What a Year! Inlanta’s Highlights of 2016

What a Year! Inlanta’s Highlights of 2016

2016 was an eventful year at Inlanta Mortgage. We accomplished a lot thanks to the amazing employees we have on our team, as well as our valued customers and business partners. Thank you from the bottom of our hearts for your support over the last year. While we look forward to all of the exciting things 2017 has in store for us, we’d like to take a moment to count our many blessings and reflect on our accomplishments from this last year:

 

Awards

In February 2016, Inlanta was named a Top Mortgage Employer by National Mortgage Professional Magazine. Then in June, we were named a Top Workplace by Milwaukee Journal Sentinel. Thank you to our employees who voted for us to receive these designations – we could not have done it without you!

Several individuals were recognized for their achievements as well. Nicholas DelTorto (President/CEO), Cindy Laffey (branch partner in Overland Park, KS), and Jim Snyder (branch manager in Pewaukee, WI) were recognized as Mortgage Professional America’s (MPA) Hot 100. Cindy was also recognized as one of MPA’s Elite Women in Mortgage. Jeremy Page, branch manager at our Greenfield, WI branch, was named one of MPA’s Young Guns for a second consecutive year. We also had 4 members of our team recognized at the Wisconsin Mortgage Bankers Association’s (WMBA) Best in Business Awards. Corporate underwriters Andrea Puricelli and Trisha Mulder-Conwell were nominated as Best Underwriter for the Milwaukee Chapter and Northeast Chapter, respectively. Jim Snyder won Best Loan Originator for the Milwaukee Chapter, and Eric Johnson won Best Loan Originator for the Northeast Chapter. Congratulations again to all of our superstars!

 

New LOS

In February, we started the rollout of our new loan origination system, LendingQB. It took several months of preparation leading up to the transition, followed by weeks of training and long hours put in by our LOS Transition team. On top of that, we made this transition during Spring’s high buying season without losing the great service levels and experience our customers are accustomed to. We thank all of our employees for their efforts in making the transition as seamless as possible while keeping our customers our top priority.

 

New Corporate Headquarters

We moved! Our company is growing, and we were starting to outgrow our old space. In August, we moved from Brookfield, Wisconsin to our beautiful new building in Pewaukee, Wisconsin! While we didn’t move far, we now have a much nicer work environment with plenty of room to grow.

 

Philanthropy

We are always looking for ways to give back to our community. In honor of the many friends and colleagues who have cancer, have lost their battle to cancer, or know someone with cancer, we have made it our philanthropic mission to help find a cure. In July, a group of Inlanta employees participated in the Lombardi Walk/Run to Tackle Cancer in Milwaukee. The group asked fellow Inlanta employees, family, and friends to donate to the cause and raised a total of $8,080. They then spent the day at the Henry Maier Festival Park to participate in the Walk/Run. In September, we held a raffle as part of our 12th Annual Sales Conference. We raised $10,440 for the Cancer Research Institute (CRI), an organization that provides funding for lifesaving immunotherapy research. This was the second year we raised money for CRI and we look forward to continuing our work with them.

Further, we wanted to help local families in need during the holidays. Our corporate office and Pewaukee branch participated in Inlanta’s first annual food drive competition. Each team competed to bring in the most food items to become the competition victors. The winning team, our Compliance & Quality Control departments, donated 438 items! In total, we collected 1,671 food items for the Pewaukee Food Pantry.

 

Thanks a Billion – $1 Billion in loan volume

We reached our goal of $1 billion in loan volume! We are so grateful to our employees who have worked hard this year to achieve this goal. We also want to thank all of our customers and business partners for being a part of this milestone. Thanks a Billion!

 

 

30-Year Fixed Rate Mortgage

30-Year Fixed Rate Mortgage Loans

Are you ready to buy a home? What type of loan do you choose? The most common type of loan is the 30-year fixed rate mortgage loan. Watch this video to learn more and call a licensed Inlanta Mortgage loan officer to begin your free, no-obligation consultation. Use our branch locator to find a loan officer near you.

