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VA Loans: What to Know and How to Apply
VA Loans: What to Know and How to Apply 1024 536 Onawa Rock

The VA loan is arguably one of the best incentives tied to military service. Despite being an incredible home-purchasing tool, many of those eligible to utilize it are not aware of all of its benefits…

Mortgage Relief: What Is Forbearance?
Mortgage Relief: What Is Forbearance? 1024 536 Onawa Rock

The stress of a looming mortgage payment can feel crushing when finances take a downturn. In response, many homeowners begin searching for relief options until they can get back on their feet. Forbearance is a…

Save Big Time on a Mortgage Refinance as Rates Hit 3-Year Low
Save Big Time on a Mortgage Refinance as Rates Hit 3-Year Low 1024 536 hooter

The average rate on the 30-year fixed mortgage just hit 3.49%, according to a survey by Mortgage News Daily. That’s down from 3.8% at the start of January and 4.58% a year ago. About 9.4…

How Interest Rates Affect Your Affordability
How Do Interest Rates Affect My Purchase Power?
How Do Interest Rates Affect My Purchase Power? 1024 536 Vellum Mortgage

Nothing affects a home’s affordability more than interest rates. After all, we live with the monthly payment, not the amount of the loan. The higher your mortgage rate is, the higher your monthly payments are…

Is a Mortgage Pre-Approval Necessary to Make an Offer on a Home?
Is a Mortgage Pre-Approval Necessary?
Is a Mortgage Pre-Approval Necessary? 1024 536 Vellum Mortgage

Do you need a mortgage pre-approval letter to make an offer on a house? You know you need to get your ducks in a row before looking at homes, but does that include securing a…

We're Hiring a Mortgage Underwriter
Residential Mortgage Loan Underwriter
Residential Mortgage Loan Underwriter 1024 536 Vellum Mortgage

Job Summary: We are seeking a Senior Underwriter to partner with our loan origination staff in the creation of high quality, insurable mortgage loans. The Senior Underwriter will evaluate collateral and credit packages for mortgage…

Conforming & VA Loan Limit Changes for 2020
Conforming & VA Loan Limit Changes for 2020
Conforming & VA Loan Limit Changes for 2020 1024 536 Vellum Mortgage

FHFA Announced Increase in Conforming Loan Limits for 2020 The Federal Housing Finance Agency announced that it is raising the conforming loan limits for Fannie Mae and Freddie Mac to more than $510,000. In most…

Top Tax Benefits of Owning a Home
Top Tax Benefits of Owning a Home
Top Tax Benefits of Owning a Home 1024 536 Vellum Mortgage

Owning a home will often be the most expensive and important purchase you will make in your life. To encourage home ownership, the IRS has provided several tax breaks for owning a home. Deductions lower…

Credit Tips for First-Time Homebuyers
Credit Tips for First-Time Homebuyers
Credit Tips for First-Time Homebuyers 1024 536 Vellum Mortgage

When applying for a mortgage loan, your credit will be one of the key factors in whether you’re approved, and it will help determine your interest rate and possibly the loan terms. It’s a good…

Happy Veterans Day.
Happy Veterans Day.
Happy Veterans Day. 1024 536 Vellum Mortgage

20% Down Payment? Not Anymore!
Grants & Down Payment Assistance Programs
Grants & Down Payment Assistance Programs 1024 536 Vellum Mortgage

A 2017 Zillow survey of 10,000 American adults found that two-in-three people who were then renting identified saving for a down payment as their biggest obstacle to homeownership. If you want to become a homeowner,…

101% Yours. No Mortgage Insurance.
101% Yours
101% Yours 1024 536 Vellum Mortgage

101% Financing, No Mortgage Insurance Owning a home is the American Dream! Whether you are a first-time buyer or moving up, we’ve made it easier than ever to get into a new home…even helping with…

Let’s Get Started Financing Your Home

You’re so close to being a homeowner or refinancing to meet your financial goals. Let’s do this!

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