Service First Blog

Types of Home Loan Programs

Posted by:  Service First
2017-06-21 10:29:32

At Service First, we provide different types of mortgage loans that will meet your individual needs whether you are looking to purchase or refinance a home. Check out the list below to learn more about the different loan options you can choose from during the home buying process. Conventional...[read more...]

Categories:   tips


New Home Buyer Tips: Types of Government Loans

Posted by:  Service First
2017-06-14 15:06:20

Are you looking to purchase a government loan for your new home this summer but not sure, which government loan program to choose? At Service First, we provide various government loan options to choose from that will fit your budget and needs. Check out this list below! FHA (Federal Housing Admin...[read more...]

Categories:   tips


Finding the Right Lender

Posted by:  Service First
2017-06-07 14:57:16

In order to purchase your new home, you will need a lender you can trust. It’s important to take your time, do research, compare interest rates between different lenders. By using the following steps below, will help you find a good mortgage lender that will help you purchase your dream home. ...[read more...]

Categories:   tips


New Homeowner Tips: Steps to Buying a Home

Posted by:  Service First
2017-05-31 11:05:06

As you prepare for your next huge investment, first time home buyers should take the necessary steps to make sure their transition from renter to homeowner goes smoothly. Use these 5 tips prior to apply for a mortgage. Check your credit score and resolve any errors.  Checking your cred...[read more...]

Categories:   tips


How Long Does It Take To Buy A Home?

Posted by:  Service First
2017-05-24 15:21:53

How Long Does It Take to Buy A Home? Many people tend to underestimate the time frame of purchasing a home. There are a couple of components to buying a home, which takes preparation time. Everyone wants to be able to find a home and close within a short time frame, but in reality the home buying...[read more...]

Categories:   tips


Tips on Getting Approved for Your Dream Home

Posted by:  Service First
2017-05-10 10:53:43

The approval process on your dream home can seem a bit dreadful. Whether you are in the process of getting pre-qualified for a home loan or waiting on the “You’re Approved” email; the waiting period can seem daunting. First-time homebuyer should be aware of the necessary steps t...[read more...]

Categories:   tips


Interested in Joining Service First?

Posted by:  Service First
2017-05-08 10:20:05

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Natalee Davenport: Why I Chose Service First

Posted by:  Service First
2017-05-08 10:19:08

!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n; n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefo...[read more...]

Categories:   testimonials


A Checklist for New Home Buyers

Posted by:  Service First
2017-05-03 12:13:52

It's home buying season, and it's time to get fully prepared for the home buying process. As a home buyer, you should understand the process of buying a home and knowing how much house you can afford.  Buying a home is a huge investment and you want to make sure you are making th...[read more...]

Categories:   tips


The Chance To Be Part of Something Bigger

Posted by:  Service First
2017-04-27 08:16:08

  Humble, grateful, happy, human, and part of something bigger. When thinking about great sales people, these descriptions may not always be top of mind. But these are exactly the feelings witnessed on a recent awards trip recognizing our best originators and leaders.  In early A...[read more...]

Categories:   company news


  Our Mansfield branch and Marketing Director, Sammy Gonzalez, met with the "Peace Officer Angel Foundation" at the Texas Rangers game to support officers who were wounded in the line of duty. We are committed to giving back to the communities we serve, not only through financial r...[read more...]

Categories:   company news


Financial Tips for Married Couples

Posted by:  Service First
2017-04-19 15:35:39

Having a marriage in which both spouses are able to be upfront and honest about their expectations and goals is the first step to a monetary marital bliss.  So what next?  Understanding your spouse’s financial perspective can help build a strong financial foundation for your fa...[read more...]

Categories:   tips


Credit Card Habits to Start Now

Posted by:  Service First
2017-04-12 12:19:33

Many consumers tend to develop bad credit card habits after receiving their first credit card. It is important to stay on top of your finances and be responsible when making monthly payments. Check out these beneficial tips on practicing healthy credit card habits. Autopay Many banks provide ...[read more...]

