(727) 914-9397
Ryan SpeltzA Deep and Growing Gap Between Demand and Supply The housing shortage we face today is not a temporary hiccup — it’s the result of years of underbuilding, growing household demand, and systemic barriers that limit new construction. Experts estimate the U.S. is short nearly 4 to 5 million homes, with some regions suffering far worse shortages than others.
Ryan SpeltzWhen planning to buy a home, many people turn to simple “rules of thumb” to guide them. One of the most popular is the 28 % rule: your monthly housing costs (mortgage, taxes, insurance, etc.) should not exceed 28 % of your gross (pre-tax) monthly income.
Ryan SpeltzWhat Is a USDA Loan? When it comes to affordable home financing, USDA loans are one of the best-kept secrets in the mortgage world. Backed by the U.S. Department of Agriculture, these loans are designed to help low- to moderate-income buyers purchase homes in eligible rural and suburban areas.
Ryan SpeltzMortgage Rates Are Teetering—But Not Tumbling Mortgage rates have dipped slightly in recent weeks, sparking curiosity among buyers: Is now the moment to lock in a mortgage rate? While 30-year, 15-year, and even ARM rates have seen modest declines, the reality is that these changes are minor—often less than 0.10%. And with the market so reactive to economic news, any gains could disappear overnight.
For more information, please contact your broker or loan originator at the email or phone number at the top right of the page.
Creative 1st Mortgage, LLC | NMLS# 2614631 | Licensed in AL, FL, KY, MN, TN, TX | 727-914-9397 | [email protected] | 447 3rd Ave N #210 Saint Petersburg, FL 33701 | Equal Housing Opportunity | Pursuant to the requirements of Section 157.0021 of the Mortgage Banker Registration and Residential Mortgage Loan Originator License Act, Chapter 157, Texas Finance Code, you are hereby notified of the following: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. | COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV
. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEB SITE AT WWW.SML.TEXAS.GOV
