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Today’s Latest Mortgage News

How numbers in the mortgage process may change

How numbers in the mortgage process may change

June 4, 2023 By Scott Sheldon

When you apply for a home the lender analyzes your credit score, your income credit score, and assets in determining your eligibility to buy a home. If anything changes in the process, … [Read More...] about How numbers in the mortgage process may change

should you build a home or buy a home

Should you build a house or buy a rebuild home?

May 28, 2023 By Scott Sheldon

For consumers who are beginning the road into homeownership, the notion of building a home versus buying something already built may seem attractive. If you are trying to decide, here are … [Read More...] about Should you build a house or buy a rebuild home?

why failing banks is good new for mortgage rates

Why failing banks is good news for mortgage rates

May 22, 2023 By Scott Sheldon

In the last few weeks, a handful of big banks have failed including Silicon Valley bank signature bank, and now First Republic Bank. While this is not a repeat of 2008, it does signal … [Read More...] about Why failing banks is good news for mortgage rates

What the bank or credit union may not be telling about their juicy mortgage offer

What the bank or credit union may not be telling about their juicy mortgage offer

May 14, 2023 By Scott Sheldon

You just went into a contract to buy a home, and now it's time to get a mortgage loan to close escrow. If you decide to ask your local credit union or bank for mortgage info, make sure to … [Read More...] about What the bank or credit union may not be telling about their juicy mortgage offer

Why hourly wage earners sometimes have a hard time getting a home loan

Why hourly wage earners sometimes have a hard time getting a home loan

May 9, 2023 By Scott Sheldon

You’re all excited to purchase your first home, you have a good job, you have a good down payment, and you’ve got a good credit score. What could go wrong, right? Here’s an occurrence that … [Read More...] about Why hourly wage earners sometimes have a hard time getting a home loan

How to avoid common self employed mortgage mistakes

How to avoid common self employed mortgage mistakes

April 30, 2023 By Scott Sheldon

If you're self-employed and trying to get prequalified to buy a home period it is not only the income you show on paper,  the total picture matters. Here's what you need to know if you self … [Read More...] about How to avoid common self employed mortgage mistakes

When you’re applying for a home loan, make sure you tell your lender everything

When you’re applying for a home loan, make sure you tell your lender everything

April 23, 2023 By Scott Sheldon

If you’re thinking about getting prequalified to buy a home, maybe you have some issues with your credit history in the past, or maybe you cosigned for someone else’s property. These are the … [Read More...] about When you’re applying for a home loan, make sure you tell your lender everything

How your interest free consumer debt may be keeping you from buying a home

How your interest free consumer debt may be keeping you from buying a home

April 14, 2023 By Scott Sheldon

If you’re thinking about purchasing a home and you’re carrying any consumer debt, such as installment loans, personal loans, or even low-rate credit cards. These things could adversely … [Read More...] about How your interest free consumer debt may be keeping you from buying a home

CAL HFA SHARED APPRECIATION DREAM PROGRAM

Why is the Cal HFA Shared Appreciation Dream Program as good as it sounds

April 7, 2023 By Scott Sheldon

If you’re looking to buy a home in the State of California and you’re a first-time homebuyer, and you don’t have 20% down or a very small down payment, this program could be a game changer … [Read More...] about Why is the Cal HFA Shared Appreciation Dream Program as good as it sounds

How earning more income affects your ability to buy a home.

How earning more income affects your ability to buy a home

April 3, 2023 By Scott Sheldon

If you’re thinking about purchasing a house, it’s not just your credit score and your down payment that counts, it’s also your income, as your income drives affordability. How much income … [Read More...] about How earning more income affects your ability to buy a home

fha rule mortgage loan

This FHA lender rule could be problematic for your mortgage

March 26, 2023 By Scott Sheldon

If you're applying for a residential mortgage loan and you're looking at an FHA loan to purchase or refinance a home this lender requirement could be problematic for you as it relates to … [Read More...] about This FHA lender rule could be problematic for your mortgage

Why Silicon Valley Bank failed and why it's good news for mortgage rates going forward

Why Silicon Valley Bank failed and why it’s good news for mortgage rates going forward

March 19, 2023 By Scott Sheldon

The recent failure of Silicon Valley Bank points to a broader issue that banks particularly depository institutions face as relates to their financial stability. Here is how this benefits … [Read More...] about Why Silicon Valley Bank failed and why it’s good news for mortgage rates going forward

locking mortgage rate with discount points

Should I pay discount points when locking my interest rate?

March 12, 2023 By Scott Sheldon

For those looking to purchase to refinance a home, there might be some shellshock as it relates to costs associated with getting a home loan these days. It’s no surprise we are still in an … [Read More...] about Should I pay discount points when locking my interest rate?

FHA Mortgage Insurance Premiums reduced by 30 basis points-what this means for consumers

March 5, 2023 By Scott Sheldon

For folks looking to purchase or refinance a home with the FHA Loan, the Federal Housing Administration has just announced a reduction to their private mortgage insurance premiums by 30 … [Read More...] about FHA Mortgage Insurance Premiums reduced by 30 basis points-what this means for consumers

5 ways ypu will not get a home loan

5 ways you will not get a home loan to buy a home

February 26, 2023 By Scott Sheldon

Most people given a choice would desire to purchase a home, arguably, given their financial situation, and their ability to handle a monthly housing payment. Oddly enough, there are times … [Read More...] about 5 ways you will not get a home loan to buy a home

Read More Mortgage News & Tips

Scott Sheldon has been featured on

List of Press Outlets Scott Sheldon has been featured in, including CNN Money, ABC News, and More
  • Save For A Down Payment Or Buy A Home Now?-USA Today
  • Ways To Reduce Debt Before Buying A Home- Mashable
  • How Much Cash You Really Need To Buy A Home Yahoo! Finance
  • A 15 Yr Mortgage Can Save You $190,000...But Can You Get One? Yahoo! Finance
  • 2 Strategies For Buying A Home When You're In Debt- Yahoo! Finance
  • 6 Fees To Look Out For When Buying A Home- Yahoo! Finance
  • How To Get Your Finances In Order Before You Buy A Home- ABC News
  • Mortgage Rates Stay Low As Home Buying Heats Up- Bankrate
  • How Long Does It Take To Get Approved For A Mortgage?- CBS News
  • Could Maternity Leave Keep You From Buying A Home? Fox Business
  • See All Press ▶

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Sonoma County Mortgages and New American Funding are an Equal Opportunity Housing Lender

Scott Sheldon, Senior Loan Officer
NMLS ID# 287389
2455 Bennett Valley Road C107
Santa Rosa, CA 95405
1-707-217-4000
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