Most people searching for a home will likely need some form of financial assistance to make the home purchase. Mortgage loans are a type of loan given by a bank or lender designed to be applied towards home purchases. There are all kinds of mortgage types, designed with different financial needs in mind. We’ll walk through the types of mortgages, what they mean for the borrower (you), and some tips for getting approved. Read More “Finance Buying a House with a Home Mortgage Loan”
In 2021, the supply and demand imbalance fueled runaway house prices, as well as incredible competition as the limited supply of housing available was snapped up quickly. Sellers were clearly in control and there’s unfortunately no sign of that dynamic abating in 2022. According to the latest Market Pulse Report from HouseCanary, a real estate valuation brokerage, inventory levels dropped again in December to near-record lows. HouseCanary expects the nationwide shortage of homes for sale to persist well into the spring, projecting another double-digit home price increase by the end of 2022. Read More “Is There Any Relief in Sight For the Housing Shortage Supply?”
Buying your first home is a major, expensive decision, and you shouldn’t start the process without doing any research. Knowing what to expect during the home buying process can save you from possible mistakes, and give you the confidence you need to dive head first into the home buyer pool. One of the biggest challenges of buying your first home is knowing where to start. Luckily, Homes for Heroes has the complete first time home buying process laid out for you to review. Let’s go through what you’ll need to know and do to buy your first home. Read More “What to Expect from the First Time Home Buying Process”
What’s the best way to get mortgage-ready in this crazy competitive housing market? All of the headlines out there suggest it’s a tough market for buyers, and that’s true. So, should you try getting a mortgage with bad credit? The quick answer is “yes”. But, you need to start improving your credit goals immediately, as the housing market will only get more competitive. The housing market has been on a trajectory that has seen home prices skyrocket as demand soars beyond available inventory. This helped raise mortgage borrowing to record heights last year, and is expected to drive lending even higher this year. Read More “How to Get a Mortgage With Bad Credit”
The Homes for Heroes Foundation presented a $5,000 grant to the Colorado Nurses Foundation in December, 2021. The Colorado Nurses Foundation commits to advancing the nursing profession through education, advocacy, and recognition. This includes providing scholarships and grants to make education more accessible to future nurses. Read More “Homes for Heroes Foundation Provides Support for Colorado Nurses Foundation”
As we start a new year, one of your resolutions might be to buy a house in 2022. But with an intimidating housing market, you might not be sure if now is the right time, or if you’re prepared to buy a house. We’ve looked at the trends from the end of 2021 to make predictions for the housing market in 2022 to give you a better idea on if 2022 is the year for you to buy a home.
Where there’s a will there’s a way! Despite most people struggling to find a home in today’s hot housing market for the ninth fiscal year in a row, mortgages to our Veteran’s increased year-over-year, up 11.4% compared to fiscal year 2019, according to data from the Department of Veterans Affairs. Overall, the Department of Veterans Affairs loan insurance program backed an all-time record high 1.2 million loans. Read More “What housing shortage? Veteran mortgages hit an all-time record high”
The global pandemic triggered home buying fever in the United States. In many housing markets, high demand squeezed some homebuyers out of the running for getting a home. Although all signs point to more of the same in 2022, hero home buyers should be aware of the home buying assistance programs available to help them successfully buy a home in the 2022 top housing markets. Read More “Buying a Home in the 2022 Top Housing Markets with Homes for Heroes”
The housing market is hot. It’s so hot, the unprecedented appreciation homeowners have experienced over the last couple of years has directly contributed to making American wealthier, new research show. Here’s how it breaks down. Read More “Becoming a Homeowner is a Smart, But Tough, Move In Today’s Market”
Since 2015, Homes for Heroes Foundation has been providing assistance to heroes in the community. What began as critical housing assistance on an individual basis has evolved to monthly $5,000 to $10,000 grants from the Foundation to nonprofits across the country. As the needs of heroes grew, so did the need to increase the grants. The Homes for Heroes Foundation is proud to announce that they surpassed $1 million in grants in December, 2021.