demo day.

- Renovation loans can be used to purchase and repair an existing property or to update your current home.
- Benefits of a renovation loan may include increasing the home’s value, preserving your savings and improved energy efficiency.
- PrimeLending handles all of the disbursements so you know your contractor(s) will be paid on time.

The best first step in any renovation project is to ask questions. We are always available to walk you through our renovation loan options. DM us to start a conversation.

Chocolate, pistachio, mint chip, oh my — happy National Ice Cream Month! I’m celebrating (and avoiding brain freeze) all month long with my favorite flavor, [your favorite flavor here]. Tell me your favorite ice cream flavor in the comments.

It’s National Wildland Firefighter Day! Today, we honor our brave wildland firefighters and share 6 essential tips to prevent wildfires:
1) Clear vegetation to create a defensible space around your home.
2) Store firewood safely (at least 30 feet from structures).
3) Remove leaves and debris to regularly maintain gutters and roofs.
4) Plant fire-resistant landscaping, shrubs and trees.
5) Safely use equipment by avoiding the use of mowers and chainsaws on dry, windy days.
6) Never leave campfires unattended and always fully extinguish them.

Be sure to thank a firefighter today for protecting our homes and community!

Playing the waiting game with mortgage rates? You'd like to buy but ideally you want to wait for a lower interest rate – we totally get it! Here are our two cents about why waiting for rates might not be the best idea if you can afford to buy sooner rather than later:

When mortgage rates dropped in 2020-21, more buyers entered the market resulting in home price increases and bidding wars. Potential homebuyers priced out of today's market will be itching to buy if rates come back down. You may want to avoid the competition from other buyers flooding the market.

While waiting for rates to come down, rising home prices could make the overall cost of homeownership more expensive. Not only have home prices increased but rent prices have increased too. You can lock in a steady mortgage payment now and enjoy the equity that you build in the years to come.

Just waiting can be stressful. Analyzing market trends and monitoring the housing market can be draining. Plus, if you have specific time constraints (like your lease ending), waiting for rates may not be feasible.

Ultimately, deciding to wait or not to wait depends on your individual circumstances. Chat with a financial advisor or send us a DM to help you weigh the pros and cons!

Introducing our NeighborhoodEdge® program with a 203k loan option! Eligible for up to $2,000 in closing cost assistance*, this offer helps you find your ideal home without breaking the bank. Our 203k mortgage loan covers both the purchase and renovation expenses, turning a house into your perfect home. Property must be located within PrimeLending eligible market and homebuyer's income must be equal to or less than 100% of the area median income based on HUD guidelines. Additional restrictions apply. Savings will reflect on closing disclosure at closing. Contact us now for details!

For a limited time, dive into homeownership with lower payments thanks to Summer Splash Buydown program, PrimeLending’s 1-0 temporary buydown!* By effectively lowering the interest rate on the first year of your FHA, VA or USDA loan, your journey to becoming a homeowner could be smooth sailing. How is that possible? Funds for a 1-0 buydown are placed into an escrow account that will be used to subsidize your mortgage payments for the first year of the loan, making the first year of homeownership more affordable. When the first year is up, your payments will return to the standard fixed rate.

Contact us today and mention promo code SUMMER SPLASH to get all the details.

*Buydown 1-0 Option will be paid by PrimeLending. Rate discount applies only to first year. Must apply for and lock loan through PrimeLending by 8/31/24 and loan must close by 12/31/24. Savings will reflect on the Closing Disclosure. Offer only available for FHA, VA, and USDA purchase loans. Excludes bond, broker, conventional products, high balance, jumbo products, portfolio products, construction loans, and refinances. Offer can be paired with PrimeLending VA No Lender Fees promotion, all other promotions are excluded. Certain loan programs do not allow buydowns. Additional restrictions may apply, contact a PrimeLending loan officer for details.

A renovation loan is a type of home mortgage that can help borrowers finance the updates/repairs they want or need to make to their current homes. Looking to buy a fixer upper? A renovation loan can handle that too by rolling the purchase and renovation costs into one loan.

Have questions about renovation loans? Let's chat! DM us today to learn more.

It's easy to get caught up in the excitement of buying a home. We want to help make your buying experience as simple as possible. Here's what not to do when you are buying a home:

Not getting prepared. Set yourself up for success by gathering your financial documents and getting approved now. Future you will be thankful when you're shopping for homes you know you'll be able to afford.

Don't ignore the neighborhood. Make sure the neighborhood works for your commute and check it out at odd times of the day to see how noisy it is.

Forgetting to check all your loan options. Talking to a loan officer before you start house hunting can help you discover loan options you may not have considered on your own.

