Tariffs, Home in 5 is back, Your VIP Giveaway + Workshop Invite!

Home in 5 Program is back!

The Home in Five program is back, but with limited funds—once they’re gone, they’re gone. This down payment and closing cost assistance program has helped many Maricopa County homebuyers, but it isn’t always available. Before last year, funding was unavailable for several years. If you’ve been waiting for an opportunity to buy, now is the time to see if you qualify before the funds run out. Click here for more info

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Market Update, Rates and Tariffs

More listings hitting the market and mortgage demand is surging after interest rates dropped to their lowest level since last October. Home prices remain stable, and demand is showing signs of life as buyers take advantage of improved borrowing conditions.

A major factor shaping the coming months is the recent drop in mortgage rates, which led to a 20% jump in weekly mortgage demand. Refinance applications surged 37% in just one week, showing that buyers from the last two years are finally seeing an opportunity to improve their rates. Purchase applications also rose 9% for the week and are now 2% higher than the same week one year ago. While this is a slow and steady increase, it’s a positive sign that demand is ahead of last year’s pace.

With mortgage rates trending down, the market could gain even more momentum heading into the peak spring and summer season. Additionally, new tariffs on materials from China, Canada, and Mexico are expected to put upward pressure on construction costs, which could push new home prices even higher. As a result, resale homes may become a more attractive option for buyers, strengthening their position in the market.

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🏡 Exclusive Open House: New Build Duplex & Investment Workshop! 📈

This isn’t just a walk-through—it’s a chance to learn how to build wealth through real estate. Over 20 years ago, I started with my first fix-and-flips. Now, I’m developing new builds from the ground up. I want to share the lessons, the wins, and the strategies that got me here!

✨ What You’ll Learn:
✅ How to get started in real estate investing
✅ The process of buying land & building new construction
✅ Investment lending options – land & build financing included!

A lender will be on-site to answer all your financing questions, so you can see how this strategy might work for you. Whether you're an experienced investor or just curious, this is your chance to take the next step!

🔗 RSVP now – space is limited! Click picture for more info.

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ANOTHER GIVEAWAY!! ☕️

We love to support local business and we love coffee! We are giving away 5 gift cards to our friends at THE STAND parked daily - 2601 E Baseline Rd. GIlbert, AZ 85234

IF YOU WOULD LIKE TO WIN ONE OF THESE GIFT CARDS, email us back at ocotillorealtyteam@gmail.com and we will give the first 5 people to email us a gift card to try them out! Trust us, you want to try them out!

Unveiling Hidden Savings: The Strategic Power of Assuming FHA, VA, and USDA Mortgages

In today's real estate landscape, where mortgage rates are approaching 8%, prospective buyers are actively seeking alternative financing avenues. Exploring the often-overlooked strategy of assuming existing FHA, VA, and USDA mortgages can be a game-changer for several reasons:

1. Assumption Benefits Across Specific Loans:

Buyers have the opportunity to assume existing FHA, VA, and USDA mortgages, each with its unique requirements. Assuming a mortgage allows securing the current interest rate for owner-occupied properties, resulting in potential long-term savings.

2. Cost-Efficiency and Equity Growth:

Assuming an existing mortgage translates to lower closing costs, with no need for a new appraisal or survey, regardless of the loan type. The nominal $500 transfer fee and absence of 1% loan origination fees for FHA loans present tangible cost savings compared to new loans.

3. Navigating Financial Gaps:

While assumptions may demand a larger initial cash investment, secondary financing options can bridge the gap. Buyers can explore various sources, including sellers, relatives, credit unions, local banks, and hard money lenders, making the assumption process adaptable to diverse financial scenarios.

4. Expert Guidance Across Loan Types:

Successfully navigating the assumption process requires expertise. Many agents might not be familiar with assumption processes for FHA, VA, and USDA loans. Collaborating with an experienced agent well-versed in these assumptions is crucial. They can highlight potential savings and help locate assumable loans, ensuring a seamless transaction.

Exploring assumption opportunities across FHA, VA, and USDA mortgages not only secures current interest rates but also unlocks hidden financial benefits, providing buyers with a strategic edge in a competitive real estate landscape.