Innovative Lending

Home builder confidence edged higher in May, rising three points to 37. While the index remains below the growth benchmark of 50, current sales, future sales expectations, and buyer traffic all showed modest improvement.

Student loan debt doesn’t automatically put homeownership out of reach. Lenders look at how you manage your payments along with your overall financial picture. Your debt-to-income ratio, credit history, and income stability all play a role in the approval process, not just the total balance you owe. In many cases, buyers are surprised to learn they’re in a stronger position than they expected.

With the right strategy and guidance, many buyers with student loans are able to successfully purchase a home, build equity, and take meaningful steps toward long-term financial stability and wealth.

Pending Home Sales (signed contracts on existing homes) rose for the third straight month, increasing 1.4% from March to April. The NAR says buyers are showing “cautious optimism” despite ongoing economic uncertainty and slightly higher mortgage rates.

Happy Memorial Day!!
Today we honor and remember those who have bravely served our country.
Thank you from us here at Innovative Lending!
🇺🇸🇺🇸

Housing starts fell 2.8% from March to April, with most of the decline coming from single-family construction. Building permits, a key indicator of future construction, rose 5.8%, driven largely by multi-family projects.

We are so happy for these first-time home buyers!! 🔑🏡
We were able to help them lock a great rate with very low fees! 🔒
This closing was so smooth and easy... mostly due to our awesome clients!! They were so organized and prepared.
We are so grateful they allowed us to have a part in their home buying journey. ❤

Pending Home Sales (signed contracts on existing homes) rose 1.5% from February to March, showing buyers remained active despite higher mortgage rates and signaling ongoing pent-up demand, according to the National Association of Realtors (NAR).