Categories:   tips


Service First Home Loans, an emerging national mortgage lender, announces the opening of the company’s first branch in Kentucky. The Louisville Branch will be managed by industry veteran, Nancy Oyler, located in a temporary location at 9850 Von Allmen Court, Suite 201, Louisville, KY 40241. Th...[read more...]

Categories:   company news


Service First Company Rally Video Contest

Posted by:  Service First
2017-03-31 09:43:29

The winner is............ ACCOUNTING   We would like to congratulate our Accounting department on winning the Service First Company Rally video contest. Each branch/deparmtent had to create and submit a 1-2 minute video while incorporating the following items: Theme: One Team, O...[read more...]

Categories:   company news


Mortgage News: A New Credit Policy Coming Soon

Posted by:  Service First
2017-03-29 07:39:28

An impactful change will take place on July 1st with borrowers credit scores and the process of reviewing credit scores. The three national credit bureaus – Equifax, Experian, and Transunion – will stop collecting and reporting civil judgement and tax lien information. Lenders and landlo...[read more...]

Categories:   industry news


Tips for Living Alone in Your New Home

Posted by:  Service First
2017-03-22 15:49:45

Are you currently living alone or interested in purchasing a home for yourself? Living alone can be a bit scary at first, but it doesn't have to be. We've listed 4 helpful tips on how to live alone while maintaining your peace of mind. Security System Alternatives Burglars look for sig...[read more...]

Categories:   tips


Homebuyer Tips: Preparing For Moving Day

Posted by:  Service First
2017-03-15 07:37:50

You’ve finally signed the final paperwork to close on your dream home. Now that you’ve officially become a homeowner, it’s time to start thinking about the moving process. Are you financially prepared for moving costs and fees? As you prepare for your move, consider these three ...[read more...]

Categories:   tips


"I was very honored to host over 40 realtors at our Service First Mortgage corporate office training room to teach a continuing education class for Realtors. We had a great turnout for the class which was entitled Facebook Secrets for Agent Success. This class is a basic Facebook class for real...[read more...]

Categories:   tips


Paying Too Much for Property Tax?

Posted by:  Service First
2017-02-28 07:55:10

Are you tired of paying too much for property taxes? Here are a few tips to help you check for errors in your home’s assessment, which could save you money. Typical Errors: When inspecting a property, you should have a document to record information you see around the home. It should inc...[read more...]

Categories:   tips


8 Homeowner Tax Write-offs

Posted by:  Service First
2017-02-22 09:44:10

Are you aware of the tax deductibles you may qualify for as a homeowner?  We’ve listed eight tax write-offs you can take advantage of while filing your taxes this year. Mortgage Interest Payments: As a homeowner, you may be eligible to deduct some of the mortgage interest payments, ...[read more...]

Categories:   tips


Looking forward to your tax refund? Here are four ways to reinvest in your home using your tax refund.  Paying Down Debts While the prices of homes increase and interest rates remain low, it is best to apply a portion of your tax return to pay down other debts. Your currents debts could c...[read more...]

Categories:   tips


If you’re in your 20s, balancing your finances before turning 30 may seem daunting. But it doesn’t have to be! You can begin to develop healthy financial habits now by following these three simple steps: Plan for future growth to generate income. Instead of spending your whole...[read more...]

Categories:   tips


Helpful Tips on Snagging an Extra Tax Break

Posted by:  Service First
2017-02-10 09:24:44

Tax season is finally here! Many homeowners may know what to look for when it comes to tax breaks, but some may not. We’ve listed four deductions that you may qualify for when filing your taxes. Deduction Points If you bought a house last year, you will be eligible to deduct points you&r...[read more...]

Categories:   tips


Is your closing date coming up? Now is a good time to ensure you have the following five items in order prior to closing:  Be Aware of Your Mortgage Rate Expiration Date It’s important for you to know that your mortgage rate isn’t set in stone. Your initial “lock-in&...[read more...]

Categories:   tips


3 Tips for First-Time Homebuyers

Posted by:  Service First
2017-01-23 15:28:27

For most people, a home is the largest purchase you will ever make. That’s why preparing for this important step in your life is so important. Use these three tips prior to applying for a mortgage: Check your credit score and resolve any errors. Lenders use your credit history and credit sc...[read more...]

