Properties by Soheil

09/01/2024

What is Your Home Worth NOW 🏡

Recent home sales have affected your home's value! 💰 📈

Click to get your new home value estimate FREE and INSTANTLY! 🎯

https://SoheilNaimi.FreeValues4Home.com

Recent home sales have affected your home's sale potential! Get your new list price range instantly for free!

09/01/2024

Downpayment Assistance for First Time Home Buyers! 🏡 💰

Learn how to qualify for downpayment assistance from available government and financial Programs! 😃 🙏🏻

🎯 Go to https://SoheilNaimi.StopRentingStartOwning.org to get the FREE Information Now!

Learn how to qualify for downpayment assistance from available government and financial programs!

08/08/2024

New Construction Homes for Sale!🏡 ❤️

Learn about new homes, schedule tours and get the inside info on any available buyer incentives before everyone else NOW! 😃

🎯 Go to https://SoheilNaimi.NewConstructionHomesNOW.com to get the FREE Information Now!

Learn about new homes, schedule tours and get the inside info on any available buyer incentives before everyone else NOW!

01/17/2024

🏡 Exciting News for Homebuyers! 🏡

Are you dreaming of your own home but struggling with the down payment? We've got fantastic news for you! 🌟

Introducing our Down Payment Assistance Grant! 🎉 Here's what you can enjoy:

$5,000 credit towards your down payment
Up to $500 towards a 1-year home warranty
Up to $500 towards the appraisal cost
Parameters to Qualify:

Primary purchases only
All property types welcome
Loan must be originated in the broker channel – no correspondent
Follows HomeReady guidelines
Max LTV = 97%
Min FICO = 620
No need to meet AMI restrictions to qualify
Must have Approve/Eligible DU findings
Seller concessions capped at 5%
Check the HomeReady Matrix for more details
Borrower Eligibility:

Based on the borrower’s current primary residence
Show proof of primary residence with:
Driver’s license or other state-issued ID
Asset statements with address
Current lease agreement (if applicable)
Utility bills with primary address
Occupying borrower must be a first-time homebuyer
Must live in an eligible census tract area
Homeownership education required for first-time homebuyer
Occupying borrowers may not own any other financed properties at closing
Don't miss this incredible opportunity to turn your homeownership dreams into reality! 🏠✨ Contact us for more information and let's make your dream home a reality. 📞💙

10/29/2023

What are your goals?

With enough time, anyone can become a millionaire. Just take a look at the math.

07/17/2023

Fannie Now Accepts Timely Rent Payments as Credit Background

In an effort to bring more racial equality to the mortgage market, the Federal Housing Finance Agency (FHFA) announced recently that on-time rental payments may be used by government entities as part of the mortgage underwriting process.

Government-sponsored entity Fannie Mae found that 29% of Black homebuyers say insufficient credit score or credit history is the biggest hurdle to obtaining a mortgage, compared to just 18% of white consumers.

“For many households, rent is the single largest monthly expense. There is absolutely no reason timely payment of monthly housing expenses shouldn’t be included in underwriting calculations,” said the FHFA’s acting director, Sandra Thompson. “With this update, Fannie Mae is taking another step toward understanding how rental payments can more broadly be included in a credit assessment, providing an additional opportunity for renters to achieve the dream of sustainable homeownership.”

Currently, fewer than 5% of U.S. consumers have their rental history included in their credit report, but the disproportionate amount of Black and Latino Americans who have little other credit history could benefit from the new rule. A recent Experian study discovered that of those whose monthly rent payments were included in their credit profile, 75% experienced an increase in their FICO score between 11 and 29 points. That difference in credit score could mean the difference between being accepted for a home loan or staying a renter.

In fact, Fannie Mae says 17% of borrowers who were previously turned down for a home loan would now be able to qualify thanks to their timely rent payment history.

Credit scores and histories play a huge role in helping lenders decide whether to approve a mortgage loan. They are snapshots of how trustworthy the borrower is with money. A credit profile comprises one’s payment history ofutility bills, credit cards, and car and student loans. (House or apartment rent payments are seldom reported to credit agencies by landlords.) Credit score factors also include debt-to-credit-limit ratios, the mix of credit types, how much new credit has been opened, and the length of the available credit history.

For many minorities, rent is the largest part of their budget and the biggest payment they make consistently. By allowing Fannie Mae to take rental payment data into account, mortgage lenders around the country will have more flexibility and incentive to loan to those with minimal credit histories. (Fannie Mae does not make home loans itself, but guarantees mortgages made by private lenders, as long as the loans meet certain requirements.)

The new rule is effective as of September 18 and missed rental payments will not be penalized in the new evaluation guidelines. Those who may have been rejected previously due to a lack of credit history may have greater success after September, especially if they have a good track record of timely rent payments. The FHFA is confident the change will aid more renters in their quest to become homeowners.