The McKnight Team at PRMI
We’re ready to provide you with the best residential mortgage program that matches your unique needs Each one is as unique as the people that apply for them.
Our Mortgage Philosophy
Mortgages are not one-size-fits-all. Income, credit history, and desired type of residence are just a few of the numerous factors that make each borrower's profile different. Regardless of your circumstances, our lending philosophy is simple: hassle-free, professional, and personalized service. Hassle-Free
Getting a mortgage can be stressful and confusing-after all, it is

Pending Home Sales (signed contracts on existing homes) rose 4.8% MoM in June, reversing course after declining in April and May. Sales increased in all four regions MoM in June, and activity should rise further if mortgage rates improve as anticipated.

FHA loans offer flexible financing to get you into a home faster. They have more lenient credit requirements and offer low down payment options. Contact us today to buy your home with an FHA loan.

📉 Labor Market Update 📉
The labor market showed signs of softening in July, with job growth falling below expectations. The private sector added 122K new jobs, missing the forecast of 150K, while the BLS reported only 114K new jobs versus the 175K that were predicted. Revisions for May and June data cut 29K jobs from those months combined, and the unemployment rate has risen to 4.3%, the highest since 2021. Wage growth is also decelerating, and small businesses are reporting job losses. This trend may support future Fed rate cuts.
FHA loans are extremely popular with first-time homebuyers, for good reason. FHA loans are available with low down payment options—which means you can spend less time saving for your home and more time living in it!

5.0 star review received on Experience.com for Austin Mcknight by Christopher K B - Good customer service
New ★★★★★ 5 Star Experience.com Review by Christopher K B Click to see all 199 reviews of Austin Mcknight, Primary Residential Mortgage, Inc.

The Fed’s favorite measure of inflation, Core PCE, rose 0.2% from May to June. The annual reading held steady at 2.6%, remaining at the lowest YoY pace in three years and keeping September's expected rate cut from the Fed in play.

Signed contracts on new homes fell for the second straight month in June, coming in below estimates to reach their lowest level since November. While the supply of new homes on the market has increased, more completed homes are still needed to help meet demand.

Whether you’re investing or just need a little breathing room, a jumbo loan could be your ticket to buying land. Call today to learn more.

Sales of existing homes fell 5.4% from May to June, marking the fourth straight monthly decline. While total inventory rose to 1.32 million, properties remained on the market an average of 22 days in June, down from 24 days in May, showing that demand remains despite elevated rates.

Use a One-Time-Close Construction loan to buy property and build your home on it. Both VA loans and FHA loans offer this option with lenient credit requirements and low down payments. VA loans could have no down payment.* Contact us today! *Closing costs and fees may still apply.

Conventional loans generally have low rates, low fees and low down payment options. They’re popular because they have fewer obstacles, so you could close on your home sooner. Contact us today to get your loan started.
The USDA loan is one of the most powerful mortgage programs for rural and suburban homebuyers. It doesn’t require a down payment* and comes with a lower mortgage insurance rate. Contact us today to see if you’re eligible! *Closing costs and fees may still apply.

If your growing family needs a little more space, a jumbo loan can help you get it. Give us a call to start exploring your options.

Looking for a great place you can put your own unique stamp on? A renovation loan allows you to finance your home purchase and fund the fixes you have in mind.

After friendly inflation readings throughout the second quarter, more Fed members are signaling they are "getting closer" to cutting interest rates, with growing odds of a cut happening at their meeting on September 18. Inflation and labor market data between now and then will play a pivotal role in this decision.

After a disappointing May, new home construction ticked higher in June as Housing Starts and Building Permits both came in above estimates. However, the increase was led by a boost in multi-family projects, as starts and permits for single-family homes both moved lower.

Builder confidence dipped by 1 point to 42 in July, marking the third consecutive monthly decline and the lowest reading since December. Elevated rates continue to dampen sentiment, with all three index components (buyer traffic, current and future sales expectations) remaining in contraction territory below the key breakeven threshold of 50.

Home Equity Lines of Credit typically offer more flexibility than second mortgages or home equity loans. They can feature variable rates and allow you to keep repaying and borrowing for several years without additional paperwork or approvals.

5.0 star review received on Experience.com for Austin Mcknight by Kysha P - They cared & went above & beyond to get us closed
New ★★★★★ 5 Star Experience.com Review by Kysha P Click to see all 198 reviews of Austin Mcknight, Primary Residential Mortgage, Inc. - Houston

Will the Fed Cut Rates Sooner Than Expected?
With the Consumer Price Index (CPI) falling by 0.1% from May to June, marking the first decline since the pandemic began, and the annual Core CPI hitting a three-year low of 3.3% due to moderating shelter costs, how will these favorable inflation numbers influence the Fed's timing on rate cuts this year? Let's discuss!
Add an inviting place to rest, chat or watch the stars. A cozy seating area—on the porch or under a shady tree—is the perfect way to tempt neighbors (and new buyers) over for a closer look. Moving and buying a new home? We’re happy to help you explore your financing options.

The right financing can make your dream home a reality--even if you dream big. Learn more about your jumbo loan options!

Are we already in a recession? June's job growth hit 206K, but April and May's data got revised down by 111K jobs. The unemployment rate is now at 4.1%, the highest since November 2021, triggering the Sahm Rule. What do you think?

To make your home feel fresh, try cleaning your carpets or replacing them entirely. Washing your walls with trisodium phosphate (TSP) and repainting can also freshen up your home. Ready to finance your project? Contact us today.

Happy Independence Day! May your hot dogs have more scorch marks than your driveway!

Sometimes the best way to get the home you want is to build it yourself. Our One-Time-Close Construction loans make this easier by letting you build and buy in one transaction. Plus, there are low down payment options and you don’t have to make loan payments until construction is complete.
Contact me today to get started!

Private sector job growth missed forecasts in June, as employers added 150K new jobs versus the 160K that were expected. Most of the growth came from service-providing sectors, while small businesses continue to feel the pinch. ADP noted that “job growth has been solid, but not broad-based,” with a rebound in leisure and hospitality hiring keeping June from being a downbeat month.
There is no limit on how many times you can use a VA loan, as long as you have remaining entitlement. Even if you already own a home that is financed with a VA loan, you may be eligible to purchase a new primary residence. To calculate your available VA entitlement and maximum loan amount, contact us today!

Homeownership is more attainable than you may think. FHA loans have low down payment options and lenient credit requirements when compared to many conventional loans. Stop waiting and get the home you deserve. Contact me today to get started!
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