FlexKey Adds Foreign National Enhancements

Pacific Union Financial’s exclusive FlexKey loan program just got even better. We’ve added Foreign National enhancements to our Non-Agency suite of products, and we think lenders and borrowers alike will be pleased. What is FlexKey? Designed with atypical mortgage situations in mind, FlexKey is a suite of loan products available only from Pacific Union. For…

Disaster Relief Programs from Pacific Union Financial

In the aftermath of several natural disasters across our country, Pacific Union Financial would like to remind our business partners of the disaster relief programs we offer. We also offer an additional resource for impacted borrowers and potential borrowers you can share to your social media here. The Wholesale, Retail and Correspondent Channels of Pacific Union offer FHA 203(h) loans….

4 Tips for FHA Mortgages

FHA mortgages are very popular, partially due to their low down payment requirements for qualified borrowers. As little as 3.5% down is required for candidates that meet the credit score requirement. That means for a house that costs $100,000, the borrower only needs $3,500 down, which is very attractive in today’s market. Understanding the ins…

Fannie, Freddie Announce URLA Delay

On Sept. 26, Freddie Mac published a joint statement with Fannie Mae discussing the upcoming changes to the Uniform Residential Loan Application (URLA). The new URLA will be delayed until July 2019, and will become mandatory on all new loan applications in February of 2020. After a transition period, old URLA forms will no longer be…

Female Millennials Have Higher Credit Scores

According to the United States Census Bureau, millennials are the largest living generation of Americans, with over 80 million today. Their importance to the economy, specifically the housing and mortgage markets, is hard to overstate. Industry experts have spent a lot of time and energy understanding how this group will act towards buying and financing…

Why Loan Officers & Financial Advisors Make a Perfect Combo

Loan officers and mortgage brokers looking to build professional networks would be wise to consider financial advisors. They make a perfect combination. Financial advisors, quite simply, provide financial advice for their clients. This can come in many different forms, including estate planning, investment management, tax preparation, and more. The term financial advisor is a broad…

The Changing Psychology of Homebuying

A recent study by Redfin that spanned 3,000+ homebuyers across 11 different homebuying markets revealed some interesting changes into the trends of homebuying. The way that Americans are buying homes and the things that are important to them when buying are changing. Understanding these changes as well as why these changes are occurring is vital…

New Goals for Fannie & Freddie

A new rule is being considered for Fannie Mae and Freddie Mac which would create new housing goals for underserved markets. The Federal Housing Finance Agency (FHFA) proposed the rule with the goal of expanding accessibility to credit for certain types of homebuyers and certain types of markets. They hope to help more Americans acquire…

Fannie & Freddie to Help Underserved Markets

Government-sponsored enterprises are corporations that were created by Congress for expanding the offering of financial services to all Americans by assisting with the flow of credit across aspects of the economy. GSEs have a net benefit for the borrowers, by making credit more accessible; for the lender, by reducing risk of defaulted loans; and for…

Starter Home Alternatives for New Homebuyers

Housing costs continue to increase quarter after quarter nationwide. With more and more buyers entering the market as the economy continues to recover, as well as a shortage of starter homes for sale, many first-time homebuyers are finding it very difficult to purchase their first home for a reasonable price. Many builders are focusing on…