Your road to homeownership begins with a lender that will help you understand the mortgage process. DM us today to get started.

Ready to dive into buying a home and save some money? For a limited time, PrimeLending’s Summer Splash Buydown program can effectively lower the interest rate for the first year of an FHA, VA or USDA purchase mortgage. With this exclusive 1-0 temporary buydown program*, funds are placed into an escrow account that will subsidize your monthly mortgage payments for the first year. That way you’ll not only save money each month, but you’ll have time to ease into your budget.

Reach out today and mention the promo code SUMMER SPLASH to get more info 🛟

*Buydown 1-0 Option will be paid by PrimeLending. Rate discount applies only to first year. Must apply for and lock loan through PrimeLending by 8/31/24 and loan must close by 12/31/24. Savings will reflect on the Closing Disclosure. Offer only available for FHA, VA, and USDA purchase loans. Excludes bond, broker, conventional products, high balance, jumbo products, portfolio products, construction loans, and refinances. Offer can be paired with PrimeLending VA No Lender Fees promotion, all other promotions are excluded. Certain loan programs do not allow buydowns. Additional restrictions may apply, contact a PrimeLending loan officer for details.

Not loving your rate options? We know how you can reduce your interest rate temporarily or even over the life of your loan. Two common options are discount points and a temporary buydown.

Discount points are upfront fees paid by a borrower to get a permanently reduced interest rate for the life of the loan. One mortgage point typically costs 1% of the mortgage value and reduces the interest rate by .25%. Mortgage discount points are a good option when you plan to stay in the home for a while and can reach your "break even" point.

A temporary buydown is a lump sum paid up front to an escrow account that is used to lower your monthly payments temporarily, thereby reducing the effective interest rate on your mortgage for the first 1, 2 or even 3 years When a seller contributes those up-front funds, this reduces your expense during the buydown period to help you ease into the costs of homeownership.

No matter what your needs are, we have solutions to help you. DM us today to explore all of your options.

We know it's exciting when you finally find a house you love and you’re getting ready to move! How you're going to decorate, what furniture you want to buy, etc. Here are some things NOT to do while you’re waiting to get to the closing table:

DON'T deposit large sums of cash
DON'T make any large purchases
DON'T cosign loans for anyone
DON'T switch bank accounts
DON'T apply for new credit
DON'T close any accounts
DON'T change jobs

Bottom line — everyone involved in the loan wants the process to go as smoothly as possible. Before you move money around or buy that new car while you're under contract on a home, always make sure you consult with US, your lender!

Feel like there aren't as many homes on the market as there used to be? That may be because many builders have been hesitant to take on new projects due to high costs of land, labor and materials. Fewer new builds means more demand for existing homes. Plus, with more people moving to cities, the competition among buyers has outpaced new construction and increased the price of homes and rent. Not to mention higher interest rates are keeping many homeowners in their homes while they waiting out the market before refinancing or moving.

Have more questions about the housing market or buying in 2024? Send us a DM and let's talk!

Source | Bank Rate: Why is housing inventory so low? Understanding the U.S. housing shortage.

Is your goal to become a homeowner? Receiving $1,250 in down payment or closing cost assistance* may be an important step in achieving that goal. Connect with us to learn more about program eligibility.

Product info as of 6/11/24, subject to change. *Certain restrictions apply, subject to Freddie Mac BorrowSmart assistance program guidelines. Not available in all areas. Homebuyer counseling is a requirement to participate in this program. Please contact your PrimeLending loan officer for more details.

Juneteenth is a time to celebrate freedom and the progress we've made — but it's also a time to acknowledge the work that still needs to be done. Consider supporting black-owned businesses, reading books by black authors, or attending local Juneteenth events to learn more about this important day.

Visit https://s.si.edu/3M7YvLa to read about the history behind Juneteenth.

We all know that mortgage rates play a vital role in determining the affordability and overall cost of homeownership. What factors play into how rates are determined? Let's talk about what you can control and the things you can’t!

Out of your control:
Mortgage rates are closely tied to the overall state of the economy. Economic factors such as monetary policy, inflation, and economic growth help determine the cost of borrowing money for the consumer.

What you CAN control:
Borrowers with a higher credit score indicate a lower risk to lenders, resulting in a more favorable mortgage rate. Additionally, borrowers with a larger down payment tend to have a lower loan-to-value (LTV) ratio. This measures the mortgage amount compared with the home's value. The lower the LTV, the less risk for lenders which means a lower rate to the borrower.

