Weekly Newsletter – 01-26-18

Shining Star Funding Logo VIEW ONLINE
SHORT APP
VISIT OUR SITE

FEATURED LOAN PROGRAMS

img-300-230
img-300-230

203K Renovation Loans

True Grant

  • The FHA 203K Renovation loan allows a buyer to purchase (or refinance) and renovate a property with one loan and one closing.

  • With one loan, there is only one application, one set of fees, one closing and one monthly payment.

  • Improvements can include anything that adds value to the home, such as room addition, new carpeting, landscaping, plumbing, roofing or a new kitchen.

  • The loan can also be used for energy-efficiency improvements.

  • Zero interest never to be returned

  • Available for Conventional and FHA loans

  • Minimum Credit Score FHA 640 ; Conventional 640

  • Maximum Debt to Income 45%. Subject to Underwriter approval.

img-134-31
img-134-31

“To get rich, you have to be making money while you’re asleep.”

– David Bailey

img-300-29


WEEKLY MORTGAGE RATES AND LOAN APPLICATIONS

img-230-130
img-230-130

Weekly Mortgage Watch – January 25, 2018

Weekly Mortgage Applications – 01-24-2018

  • 30 Year Mortgage Rate increased to 4.15% compared to 4.04% last week. The 30 year rock bottom rate touched in last 10 years is 3.42%

  • 15 Year Mortgage Rate increased to 3.62% compared to 3.49% last week. The 15 year rock bottom rate touched in last 10 years is 2.71%

  • 5/1 Adjustable Rate Mortgage Rate increased to 3.52% compared to 3.46% last week. The 5 year rock bottom rate touched in last 10 years is 2.67%

  • Rates are still low. Purchase or Refinance before rates move up further

  • Mortgage applications increased by 4.5% for the week ended January 25, 2018

  • Mortgage apps move in the inverse direction of rates

  • Rates are still extremely low, so get your fixed rate loans now.If already on a fixed  30 year rate, change to a 15 year fixed loan and cut your term!

  • Share your comments on our Facebook page!

img-134-31
img-134-31

“Be brave. Take risks. Nothing can substiture experience.”

– Paulo Coelho

img-300-29


HOUSING AND ECONOMIC DATA

Freddie Mac Mortgage Rate Trend Actuals Vs Forecasts – October 2017

img-400-300
  • 30 year Fixed Mortgage Actual Rate decreased to 3.9% in 3rd quarter of 2017. Forecast 4th quarter of 2017 is still 3.9%. Forecast for 1st quarter of 2018 is 4.1% and will increase to 4.6% in 4th quarter of 2018

  • 10 year Const. Mat. Treas Actual Rate decreased to 2.2% in 3rd quarter of 2017. Forecast for last quarter of 2017 is also 2.2%. Forecast for 1st quarter of 2018 is 2.4% and will increase to 2.8% in last quarter of 2018

  • 5/1 year Hybrid Treas Indexed ARM Actual Rate is 3.2% in 3rd quarter of 2017. Forecast for last quarter of 2017 will decrease to 3.1%. Forecast for 1st quarter of 2018 is 3.3% and will increase to 4.0% in last quarter of 2018

  • Share your comments on our Facebook page

img-134-31

img-230-300
img-230-300

Freddie Mac Unemployment Rate – Consumer Prices – Real GDP – Actual and Forecasts – October 2017

Freddie Mac Housing Starts – Home Sales – House Price Appreciation – Home Price Index – Actual and Forecasts – October 2017

  • Actual unemployment rate for 2nd quarter of 2017 is at 4.4%. Forecast unemployment rate for 3rd quarter and 4th quarter of 2017 will be 4.4% and 4.3% respectively. Forecast unemployment rate for 1st quarter of 2018 will be 4.4% and will increase to 4.5% in the last quarter of 2018

  • Actual CPI for 2nd quarter of 2017 is at -0.3%.  Forecast for 3rd quarter of 2017 is 2.1% and will be 2.2% in the last quarter of 2017. Forecast for 1st quarter of 2018 is 2.3% and will increase to 2.5% in the last quarter of 2018

