One of the biggest challenges facing today’s housing market isn’t necessarily home prices—it’s something many economists refer to as the mortgage lock-in effect. Millions of homeowners purchased or refinanced homes between 2020 and 2022 when mortgage interest rates were historically low. Many of those borrowers locked in rates between 2% and 4%. Fast forward to…
Buying a home can feel overwhelming, especially if you’re worried about your credit score, down payment, or whether you’ll qualify for a mortgage. The good news is there are programs designed to help buyers who may not fit into traditional lending guidelines. One of those options is the Arrive Home Earned Equity Program (EEP). The…
New USDA Income Deduction Changes Could Help More Families Qualify for Homeownership If you’ve been thinking about buying a home with a USDA loan, there’s a small but meaningful update that could make a difference for some families. Effective July 13, 2026, the USDA increased two of the annual income deductions used to determine eligibility…
Buying a home is exciting — but it also comes with decisions that matter. One of the key choices you’ll face is how to cover your down payment. Should you use a down payment assistance (DPA) program, or simply put down 3.5% using a Federal Housing Administration (FHA)-insured loan? Let’s break it down in a…
Why Chasing a Lower Mortgage Rate Can Backfire When buying a home, it’s natural to want the lowest mortgage rate possible. But sometimes, chasing a slightly better rate from another lender—especially after your offer has already been accepted—can backfire in a big way. Real-World Scenario You’ve got an offer accepted on a house. You’re working…
Buying a home is a significant financial decision that requires careful planning and consideration of various financing options. Two common methods prospective homeowners might consider are borrowing from a 401(k) and utilizing down payment assistance programs. Each approach has its benefits and drawbacks, and understanding these can help you make an informed decision tailored to…
Buying a home is one of the most significant financial decisions many will make in their lifetime. As home prices continue to rise, so too does the level of income needed to qualify for a mortgage. This is particularly true in places like Sonoma County, California, where the picturesque landscapes and high quality of life…