Inlanta Loan Programs

In addition to the fixed or adjustable rate mortgage options, a licensed Inlanta Mortgage loan officer can help you determine which specific loan program is best for your situation. Inlanta offers a number of  loan programs including no down payment USDA financing, VA financing, conventional loans, and FHA loans. In addition, Inlanta offers renovation/rehabilitation loan options and the new low down payment options available from Freddie Mac and Fannie Mae (Home Possible® & MyCommunityMortgage®). Contact an Inlanta Mortgage loan officer to learn more about these unique financing options.

Our Mission Statement

Our mission is to be the home financing partner that you trust to serve your family, friends and community. Through our family of dedicated mortgage professionals, our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty and ethics is the foundation of all of our relationships.

About Inlanta Mortgage

Headquartered in Brookfield, Wisconsin, Inlanta Mortgage is a growing mortgage banking firm committed to quality mortgage lending, ethical operations and strong customer service.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Freddie Mac and Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs.

Inlanta Mortgage was recently named a Top Mortgage Lender in 2013 as well as 2012 by Scotsman Guide. Inlanta was also recently named a Top Workplace in 2014 as well as in 2012. Inlanta has also been named one of the “Top 100 Mortgage Companies in America” in 2011, 2012 and 2013 and one of the 50 Best Companies to Work For by Mortgage Executive Magazine.

Inlanta Mortgage, Inc. NMLS #1016, MyCommunityMortgage® is a registered trademark of Fannie Mae, HomePossible® is a registered trademark of Freddie Mac.

Inlanta Mortgage Opens New Oconomowoc Office

New Oconomowoc Office

New Oconomowoc Office

Inlanta Mortgage is pleased to announce its sixteenth Wisconsin office has opened in Oconomowoc. Steve March and Jason Grubba will be co-managers and operate out of the new office in downtown Oconomowoc.

Experienced Oconomowoc Loan Officers

March and Grubba each come to Inlanta with over 10 years of mortgage industry experience and the knowledge to help their customers make smart and savvy financial decisions. Along with their knowledge and experience in the industry, they both work hard to provide clients with the best customer service, so they are confident in their financial decisions. Both March and Grubba specialize in a variety of programs Inlanta has to offer, including new homebuyers, government loans, renovation properties and much more.

When it comes to purchasing or refinancing a home, March and Grubba know it is one of the biggest financial decisions people will make in their lifetime. March and Grubba seek to help their customers make wise financial decisions that benefit them over time. By joining Inlanta, they will be able to focus on working one-on-one with borrowers in Oconomowoc, Lake Country, and Wisconsin, while Inlanta’s support staff will take care of the rest.

“I joined Inlanta Mortgage because I believe the technology, platform, efficiency, and support are what I need to get me to the next level and develop a stable, long term career,” March said.

“I believe the Inlanta Mortgage structure, marketing, and tools follow my vision of being the go-to-lender in my community,” Grubba said.

The Oconomowoc office is located at 183 E. Wisconsin Ave. Suite J, Oconomowoc, WI 53066.

About Inlanta Mortgage

Headquartered in Brookfield, Wis., Inlanta Mortgage was established in 1993. The company has grown to 31 branches in 16 states and over 220 employees. Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs.

Inlanta Mortgage was named a Top Mortgage Lender in 2012 by Scotsman Guide and has been listed on Mortgage Technology’s Top 25 Tech Savvy Lenders List for the last four years. Inlanta has also been named to the Milwaukee Business Journal’s “Top 25 Largest Milwaukee-Area Mortgage Banking Companies” and Mortgage Executive Magazine’s “Top 100 Mortgage Companies in America” in 2011 and 2012. In addition, Inlanta was named a “Fastest Growing Firm” by Milwaukee Business Journal in 2013 and a “Platinum Million Dollar Lender” by the USDA Rural Development Program.

