In this episode of The Mortgage Guy Podcast, Adam breaks down the major July 1st updates to the OFA program (Ohio Housing Finance Agency) and how they impact homebuyers across Ohio. If you're a first-time homebuyer, an agent, or just exploring mortgage options in 2025, this episode covers everything from income limits to lower-than-market rates and turn-time warnings. 🔑 What You’ll Learn: ✅ Updated OFA DPA amounts: 3.5% for FHA/VA/USDA, 3% for Conventional 🏡 New income limits for targeted vs. non-targeted areas 💥 How straight OFA offers sub-market interest rates 👮‍♀️ Special Ohio Heroes program for service workers 🕒 OFA turn time expectations & disclosure best practices ⚠️ Credit score & DTI ratio eligibility criteria 📞 Why you might want to re-check your pre-approval ASAP 📩 Questions or suggestions? Drop a comment or reach out directly: arose@westernohiomortgage.com 🏡 Connect with Western Ohio Mortgage 📍 733 Fair Rd., Sidney, OH 45365 📞 Office: 937-497-9662 Western Ohio Mortgage MB #9601 Adam J. Rose NMLS #870301

A quick market update on USDA loans — including the newly increased income limits that could open doors for more buyers! ✅ What’s happening with interest rates — will we finally see those long-awaited cuts? ✅ Event announcements — including: • July 14: CE class on Reconsiderations of Value & Appraisal Bias (FREE for MORE members!) • Sept 22: OMBA Golf Outing at Tartan Fields ⛳

Western Ohio Mortgage MB #9601 Adam J. Rose NMLS #870301

In this episode of The Mortgage Guy Podcast, Adam Rose breaks down the latest real estate trends—starting with a major shift: U.S. housing inventory has topped 1 million listings for the first time since before the pandemic.

Adam covers:
👉 A national housing market update
👉 Signs of a shift toward a buyer’s market
👉 Why more homes are sitting longer, despite record inventory
👉 The latest on mortgage rates, Treasury yields, and the Fed’s outlook
👉 How listing quality is impacting buyer decisions in today’s high-price market

Whether you're a buyer, seller, or real estate pro, this episode offers valuable insights you won't want to miss.

In this episode: * 📉 **Mortgage Market Update** – What's causing recent rate movement? Learn how Moody’s U.S. credit downgrade has affected the 10-year Treasury yield and mortgage rates, now pushing past 7%. * ✅ **Pre-Approval vs. Pre-Qualification** – Understand the crucial difference between the two, when to choose each, and how they impact your homebuying power. * 🐶 **Special Guest Appearance** – Meet Gracie, Adam’s son's service dog, making her debut in the office!

Western Ohio Mortgage MB #9601 Adam J. Rose NMLS #870301

📢 In this episode, Adam Rose, Vice President and Senior Loan Officer at Western Ohio Mortgage, shares key updates from the Ohio Mortgage Bankers Association—including his recent induction as OMBA President—and what it means for Ohio’s housing future.

Western Ohio Mortgage MB #9601 Adam J. Rose NMLS #870301

In this episode, Adam covers a major upcoming USDA income rule change that could expand homebuyer eligibility, gives a quick market and rate update, and previews what’s ahead at the Ohio Mortgage Bankers Convention—including exciting AI innovations in the mortgage industry.

Western Ohio Mortgage MB #9601 Adam J. Rose NMLS #870301

✅ Recap from NAC in D.C. and meetings with Congress & Senate 🏛️ Policy advocacy updates on: Veterans Assistance Servicing Purchase Program (VASP) Homebuyers Privacy Protection Act (a.k.a. ending trigger leads) 📉 Market volatility and interest rate movement 🏡 Highlights from the Affordable Housing Summit in Columbus 📍 Announcement: 2025 Summit coming to Dayton! 🔊 Why membership in mortgage associations matters (MBA, OMBA, etc.)

Western Ohio Mortgage MB #9601 Adam J. Rose NMLS #870301

⚠️ **Heads up for non-permanent residents** — FHA and USDA loans will now require lawful permanent residency (green card holders). Conventional (Fannie Mae/Freddie Mac) hasn’t followed suit *yet*, but it’s likely coming. 📆 If you're currently shopping and relying on FHA, **May 24th** is your deadline to be under contract and secure a case number before the change fully kicks in.

Western Ohio Mortgage MB #9601 Adam J. Rose NMLS #870301