Have questions or want to know more about rates? Send us a DM! We're happy to answer your questions! 💬

If you've been following the NAR settlement - there was an important announcement for VA homebuyers. Let's talk about it!

The Department of Veterans Affairs (VA) announced a temporary policy change allowing VA home buyers to directly compensate their real estate agents. This update aims to enhance veterans' access to homeownership. The National Association of REALTORS® (NAR) advocated for this change.

The new policy permits eligible veterans, active-duty service members, and their spouses using VA home loans to pay for certain real estate broker fees effective 8/10/24.*

Want to chat more about the settlement or what it means for homebuyers? Send us a DM! We'd love to chat.

*Restrictions apply. Contact your PrimeLending loan officer for more details.

If you've looked explored mortgages before, you've probably heard about the 20% down payment rule. This number can be intimidating to many hopeful homebuyers, but thankfully the “20% rule" isn't necessarily true.

If you're able, you're certainly allowed to put the traditional 20% down, but by no means is that the only road to homeownership. At PrimeLending, our home loan programs range from zero-percent down to however much you're comfortable putting down. Swipe through to check out loan programs that might be available to you. Also, please reach out to me to learn about our Neighborhood Edge program which provides closing cost assistance to qualified borrowers.*

Questions? Send us a DM!

*Homebuyers who qualify for PrimeLending's NeighborhoodEdge program may receive up to $2,000 in closing costs assistance if property is located within PrimeLending eligible market and homebuyer's income is equal to or less than 100% of the area median income based on HUD guidelines. Additional restrictions may apply. Savings only applies to direct originations of first lien Freddie Mac HomePossible, Fannie Mae HomeReady, and FHA 203K Limited and Standard loan programs for purchase transactions only, and is not available on loans obtained through mortgage brokers. Only one offer per loan transaction is available, and savings may not be combined with other closing cost assistance programs. Savings will reflect on Closing Disclosure at closing.

Happy Father's Day to all the incredible dads, stepdads, grandfathers, and father figures who enrich our lives with their wisdom, strength, and love. Here's to all the cherished moments and life lessons shared.

Happy Father’s Day to all the incredible dads, stepdads, grandfathers, and father figures who enrich our lives with their wisdom, strength, and love. Here’s to all the cherished moments and life lessons shared.

Wanting to jump into the housing market this summer but don't know where to begin? It's always more fun to shop when you know what you want and how much you can afford. Here are 5 reasons to talk to a lender before you start house hunting:

• Determine your budget to narrow down your search.
• Getting an approval letter from a lender can strengthen your offer.
• Understand the loan options that may fit your needs and goals.
• Set expectations for additional costs associated with homeownership like closing costs, down payment requirements, property taxes, and insurance.
• Start getting the document collection out of the way now to make it easier on yourself when it's time to finalize the loan.

Have any questions? Send us a DM! 📩

Robert Nitz (Branch Manager, NMLS: 190853) and David Kulick (Loan Originator, NMLS: 1034355) had the privilege of teaching four classes at South Kitsap High School, equipping students with the knowledge and tools to confidently navigate the home buying process, understand the importance of credit scores, and make informed decisions about homeownership.

Alongside the core curriculum provided by Washington State Housing, guest speakers such as a home inspector, an insurance expert, a property manager, and many others generously shared their expertise and knowledge with the students.

We’re thrilled to have provided these students with insights they don’t typically receive in school, setting them up for future success. Thank you, Robert and David, for taking the time to educate!

As the warm and sunny days of summer approach, it’s the perfect time to give your home some extra attention and ensure it remains in excellent condition. These are your summer maintenance to-dos to keep your home in great shape.

-Clean your gutters and downspouts
-Service your air conditioning system
-Replace air filters
-Power wash the patio
-Check the weather stripping and caulk around the doors and windows

Give your home the attention it deserves and enjoy a worry-free summer season.

Whether you're buying a fixer-upper or want to update your current home, a renovation loan can help you bring your project to life. Benefits of a renovation loan include:
Affording and customizing a home in your dream neighborhood.
Finally make the home repairs you've been putting off.
Possibly increasing your home's value.
Roll the renovation costs into your mortgage so you have one loan and one monthly payment.

Thinking a renovation loan might be the best option for you? Reach out today – we're here to help. https://www.primelending.com/find-a-branch

Did you know the first mortgage in America was issued in the late 1700s? While the mortgage process has changed over the centuries, the dream of being a homeowner remains the same for many Americans. June is National Homeownership Month which serves as a way to celebrate being homeowners and continue to make homeownership an accessible, equitable opportunity for those who want to reach their homebuying goals. Connect with us to learn more!