Categories:   tips


3 Common Mistakes New Home Buyers Tend to Make

Posted by:  Service First
2017-01-23 13:56:27

Being a first-time homebuyer can be very exciting. No more renting! No more loss of equity! However, with that excitement might come mistakes. Here are three mistakes homebuyers tend to make and how you can avoid them:  Not Seeking the Advice of a Mortgage Professional When entering ...[read more...]

Categories:   tips


4 Phrases to Avoid during a Home Tour

Posted by:  Service First
2017-01-18 12:47:24

If you’re in the market for a new home, you’re most likely going on many home tours with your real estate agent. During these tours, it’s important to avoid using certain phrases that may be overheard by others such as sellers, neighbors or listing agents. Here are four things y...[read more...]

Categories:   tips


Advantages of Buying a House with Cash

Posted by:  Service First
2017-01-18 08:16:56

There are many advantages that some homebuyers may overlook when purchasing a home with cash. Check out some of these secrets all cash buyers should be aware of during the home buying process. No More Mortgage Payments Paying with cash means no more mortgage payments! Paying your mortgage in ...[read more...]

Categories:   tips


Service First Cares Fall Cause Campaign: C.O.P.S.

Posted by:  Service First
2017-01-13 15:44:52

  The Service First Cares campaign, supporting C.O.P.S. (Concerns of Police Survivors) came to a close on December 16, 2016.   Below is a summary of the savings and donations made during the campaign: $9,520 in total savings for police officers via our offer to waive lender f...[read more...]

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A Guide for First-time Homebuyers: FHA Loans

Posted by:  Service First
2017-01-10 15:54:01

Not sure what an FHA loan consists of? We’ve provided valuable information for first-time homebuyers to help you decide if an FHA loan is best for you. An FHA loan is a mortgage issued by federally qualified lenders, which is insured by the Federal Housing Administration (FHA). This loan is...[read more...]

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Down Payments: What New Homebuyers Should Know

Posted by:  Service First
2016-12-29 07:37:52

Many first-time homebuyers are unfamiliar with the home buying process, including down payments.    Here are a few things you should know about down payments.   What is a Down Payment? A down payment is an initial payment made when buying a home. A down payment is...[read more...]

Categories:   tips


With Christmas around the corner, what better way to treat yourself than to purchase your dream home? Check out these three tips on purchasing a home during the holidays. Hire a Real Estate Agent  There are many real estate agents around you, but only a...[read more...]

Categories:   tips


In Their Own Words: A Customer Testimonial

Posted by:  Service First
2016-12-20 14:03:59

We love receiving feedback from our customers! Check out this awesome testimonial given to Branch One team members, Diane Davalos, Sr. Loan Officer; and Mari Arniz, Processor.    I wanted to reach out to express how pleased I was with Diane and Mari servicing my loan approval...[read more...]

Categories:   testimonials


When Should You Refinance Your Home?

Posted by:  Service First
2016-12-14 10:08:59

The decision to refinance your home may seem difficult, but it doesn’t have to be. There a few things you should take into consideration when exploring your refinancing options. Here are 3 key factors to consider when making the decision to refinance your home. Timing: Refinancing can...[read more...]

Categories:   tips


Increase in Maximum Conforming Loan Limits in 2017

Posted by:  Service First
2016-12-02 10:26:32

The Federal Housing Finance Agency (FHFA) recently announced an increase in the maximum conforming loan limits in 2017 for Freddie Mac and Fannie Mae mortgages. In most of the country, the 2017 maximum loan limit for one-unit properties will be $424,100, an increase from $417,000. In areas whe...[read more...]

Categories:   industry news


  Carlos Garza promoted to branch manager for the company’s office in Laredo, Texas.   Service First Mortgage, a leading Texas-based mortgage lender, continues to demonstrate its culture of promoting from within through the recent promotion of Carlos Garza to branch manage...[read more...]

Categories:   company news


Millennials are Driving the Housing Market

Posted by:  Service First
2016-11-23 07:55:07

Skyrocketing rents are driving millennials to steadily increase their presence in the housing market by buying instead of renting. At today’s average rental rates, the price of renting an apartment or a condo cost about the same as purchasing a home, from a month-by-month perspective. Pu...[read more...]