Inlanta Mortgage’s Mission

Inlanta’s mission is to be the home financing partner that you trust to serve your family, friends and community. Through our family of dedicated mortgage professionals our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty and ethics is the foundation of all of our relationships.

For more information, please call Inlanta Mortgage at 262-439-4260, email info@inlanta.com or visit the company’s website at www.inlanta.com. For more information on branch partnership opportunities with Inlanta Mortgage visit inlantapartners.com or email partners@inlanta.com.

Mortgage Rates Hold

Mortgage Rates Near Record Lows
 

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) today, showing average fixed mortgage rates largely unchanged from the previous week after bouncing around over the past few weeks on market speculation that the Federal Reserve will taper in its upcoming September monetary policy committee meeting.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey (PMMS) average 30-year fixed rate mortgages held steady at 4.40 percent. Last year at this time the 30-year FRM averaged 3.62 percent.

15-Year Fixed Rate Mortgages

The average 15-year fixed rate mortgage rose slightly to 3.44 percent from 3.43 percent last week. Last year at this time, the 15-year FRM averaged 2.88 percent.

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) moved up to 3.23 percent from 3.19 percent last week. A year ago, the 5-year ARM averaged 2.76 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM went up to 2.67 percent from 2.62 percent last week. Last year at this time, the 1-year ARM averaged 2.69 percent.

Low mortgage rates continue to assist with the housing market recovery. Contact a licensed mortgage loan professional to take advantage of low mortgage rates. Find a loan officer near you or apply online for a mortgage loan and we will redirect your application to a qualified loan professional near you.

Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac:

“Fixed mortgage rates have been bouncing around over the past few weeks on market speculation that the Fed will taper some of its monetary stimulus. In fact, 65 percent of economists surveyed by Bloomberg expect the Fed to reduce the amount of bond purchases at its September 17th and 18th monetary policy committee meetings. Currently, mortgage rates on 30-year fixed mortgages are 1.1 percentage points above their all-time low set on November 21, 2012, which translates into $125 more per month in mortgage payments on a $200,000 loan.”

Each Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey (PMMS). The results are based on a survey of lenders each week on the rates and points for their most popular mortgage products. The survey is collected from Monday through Wednesday and the average results are posted on Thursday. For up to the minute mortgage rate information, please contact a mortgage loan professional. For more information about the Primary Mortgage Market Survey, visit the Freddie Mac website.

Original Source: Freddie Mac Interest rates listed above are national averages as reported by Freddie Mac. Individual interest rates are dependent upon credit approval and may include points. Average mortgage points are also reported in Freddie Mac’s Primary Mortgage Market Survey. Other mortgage financing fees may apply. Contact your lender for detailed information.

About Inlanta Mortgage – Celebrating 20 Years

Celebrating its 20th Anniversary, Inlanta Mortgage is a growing mortgage banking firm committed to quality mortgage lending, ethical operations and strong customer service.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Fannie Mae, FHA/VA, FHA 203K and USDA. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS #1016. Inlanta Mortgage is proud to be named to the Scotsman Guide Top Mortgage Lenders 2012 list and to be among the Top 100 Mortgage Banking Companies in America in 2012 and Fastest Growing Milwaukee-Area Firms.

USDA Loans – Mortgage Guidelines

About USDA Loans

What Are USDA Loans?

The USDA Rural Development Loan Program, or USDA loans for short, are designed to make rural housing more affordable. USDA loan program eligibility depends upon applicant income and the purchase property location. The USDA Rural Housing program is for residential purchases and rate-and-term refinances only – no cash out refinancing. All USDA loans are 30-year fixed rate mortgages.

USDA Loans – No Down Payment

One of the most appealing features of USDA Rural Development loans is that you can finance a home with no down payment. In other words, you can finance 100% of a home’s purchase price via the USDA.

