Pacific Union Financial, LLC Hires Wholesale Leader, Michael J. Royer

Pacific Union Financial, LLC named experienced Wholesale leader Michael Royer Executive Vice President of Wholesale Lending. Michael has more than two decades of mortgage experience and a strong background building Wholesale teams in the mortgage industry. “As Pacific Union makes strategic moves to build our Wholesale team, Michael Royer is the obvious choice to lead…

FHA Increases Loan Limits for 2018

The Federal Housing Administration announced recently that they are increasing the FHA loan limits for 2018. FHA loans are originated by FHA-approved lenders and are insured by the FHA as part of the public mandate to assist Americans in purchasing a home. The 2018 increase affects nearly every area of the United States, more than…

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….

When Disaster Strikes

In the aftermath of a disaster, when you and your family are struggling with the overwhelming day-to-day recovery, it can be hard to know how to proceed. We at Pacific Union Financial hope these suggestions can help. First Steps When alerted to an incoming storm or other potential emergency, a little preparation can go a…

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…

Can You Get a Home Loan with Bruised Credit?

Many people view home ownership as something that is out of reach, whether it’s due to their financial situation, their inability to afford a down payment, or their challenged credit score. But the truth is that home ownership can be a much more viable option than you might believe, even if you have bruised credit….

Analyzing Millennial Home Buying Behavior

A very detailed report on millennial homebuyer behavior was recently released by the Ellie Mae Millennial Tracker. The millennial group is hugely important to the American economy, particularly the mortgage market. With 70 million people, millennials are now the largest living generation. How they view homeownership and their ability to acquire credit for a mortgage…

Buy and Renovate with a Single Mortgage

One of the mainstays within real estate is the concept of a fixer-upper. This type of description often describes an older home that requires a little love and care. Whether it needs some maintenance or a complete renovation, the potential homebuyer is faced with a problem. Do they buy the home now and then save…

The Pacific Advantage: Government Loans

Welcome to our Product Overview for Mortgage Pros. Pacific Union Financial recognizes what should be obvious, but seldom is – folks with mortgage expertise need the best tools in order to succeed. So we provide them. This series demonstrates that we have the range of products and tools to help accomplished mortgage professionals do what…

FHA Set to Increase Mortgage Limits in 2017

The Federal Housing Authority, or FHA, has announced that they are going to increase mortgage loan limits starting January 1, 2017. Each year the FHA evaluates the mortgage market and makes adjustments to lending limits based on home prices in individual areas. The increase will last the entire year, when the FHA will make another…