CHENOATALK

A educational hub for lenders, real estate agents, and homebuyers that addresses the challenges of buying a home with solutions to help make an impact.

How Softening Home Prices Impact New Originations

Housing markets are always evolving, although today’s market looks starkly different than it did one year ago. Not only have interest rates roughly doubled over the past year, but housing prices are lower, too. In fact, 2023 could see the first year-over-year decline in prices since the Great Recession. As 2023 gets under way, many …

How to Help Your Borrowers Take Advantage of Falling Home Prices

With interest rates significantly higher than they were a year ago, many would-be homebuyers have put their homeownership dreams on hold. But in an otherwise challenging market, a bright spot has emerged. Over the past several months, housing prices have dropped considerably in many U.S. markets, enough to keep the American Dream of many first-time …

What Falling Home Prices Mean for Your Borrowers

The U.S. housing market hasn’t been too friendly to first-time homebuyers for some time. In fact, potential homebuyers have experienced a double whammy of sorts that has kept many of them on the sidelines. The first “whammy” was home prices, which rose to record levels in recent years. The second was interest rates, which have …

What makes the Chenoa Fund down payment assistance program unique?

For those of us who work in the housing industry, few things are more fulfilling than helping individuals and families buy their first home. In fact, it’s why most of us got into the business. Having a place to call your own is the culmination of the American experience. But it’s not always easy to …

Why Buying is Still Better than Renting

There’s no doubt that today’s higher interest rates are making it harder for Americans to buy their first home. But even with rates increasing, buying a home is still a better option than renting for many people. If you have FHA-eligible borrowers who are trying to decide whether buying a home today is the right …

3 Ways to Increase Homebuyer Opportunities

Let’s be honest—it’s a tough market for originators, especially with interest rates at their highest level in decades. But if you’re passionate about serving your customers—especially first-time homebuyers—now is not the time to throw in the towel. Yes, rates are higher and home inventories are tight in many markets. But many people still yearn to …

Can Down Payment Assistance Ease Homebuying Concerns for Worried Buyers?

The decision to purchase a home is not an easy one to make. Many still consider the American Dream to be homeownership, and while having a dream is often a great source of motivation, dreams may also be paired with high expectations and anxieties related to living up to those expectations. This puts many would-be …

How to Save Up to One-third of Failed Mortgages

What would you do if one-third of the loans that you worked on could be saved? How many families would you help become homeowners? How much would it grow your income? A recent Down Payment Resource (DPR) study found that 33% of declined mortgage files were eligible for down payment assistance—down payment assistance that could …

How Down Payment Assistance Can Set You Apart

If you want to get ahead in the housing market, both in helping borrowers get into homes and setting yourself up as someone that can make nearly any deal work, you need to get in the know with down payment assistance (DPA). Consider, for example, some points that Luz Keuler (editor at Readynest by MGIC) …

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