USDA Mortgage Insurance

The USDA Rural Housing Program requires an upfront mortgage insurance fee at closing. The amount varies depending on loan size, but is relatively cheaper than FHA mortgage insurance premiums. If the upfront mortgage insurance premium is a burden, the USDA allows gifts from family and non-family members. A licensed Inlanta Mortgage loan officer can explain the USDA mortgage insurance requirements in more detail.

USDA Loan Eligibility

In order to utilize the USDA Rural Housing Program, your home must be located in a rural area. Although the term “rural” might not seem to apply to you – several suburbs and outlying communities of most major U.S. cities meet the USDA property location requirements. Check your property eligibility here: Rural Housing Property Eligibility.

Since the program is designed to help low-income individuals or households purchase homes – the USDA Rural Development Program also has income limits. Check the income limits for your area here: USDA Rural Housing Income Limits.

Apply for USDA Rural Housing Mortgage Loan

Inlanta Mortgage is an approved USDA Rural Housing Program Lender. Use our branch locator to find a licensed mortgage loan officer near you, or apply online now. If you apply online now, we will match you with a loan officer licensed to originate loans in your state.

The information provided in this post is not meant to be comprehensive. For more information on USDA mortgage loans, contact a licensed mortgage loan officer directly.

About Inlanta Mortgage

Inlanta Mortgage is proudly celebrating twenty years in business. Learn more about Inlanta’s twenty year history here.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS #1016. Inlanta Mortgage is a proud recent recipient of a Top Mortgage Lenders 2012 Award from Scotsman Guide and was recently recognized as one of the Fastest Growing Firms in the Milwaukee-Area by the Milwaukee Business Journal.

Mortgage Rates Continue Upward Trend

Mortgage Rates Near Record Lows
 

Fixed mortgage rates trending higher for the third consecutive week and putting pressure on refinance momentum. Regardless, mortgage rates remain low helping to keep home-buyer affordability high, which should further aid home sales and construction in coming weeks.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey (PMMS) average 30-year fixed rate mortgages moved up to 3.59 from 3.51 percent last week. Last year at this time the 30-year FRM averaged 3.78 percent.

15-Year Fixed Rate Mortgages

Average 15-year fixed rate mortgages rose to 2.77 percent from 2.69 last week. Last year at this time, the 15-year FRM averaged 3.04 percent.

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) moved up to 2.63 percent from 2.62 percent last week. A year ago, the 5-year ARM averaged 2.83 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM is stayed at 2.55 percent this week.Last year at this time, the 1-year ARM averaged 2.75 percent.

Low mortgage rates continue to assist with the housing market recovery. Contact a licensed mortgage loan professional to take advantage of low mortgage rates. Find a loan officer near you.

 

Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac:

“Fixed-rates moved up for the third consecutive week, with the average 30-year fixed-rate mortgage about a quarter-percentage point higher than three weeks ago. While this may slow some of the refinance momentum, rates are nonetheless low and home-buyer affordability high, which should further aid home sales and construction in coming weeks.

For instance, in April, single family housing permits rose to the strongest pace since May 2008 while existing home sales for the same month grew the most since November 2009. Moreover, the National Association of Realtors® reported that the median number of days on the market for these sales fell from 62 to 46 days, the fewest since it began collecting the data in May 2011.”

Original Source: Freddie Mac Interest rates listed above are national averages as reported by Freddie Mac. Individual interest rates are dependent upon credit approval and may include points. Average mortgage points are also reported in Freddie Mac’s Primary Mortgage Market Survey. Other mortgage financing fees may apply. Contact your lender for detailed information.

Inlanta Mortgage is proudly celebrating twenty years in business. Learn more about Inlanta’s twenty year history here.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.

Mortgage Questions – Home Loan FAQ’s

Mortgage FAQs

Mortgage Questions – Home Loan FAQ’s

1. Why buy, instead of rent?  Answer – A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home may go up over the years. Finally, you’ll enjoy having something that’s all yours – a home where your own personal style will tell the world who you are.