Categories:   industry news


We are honored to be voted as #19 among Midsize Companies for the Top 100 Places to Work in 2016 by the Dallas Morning News. Every spring, the newspaper solicits nominations for the Top 100 Places to Work. Anyone can nominate a company and at least 35 percent of a firm’s employees must fill...[read more...]

Categories:   press


5 Security Tips for First-Time Homebuyers

Posted by:  Service First
2016-11-17 13:19:35

With all of the excitement most homebuyers experience after purchasing a home, you may forget about the important security measures you should take to secure your new home. Here are five security tips for first-time homebuyers. Install a home security system. There are many benefits of p...[read more...]

Categories:   tips


Preparing for Homeownership

Posted by:  Service First
2016-11-11 09:49:33

Understanding the costs associated with purchasing a home are important to consider before making that final decision. It is important that you fully understand the process of transitioning from renting to becoming a homebuyer. Here are a few tips that will help you determine if you’re r...[read more...]

Categories:   tips


Customer Testimonial

Posted by:  Service First
2016-11-04 16:06:28

We love receiving feedback from our customers! Check out this awesome testimonial given to Ronna Smith, Loan Officer with our Branch One office.  Hi Ronna, We are so happy to finally be in our home. You made home buying a little less stressful and guided us along the way. Thank you so muc...[read more...]

Categories:   testimonials


A growing mortgage lending company plans to move its North Texas headquarters to McKinney's Craig Ranch after finalizing its real estate deal for about 25,000 square feet. Richardson-based Service First Mortgage has signed a deal for 25,000 square feet of office space at McKinney Corporate Ce...[read more...]

Categories:   press


Helpful Tips to Prepare Your Home for Fall

Posted by:  Service First
2016-10-12 07:43:50

Fall is finally here. Is your home prepared for the unpredictable weather conditions that may come your way? Here are a few tips that will help you prepare for the upcoming weather. Clean out the gutters and check your roof. Cleaning out the gutter is no fun, but this should be done every year...[read more...]

Categories:   tips


Top 3 Reasons to Buy a Home this Fall

Posted by:  Service First
2016-10-07 07:12:46

If you’re shopping for a home this fall, you may enjoy benefits that summer or spring buyers missed out on. Check them out below. Lower home prices According to data from RealtyTrac, home shoppers enjoy the most bargains during the month of October. During the month of October, home buyers...[read more...]

Categories:   tips


Why Homeowners Should Invest in Energy Efficiency

Posted by:  Service First
2016-09-28 09:48:31

You have probably heard that going green with your home will help you save money. Although lowering your electric and gas bills is the biggest benefit of increasing your home’s energy efficiency, it’s not the only reason. There are several other benefits, including: Potentially rai...[read more...]

Categories:   tips


Did you know windows can cost anywhere from $300 to $1,000 per window to replace? That’s a costly repair that most home buyers would like to avoid, if possible. To help you determine if the home you’re considering will need new windows in the future, look for these tell-tale signs: ...[read more...]

Categories:   tips


If you’re an international home buyer looking for your next Texas real estate investment, you’re not alone. According to the latest Texas International Home Buyers Report released by the Texas Association of Realtors, international home buyers added over $10 billion to the Texas econo...[read more...]

Categories:   industry news


Top 5 Mistakes New Home Buyers Make

Posted by:  Service First
2016-09-07 13:46:48

Buying a home is an exciting and stressful time in every new home buyer’s life. With so many options to choose from when selecting a home, many buyers may make mistakes such as overlooking major structural issues in favor of cosmetic upgrades. Common mistakes made by new home buyers include...[read more...]

Categories:   tips


Six Things Every New Home Owner Must Do

Posted by:  Service First
2016-08-31 10:16:16

For new home owners, it’s a good idea to avoid future issues by doing these six things when you move into your new home. Change the locks and make spare keys. If you are a new home owner, it’s a wise decision to change the locks on your doors when you move into the house. It may seem ...[read more...]

