Jeff Statz

Branch Manager at Summit Mortgage Corporation.
20 year veteran of real estate finance & buying homes
Got any questions? DM me

NMLS 36442

[Jeff Statz @PrimeStatz]

Advice | How one columnists daughter built her credit score from 0 to 800 over a year https://t.co/ynU721e2Xl

[Jeff Statz @PrimeStatz]

For the past 4-quarters, the moving average is the highest since 1985

https://t.co/dRGK35aQYO

[Jeff Statz @PrimeStatz]

Highest all-cash purchase transactions percentage since 2014
https://t.co/LPL0jLjJ4K

[Jeff Statz @PrimeStatz]

House market overview for mid-Nov
https://t.co/GXrPRixLnH

[Jeff Statz @PrimeStatz]

States Where Closing Costs Are Highest and Lowest
https://t.co/r8To6rHZKt

[Jeff Statz @PrimeStatz]

Airbnb Shifts to a New Type of "Host" https://t.co/vYUUUbfq12

[Jeff Statz @PrimeStatz]

Conventional loans are improving their min down payment requirements for 2-4 unit purchases on Nov 18th.

Less down means greater buying flexibility. I wrote this so home buyers can get a head start.

Please read and share:
https://t.co/qsJUiWta9k

[Jeff Statz @PrimeStatz]

USDA Loan Guide for Purchasing a House
It's written by me, so feel free to forward the article to friends who are buying or DM me about your house buying scenario
https://t.co/T6S38norQ7

[Jeff Statz @PrimeStatz]

Happy Fiscal New Year to the USDA Rural Housing (RH) program!
https://t.co/7Anx6MNawm
Funds are now replenished for the new fiscal year.

Misconception: USDA programs are only for farms - those are AG Loans

This RH program is just for home loans. Drop me a line for more info

[Jeff Statz @PrimeStatz]

Redfin is calls it quits with NAR https://t.co/IzhpxdZFxO

[Jeff Statz @PrimeStatz]

A local org that I care about and I don't ask this often, but please reshare if you can https://t.co/i8Kd9N7Kyr

[Jeff Statz @PrimeStatz]

FHFA announces next phase of public engagement for updated credit score requirements. Here's the skinny:

‣ Bi-merge credit reports, instead of tri-merge
‣ Rather than FICO Classic, updated scoring models are FICO Score 10T and VantageScore 4.0

https://t.co/cztDAUlKw5

[Jeff Statz @PrimeStatz]

HGBI data shows that on average 53% of all single-family building occurs in large metro areas
https://t.co/Z56M7gyBn5

[Jeff Statz @PrimeStatz]

The primary factors that affect rates:
What Causes Mortgage Rates to Change? https://t.co/Jqt0jViMEf

[Jeff Statz @PrimeStatz]

Households’ real estate assets increased by 5.78% from Q1 to Q2 2023

https://t.co/hbk6J0XOIE

[Jeff Statz @PrimeStatz]

What does the future hold for the Consumer Price Index (CPI) report?

https://t.co/PZectyy1LB

[Jeff Statz @PrimeStatz]

Check with your lender about required down payment options for your home search area. Chances are that it's lower than you think and programs are available for greatly reduced mortgage insurance.

https://t.co/M0ra9bvKVY

[Jeff Statz @PrimeStatz]

Two primary Conventional lending guide updates:

» 3D-printed homes are now specified as traditional and eligible for Conventional financing programs.

»Trust income
Variable requires a 24mo history
Fixed payments require 12mo history (with exceptions)

https://t.co/GbPxZdGfKi

[Jeff Statz @PrimeStatz]

Pricing adjustments for every Conventional loan*
https://t.co/r0a9gkqqfk

* Excludes affordable lending programs for incomes under 100% of the area median income

[Jeff Statz @PrimeStatz]

Interest rates vs costs is one the highest valued questions that don't get brought up enough:
https://t.co/r8nx8eVLP8

Bottom-line: ask your lender to price your specific scenario, instead of relying on online tables and assumptions