2. How much money do I need to come up with to buy a house? Answer – This amount varies. It depends on the cost of the house you want to buy and the type of mortgage you get. Generally, there are three types of money that you will want to make sure you have available to purchase a home:

  • Earnest Money – This is the money you deposit on the home when you submit your offer to purchase. This money indicates to the seller that you are serious about buying the home.
  • Down Payment – This amount will vary depending on the loan program you are using. Conventional and FHA loans require as low as a 3% down payment, while VA and USDA loans have no down payment options.
  • Closing Costs – Closing costs cover lender fees and processing expenses. Your closing costs will depend on the the loan program and house you plan to buy. Your lender will provide an estimate of closing costs on your Good Faith Estimate (GFE). Along with estimated costs, your GFE will also specify the terms of the loan for which you applied.

3. What do I need to apply for a mortgage? To apply for a mortgage with Inlanta Mortgage, we recommend you first complete an online application. You can use our branch locator to find a loan officer near you and apply online. After your application is received, your loan officer will require the following information to verify employment, identity, debt, and assets. This list is not exhaustive and more information may be required.

  • Copies of Bank Statements
  • 401(k), Stocks, Bond, Mutual Fund Account Statements
  • 2 Months Recent Pay Stubs
  • W2’s and Income Tax Statements for 2 Years
  • Records of Outstanding Loans/Revolving Credit Card Accounts
  • Copies of Driver Licenses/Identification Cards (verified)
  • 12 Month Rental History (if new home buyer)

4. What type of mortgage loan can I get? This will depend on many factors. Most first-time home buyers opt for a 30-year fixed rate mortgage. Review our mortgage loan programs to see which program would be most appropriate for your unique financing needs or contact a licensed Inlanta Mortgage lending professional for more information.

Visit our blog regularily for more answers to your mortgage questions!

Inlanta Mortgage is proudly celebrating twenty years in business. Learn more about Inlanta’s twenty year history here.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.

Use our branch locator to find a loan officer near you.

 

 

Average Mortgage Rates Drop

Fixed mortgage rates hold steady.
Mortgage rates reversed course from last week heading lower with the start of the spring homebuying season. As of this week, the 30-year fixed has remained below 4 percent for the year.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey (PMMS) average 30-year fixed rate mortgages moved down for the week ending March 21, 2013. The average 30-year fixed rate mortgage fell to 3.54 from 3.63 percent last week. Last year at this time the 30-year FRM averaged 4.08 percent.

 

15-Year Fixed Rate Mortgages

Average 15-year fixed rate mortgages fell to 2.72 percent from 2.79 last week. Last year at this time, the 15-year FRM averaged 3.30 percent.

 

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) held steady at 2.61 percent.  A year ago, the 5-year ARM averaged 2.96 percent.

 

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM was down slightly this week to 2.63 percent from 2.64 percent last week. Last year at this time, the 1-year ARM averaged 2.84 percent.

 

Contact a licensed mortgage loan professional to take advantage of these record low mortgage rates. Find a loan officer near you.

 

Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac:

“Low and stable inflation is placing downward pressure on fixed mortgage rates. Annual growth in the consumer price index has remained at or below 2 percent for the past four months, and for the producer price index even lower. This, in part, is why the Federal Reserve monetary policy committee on March 20th lowered the upper end of its inflation forecast for 2013. In addition, our March Outlook calls for 30-year fixed mortgage rates to remain below 4 percent throughout this year.”

 

Original Source: Freddie Mac Interest rates listed above are national averages as reported by Freddie Mac. Individual interest rates are dependent upon credit approval and may include points. Average mortgage points are also reported in Freddie Mac’s Primary Mortgage Market Survey. Other mortgage financing fees may apply. Contact your lender for detailed information.

Inlanta Mortgage is proudly celebrating twenty years in business. Learn more about Inlanta’s twenty year history here.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.

Credit Tips for Home Buyers

Credit Tips for Home Buyers

You’ve heard it all before. Rates are low, house prices are rising, and homeownership is a great way to accumulate wealth in the long term. So everyone should run out and buy a house, right?

