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This is a BIG one!! Be sure to tune in and listen!!

Mortgage interest rates remain in the mid to high 6's with significant changes coming to FHA mortgage eligibility that will impact non-permanent residents.

Starting May 25th, only US citizens and permanent residents will qualify for FHA loans, while temporary residents with work visas must explore alternative financing options.

• Mortgage rates holding in mid-to-high 6% range with potential to move lower later this year
• Major FHA policy change eliminating eligibility for non-permanent residents effective May 25th
• Alternative options include Fannie Mae and Freddie Mac loans requiring higher credit scores (680+)
• US citizens living abroad face challenges with automated underwriting systems
• Tariffs may potentially help lower mortgage rates by increasing treasury demand
• Q1 ending provides opportunity to reassess business goals and make necessary adjustments

Find me on Facebook - Angie Gerber and Nikki Erickson or Kevnick Group, and on Instagram and TikTok @mortgagesfromMNtoAZ where I share regular updates and answer your mortgage questions.

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Angie Gerber
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angiegerber@gmail.com

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