New Mortgage Loan Revisions To Stimulate The Market

2017 has opened with new revisions in the mortgage market to hopefully stimulate the market and allow more homes to be sold and get financing. USDA has lowerd its up front guarantee fee from 2.750% to 1.00% and its monthly USDA fee from .50 % to .35 % of the loan amount. Conventional loans have increased the maximum loan amount to $424,100 from $419,000 which was the max. in most areas. FHA and VA has increased their maximum loan to $271,050 in most areas. These moves are just a few of the new revisions introduced for the 2017 market and these revisions should increase sale...

January 6th, 2017 New Mortgage Loan Revisions To Stimulate The Market

The Trump Effect On The Mortgage Market

The Trump effect on the financial markets is overwhelming! The doom and gloom projected has turned out to be anything but. The stock market has increased to record highs and the consumer's trust seems to have increased as well. With all of this enthusiasm is the effect on the mortgage interest rates which have increased about 1/4%.This may continue, so it would be wise to act now on a new purchase or refinance. For the best service and rates in Virginia for 30 years, give us a call at Diversified Mortgage Brokers- Tel.:434-237-3143, email:, web: .

December 2nd, 2016 The Trump Effect On The Mortgage Market

Mortgage Loan Market Post Election

The election is over-thank God! Everyone did survive, although emotions run high. The stock market is great, and the mortgage market is wonderful. Rates are still very low and before that changes, home buyers and home owners should give serious attention to locking in on a new purchase or refinance.The Feds have not pulled the trigger on raising rates... yet, so now is the time to act, as the enevitable hikes will come. Let Diversified Mortgage Brokers help you in your quest for the best rates and service available. We dominate in Virginia aftyer 30 years, and we can be reached by te...

November 11th, 2016 Mortgage Loan Market Post Election

Which Mortgage Loan Type Is Best ?

Are you in need of a mortgage loan and do not know which type loan would be best for you? If you are a veteran, then a VA loan is hard to beat, but if you are not, then in most cases you will choose between a Conventional, FHA, or USDA loan. USDA can allow $0 down which is very attractive, and USDA does not have mortgage insurance involved, so with little or no $ down this would be the best bet with the following restrictions: 1) the home must be in the County, and 2) the total household income must be under the USDA county threshold, 3) USDA does have an up front USDA fee ...

October 21st, 2016 Which Mortgage Loan Type Is Best ?


Mortgage interest rates are at the lowest level you will ever see in your lifetime. Conventional 30 year rates and APRs as low as 3.375% and 15 year rates and APRs as low as 2.750%. FHA, USDA, and VA rates and APRs are as low as 3.250% for 30 year loans and 2.750% for 15 year loans. This is unbelievable and allow for lower house payments and more home for the dollar. With the election coming soon and the craziness in the economy, I dare say that those who do not take advantage of these low rates will be kicking themselves for not acting. Can you believe that many current homeowners still ...


Quit Stalling, It Is Time To Act

Now is the time to act! Rates have been so good for so long, BUT the Feds state that they will start to raise the rates. Also, history shows that rates seem to always go up in an election year. Plenty of home buyers have been stalling and for what? There are also plenty of homeowner's with current % rates over 4.500%-what are they doing? Prices are low, rates are still extremely low, and soon there will be screaming that many missed the boat. So the time to act is NOW! For your loan need in Virginia since 1989, call on us at Diversified Mortgage Brokers and let us run the #s...

September 9th, 2016 Quit Stalling, It Is Time To Act

Diversified Mortgage Brokers

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