Stackspire Development Group

Last week, Stackspire had the opportunity to present our Home Acquisition Fund — a new pathway for converting investor sell-offs into real, affordable homeownership opportunities for local families.

Our long-term mission is clear:
create accessible ownership for 1,000+ families over the next five years.

Thank you to the partners, institutions, and community members who believe in this work.
We’re just getting started. 🏡

🚨 Attention Agents & Sellers: 🚨
An FHA loan does NOT automatically mean a buyer has bad credit or no money in the bank!

🗣 Here’s the truth: Right now, FHA loans often have the lowest interest rates. Even well-qualified buyers with solid credit and plenty of funds may choose FHA simply because the rate is better. In many cases, FHA rates can be in the low 6% range, while conventional rates might be in the mid 6 or 7% — and that lower rate can help a buyer qualify for more home.

💡 Myth #1: FHA is only for buyers with little money down.
Reality: Conventional loans offer as low as 3% down, which is less than FHA’s 3.5%.

💡 Myth #2: FHA borrowers have low credit scores.
Reality: Yes, FHA allows scores as low as 580, but many FHA buyers have scores well into the 700s. Sometimes they choose FHA because it allows a higher DTI (debt-to-income ratio), making it easier to qualify — especially for buyers with student loans or other obligations.

💰 Some buyers will use the difference in down payment requirements (3.5% FHA vs. 5% conventional) to buy down their interest rate, which can make their monthly payment lower with FHA, even after adding mortgage insurance.

📊 Key difference:
• FHA max DTI: 56.9%
• Conventional max DTI: 50%
That means some buyers can qualify for more home with FHA.

🤷‍♀️ Most buyers care about their monthly payment, not whether they have mortgage insurance for the life of the loan.

✅ Conventional loans are great — and if they’re the best fit, we use them! But many times, FHA simply makes more sense for the buyer’s situation.

📢 Agents: If you’re presenting offers, please know the facts so you can educate sellers. If a seller says “no FHA buyers,” ask why — and if it’s because they think FHA buyers are weak, kindly correct them.

⚠ Valid reasons to decline FHA:
• FHA 90-day flip rule
• Property condition won’t meet FHA standards and seller can’t or won’t make repairs

💡 Bottom line: Don’t count out an FHA offer without knowing the full picture. Education is key — the more we know, the more we grow! 🌱

🚀 Big News from Stackspire Development 🚀
We’re officially part of the 2025 LISC Charlotte REDI Program! 🎉

This milestone means more resources, connections, and tools to bring our affordable housing and community wealth-building projects to life.

We’re here to create real ownership opportunities, rehab neighborhoods, and build a stronger future for Charlotte — starting on the Eastside.

Let’s get to work. 🏡

Formula for Home Success:

Pi (3.14) represents the variety of mortgage options available.
Radius: Your unique financial situation.
Diameter: The full scope of homeownership dreams.

🏠🚒🍎 Calling All Community Heroes! 🍎🚓🏥

Introducing the HELPER Act – legislation designed to give back to those who give their all for our communities every day. 🌟 This bipartisan effort aims to provide affordable housing solutions to our local educators, police officers, firefighters, and EMTs. 💼✨

Imagine no down payments, no monthly mortgage insurance, and no geographic restrictions on where you can call home. That's the promise of the HELPER Act! 🏡💰 It's time to honor the brave men and women who keep our neighborhoods safe and our children educated.

Join us in supporting this vital initiative! Watch the Capitol Press Conference, reach out to your local representatives, and spread the word to your friends and neighbors. Let's ensure our heroes have the homes they deserve! 💪 🌈👩‍🚒👨‍🏫👮‍♂️

🌟 Exciting News for Tax Season! 🌟

Hey everyone! 👋 As we gear up for tax season, I wanted to share some great news: Your tax refund may be bigger this year! 💰 The IRS has adjusted tax brackets by 7.1% to account for inflation, potentially resulting in refunds up to 10% more for some of us.

So, how can you get that refund sooner? Simple! File your taxes early with a top preparation service. By doing so, you'll boost your chances of getting your refund early and smoothly. 💼✨

Let's make the most of tax season together! If you have any questions or need assistance, feel free to reach out. Here's to a prosperous year ahead! 💵

🌟 Exciting News for Our Community 🌟

Now that we are in 2024, let's take a moment to reflect on how interest rates have evolved over the past year across various financial products! 💸 Here's a quick summary:

🔹 Credit Cards: Average APR has risen to 20.74%, so it's essential to prioritize paying off any credit card debt.

🔹 Savings Accounts: Rates have more than doubled, with some high-yield accounts offering over 5% returns! Perfect for building up your emergency fund.

🔹 Certificates of Deposit (CDs): Rates have increased, especially for 12-month CDs. Now's the time to lock in those rates before they start to ease back.

🔹 Auto Loans: While rates have gone up, they're expected to come down in 2024. Remember to budget wisely if you're considering a new car purchase!

🔹 Mortgages: Rates have been hovering between 6.6% and 6.7%, but they're anticipated to trend lower throughout the year. Great news for potential homebuyers!

Stay informed and make the most of these financial opportunities in the year ahead! If you have any questions or need personalized advice, don't hesitate to reach out. Your financial success is our priority! 💼💰

🚀 From Dream to Reality:
Your First Business Awaits! 💼
✨ 🚀 From Dream to Reality: Your First Business Awaits! 💼✨

Have a vision of opening your own business? 🌈 The Waters Mortgage Team is here to help you take that bold step. Let's make your entrepreneurial dreams a reality together. 🌟💪

🚀 Exciting Announcement! The Waters Mortgage Team x Loan Factory Partnership! 🚀

I'm thrilled to share some exciting news with you all! The Waters Mortgage Team is joining forces with Loan Factory, Inc., and I couldn't be more excited about the incredible opportunities this partnership brings!

🌐 Why Loan Factory? They're not just about getting the lowest rates; it's also about delivering the BEST experience. Check out real-time customized rates on their website www.loanfactory.com in less than 1 minute! Plus, their rates are on average $1000 better than competitors. Transparency is key, and borrowers can see and stay informed about rates in real-time.

🚀 Rocket Mortgage Collaboration: As part of this journey, we're teaming up with the number 1 lender in the US—Rocket Mortgage! This means unmatched expertise and cutting-edge solutions for all our valued clients.

💼 What Does This Mean for You? Our commitment to providing top-notch service and unbeatable rates remains steadfast. With Loan Factory, we're taking it to the next level, ensuring you get not only the best financial solutions but also a seamless and transparent experience.

👥 Join us in Celebrating! We invite you to celebrate this exciting partnership with us. Your support has been the driving force behind our success, and we can't wait to continue serving you with excellence.

🤝 Thank you for Trusting Us! Whether you're a current client, a friend, or part of our extended community, thank you for your trust. We look forward to the future and all the great things this collaboration will bring.

Let's soar to new heights together! 🚀