In this conversation, Craig Steel hosts Bryce Long and Steve Wilkinson of Veritas Funding to discuss the intricacies of the mortgage industry, focusing on direct lending, capital markets, and the factors influencing mortgage rates. They explore the current landscape of mortgage rates, affordability challenges for homebuyers, and the potential resurgence of adjustable-rate mortgages. The discussion also touches on the economic events that impact the housing market and offers advice for first-time homebuyers.

Sarah Parris with EXP realty and RAM real Estate and Mortgage talk about the general market and our favorite clients which is first time home buyers. We even talk about a joint client that got into their first home with literally no money and walked away with a check.

When you've outgrown your current home or just want a new one, Edge homes has some great deals.

Investing in what you are passionate about. True life sotry about investing out of your area and some of the pitfalls. Follow your passion but educate yourself.

The conversation covers the different down payment options for FHA, VA, USDA, and conventional loans, as well as income restrictions for certain loan programs.

Takeaways

• FHA loan allows for a 3.5% down payment
• VA and USDA loans require no down payment
• Conventional loans have different down payment options, including 5% and 3%
• Income restrictions may apply to the 3% down program through Fannie or Freddie

Chapters

• 00:00 Exploring Conventional Loan Programs

The conversation covers a range of topics including Riley's health, builder incentives, real estate market trends, Edge Homes and community offerings, Tesla and real estate investment, realtor representation, and market predictions for 2026.

Takeaways

• Real estate market trends
• Builder incentives

Chapters

• 00:00 Introduction and Personal Update
• 06:36 Edge Homes and Community Offerings
• 11:51 Tesla and Real Estate Investment
• 19:58 Realtor Representation and Market Predictions

Now might be the right time to buy a house, as sellers are willing to help with closing costs or even temporary buydowns on your interest rate. Join me with Shain Davis from the Davis realty team in Phoenix Arizona, as we discuss home buying and giving back to the community through a Veterans program.