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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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Blog Image: Jumbo Loans for Veterans

Jumbo Loans for Veterans

If you are a veteran or a service member, you are probably well aware of VA mortgage loans. These loans offer excellent benefits, including no down payment or credit score requirements as well as allowing borrowers to forgo mortgage insurance premiums.  But what happens if you are looking to buy an expensive property or you live in a pricier area of the country, where home prices exceed the standard VA loan limits? Is it still possible to take advantage of VA mortgage financing? Thankfully, the answer is yes! You can apply for a VA jumbo loan.   Jumbo Loan Defined A jumbo loan...

October 24th, 2019 | VA Loans, Home Buying or Selling, Jumbo Loans for Veterans

Blog Image: VA Mortgage Loan Cap Eliminated

VA Mortgage Loan Cap Eliminated

U.S. military veterans can now apply for VA mortgage loan that now exceeds the conforming loan limit set by the Federal Housing Finance Agency (FHFA). The Blue Water Navy Vietnam Veterans Act, unanimously approved by the Senate and signed into law Tuesday by President Trump, removed the previous loan cap of $484,350 for VA loans. However, there will be some increase in VA fees as the law also provides disability compensation for veterans who suffer from Agent Orange-related diseases. The increase in fees will help to pay for those health care benefits.

July 8th, 2019 | VA Loans, VA Mortgage Loan Cap Eliminated

Blog Image: 4 Loan Programs With Zero-Down Payment

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

Blog Image: What are the Benefits of a VA Streamline Refinance?

What are the Benefits of a VA Streamline Refinance?

Do you want to take advantage of lower interest rates? Or maybe there’s some merit to changing your mortgage term. Perhaps you’d like to take advantage of either benefit but haven’t done it yet because you owe more on your home than it’s worth. A Utah VA Streamline could help. The VA Streamline allows clients with an existing VA loan the financial flexibility to lower their interest rate or change their term even if they have little to no equity. The formal name of this mortgage option is Interest Rate Reduction Refinance Loan (IRRRL) and you might also see it referr...

March 25th, 2019 | VA Loans, Refinance, What are the Benefits of a VA Streamline Refinance?

Blog Image: What Are Mortgage Points?

What Are Mortgage Points?

If you have ever checked out the current status of mortgage interest rates, you may have seen the average points listed next to the rates. What are these mortgage points and how do they affect your interest rate?   Points Defined Mortgage points, or discount points, are upfront fees paid to your lender that allow you to “buy down” your interest rate on your home loan. The idea is that you are prepaying some of the interest on the mortgage, which gives you a lower rate. The more points you pay, the lower your interest rate will be. One point is equal to 1% of the total m...

February 6th, 2019 | Home Buying or Selling, Conventional Loans, VA Loans, FHA Loans, Mortgage Basics, Interest Rates, What Are Mortgage Points?

Blog Image: Ins and Outs of a Down Payment

Ins and Outs of a Down Payment

Being able to purchase a home is often tied to how much of a down payment you have saved. If you have never bought a house before, you may not understand what a down payment is or why it is so important. Here are the basics you need to know as you save up for your first Utah home. A down payment is a portion of the purchase price paid up front to your mortgage lender. It is very important to mortgage brokers and mortgage lenders because it shows them you are serious about the purchase and committed to paying off your loan.   How Down Payments Affect Your Mortgage The size of you...

January 2nd, 2019 | Conventional Loans, First-time Homebuyers, VA Loans, FHA Loans, Interest Rates, Home Buying or Selling, Ins and Outs of a Down Payment

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