"Hey everybody, happy Friday! 🎉 I've got three things for you today:

1️⃣ Fannie and Freddie Mac are being more selective with loan files lately 📝. They're asking for paycheck stubs, additional sources of income, and verification of assets, making lenders feel the heat 🔥. They're even asking for BuyBacks on loans done months ago! So, get ready for lenders to get stricter on documentation and income calculations.

2️⃣ Let's talk rates 📈. Some articles might be a bit outdated, but over the last 10 days, we've actually seen rates improve 📉. Economic news shows inflation is getting under control, although employment numbers had a hiccup today. But hey, we're cautiously optimistic about rates!

3️⃣ Last but not least, a tip: Avoid letting your buyers pay points ⚠️. Points are essentially upfront interest, and lenders expect refinances down the line. We anticipate a

Non prime mortgage that allows for no debt to income ratio and no stated income.

Idaho Housing updated their down payment assistance programs!