GREENWAY BLOG

19 February 2025

Everything You Need to Know About FHA Home Loans

  Achieve Your Homeownership Dreams with an FHA Loan Buying a home is a significant milestone, and for many, securing the right financing can make all the difference. If you're a first-time homebuyer or someone with less-than-perfect credit, an FHA loan might be the perfect solution. Backed by the Federal Housing Administration, FHA loans provide an accessible path to homeownership with lower down payments and flexible qualification requirements. What is the Federal Housing Administration (FHA)? The Federal Housing Administration (FHA) is a government entity that insures mortgage loans issued by FHA-approved lenders. This insurance minimizes...

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14 February 2025

MarketMinute | Rental and for-sale inventory news

Consumer prices increased the most in 1.5 years in January, reinforcing the Fed's message that it was in no rush to resume cutting policy rates. In Congressional testimony, Fed Chair Powell said the economy is doing well and the Fed can take its time to decide on future policy rate cuts. New applications for unemployment benefits fell last week, suggesting the labor market remained stable early in February.  Purchase mortgage applications declined again, falling 2% for the week. Demand was 2% higher...

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13 February 2025

VA Home Loans: A Hero’s Path to Homeownership

  For those who have served our country, homeownership is more than just a milestone—it’s a well-earned benefit. VA home loans provide veterans, active-duty service members, and eligible spouses with exclusive financing options that make buying a home more affordable and accessible. What Is a VA Home Loan? A VA home loan is a government-backed mortgage program designed specifically for military personnel. These loans are guaranteed by the U.S. Department of Veterans Affairs (VA) and offered through approved lenders like Greenway Mortgage. Unlike conventional loans, VA loans come with significant advantages that help veterans achieve homeownership...

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7 February 2025

MarketMinute | More sellers are cutting prices

The monthly JOLTs report showed a drop in job openings during December. Hiring, voluntary quits, and layoffs held steady. Treasury Secretary Bessent said the Trump administration will focus on driving the 10-year Treasury yield lower, which may help mortgage rates. New tariffs on Canada and Mexico were delayed for 30 days, helping mortgage rates remain at current levels.  Purchase mortgage applications fell 4% from the previous week, though they were flat from the same week a year ago....

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3 February 2025

Pre-Approved for a Mortgage Loan? Stick to the Game Plan!

Pre-Approved for a Mortgage Loan?  Huddle up! You’ve been pre-approved—great start! But just like in football, getting to the end zone (aka closing day) requires strategy, discipline, and avoiding costly penalties. One key play to remember: Your credit and financial history aren’t just evaluated when you get pre-approved—they can be reviewed again at any point before closing. Any major financial moves could sideline your approval. Here are some “fouls” to avoid so you can make it all the way to homeownership: 🚩 Don’t open new credit lines or close current ones. Your credit history is a major factor in...

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