🔔 This Week on The Mortgage Guy Podcast This episode covers: 📉 Big news on Mortgage Insurance (MI): The MI premium tax deduction has been reinstated after expiring in 2021. This could mean hundreds to thousands of dollars in annual tax savings for homeowners with PMI, MIP, or USDA fees. 🏡 Program-by-Program Breakdown: What the deduction looks like for FHA, USDA, and Conventional loans. 💰 Smart Money Choices: Why it may make more sense to put less money down, keep cash reserves, and still benefit from the tax deduction. 📊 Market Updates: Thoughts on federal efforts to address housing inventory and what it could mean for buyers. Whether you’re a first-time homebuyer, a seasoned homeowner, or just someone weighing the cost of mortgage insurance, this episode breaks down how to maximize the benefit of this deduction and what it means for affordability in today’s market.  Western Ohio Mortgage MB #9601 Adam J. Rose NMLS #870301

In this episode of The Mortgage Guy Podcast, Adam Rose, Vice President and Senior Loan Officer at Western Ohio Mortgage, breaks down how to build credit from scratch — a key step for younger buyers who want to skip renting and move straight into homeownership.

You’ll learn:

• Why credit matters in the mortgage process

• How secured credit cards can establish a score

• The pros and cons of becoming an authorized user

• How Experian Boost can save you money on closing costs

• USDA & FHA guidelines for borrowers with no or thin credit

Whether you’re starting from zero or helping someone establish credit, this episode offers simple, actionable steps to boost your financial readiness.

 🏡 Licensed in OH, IN, MI, KY, TN & FL 💼 Western Ohio Mortgage MB #9601 💼 Adam J. Rose NMLS #870301

🔔 Episode Highlights Federal Reserve Update: No rate cut yet, but a small pause is expected around September. OHFA/Down Payment Assistance News: Changes effective July 1 simplify OHFA programs—now at 3.5% for FHA/VA/USDA, and 3% for Conventional. Turn-Time Trends: Processing times have grown—from a few days to 10 days, and potentially climbing to 13–14 days due to high volume. Homebuyer Pre-Approval Tips: Importance of being “ready” — credit, savings, and job stability — to position yourself to act quickly. Qualify Strategies for Thin Income or Credit Profiles: Tips on budget planning, boosting DTI, and OHFA qualification guidance. 💡 Why You Should Watch Packed with current-rate insights, actionable homebuyer preparation advice, and timing considerations to lock in better loan options in today’s mortgage market. 📲 Need Help? Reach out to Western Ohio Mortgage or your lender to confirm OFA eligibility or to update your pre-approval. 📲 Contact Adam Rose 📞 937-497-9662 📧 [email protected] 🌐 www.westernohiomortgage.com 🎧 Listen on Spotify & Apple Podcasts ▶️ Subscribe on YouTube for weekly updates 📱 TikTok: @the_mtg_guy 📘 Facebook: @TheMortgageGuy24 📸 Instagram: @adam.rose.92102 🏡 Licensed in OH, IN, MI, KY, TN & FL 💼 Western Ohio Mortgage MB #9601 💼 Adam J. Rose NMLS #870301

In this episode, Adam breaks down non-QM loans and construction lending—two flexible options for today’s unique buyers and builders. 🏠 Topics Covered: ✔️ Bank statement loans for self-employed borrowers ✔️ DSCR loans for real estate investors ✔️ Financing non-warrantable condos (as little as 10% down!) ✔️ SmartEdge, SmartSelf, and SmartVest programs ✔️ Construction loan planning tips for 2025 builds ✔️ What to know if you’ve recently gone self-employed ✔️ How to avoid costly mistakes when building on your own land

💼 Western Ohio Mortgage MB #9601 💼 Adam J. Rose NMLS #870301

In this episode of The Mortgage Guy Podcast, Adam breaks down the major July 1st updates to the OFA program (Ohio Housing Finance Agency) and how they impact homebuyers across Ohio. If you're a first-time homebuyer, an agent, or just exploring mortgage options in 2025, this episode covers everything from income limits to lower-than-market rates and turn-time warnings. 🔑 What You’ll Learn: ✅ Updated OFA DPA amounts: 3.5% for FHA/VA/USDA, 3% for Conventional 🏡 New income limits for targeted vs. non-targeted areas 💥 How straight OFA offers sub-market interest rates 👮‍♀️ Special Ohio Heroes program for service workers 🕒 OFA turn time expectations & disclosure best practices ⚠️ Credit score & DTI ratio eligibility criteria 📞 Why you might want to re-check your pre-approval ASAP 📩 Questions or suggestions? Drop a comment or reach out directly: [email protected] 🏡 Connect with Western Ohio Mortgage 📍 733 Fair Rd., Sidney, OH 45365 📞 Office: 937-497-9662 Western Ohio Mortgage MB #9601 Adam J. Rose NMLS #870301

A quick market update on USDA loans — including the newly increased income limits that could open doors for more buyers! ✅ What’s happening with interest rates — will we finally see those long-awaited cuts? ✅ Event announcements — including: • July 14: CE class on Reconsiderations of Value & Appraisal Bias (FREE for MORE members!) • Sept 22: OMBA Golf Outing at Tartan Fields ⛳

Western Ohio Mortgage MB #9601 Adam J. Rose NMLS #870301

In this episode of The Mortgage Guy Podcast, Adam Rose breaks down the latest real estate trends—starting with a major shift: U.S. housing inventory has topped 1 million listings for the first time since before the pandemic.

Adam covers: 👉 A national housing market update 👉 Signs of a shift toward a buyer’s market 👉 Why more homes are sitting longer, despite record inventory 👉 The latest on mortgage rates, Treasury yields, and the Fed’s outlook 👉 How listing quality is impacting buyer decisions in today’s high-price market

Whether you're a buyer, seller, or real estate pro, this episode offers valuable insights you won't want to miss.

In this episode: * 📉 **Mortgage Market Update** – What's causing recent rate movement? Learn how Moody’s U.S. credit downgrade has affected the 10-year Treasury yield and mortgage rates, now pushing past 7%. * ✅ **Pre-Approval vs. Pre-Qualification** – Understand the crucial difference between the two, when to choose each, and how they impact your homebuying power. * 🐶 **Special Guest Appearance** – Meet Gracie, Adam’s son's service dog, making her debut in the office!

Western Ohio Mortgage MB #9601 Adam J. Rose NMLS #870301

📢 In this episode, Adam Rose, Vice President and Senior Loan Officer at Western Ohio Mortgage, shares key updates from the Ohio Mortgage Bankers Association—including his recent induction as OMBA President—and what it means for Ohio’s housing future.

Western Ohio Mortgage MB #9601 Adam J. Rose NMLS #870301

In this episode, Adam covers a major upcoming USDA income rule change that could expand homebuyer eligibility, gives a quick market and rate update, and previews what’s ahead at the Ohio Mortgage Bankers Convention—including exciting AI innovations in the mortgage industry.

Western Ohio Mortgage MB #9601 Adam J. Rose NMLS #870301