J.D. Peck Producing Branch Manager

Did you know VA loans have NO maximum debt-to-income (DTI) ratio? If a lender tells you your DTI must be under 45-50%, that’s their rule, not VA’s! That’s called a lender overlay, and it could be stopping you from getting approved.

At PRMG, we’re a direct lender—which means we follow VA guidelines, not our own. That allows us to help service members and veterans qualify when others say no.

📢 Why does this matter?
✔️ Higher DTI flexibility helps in today’s market with higher rates & home prices
✔️ If you’re active duty, your housing allowance (BAH) can improve your approval odds
✔️ You may already be paying rent equal to a mortgage—why not own instead?

If you’ve been told your DTI is too high, let’s talk. You may have more options than you think! 📲

#VALoan #VAHomeLoan #NoDTILimit #MilitaryHomeBuying #VeteranBenefits #DebtToIncome #HomeBuyingTips #MortgageLender #JDMortgage #PRMGInc

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Is the housing market heating up again? Bidding wars are popping up in some areas, and home prices remain strong, with the median home price at $396,900—up 4.8% year-over-year despite a slight dip from November.

📊 Key Market Insights:
✔️ First-time homebuyers made up 28% of recent buyers
💰 Cash buyers accounted for 29% of purchases
🏢 Investors made up 17% of transactions

💼 Job Market & Fed Update:
📉 Job growth is slowing, and initial jobless claims rose to 219,000
🏦 The Fed plans to end balance sheet runoff by mid-2025, which means they’ll stop reducing their mortgage-backed securities and Treasury holdings—a positive signal for the bond market and mortgage rates

📈 Home Prices & Market Stability:
🔹 CoreLogic forecasts a 4.5% home price increase in 2024
🔹 Redfin reports a $50 trillion total home value increase nationwide
🔹 Low inventory is leading to more price stability

With changing market conditions, staying informed is key. Thinking about buying or selling? Now’s the time to strategize! 📲

Lending in 49 States 🇺🇸
jdpeckteam@prmg.net
amadril@prmg.net

#EconomyUpdate #HousingMarket #JobMarket #FedNews #RealEstate #MarketTrends #Finance #JDMortgage #AndresMortgage #PRMGINc #PRMGCos

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According to Redfin, the total value of U.S. homes has reached a record $49.6 trillion, reflecting a $3.1 trillion increase over the past year.  This surge indicates that homeowners are sitting on substantial equity, effectively turning their properties into gold mines.

As housing supply tightens, market experts anticipate increased home price stability in the near future. This environment presents a favorable opportunity for prospective buyers to enter the market before prices potentially rise further.

Key Highlights:
• Record-Breaking Home Values: The U.S. housing market’s total value has soared to nearly $50 trillion.
• Tightening Supply: Limited housing inventory is contributing to price stability and potential future increases.
• Buyer Opportunity: Current conditions may benefit buyers looking to invest before further market shifts.

Staying informed on these trends is crucial for making strategic real estate decisions.

Lending in 49 States
📧 jdpeckteam@prmg.net
📧amadril@prmg.net

#Redfin #HomeValue #RealEstate #Equity #HousingMarket #PriceStability #RealEstateInvesting #PropertyInvestment #HousingMarketUpdate #MarketWatch #RealEstateTrends #HomeOwnership #InvestmentOpportunity #HouseHunting #DreamHome #PropertyMarket #HomeBuying #BiddingWars #MarketUpdate #FirstTimeHomebuyers #JDMortgage #AndresMortgage #PRMGInc #PRMGCos @andresmadril @PRMGCorp

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Are bidding wars making a comeback? 15% of homebuyers paid above listing price in recent transactions, signaling increased competition in certain areas!

📊 Market Breakdown:
✅ Median home price: $396,900 (down slightly from November but up 4.8% YoY)
🏡 First-time buyers: 28% of all homebuyers
💰 Cash buyers: 29% of purchases

🏢 Investors: 17% of transactions

With buyers stepping back in, competition is rising. If you’re looking to buy, now is the time to plan your strategy before the market heats up even more! Let’s talk about your options. 📲

📧jdpeckteam@prmg.net
📧amadril@prmg.net

#HousingMarket #HomePrices #BiddingWars #OverAsking #RealEstateTrends #HomeBuying #FirstTimeBuyer #CashBuyers #MarketUpdate #MortgageTips #JDMortgage #PRMGInc #AndresMortgage @andresmadril @PRMGCorp

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Did you know VA loans don’t have a minimum credit score requirement? That means even if your credit isn’t perfect—or even if it’s not great at all—you could still qualify for a VA mortgage!