Categories:   tips


Texas Cities Rank in Top 5 Largest Starter Homes

Posted by:  Service First
2016-08-24 08:57:17

As you search for your first home you may wonder where in the country you can get the most for your money. According to new data released by Trulia, it’s time to consider Texas. Texas cities Austin and Houston rank in the Top 5 metro areas across the country for largest starter homes availa...[read more...]

Categories:   industry news


The Pros & Cons of Buying a House in College

Posted by:  Service First
2016-08-17 07:51:21

As summer comes to an end and the new semester approaches, you may be asking yourself, “Is now the time to buy a house?” With rent prices soaring, it’s no surprise that some college-bound students have considered purchasing a home rather than continuing to pay skyrocketing rent....[read more...]

Categories:   tips


If you’re planning to retire within the next five to 10 years, you may be surprised to learn that now may be the best time for you to purchase your retirement home. Buying the home while you’re still working full-time is easier, particularly if you plan to get a mortgage. Not convi...[read more...]

Categories:   tips


Top 3 Reasons to Refinance Your Mortgage

Posted by:  Service First
2016-08-03 12:53:47

Can’t decide if refinancing is the right option for you? With historically low interest rates, now is a great time to buy or refinance. If you’re still on the fence about refinancing, consider these top three reasons: Lower your rate. Refinancing to receive a lower rate may save...[read more...]

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Tips to Attract Millennial Home Buyers

Posted by:  Service First
2016-07-27 12:07:32

Rising rent and historically low interest rates are just a few of the many reasons why experts are predicting an increase in homebuyers in the real estate marketplace this year. Older millennials, or those between the ages of 25 and 34, are projected to represent as much as one-third of home purc...[read more...]

Categories:   tips


Hispanic Homeownership Rates on the Rise

Posted by:  Service First
2016-07-20 09:37:16

A recent study by the Hispanic Wealth Project finds significant growth in homeownership among Hispanics since 2000. Second-generation Hispanics have reached a 50 percent homeownership rate. In 2015, the Hispanic homeownership growth rate accounted for 69 percent of the total net growth. This m...[read more...]

Categories:   industry news


Summer Home Staging Tips

Posted by:  Service First
2016-07-13 09:38:27

Are you selling your home this summer? Staging may help you sell your home faster and for a higher price. Home staging is the act of preparing a home for sale in the real estate marketplace. The goal of staging is to make the home appealing to the highest number of potential buyers – this m...[read more...]

Categories:   tips


Tips for a Smooth Home Inspection

Posted by:  Service First
2016-07-06 12:43:48

A home inspection can help to identify components of a home that are significantly deficient, unsafe or near the end of their life. Inspectors will identify major issues such as cracks in the foundation, a roof in need of repairs, or smaller issues such as electrical outlets that do not work. ...[read more...]

Categories:   tips


Tips to Cut Summer Air Conditioning Costs

Posted by:  Service First
2016-06-29 08:51:33

If you’ve been outside lately, you know the summer heat is upon us. Keeping your family cool is important and an air conditioner (AC) can do just that. Use the following tips to keep your summer AC costs low while staying cool: Use fans. Ceiling fans make it possible for you to set the A...[read more...]

Categories:   tips


If you’re a homeowner in Texas, chances are your house has positive equity. According to new data released by CoreLogic, Texas has the highest percentage of homes with positive equity, at 98.1 percent. Across the country, equity for homeowners has almost doubled to 6.9 trillion from only...[read more...]

Categories:   industry news


Mortgage Rates Drop after Disappointing Job Report

Posted by:  Service First
2016-06-16 07:49:35

The recent employment report had a major impact on mortgage rates. The report showed that the economy had only added 38,000 jobs in May, a big disappointment. As a result, mortgage rates fell for the first time in four weeks, to an average of 3.60 percent, down from 3.66 percent the week prior. ...[read more...]

Categories:   industry news


Home Sales at Highest Pace in a Decade

Posted by:  Service First
2016-06-08 08:34:57

Are you in the market for a new home? You’re not alone. Despite a low inventory of homes available and rising home prices, existing-home sales are at their highest rate since 2006, according to Lawrence Yun, Chief Economist for the National Association of Realtors (NAR). Although low inv...[read more...]

