📍 Government-Backed Loans Are Changing – Will You Still Qualify? If you’re planning to use an FHA or VA loan, be aware—new regulations could change who qualifies and how much you’ll pay. 🏦 What’s Changing? 🔹 Stricter loan qualifications—borrowers with low credit scores may see new limits.🔹 Funding fee adjustments—VA loans may become more expensive for some...
Buyers
📍 Steel & Aluminum Tariffs Are Making Homes More Expensive—Here’s What Buyers & Sellers Need to Know If you're buying a new home or renovating, be prepared for higher costs. Recent tariffs on steel, aluminum, and imported materials are driving up construction expenses, impacting home prices, affordability, and supply chain timelines. 🏗️ Why Are Prices Rising? ✅ Steel and...
📍 How the $1B+ Halt on Affordable Housing Impacts First-Time Buyers and Renters The American Dream of homeownership is facing a new hurdle. With over $1 billion in affordable housing funding suspended, first-time buyers, low-income families, and renters looking to transition into homeownership may find it even harder to purchase a home in 2024. 🏡 What’s Happening? In a move that has...
At Kory White Real Estate Group, we know that strong credit is key to unlocking your financial goals—whether you’re buying your first home, upgrading to your dream property, or qualifying for the best mortgage rates. If you’re consistently paying rent and utilities every month, why not have those payments help build your credit score? Here’s how you can start getting credit for the bills...
Getting pre-approved for a mortgage is one of the smartest moves you can make when starting your home-buying journey. But let’s be real—nobody loves paperwork! Knowing what documents you need ahead of time can help you breeze through the process and keep things stress-free. Whether you’re a traditional W-2 employee, a self-employed business owner, or a 1099 contractor, this guide covers exactly...
Buying a new construction home is an exciting journey, but if you're planning to visit a builder community on your own, it’s important to know how to protect your interests. Builders have their own sales teams working for them—not for you. That’s why it’s essential to follow a few key do’s and don’ts to ensure you get the best deal and avoid costly mistakes. 💬 Can we schedule 15 min to...
If you're actively working on improving your credit, you're already on the right track toward homeownership. However, if your credit repair process involves disputing accounts, you might be surprised to learn that this can temporarily prevent you from buying a home. Many buyers don't realize that open disputes on their credit report can cause issues when applying for a mortgage. Here’s why and what you...
Embarking on the journey to purchase a Barndominium or land involves understanding distinct financing processes tailored to each property type. This guide outlines the steps for both Barndominium and land loans, providing clarity to prospective buyers. Barndominium Loan Process: Evaluate Your Financial Standing: Credit Score: Ensure your credit score meets the minimum requirement of 660. A higher...
Purchasing a new construction home in Texas is an exciting milestone, but it can come with surprises—especially when it comes to property taxes. New homes often experience significant tax increases after the first year, which can lead to unexpected payment hikes if you’re not prepared. Let’s explore why these tax jumps occur, how they affect your mortgage payments, and strategies to minimize...
When you’re applying for a mortgage, one of the most critical parts of the process is providing the necessary documentation. The type of documents you need can vary depending on how you’re employed. Whether you’re a W-2 employee or a 1099 independent contractor, this guide breaks down the requirements so you can prepare with confidence. Documents Required for W-2 Employees If you’re a...