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2022 U.S. Mortgage Outlook

on
December 30, 2021

2021 was a very unique year for the mortgage lending industry. The COVID-19 pandemic was a recurring challenge to overcome throughout the year, and helping our customers navigate the homebuying world was more critical than ever before. With the information and projections we know today, we would like to…


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Why You Should Consider Fall House Hunting

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October 28, 2021

If you’re in the market for a new home, you are likely aware of the difficulties that arose for many during the height of the COVID-19 pandemic when it came to finding and closing on a dream home.

With limited inventory and high competition, many people settled on a property…


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Are Student Loans Holding You Back from Homeownership? Help May Have Arrived.

on
July 1, 2021

As of June 2021, the Federal Housing Administration (FHA), unit of the Department of Housing and Urban Development that provides insurance on mortgages as little as 3.5% down, has changed the way student loan payments are counted when determining eligibility for federally insured mortgages. 

“Homeownership is the cornerstone of the…


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How Low Interest Rates are Impacting Affordability in the Housing Market

on
December 17, 2020

When the 2008 recession hit, Americans doubled their rate of saving almost overnight, from around 3.5% to over 7%. By 2012, the national savings rate was at 12%, and the economy was on the verge of stalling. As a way to entice people to spend, The Federal Reserve enacted…


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FICO Score 10: What it Means for Your Mortgage Prospects

on
October 2, 2020

Ross Mortgage continuously strives to help our clients reach their homebuying goals while always keeping financial health our top priority! Part of having good financial health is keeping up to date on the latest tips, trends and changes that impact your finances—including your valuable credit score.

This year, FICO has…

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