Categories:   industry news


How to Decide Whether to Rent or Buy a Home

Posted by:  Service First
2016-06-03 09:37:03

Can't decide whether you should rent or purchase a home? Consider the following three key factors when making this life-changing decision. Your Housing Market All housing markets are not created equal. If it’s more affordable to buy a house than to rent in the area where you live &ndas...[read more...]

Categories:   industry news


How Renovation Loans Can Help You Buy a Home

Posted by:  Service First
2016-05-20 13:54:52

Since the inventory of available homes in the market is low, homebuyers are starting to become more creative when it comes to finding their dream home. One of those creative solutions involves renovation loans. With a renovation loan, a homebuyer may choose to purchase a house that they can trans...[read more...]

Categories:   industry news


What are you going to do with your tax refund? Before you purchase that new phone or TV, consider investing your tax refund in your journey to homeownership. According to Freddie Mac, here are three ways your tax refund can help you become a homeowner: Down payment - Save your tax refund fo...[read more...]

Categories:   industry news


According to an analysis completed by Realtor.com, the Dallas-Fort Worth area ranked #3 in the Top 20 Hottest Housing Markets in America for February. The analysis takes into account growing demand, inventory, and home prices. In addition to ranking 3rd, housing inventory is moving six days fa...[read more...]

Categories:   industry news


According to an article from the Dallas Morning News, millennial homebuyers now account for 36 percent of U.S. home purchases. Forty-four percent of these buyers are purchasing homes in the suburbs; despite the popular notion that many millennials prefer urban neighborhoods. As a result of thi...[read more...]

Categories:   industry news


What to Do Before You Unpack in Your New Home

Posted by:  Service First
2016-02-11 06:59:22

Congratulations! You’re a homeowner. What’s next? Unpacking. We know the excitement of moving into a new home can be quickly overridden by the overwhelming task of unpacking. Where should you start? Our friends at Zillow.com share the following tips as you prepare to unpack and mak...[read more...]

Categories:   industry news


5 Real Estate Trends in 2016

Posted by:  Service First
2016-02-02 08:04:34

According to a recent article from the Daily Real Estate News, the following five trends will dominate the real estate market this year: Generational buying will increase. This includes millennials who will enter the market as first-time homebuyers as well as GenXers who are already homeowners...[read more...]

Categories:   industry news


First-time Homebuyers Return to Housing Market

Posted by:  Service First
2016-01-21 12:48:23

Are you a prospective first-time homebuyer interested in purchasing a home? You’re not alone. According to a recent study by the American Enterprise Institute (AEI) International Center on Housing Risk, first-time homebuyers accounted for 56.7 percent of primary owner-occupied home purchase...[read more...]

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A recent Home Value Forecast (HVF) released by Zillow ranks Dallas-Fort Worth (DFW) as the 3rd hottest housing market in the country in 2016. According to Zillow, the DFW area is ideal for job growth, holding strong with a 4 percent unemployment rate and solid income growth. Median home values...[read more...]

Categories:   industry news


Need another reason to love Texas? How about the strong housing market? According to a report from the Texas Association of Realtors, Texas was the No. 2 state for gains in out-of-state residents, with more than 538,000 Americans relocating to Texas as a result of the state’s business-frien...[read more...]

Categories:   industry news


You just purchased the home of your dreams. Now what? Preparing for home maintenance issues that may arise in the future is a smart next step. Freddie Mac shares the following tips for preparing for home maintenance issues: Set aside time and money. You will need money for regular mainte...[read more...]

Categories:   industry news


Today's Homebuyers: By the Numbers

Posted by:  Service First
2015-11-23 11:23:30

Ever wonder how you compare to the average homebuyer? The National Association of Realtors recently shared statistics regarding everything from how much the average homebuyer pays for a home to how long they stay in the home. Check out the statistics below! 64% P...[read more...]

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We were recently honored to receive the award for #4 Top Place to Work in DFW among Midsize Companies from the Dallas Morning News. Every spring, the newspaper solicits nominations for the Top 100 Places to Work. Anyone can nominate a company and at least 35 percent of a firm’s employees mu...[read more...]