  • Actual Real GDP is at 3.1% in 2nd quarter of 2017. Forecast for 3rd quarter of 2017 is 2.1% and will be 2.2% in the last quarter of 2017. Forecast for 1st quarter of 2018 is 2.1% and will increase to 2.2% in the last quarter of 2018

  • Share your comments on our Facebook page

  • Housing Starts actual decreased to 1.17 Mn in 2nd quarter of 2017. Forecast for 3rd quarter of 2017 is 1.20 Mn going up to 1.26 Mn in last quarter of 2017. Forecast for 1st quarter of 2018 is 1.30 Mn going up to 1.35 Mn in last quarter of 2018

  • Total Home Sales Actual decreased to 6.17 Mn in 2nd quarter 2017. Forecast for Total Home sales for 2017 is at 6.00 Mn in 3rd quarter of 2017. Total Home sales for 2018 is at 6.15 Mn in 1st quarter and up to 6.40 Mn in the last quarter

  • FMHPI house price appreciation actual is at 1.7% in 2nd quarter of 2017. House price appreciation forecast for 2017 is at 1.3% in the 3rd quarter of 2017. House price appreciation forecast for 2018 is at 1.3% in the 1st quarter and 1.1% in the last quarter

  • Share your comments on our Facebook page!

img-134-31
img-134-31

“Doing what you like is freedom, liking what you do is happiness.”

– Anonymous

img-300-29


FEATURED LOAN PROGRAM

img-400-300

Zero Down Loan

  • Down Payment Assistance (DPA) for up to 5%. DPA is a true grant bearing no interest with no repayment required. FICO 640+

  • Owner Occupied homes only. Owner Occupied homes only Not limited to first time homebuyers.

  • Subject to underwriter approval.

  • DPA is only for down payment and closing costs. No cash back allowed.

img-134-31

img-230-300
img-230-300

Remove Mortgage Insurance

Jumbo Loan

  • Single loan to 95% with no mortgage insurance (with lender paid mortgage insurance)

  • Break up your loan into 80% first and 10% second and save MI.

  • Refinances and Purchases OK. Refinance to 80% and get rid of MI

  • Automated underwriting only

  • With a jumbo mortgage, you’ll get low rates for your jumbo loan

  • Loan amounts as low as $300,000 and up to $2.5Mn

  • Back end ratios to 49.99%. Interest only options

  • Asset Depletion program.We can use estimated income based on assets in hand

img-134-31
img-134-31

Quick Turnaround and Closing

With inhouse underwriting and funding. Call me and let’s make it happen!

img-500-286
img-134-31
SCHEDULE A LOAN OFFICER PHONE CALL
FILL OUT THIS SHORT APPLICATION FORM NOW

“Whenever you see a successful business, someone once made a courageous decision.”

– Peter F. Drucker

img-300-29


WEEKLY NEWS UPDATE!

Mortgage applications jump 4.5% as buyers rush to beat higher rates

img-300-29

img-146-90

MBA: Mortgage applications on the rise even as interest rates continue climbing

img-300-29

img-146-90

2017 was the year of the red-hot job market

img-300-29

img-146-90

Data Shows Mortgage Applications on the Rise

img-300-29

img-146-90

“I am a great believer in luck, and I find the harder I work the more I have of it”

– Thomas Jefferson

img-300-29


OTHER NICHE LOAN PROGRAMS

Product Loan And Niches

Niche Loan Programs

img-230-130
img-230-130
  • Conventional Loan

  • FHA Loans

  • 100% VA Loans

  • Jumbo Loans

  • Zero Down Loan

  • 2 VA Loans

  • 1 Year Tax Verification

  • Remove Mortgage Insurance

img-134-31
img-134-31

Second Opinion Doesn’t Hurt!

Talk to me today about your scenario and let me help you find the perfect solution for you!

img-500-286
img-134-31
SCHEDULE A LOAN OFFICER PHONE CALL
FILL OUT THIS SHORT APPLICATION FORM NOW

    

USEFUL LINKS

Short App

Unsubscribe

 

ABOUT US AND CONTACT US

About Shining Star Funding

Telephone: 925 820 2981

Toll Free:     866 280 0020

Email:          [email protected]

image_pdfimage_print

Leave a Reply

Your email address will not be published. Required fields are marked *