Dan Stout, RMLO

Many people aren't thinking about buying a house when everything is so dang expensive, which is why this low down payment option exists. We can get you in with only 1% down with nearly no hoops to jump through as long as income is below a certain threshold, which in most cases is:

- Most areas in/around Houston: $82k to $98k or less
- Most areas in/around Salt Lake: $98k or less

Remember, Home USA does loans in Utah. Let me know if I can help you!

For the econ nerds and/or home buyers

Why Fed Rate Cuts Aren’t Making Mortgages Cheaper Federal Reserve interest rate decision can affect the cost of mortgages. But that link from the Fed to your monthly payment isn’t direct. Fed decisions affe...

Will the Fed cut mortgage rates tomorrow??
(trick question)

What Will The Fed Do To Mortgage Rates on Wednesday? Mortgage rates inched gently lower yet again today.  That's the 4th day in a row without moving higher, but it's just as fair to say rates have been broadly sideways for the past two weeks after...

Buying your 1st house in today’s world has its challenges, but there’s also been more and more legitimate programs introduced to help. Some down payment assistance programs have a lot of hoops to jump through and unknown results, while others are simple without all the strings attached.
LMK if I can help you! 🏡🔑
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This is such an informative article about how mortgage rate quotes really work.

How Multi-Decade Highs Are Changing The Way Mortgage Rates Are Quoted At this point "high rates" are old news. We were already close to hitting the highest levels in more than 20 years last week, so it wasn't a huge surprise to achieve that dubious distinction this Thur...

I’m excited to announce our new 1% down payment assistance program! What’s great about this? It’s not a traditional DPA program, meaning no huge list of extra hoops to jump through, no additional agency beyond the underwriter to approve the buyer, and no hiked up interest rate. Also…
🔹 NO MORTGAGE INSURANCE!
🔹 Loan is a 3% down with a 2% forgivable grant, giving the buyer 3% equity
🔹 2% grant is paid at closing and can be used towards down payment or closing costs (option to buy down the rate)
🔹 No geographical restrictions
🔹 Does not need to be a 1st time home buyer

What’s the catch?
🔸 Homebuyer must make 80% or less than the area median income (about 75k/yr for most of Fort Bend, Galveston, & Harris counties). Bonuses, OT, and additional applicant income does not need to be included if the borrower meets DTI requirements without it.
🔸 Max loan amount of $350k

The volatility continues!

Fed Hikes Rates; Rates Drop Sharply. Here's How That Works There was some debate as to whether or not the Federal Reserve would hike the Fed Funds Rate today, although the consensus was for a 0.25% increase.  That's exactly what the Fed delivered.  ...

Merry Christmas from the Stouts! 🎄

A lot of people don't even know the difference between a broker/wholesale lender and a retail lender, let alone why one is better.. Brokers, like myself, can price your mortgage out to dozens of banks instead of you going to each by yourself (that would be nearly impossible anyway as it'd take weeks). Then, we deal with the bank so you don't have to, because no one in their right mind wants to deal with a bank themselves.

Proving that brokers are better Central to the association’s mission, message was furthered at recent gathering

We're definitely going though some "sticker shock", but are rates extremely high from a historical standard? Probably not.. Are they high from a recent memory standard? Yes they are... Either way, it's hard to time 2 markets at the same time (housing markets and financial markets), so have a plan to buy when life tells you to and refinance when the markets tell you to.

When will mortgage rates go down? Brace yourself, economists warn house hunters that rates of 7% may be the 'new normal.' Rates are at 7.12%, according to Mortgage News Daily.