Some lenders add their own overlays (extra guidelines), making it harder for veterans to get approved. But at PRMG, we work directly with VA guidelines, allowing us to help where others can’t.

If you’ve been denied before or told you don’t qualify, don’t give up. Let’s talk and explore your real options. 📲

#VALoan #VeteranHomeBuying #NoCreditScoreRequired #MilitaryHomeownership #VAHomeLoan #MortgageTips #HomeBuying #JDMortgage #PRMGInc #ManualUnderwriting #NoMinimumCreditScore #LendingIn49States

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🚨 Big Market Shifts! What’s Next for Housing & Rates? 📊🏠

Inflation is rising 📈, the Fed is holding off on rate cuts 🏦, and retail sales just took a major hit 📉. What does this mean for mortgage rates and homebuyers? J.D. & Andres break it all down in this week’s Housing & Market Update!

Mortgage rates, affordability, and the economy are shifting fast—are you prepared? We’re covering what you need to know to navigate this market.

💬 What’s your take? Are you waiting for lower rates or making moves now? Drop your thoughts in the comments! ⬇️

🔔 Subscribe for Weekly Market Updates! 🔔

#HousingMarket #MortgageNews #InterestRates #MarketUpdate #RealEstate #HomeBuying #MortgageRates #JDandAndres #FinanceNews #PRMGCOS #PRMGInc #JDPeckPRMG #JDPeckMortgage #Inflation #Jobs #Spending #Debt #Economy #JDMortgage #AndresMortgage #Eggs #Chicken

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💳📉 The holiday spending spree is catching up with people—Core Retail Sales fell by 0.8%, signaling that many have been relying on credit cards. With interest rates still high, now might be the time to explore debt consolidation and take control of your finances. 🏡💰

Need guidance? Let’s talk about your options. 📲💡

#DebtConsolidation #CreditCardDebt #FinancialHealth #MortgageSolutions #HomeEquity #PRMGCOS #PRMGInc #JDPeckPRMG #JDMortgage #AndresMortgage #HELOC #consolidation #Debt

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In January, egg prices surged, the largest monthly increase since 2015, primarily due to a severe bird flu outbreak affecting poultry flocks nationwide.  This has led to significant price hikes and purchasing limits in stores, with some retailers charging up to $12 per dozen. 

Simultaneously, the job market presents a complex picture. While initial unemployment claims remain relatively low, indicating that layoffs are not widespread, continuing claims have risen to a three-year high, suggesting that those who are unemployed are experiencing longer durations without work. 

These economic indicators reflect the ongoing challenges in balancing supply chain disruptions and labor market fluctuations. Staying informed is crucial as we navigate this economic landscape.

Lending in 49 States
📧 jdpeckteam@prmg.net
📧amadril@prmg.net

#Inflation #EggPrices #BirdFluImpact #JobMarket #UnemploymentClaims #EconomicTrends #FinancialHealth #JDMortgage #AndresMortgage #PRMGInc #PRMGCOS
​⁠@andresmadril ​⁠@PRMGCorp

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🎤📊 We’ve got some BIG numbers to break down, so let’s dive in! 👇

📢 January added 143K jobs—lower than the 170K expected, but here’s the wild part:
📈 The last two months were revised UP by 100K jobs 💡 Not all bad news!

⚠️ Wall Street got a little nervous because:
💰 Wages increased by 0.5% → More spending = 🚀 Inflation risk
📉 And we all know the bond market HATES inflation 😬

What does this mean for rates? Stay tuned—more insights coming soon! 🎥

jdpeckteam@prmg.net
amadril@prmg.net

#WeeklyMarketUpdate #MortgageRates #HousingMarket #BLSJobsReport #InflationWatch #StayInformed #JDandDre #MarketTrends #FinanceNews #JDMortgage #AndresMortgage #PRMGCorp #PRMGSpirit

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