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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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4 Loan Programs With Zero-Down Payment

Are there ways to get a mortgage loan without making a down payment? While the options are not as plentiful as they used to be, there are still at least four government-backed programs that allow borrowers to buy a home with no down payment. Over a decade ago, home prices were skyrocketing month-to-month, giving homebuyers “instant equity.” Mortgage lenders offered “zero-down” home loans to most of their customers, with confidence that those borrowers would soon own a significant stake in their homes. However, the housing market crashed, and home prices began plungin...

May 22nd, 2019 | VA Loans, FHA Loans, Conventional Loans, Home Buying or Selling, First-time Homebuyers, 4 Loan Programs With Zero-Down Payment

What to Expect When Buying Your First Home

Buying your first home is an exciting time in your life, but it can also bring some worry. The process is overwhelming at times, so first-time homebuyers often don't know exactly what to expect. When analyzing the cost of a home, you may forget to incorporate some of the other costs that come with the process. One of these costs is a down payment, which is nearly always required on a mortgage loan. Although 20% is a common goal, many lenders permit you to put down less. Doing so may result in the payment of private mortgage insurance, which would add to your total monthly payment. Altho...

May 17th, 2019 | Home Buying or Selling, First-time Homebuyers, What to Expect When Buying Your First Home

The Essential Pre-Home Search Step

You have been saving to buy a home for a while and you are curious to see what’s out there. A quick internet search turns up a few intriguing properties. You start dreaming of what your life would could be like in those homes. Before you run out and book a real estate agent to show you around, there is one essential step you should take: line up your mortgage funding. While that might seem premature when you’re just in the “looking” phase, getting pre-approved for a mortgage is the best way to start a search. Here’s why you should get pre-approved for a mortgag...

May 15th, 2019 | Home Buying or Selling, The Essential Pre-Home Search Step

What Do Higher Utah Real Estate Prices Mean for Home Buyers?

The Utah housing market has been skyrocketing this year, with homes in some well-sought after cities provoking bidding wars in hot neighborhoods. For home buyers, this may mean that they are more likely to end up paying more than they are expecting when they start looking for the home of their dreams. Home buyers should start preparing for their search by finding out what they can afford before making a list of what they want. Start by crunching the numbers with a qualified mortgage professional and determine which monthly payment can be safely worked into your budget. Once you have dete...

May 12th, 2019 | Mortgage News, Home Buying or Selling, What Do Higher Utah Real Estate Prices Mean for Home Buyers?

Can I Qualify for Down Payment Assistance?

One of the biggest obstacles to homeownership is coming up with enough money for a down payment. When your own savings are not adding up quickly enough and you don’t have a rich uncle to tap for an early inheritance, you may find some help in a down payment assistant programs.   Down Payment Assistance Programs Many state and local governments, as well as local lending institutions and non-profit organizations, have created down payment assistance programs because of their vested interest in helping residents and fellow community members become homeowners. Those who own homes...

April 10th, 2019 | Home Buying or Selling, Loan Programs, First-time Homebuyers, Can I Qualify for Down Payment Assistance?

Best Time of the Year to Buy a Home in Utah

Whether you have been saving up for your first home or you are ready to upgrade to a bigger place, you may be wondering if there is a “best” time to buy a home in Utah. While it depends on your priorities and your local market, there are some general home buying trends that could help you make your decision.   Spring and Summer These are typically the hot home buying and selling months. That means there will be more listings to choose from as a buyer. However, that also means there will probably be lots of other buyers looking at those listings and the competition could...

March 20th, 2019 | Home Buying or Selling, Best Time of the Year to Buy a Home in Utah

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