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Noel Veitia

NMLS ID 277729

305-851-5225 nveitia@dgpinnacle.com

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VA Home Loans by the Numbers [INFOGRAPHIC]

The Veterans Administration (VA) Home Loan is a benefit that is available to more than 22 million veterans and 2 million active duty service members to help them achieve the dream of homeownership. In 2018, $161 billion was loaned to veterans and their families through the program. In the same year, the average loan amount was $264,197 and 610,513 loans were guaranteed.

November 14th, 2019 | First Time Home Buyers, For Buyers, infographic, Move-Up Buyers, VA Home Loans by the Numbers [INFOGRAPHIC]

75 Years of VA Home Loan Benefits

Today, on Veterans Day, we salute those who have served our country in war or peace, and we thank them for their sacrifice. This year marks the 75th anniversary of VA Home Loan Benefit offerings through the Servicemen’s Readjustment Act, also known as the GI Bill. Since 1944, this law has created opportunities for those who have served our country, ranging from vocational training to home loans. Facts About VA Home Loans: Nearly 24 million home loans have been guaranteed by the Veterans Administration. Nearly 82% of VA home loans are made with no do...

November 13th, 2019 | First Time Home Buyers, For Buyers, Move-Up Buyers, 75 Years of VA Home Loan Benefits

Homeownership Rate Remains on the Rise

In the third quarter of 2019, the U.S. homeownership rate rose again, signaling another strong indicator of the current housing market.   The U.S. Census Bureau announced, “The homeownership rate of 64.8 percent was not statistically different from the rate in the third quarter 2018 (64.4 percent), but was 0.7 percentage points higher than the rate in the second quarter 2019 (64.1 percent).” Today there is still a lack of inventory, particularly at the entry and middle-level segments of the market, but that is not stopping buyers from making ever...

November 12th, 2019 | For Buyers, For Sellers, Housing Market Updates, Homeownership Rate Remains on the Rise

How to Determine If You Can Afford to Buy a Home

The gap between the increase in personal income and residential real estate prices has been used to defend the concept that we are experiencing an affordability crisis in housing today. It is true that home prices and wages are two key elements in any affordability equation. There is, however, an extremely important third component to that equation: mortgage interest rates. Mortgage interest rates have fallen by more than a full percentage point from this time last year. Today’s rate is 3.75%; it was 4.86% at this time last year. This has dramatically increased a purchaser&rsq...

November 11th, 2019 | First Time Home Buyers, For Buyers, interest rates, Move-Up Buyers, Pricing, How to Determine If You Can Afford to Buy a Home

Cómo determinar si puede comprar una casa

La brecha entre el aumento de los ingresos personales y los precios de los bienes raíces residenciales se ha utilizado para defender el concepto de que hoy estamos experimentando una crisis de asequibilidad en la vivienda.   Es cierto que los precios de las casas y los salarios son dos elementos claves en cualquier ecuación de la asequibilidad. Sin embargo, hay un tercer componente extremadamente importante en esa ecuación: la tasa de interés hipotecaria. La tasa de interés hipotecaria ha caído más de un punto porcentual con r...

November 11th, 2019 | First Time Home Buyers, For Buyers, interest rates, Move-Up Buyers, Pricing, Cómo determinar si puede comprar una casa

Taking the Fear Out of the Mortgage Process

A considerable number of potential buyers shy away from the real estate market because they’re uncertain about the buying process – particularly when it comes to qualifying for a mortgage. For many, the mortgage process can be scary, but it doesn’t have to be!  In order to qualify in today’s market, you’ll need a down payment (the average down payment on all loans last year was 5%, with many buyers putting down 3% or less), a stable income, and a good credit history. Once you’re ready to apply, here are 5 easy steps Freddie Mac&n...

November 8th, 2019 | First Time Home Buyers, For Buyers, Taking the Fear Out of the Mortgage Process

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