Category: Buying

Mortgage Application Surge as Interest Rates Continue to Decline

The mortgage market is experiencing a significant boost as interest rates continue to decline, leading to a mortgage application surge for both home purchases and refinancing. According to the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending March 7, 2025, mortgage applications rose by 11.2% on a seasonally adjusted basis compared […]

First-Time Home Buyers: Your Guide to Buying a Home in 2025

Buying your first home is an exciting milestone, but the process can also feel overwhelming—especially for first-time home buyers—with changing market trends, mortgage rates, and new real estate policies in 2025. If you’re considering purchasing your first home this year, it’s crucial to be well-prepared and informed about what to expect. This guide will walk […]

Mortgage Requirements: How to Secure Approval in 2025

Buying a home is one of the most significant financial milestones in life, but qualifying for a mortgage can sometimes feel overwhelming—especially when it comes to mortgage requirements and income requirements. Lenders use specific criteria to determine if you can afford a loan, and understanding these requirements can help you prepare for a smooth mortgage […]

401(k) Asset: How to Use it When Buying A Home

If you’re looking to buy a house and have been told that you can use your 401(k) as an asset, you might be wondering whether that’s true—and if so, what it means for your home-buying journey. While it’s possible to tap into your 401(k) to help with purchasing a home, there are important considerations, benefits, […]

Self-Employed Mortgage Loan: Requirements for 2025

As a self-employed professional, securing a self-employed mortgage loan can present unique challenges on the path to homeownership. In 2025, lenders are refining their requirements to make homeownership more accessible for self-employed individuals while upholding rigorous standards for financial stability. Here’s what you need to know about qualifying for a self-employed mortgage loan and how […]

VA Loans: A Game Changer for Veterans Seeking Homeownership

For many veterans, active-duty service members, and their families, the dream of homeownership can feel like a distant goal. Transitioning to civilian life often brings a mix of excitement and challenges, especially in the housing market, where high down payments can create significant financial barriers. However, the Department of Veterans Affairs (VA) has leveled the […]

Mortgage Rate Forecast for Fall 2024: Key Insights for Homebuyers

As we approach the fall of 2024, the mortgage market continues to be a critical topic for prospective homebuyers, investors, and those looking to refinance. With fluctuating economic conditions, shifts in Federal Reserve policies, and global events impacting financial markets, the trajectory of mortgage rate remains a point of keen interest. In this article, we’ll […]

Lower Interest Rates Could Be Coming Soon

As the economy continues to navigate through uncertain waters, the prospect of lower interest rates is on the horizon. This could signify a long-waited opportunity for homeowners, potential buyers, and the real estate market. However, the stakes could be high if these lower rates don’t materialize. At Scout Lending, we closely monitor these developments to […]

Military Homebuyers: VA Streamlines Compensation Process

The U.S. Department of Veterans Affairs (VA) has made a significant policy update that removes a major hurdle in the compensation process for military homebuyers, greatly facilitating their access to home purchase funding. This new policy change is a crucial development for veterans and active-duty personnel aiming to achieve homeownership, a fundamental element of the […]

VA Loan Rule Suspension: Protecting Veteran Home Buyers

In a significant development, the Department of Veterans Affairs (VA) recently announced a temporary suspension of the VA Loan Rule Suspension, poised to adversely affect veteran home buyers. Initially intended to safeguard veteran interests, this rule was found to potentially limit their housing market options. At Scout Lending, we closely monitor these changes to ensure […]