Home Ownership

Affordability Just Increased for Tons of Buyers!

Financing a home just became more affordable for hundreds of thousands of buyers… News recently dropped that Mortgage Insurance will cost less on new FHA home loans! Beginning March 20, most FHA loans will carry lower mortgage insurance premiums. Costs are based on loan amount, so savings will be even higher on pricier homes. With lower costs, you'll save on your monthly payment and require less income to qualify for the mortgage you want! Read More

Color Experts Are Seeing Red, In a Good Way

No one knows what’s to come for 2023… Except, well, likely various shades of red and warm, daring pigments! Color experts are going bold this year. In the next few paragraphs, we’ll highlight some of the top colors of the year and how to incorporate them in your own home! Read More

A Drop in Rates Opens the Door for Prospective Home Buyers

The fear-inducing headlines surrounding the housing market are everywhere today. It seems we cannot scroll through social media platforms without coming across some sort of clickbait article spreading doom and gloom of what’s supposedly just around the corner. The unfortunate part of all this, is when information is consistently unclear it can generate a lot of unneeded fear and uncertainty within the market. We’re here to let you know it just doesn’t need to be that way. Cambria Mortgage has your best interest in mind, so we’ll get right to it and start this article with the facts… Read More

More Home for Less Money?

The Federal Housing Finance Agency (FHFA) recently announced an increase, taking effect in 2023, in the amount of money that can be borrowed through a standard home loan. The standard loan limit, also known as the conforming loan limit, rose by just over 12% to a maximum of $726,200 in most areas. This is the 7th year in a row that the FHFA has raised the limit, after a decade of no increases. The limit has risen more than $310K over seven years. What does this mean? Read More

Your Dream Home & a More Affordable Payment… Yes, You Can Have Both!

For those who are looking to purchase a home in the near future, it’s inevitable that you’ve begun to worry about interest rates rising and how that may affect your home financing journey. When rates are low, it’s much easier to justify purchasing a home. But today, with interest rates increasing, it can feel a bit more scary. Fortunately, Cambria Mortgage is now offering 3-2-1, 2-1 and 1-0 temporary buydowns on Conventional, FHA, VA and USDA fixed rate purchase loans.  Read More

Your Housing Market Questions Answered

If you have questions about what is happening in the mortgage world right now, you are not alone. Between fluctuating interest rates, shifting inventory and leveling home prices many consumers have questions about what this all means. Don’t worry, we’ve got you covered! Check out our answers to the top three questions we’ve received recently… Read More