At CCM, we have been championing the cause of women since our establishment in 2003. In an industry traditionally dominated by men, we are proud to have a workforce where women outnumber men, making up 56 percent of our talented team. From our executive leaders to our top-performing women loan officers, and across all corporate functions, successful women thrive within our organization. We believe in supporting homeownership for a diverse customer base, with a particular focus on the growing number of women purchasing homes. The homebuying power of women is evident, not only in the increasing number of single women becoming homeowners but also in their influential role in shared mortgages with their spouses. The Equal Credit Opportunity Act (ECOA) has played a pivotal role in leveling the playing field for borrowers since 1974, ensuring fair treatment regardless of gender, marital status, race, religion, national origin, or age. This legislation has empowered women to access mortgage terms on par with men, obtain credit cards, loans, and mortgages in their own names, and achieve financial and social stability. At CCM, we celebrate the remarkable contributions of over 4,300 women who work across all departments, including top leadership positions. Our female loan originators set new records and rank among the top producing loan officers nationwide. If you're ready to embark on your dream of homeownership, we encourage you to connect with a CCM loan officer in your local community. Experience a mortgage process that feels like a win, guided by our commitment to empowering women in the mortgage industry. ...

As the population ages, the desire to remain in the comfort of one's own home becomes increasingly important. This notion is supported by a 2018 AARP study, which found that adults aged 50 and older prefer to age in place. With the rise of multigenerational households, accommodating different generations within the same home has become a prevalent trend. To address these changing dynamics, it is crucial to reevaluate, renovate, and repurpose living spaces. This blog explores various home renovation options that can greatly benefit aging relatives. From expanding households to implementing accessibility and safety upgrades, these modifications can enhance energy conservation, daily routines, and overall safety. Additionally, building in-law or caregiver suites offers on-site care while providing the comfort of familiar surroundings. In cases where existing floor plans cannot accommodate these changes, considering home additions becomes a viable solution. Planning these renovations requires consulting with contractors, understanding local building regulations, and assessing financial feasibility through mortgage loan officers. Various funding options, such as grants and low-interest loans, are available to support senior homeowners in crucial home repairs and accessibility improvements. This blog also highlights different home loan options, including FHA 203(k) loans, Fannie Mae HomeStyle®, Freddie Mac CHOICERenovation®, cash-out refinancing, and home equity lines of credit (HELOC). Seniors who wish to age in place can explore specialized products like reverse mortgages and Home Equity Conversion Mortgages (HECMs) tailored to their specific needs. With the right approach and financing, it is possible to transform homes into safe, accessible, and comfortable spaces for aging individuals and their families. ...

Discover the fascinating world of updating historic homes while honoring their rich heritage. Uncover the conditions and restrictions that come with preserving a piece of American history. Explore funding sources, renovation options, and the process of determining a home's historic status. From understanding local ordinances to qualifying for grants and low-interest loans, embark on a journey that balances modern enhancements with the preservation of architectural treasures. Step into the realm where tradition meets innovation and create a harmonious blend of past and present in your own historic home. ...

In a competitive seller's market, where multiple homebuyers vie for their dream homes, winning a bidding war requires strategic thinking and well-executed tactics. This blog reveals the secrets to success, providing invaluable strategies, tips, and expert advice to help you navigate the intense landscape of homebuying. From leveraging the power of a mortgage pre-approval letter to enlisting the support of a skilled real estate agent, discover how to play your cards right and secure the home you've always envisioned. Uncover the art of making calculated offers, removing contingencies, and even crafting personal letters to sellers. With insights on home loan options and the importance of a solid pre-approval, this blog is your ultimate guide to triumph in the exhilarating battle for your dream home. ...

Congratulations on your commitment to education and your desire to become a homeowner! While higher education often comes with a significant financial burden, it doesn't have to hinder your ability to purchase a home. By implementing smart strategies and seeking available assistance, you can overcome your student debt and make the home-buying process a smooth and successful one. It's important to remember that your student loan debt is just one aspect of your overall financial picture. Mortgage lenders primarily focus on your debt-to-income ratio (DTI) when determining your eligibility for a home loan. The type of debt you have, whether it's student loans, credit card debt, or a car loan, is not the primary concern. Instead, lenders consider the total amount of debt in relation to your income. To improve your chances of getting pre-approved for a mortgage despite your student debt, there are several steps you can take: Pay down your debt: If possible, use any extra income you have to pay down your student loans or other debts. Increasing your income through a raise, tax refund, or part-time job can also help reduce your DTI. Consolidate your debt: Consider consolidating multiple debts into a single loan. This can help lower your monthly debt payments and improve your DTI. Find a co-signer: Having a trusted friend or family member co-sign your mortgage application can help overcome the challenges posed by student loan debt. Build your credit score: A good credit score is crucial for mortgage approval. While reducing your debt is important, avoid closing paid-off credit card accounts, as the length of your credit history impacts your score. Be cautious about opening new lines of credit during the mortgage application process, as this can negatively affect your credit. Fortunately, there are loan programs and assistance options available to help individuals with significant debt become homeowners: FHA home loans: These loans, offered by the Federal Housing Administration, have more lenient credit requirements and require a down payment as low as 3.5%. VA home loans: Veterans, Servicemembers, and eligible surviving spouses can benefit from VA home loans, which offer a 0% down payment requirement and no mortgage insurance. USDA home loans: The USDA Rural Development 502 program provides low-interest home loans with a 0% down payment for lower-income applicants in specific areas. Grants: Various state, federal, and community programs offer financial assistance grants that do not require repayment or accrue interest. Second mortgages: These low-interest loans can be used for a down payment on your primary mortgage. Some second mortgages are even forgivable if certain conditions are met. Matched savings programs: These programs assist prospective homebuyers in building a down payment savings account by providing matching funds. Additionally, if you already own a home, you may consider a Fannie Mae Student Loan Cash-out Refinance. This option allows you to refinance your mortgage and use the proceeds to pay off your student loan debt. Specific criteria must be met to qualify for this program. To begin your homebuying journey, it's recommended to consult with a qualified and reputable home loan officer. They can guide you through the process, explore suitable loan options, and provide a free lending consultation. With determination and the right support, you can overcome your student debt and achieve your dream of homeownership. ...

Embarking on a home renovation can be both exciting and overwhelming. From cracked tiles to outdated cabinets, you've finally reached the breaking point and decided it's time for a change. But where do you start? Get organized with our comprehensive renovation contacts checklist, your go-to resource for identifying the right professionals to bring your project to life. Whether you need a cabinetmaker, carpenter, electrician, or landscaper, this guide has you covered. Don't forget to consider home inspection, zoning permits, and the importance of not over-improving your home. And when it comes to financing your remodel, turn to a trusted home loan officer who can guide you through the various loan options available. Get ready to transform your home and enhance your lifestyle with confidence. ...