Variant Lending Group

As Black History Month 2023 draws to a close, we at Variant Lending Group once again note the importance of Black History to the future of the Black Community. We honor all who have given so much.

Variant Lending Group will be closed Monday, February 20th, in observance of the Presidents' Day holiday.
We will resume regular business hours on Tuesday, February 21st.

“You can get excited about the future. The past won’t mind.” - Hillary DePiano, playwright and author

Happy New Year from all of us at Variant Lending Group.

Please note that we will be closed on Monday, January 2, 2023, and will resume regular business hours on Wednesday, January 3.

𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐑𝐚𝐭𝐞𝐬 𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐞 𝐃𝐨𝐰𝐧𝐰𝐚𝐫𝐝 𝐓𝐫𝐞𝐧𝐝

Mortgage rates continued to pull back from their early November peak, falling for the fifth consecutive week, according to the latest report from Freddie Mac.

Find out more at https://snip.ly/tzwzw6.

For your mortgage needs, contact us.
🌐variantlendinggroup.com
📞888-560-1650
✉[email protected]

Corporate NMLS # 1165808
Branch NMLS # 1977530
nmlsconsumeraccess.org

Happy Holidays!

In observance of the Christmas Holiday, Variant Lending will be closed Dec. 26th and Jan. 2nd for the New Year Holiday.

𝗠𝗕𝗔 𝗧𝗼 𝗙𝗛𝗙𝗔: 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗔𝗠𝗜 𝗟𝗶𝗺𝗶𝘁𝘀 𝗙𝗼𝗿 𝗗𝗼𝘄𝗻 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗣𝗿𝗼𝗴𝗿𝗮𝗺𝘀

Allowing borrowers with up to 100% of AMI to be eligible for these programs.

KEY TAKEAWAYS
☑️MBA wants borrowers with up to 100% of AMI to be eligible for these programs, and to eliminate the income limit for properties located in low-income census tracts.
☑️An increase in the AMI threshold could better serve minority borrowers who have the means to meet their monthly mortgage obligations.
☑️In cities with a significant Black population, the income needed to afford a home is at least 100% of AMI.
☑️Homes priced $350,000 or less, raising the AMI to 100% makes about 40% more of that builders’ communities available to these borrowers.

Read full story at https://snip.ly/dnv3yz.

For your mortgage needs, contact us.
🌐variantlendinggroup.com
📞888-560-1650
✉[email protected]

Corporate NMLS # 1165808
Branch NMLS # 1977530
nmlsconsumeraccess.org

𝗙𝗛𝗙𝗔 𝗔𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝘀 𝟮𝟬𝟮𝟯 𝗖𝗼𝗻𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝗟𝗼𝗮𝗻 𝗟𝗶𝗺𝗶𝘁𝘀

The Federal Housing Finance Agency (FHFA) recently announced the conforming loan limits for residential mortgage loans acquired by Fannie Mae and Freddie Mac in 2023. Fannie Mae addresses the limits in Lender Letter 2022-06.

Learn more at https://snip.ly/9ipkbz.

For your mortgage needs, contact us.
🌐variantlendinggroup.com
📞888-560-1650
✉[email protected]

Corporate NMLS # 1165808
Branch NMLS # 1977530
nmlsconsumeraccess.org

𝗟𝗼𝗻𝗴 𝗧𝗲𝗿𝗺 𝗖𝗮𝗿𝗲 𝗮𝗻𝗱 𝗔𝗴𝗶𝗻𝗴 𝗶𝗻 𝗣𝗹𝗮𝗰𝗲 – 𝗜𝘀 𝗮 𝗥𝗲𝘃𝗲𝗿𝘀𝗲 𝗠𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝘁𝗵𝗲 𝗥𝗶𝗴𝗵𝘁 𝗧𝗼𝗼𝗹 𝗳𝗼𝗿 𝗬𝗼𝘂?

There’s no place like home. A recent AARP survey of adults shows that 76% of Americans age 50 and older say they prefer to remain in their current home. Merrill Lynch also found that most retirees want to age in place. About 85% prefer to receive extended care in their own home and bring in extra help as they age.

Learn more at https://snip.ly/3rlvpq.

For your mortgage needs, contact us.
🌐variantlendinggroup.com
📞888-560-1650
✉[email protected]

Corporate NMLS # 1165808
Branch NMLS # 1977530
nmlsconsumeraccess.org

📢 Variant Lending will be closed this Thursday and Friday, November 24 and 25th, for the Thanksgiving holiday.

We will resume regular business hours on Monday, November 28th.

𝗪𝗵𝗮𝘁 𝗔𝗿𝗲 𝗦𝗼𝗺𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗕𝗲𝘀𝘁 𝗖𝗶𝘁𝗶𝗲𝘀 𝗳𝗼𝗿 𝗥𝗮𝗶𝘀𝗶𝗻𝗴 𝗮 𝗙𝗮𝗺𝗶𝗹𝘆 𝗧𝗵𝗮𝘁 𝗔𝗿𝗲 𝗦𝘁𝗶𝗹𝗹 𝗔𝗳𝗳𝗼𝗿𝗱𝗮𝗯𝗹𝗲?

Yardi Systems company StorageCafé, which used Yardi Matrix data looked at nearly 30 factors—ranging from home and rental prices to public school ratings and strong job markets—in the 100 largest cities where data was available.

Find out at https://snip.ly/7vxdij.

For your mortgage needs, contact us.
🌐variantlendinggroup.com
📞888-560-1650
✉[email protected]

Corporate NMLS # 1165808
Branch NMLS # 1977530
nmlsconsumeraccess.org