Champion Pro Partners

The interest rate for a 30-year fixed rate mortgage reached 6.02% this month - the average rate for this same type of loan was only 2.86% one year ago & this is the first time it has been above 6% since 2008!!

If you are looking to purchase a home and will need financing, you understand the importance of your credit and its impact on the types of loans you will qualify for. Contact our professional team today for your free credit analysis & allow us to help you prepare for your next home purchase!

Mortgage Rates Top 6% for First Time Since 2008 Monthly mortgage payments are 60% higher than a year ago, according to NAR. Buyers can save by shopping around for different types of loans.

According to the National Association of Realtors, 48% of buyers' offers were above the home's asking price - nationwide! On average, these offers were approximately 2.9% above list price.

Another recent real estate survey indicates that there were nearly five five offers for every home sold in the United States during February 2022.

If you are looking to purchase a home, you can expect to face steep competition among other buyers in the real estate market. Having the right credit score is a crucial aspect of qualifying for a home loan, and ensuring that you are prepared when you find your next property. Contact our professional team for a free credit consultation today!

Competition Heats Up With 5 Offers Per Home Sold Buyers typically lose out on two homes before succeeding on the third try, according to a new NAR analysis.

According to a survey conducted by the National Association of Realtors, there is a misperception amongst consumers regarding the down payment requirements when purchasing a home.

35% of participants believe that they need a down-payment of 16-20% of the home purchase price, & 10% believe that a down-payment of more than 20% of the purchase price is necessary. The average down payment for first time home-buyers (based upon the previous three years) is surprisingly only 6 to 7% of the purchase price.

While a person's financial circumstances is a key component of the home buying process, the credit aspect is equally important. If you're unsure if you will qualify for a home loan based upon your credit, please contact our professional team for a free consultation; we would love to help make your homeownership dreams a reality!

Down Payment Misperceptions Persist Some aspiring homeowners may miss opportunities due to being misinformed about home financing.