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Using Your Tax Refund to Buy a Home

[fa icon="calendar'] May 10, 2021 6:22:47 PM / by Eustis Mortgage posted in homeowners insurance, co-signing a mortgage, mortgage after divorce, title insurance, Recruiting

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As more Americans file their tax returns, it is becoming increasingly necessary for them to decide what to do with the money they get.

For the second year in a row, you have additional time to file your federal taxes. On March 17th, the Treasury Department and Internal Revenue Service announced that the federal income tax filing due date for individuals for the 2020 tax year will be automatically extended from April 15, 2021, to May 17, 2021.

This gives you a little more time to decide what you will do with your tax refund.

– Would your tax refund be enough for a down payment on a new home?


– Do you feel you should use this to pay off debt?

The possibilities are endless, however, whatever you do decide to do, always choose the path that will give you the largest return on investment (ROI).

The housing market is in a frenzy right now.

Tight supply conditions and strong demand have made the housing market highly competitive and fast-paced, with most homes in a multiple offer situation. If you're going to jump in this pool of homebuyers, be ready to swim quickly! You and your agent should be prepared to write a strong offer with the least number of contingencies.

But what is the first step in preparation? Getting pre-qualified. Meeting with a loan officer is the first step, so when you are ready to submit the winning offer, you have your qualification letter in hand.

Your loan officer will review your credit, your debt to income ratio, and determine what the best route for you is. Lenders like to see your debt to income less than 43%. There are three types of loans that all vary in the down payment amount. The different types are VA, FHA or Conventional. Based on the different loan types and your circumstances, your loan officer will provide direction as to the best loan option for you.


Start preparing now for that first meeting. You will need the following documents in hand so your loan officer can review your file.

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Budgeting for Homeownership

[fa icon="calendar'] Feb 1, 2021 3:18:48 PM / by Eustis Mortgage posted in mortgage, credit score, brexit, federal reserve, mortgage after divorce, Recruiting, Loan Officer

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There are costs that are associated with owning a home that families must consider when preparing a monthly budget. The mortgage payment is a significant factor, but not the only cost.

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Building Wealth Through Homeownership

[fa icon="calendar'] Jan 8, 2021 12:10:00 PM / by Eustis Mortgage posted in fha loan, mortgage news, homeownership, loan payments, mortgage process, home buying, applying for a loan, homebuyers, homeowners insurance, mortgage savings, single women homebuyers, obstacles to homeownership, housing industry, FICO Scores, home financing, freddie mac, home building, fha 203k loans, mortgage after divorce, Loan Officer

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How to Manage Your Student Loans with Federal Loan Relief Programs

[fa icon="calendar'] Jan 5, 2021 6:30:00 PM / by Eustis Mortgage posted in fha loan, homeownership, loan payments, rent rates, homebuyers, mortgage terms, student loan debt, homebuying with student loan debt, mortgage after divorce, Active Military and Veterans

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Top 4 house plans for empty nesters

[fa icon="calendar'] Nov 13, 2019 10:17:09 AM / by Eustis Mortgage posted in 203(k) loan, home financing, common real estate fears, overcoming real estate fears, inflation, home renovations, home builder confidence, freddie mac, real estate scam, home value, flood insurance, homebuying with student loan debt, pending home sale, homebuying tricks, natural disasters, awards, mortgage market, fha 203k loans, mortgage underwriting, mortgage after divorce, transitioning into homeownership, housing affordability, mortgage information, VA loans

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Your kids are finally out of the house—So now what? what’s your next plan? You no longer have to rush around to football games or doing multiple loads of laundry a day. It’s time to think about yourself and where you want to live in this next phase of your life.

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Application Process

[fa icon="calendar'] Nov 6, 2019 12:22:00 PM / by Eustis Mortgage posted in 203(k) loan, FICO Scores, common real estate fears, inflation, home builder confidence, fannie mae, federal reserve, home value, homebuying with student loan debt, pending home sale, natural disasters, mortgage mistakes, home building, fha 203k loans, mortgage after divorce, transitioning into homeownership, mortgage information, title insurance, prepaids, Loan Officer, conventional loan

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Will a low credit score stop me from being qualified?

[fa icon="calendar'] Oct 31, 2019 12:38:41 PM / by Eustis Mortgage posted in retirement, MCAI, single women homebuyers, housing industry, first-time homebuyers, mortgage credit availability, disaster recovery, 203(k) loan, FICO Scores, closing costs, common real estate fears, inflation, home builder confidence, fannie mae, federal reserve, home value, homebuying with student loan debt, pending home sale, natural disasters, mortgage mistakes, home building, fha 203k loans, mortgage after divorce, transitioning into homeownership, mortgage information, title insurance, prepaids, Loan Officer, conventional loan

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7 Reasons to Love Being an Empty Nester

[fa icon="calendar'] Oct 25, 2019 1:21:40 PM / by Eustis Mortgage posted in MCAI, mortgage credit availability, disaster recovery, 203(k) loan, FICO Scores, closing costs, common real estate fears, inflation, home builder confidence, fannie mae, federal reserve, home value, homebuying with student loan debt, pending home sale, natural disasters, mortgage mistakes, home building, fha 203k loans, mortgage after divorce, transitioning into homeownership, mortgage information, title insurance, prepaids, Loan Officer, conventional loan

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Is a QM or Non-QM Mortgage the Best Option For Me?

[fa icon="calendar'] Oct 9, 2019 8:00:00 AM / by Eustis Mortgage posted in retirement, MCAI, housing industry, mortgage credit availability, disaster recovery, 203(k) loan, FICO Scores, closing costs, common real estate fears, inflation, home builder confidence, fannie mae, federal reserve, home value, homebuying with student loan debt, pending home sale, natural disasters, mortgage mistakes, home building, fha 203k loans, mortgage after divorce, transitioning into homeownership, mortgage information, title insurance, prepaids, Loan Officer, conventional loan

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A Homegrown Company with Hometown Service

[fa icon="calendar'] Sep 12, 2019 3:35:01 PM / by Eustis Mortgage posted in retirement, MCAI, single women homebuyers, housing industry, first-time homebuyers, mortgage credit availability, disaster recovery, 203(k) loan, FICO Scores, closing costs, common real estate fears, inflation, home builder confidence, fannie mae, federal reserve, home value, homebuying with student loan debt, pending home sale, natural disasters, mortgage mistakes, home building, fha 203k loans, mortgage after divorce, transitioning into homeownership, mortgage information, title insurance, prepaids, Loan Officer, conventional loan

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Your client’s goals and plans for their future are important to us. Their goals are our goals! Whether its buying, refinancing, renovating or building homewe want to helpAt Eustis Mortgage, we offer the resources, loan programs, skill set and experience to help achieve objectives and with more than 60 years in the industry, we do just that.  

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