The Boutcher Group

VP | Sr. Loan Officer | NMLS ID #1063065
Atlantic Coast Mortgage, LLC

[Mortgage Bankers Association @MBAMortgage]

Check out MBA president and CEO Bob Broeksmit letter to @WSJ on the FHA's new premium change.

https://t.co/ZnRBkhIH9u

[The Boutcher Group @BoutcherGroup]

Effective March 20th, 2023, the FHA mortgage insurance premium (MIP) will be decreasing by 30 basis points (BPs). This exciting change is expected to provide some homebuyers and homeowners an estimated savings of $800 per year. #FHA #FirstTimeHomebuyer @ACMlending

[The Boutcher Group @BoutcherGroup]

Hesitation to buy due to the current interest rate environment is a common sentiment among buyers. Between now and 6/30/2023, our Rate Saver+ program will allow buyers to refinance with no application or processing fees. Contact us today for program specifics. @ACMlending

[The Boutcher Group @BoutcherGroup]

Looking for a creative way to navigate rate-sensitivity in this market? @ACMlending offers 1/0 and 2/1 buydown programs that allow qualified buyers to temporarily reduce their interest rate between 1% and 2% for the first 12-24 months. Reach out today for more details!

[James Kleimann @jameskleimann]

Huge news in #mortgage: Wells Fargo is exiting the correspondent mortgage business and shrinking its servicing portfolio. Story TK on @HousingWire

[The Boutcher Group @BoutcherGroup]

In 2023, the conforming loan limit has increased to $726,200, and the high balance limit has increased to $1,089,300. First-Time buyers can purchase up to $748,660 with as little as 3% down and in high cost areas buyers can purchase a home at $1,146,632 with as little as 5% down.

[Mortgage News Daily @mortgagenewsmnd]

Mortgage Rates Approaching 4-Month Lows
30 Yr. Fixed: 6.14% (-0.06% ▼) | 15 Yr. Fixed: 5.40% (-0.30% ▼) |
https://t.co/6M8uv5ojKI

[The Boutcher Group @BoutcherGroup]

@ACMlending has waived all origination fees for VA loans. If you are an active duty servicemember, reservist, or veteran, reach out today for more information on our VA mortgage programs. #VALoans #mortgages