Before you make any major decisions,  you may want to make sure your credit is as prepared for this investment as your heart is. While taking the time to consider where you want to live and how much house you can afford – you should also take the time to review your credit report.

Your credit score will help determine the interest rate you get. Higher credit scores enable borrowers to pay lower interest rates. If you haven’t already considered improving your credit score – it’s never to late to start. Here are a few credit tips for potential home buyers:

1. Check Your Credit.

Make sure the information on your credit report is accurate and up-to-date. Get a free copy of your credit report every year from each of the three major credit reporting bureaus at www.annualcreditreport.com. If you have already applied for a mortgage loan, your loan officer will have already pulled your credit report and should be able to advise you on aspects of your credit report that may require attention.

2. Pay Bills on Time

This sounds like a no-brainer but it is important. Lenders want to see a good payment history. Generally, if you pay your bills within 30 days of the due date your late payment will not be reported to the credit bureaus. However, you will accumulate unnecessary and costly late fees.

3. Pay Down Balances

The amounts of debt you have weighs heavily on your overall credit score. If you can pay down balances – your credit will improve. Generally, it’s reasonable to keep your credit card balances at or below 30% of your credit limit.

4. Approved?  Now Don’t Charge ANYTHING!

Before your loan closes, your lender may pull a second credit report. You financing can fall apart if after you initial application you run up credit balances, apply for a car loan, or anything else that would affect your credit score. There will be plenty of time for shopping after your loan closes – don’t risk it.

Each loan program that  Inlanta Mortgage offers has different requirements. Contact a licensed loan officer to see which programs you are eligible for.  Inlanta loan programs include FHA, VA, USDA, 203K, Jumbo, and conventional mortgages.

Inlanta Mortgage is proudly celebrating twenty years in business. Learn more about Inlanta’s twenty year history here.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.

Mortgage Rates Calm

Mortgage Rates Hold Steady

Mortgage rates changed little – continuing to hover near record lows helping to keep homebuyer affordability high.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey (PMMS) average 30-year fixed rate mortgages remained near record lows for the week ending November 29, 2012. The average 30-year fixed rate mortgage increased slightly to 3.34 percent – from last week’s average of 3.32 percent. Last year at this time the 30-year FRM averaged 3.99 percent.

 

15-Year Fixed Rate Mortgages

Average 15-year fixed rate mortgages increased to 2.67 percent from last week when the average was 2.64 percent. Last year at this time, the 15-year FRM averaged 3.27 percent.

 

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) fell slightly to 2.69 percent – down from last week when it averaged 2.72 percent. A year ago, the 5-year ARM averaged 2.93 percent.

 

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM dipped slightly to 2.55 percent from 2.56 last week. Last year at this time, the 1-year ARM averaged 2.80 percent.

 

Contact a licensed mortgage loan professional to take advantage of these record low mortgage rates. Find a loan officer near you.

 

Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac:

“Mortgage rates were little changed and near record lows this week amid indicators of stronger economic growth and signs of tame inflation. Third quarter real GDP growth was revised from an initial report of 2.0 percent to 2.7 percent, nearly matching the market consensus forecast.  Meanwhile, the 12-month growth rate of the core price index of consumer expenditures remained at 1.7 percent in October which is on the low end of the Federal Reserve’s projection range for this year.

“The housing market is aiding in this recovery. For instance, fixed residential investment added positive growth over the past six consecutive quarters and in the third quarter alone contributed 0.3 percentage points to real GDP growth. In addition, residential construction spending was up 3 percent between September and October and, pending home sales saw a 5.2 percent increase in October to its highest reading since March 2007.”

 

Original Source: Freddie Mac Interest rates listed above are national averages as reported by Freddie Mac. Individual interest rates are dependent upon credit approval and may include points. Average mortgage points are also reported in Freddie Mac’s Primary Mortgage Market Survey. Other mortgage financing fees may apply. Contact your lender for detailed information.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.