(877) 477-4335
Get a Quote Apply Now

Why Now Is the Time to Apply for a Mortgage

Mortgage demand is surging as rates drop. Don’t wait—now’s the time to apply and lock in your opportunity before competition heats up.
Mar 05, 2025

If you’ve been sitting on the sidelines waiting for the “right time” to buy a home, this is your sign. Mortgage demand just jumped 20% in a single week, according to the latest CNBC report, all thanks to falling interest rates. What does that mean for you? It means the window of opportunity is open—but it won’t stay open forever.

What’s Happening in the Market

After months of higher rates, interest rates have dropped, and homebuyers are wasting no time. More buyers are getting pre-approved, locking in rates, and hitting the market before competition picks up even more.

We’re already seeing the shift. The number of mortgage applications surged, and with spring homebuying season just around the corner, this is just the beginning.

Why Apply Now?

Here’s the truth:

  • Rates dropped – and we don’t know how long they’ll stay this low.
  • Competition is rising – as more buyers jump back into the market, the best homes will go fast.
  • Waiting could cost you – not just in rate increases, but also in bidding wars as demand grows.

What This Means for You

If you’re serious about buying this year, you have two choices:

  1. Take advantage of today’s rates and get pre-approved before the rush.
  2. Wait, hope rates stay low, and risk higher prices and more competition.

Bottom Line

There’s a lot in this market you can’t control. But getting ahead of rising competition and securing a better rate? That’s in your hands right now.

If you’ve been thinking about buying, let’s talk. I’ll walk you through your options, answer your questions, and help you get prepared to take full advantage of this moment.

Apply now—because opportunity doesn’t wait.

#HomeBuying2025 #MortgageRates #MarketUpdate #ApplyNow

Source: CNBC

✅ Benefits of Contract Loan Processing for VA Loans

  1. Specialized VA Knowledge

    • VA loans have unique requirements (COE, residual income, funding fee calculations, appraisal requirements).

    • A contract processor experienced in VA loans can spot potential issues early and streamline the process.

  2. Cost Savings for Lenders

    • No need to hire full-time staff; processors are paid per file.

    • Helps smaller brokerages or lenders manage fluctuating loan volumes without carrying extra payroll.

  3. Faster Turn Times

    • Contract processors often work remotely and are paid per closed file, so they’re incentivized to move loans quickly.

    • They can push COE requests, follow up on VA appraisals, and ensure VA-specific forms (26-1880, 26-8923) are completed on time.

  4. Compliance & Accuracy

    • VA has strict guidelines (e.g., allowable fees, seller concessions, and veteran protections).

    • A skilled processor reduces risk of compliance errors that could lead to loan buybacks or funding delays.

  5. Scalability

    • During high volume seasons (e.g., rate drops, PCS military moves), lenders can bring on extra processors quickly without long-term HR commitments.

  6. Reduced Loan Officer Burden

    • Lets LOs focus on originating, networking, and serving clients while the processor handles gathering DD-214s, income docs, pest inspection reports (if required), and underwriting conditions.

  7. Improved Borrower Experience

    • Veterans and active-duty borrowers often value clear communication and speed.

    • A processor who knows the VA process can anticipate documentation needs and prevent last-minute surprises.

👉 In short: Contract processors help lenders stay lean, compliant, and efficient, while ensuring veterans have a smoother experience.