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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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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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Easy Fall Decorating Tips

[fa icon="calendar'] Sep 25, 2019 8:30:00 AM / by Eustis Mortgage posted in home builder confidence, fannie mae, freddie mac, real estate scam, federal reserve, home value, flood insurance, student loan debt, homebuying with student loan debt, pending home sale, ind, homebuying tricks, natural disasters, mortgage mistakes, awards, mortgage market, home building, fha 203k loans, mortgage underwriting, rental property, transitioning into homeownership, home appraisal, title insurance

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‘Tis the season for pumpkin spiced lattes, apple picking photoshoots, indoor hangouts, family, and so much more! We have the perfect ways you can decorate your home this season without breaking the bank. Bring the warm colors of fall into your home with these beautiful and simple decorating projects. From adding a few throw blankets, to going pumpkin picking, to creating your own door wreath, there’s so many ways you can get into the holiday spirit! 

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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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Should You Pay Off Your Mortgage Before You Retire?

[fa icon="calendar'] Sep 9, 2019 8:00:00 AM / by Eustis Mortgage posted in home prices, retirement, holiday season, single women homebuyers, obstacles to homeownership, mortgage credit availability, mortgage credit, closing costs, dodd-frank act, common real estate fears, overcoming real estate fears, inflation, mortgage tax deductions, fannie mae, freddie mac, home value, flood insurance, pending home sale, ind, mortgage mistakes, awards, fha 203k loans, mortgage underwriting, transitioning into homeownership, home appraisal, title insurance, VA loans, Loan Officer

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Benefits of Incorporating Plants in Your Home

[fa icon="calendar'] Aug 12, 2019 8:00:00 AM / by Eustis Mortgage posted in retirement, holiday season, single women homebuyers, first-time homebuyers, 203(k) loan, mortgage credit, millennial homebuyers, FICO Scores, home financing, inflation, fannie mae, freddie mac, flood insurance, student loan debt, homebuying tricks, natural disasters, home building, mortgage after divorce, transitioning into homeownership, home appraisal, housing affordability, mortgage information, title insurance, VA loans

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Plants not only create a living space that is soothing to be in, but they also enhance your mood and health. Caring for a plant gives us a purpose and can be rewarding watching it bloom and thrive. Natural mood boosters, plants also aid in loneliness and depression. Whether you live in a small apartment, or a large house, introducing plants into your home will improve your overall health and happiness.

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10 Ways to Improve Your Home This Summer

[fa icon="calendar'] Jun 24, 2019 8:37:50 AM / by Eustis Mortgage posted in home prices, retirement, holiday season, single women homebuyers, mortgage credit availability, mortgage credit, closing costs, dodd-frank act, common real estate fears, overcoming real estate fears, inflation, mortgage tax deductions, fannie mae, freddie mac, home value, flood insurance, pending home sale, ind, mortgage mistakes, awards, fha 203k loans, mortgage underwriting, transitioning into homeownership, home appraisal, title insurance, VA loans, Loan Officer

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  1. Give your driveway, walkway and home exterior a power wash
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