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Advantages of Buying a Home in the Winter

Posted by:  Service First
2015-11-11 13:17:43

Interested in buying a home? Now is as good a time as ever! According to Realtor.com, if you are ready to buy a home, it’s worth exploring the inventory this winter in order to avoid the crowds of homebuyers in the market this upcoming spring season. Choosing to buy now versus later will...[read more...]

Categories:   industry news


Service First Mortgage is supporting veterans with their Keys 4 Vets Campaign which assists the Military Warriors Support Foundation in placing combat wounded veterans in mortgage-free homes donated by their bank partners. By choosing Service First Mortgage for your VA home loan, they will donate $2...[read more...]

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If you’re interested in buying a home in Dallas, now is the time. According to data collected by Realtor.com, homes are becoming more affordable as the fall season approaches, and Dallas (#2) ranks among one of the hottest markets in the country. “The residential real estate market...[read more...]

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Although the inventory of foreclosed homes is shrinking, opportunities for real estate investment abound, especially in the Lone Star State. According to a recent report released by HomeVestors and the Local Market Monitor, Texas cities including Dallas (#2), Houston (#3), Austin (#4) and San Ant...[read more...]

Categories:   industry news


According to a recent study, millennials between the ages of 25 and 34 are dominating the first-time homebuyer market at a rate of 65 percent. The data from the National Association of Realtors 2015 Homebuyer and Seller Generational Trends report, illustrates that millennials are thwarting their ...[read more...]

Categories:   industry news


According to a recent study conducted by Fannie Mae, consumer spending and other domestic fundamentals will be key drivers of economic growth in the second half of 2015, despite recent volatility. “Our forecast for the year is largely unchanged despite recent market volatility. Fundamentals...[read more...]

Categories:   industry news


The results of a recent housing market index suggest home builders’ confidence in the market for newly constructed single-family homes is rising. The housing market index released by the National Association of Home Builders (NAHB) shows that builder confidence in the home market for newly ...[read more...]

Categories:   industry news


Are you a prospective homebuyer worried about rising home prices? You’re not alone. According to a recent survey conducted by the Redfin Research Center, prospective homebuyers identified affordability as their top concern when buying a home. This result may be driven in part by the fact...[read more...]

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Housing Markets Improve Nationwide

Posted by:  Service First
2015-08-31 07:56:26

The United States is experiencing improvements in housing markets across the country. According to the latest Multi-Indicator Market Index (MiMi) released by Freddie Mac, the national housing index rose to 80.3 at the end of June, a 5.41 percent increase from the previous year. This indicates tha...[read more...]

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Interested in buying a home? You’re not alone. According to a recent survey conducted for the 2015 BMO Harris Bank Homebuyers Report, approximately 52 percent of Americans say they are likely to purchase a home in the next five years. The survey also found more than 75 percent of prospec...[read more...]

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Think falling oil prices may negatively impact the Texas housing market? Think again. According to the latest Texas Quarterly Housing Report, home prices statewide hit an all-time high of $200,000 during the second quarter of 2015. That’s an 8.1 percent increase compared to the same time...[read more...]

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Jumbo Mortgages Experience Significant Growth

Posted by:  Service First
2015-08-04 06:55:28

Did you know jumbo loans now account for approximately 20 percent of all mortgage loans? According to Mortgage Professional America, jumbo mortgage lending grew 36 percent year-over-year to an estimated $160 billion in the first half of 2015. In Texas, the threshold for jumbo loans starts at $...[read more...]

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Service First was named as the 13th Best Company to Work For by Mortgage Executive Magazine. The magazine conducted an extensive survey of more than 10,000 loan officers at over 200 mortgage companies and banks. The survey asked the loan officers to rate the company’s culture, loan proce...[read more...]

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Increasing consumer optimism toward the current home selling market may bode well for purchase activity this year, according to results from Fannie Mae’s June 2015 National Housing Survey. The monthly survey polls the U.S. adult general population to assess their attitudes about homeownersh...[read more...]

Categories:   industry news