Family | The Ballard Mortgage Team

2-1 Temporary Buydown: How It Works and Potential Savings

by Ballard Team | Feb 7, 2025

If rising mortgage rates have you weighing your options, a 2-1 Temporary Interest Rate Buydown might be worth exploring. Supreme Lending offers this for eligible conventional, FHA, and VA loans, allowing for a lower interest rate in the first two years. This gives the...

Common Credit Score and Down Payment Requirements by Mortgage Type

by Ballard Team | Feb 12, 2024

For aspiring homeowners and first-time buyers, many questions can arise about the mortgage process. What credit score do you need to qualify? How much down payment is required? Answers are based on several factors including the property, purchase price, and, most...