On April 9th, Homestead Funding Corp. participated in the 2017 Best Buddies Friendship Walk at Crossgates Mall in Albany, NY. This is Homestead’s second year as a sponsor for Best Buddies, and so far we’ve raised almost $8,000!
Best Buddies was founded in 1989 when Anthony K. Shriver observed the lack of opportunity for people with intellectual and developmental disabilities (IDD) to socialize with their peers without disabilities. The upstate New York office is dedicated to establishing a global volunteer movement to create opportunities for one-on-one friendships, integrated employment and leadership development for people with IDD.
Through Best Buddies, people with IDD have successfully moved from segregation and desolation to a new acceptance in their schools and communities. Best Buddies programs are positively impacting over 1,500 students with and without disabilities on 29 campuses throughout upstate New York.
As an organization, Best Buddies raised $170k at the walk this year! Keep up the great work Best Buddies, we feel honored to be a part of what you do!
To learn more about Homestead’s Helping Hands, please visit us at
Homestead Funding is excited to announce that for the second year in a row we are ranked in the top five of the 50 Best Companies to Work For by Mortgage Executive Magazine!
“It is wonderful to be recognized again by our Loan Originators as a great place to work!” said Mike Rutherford, CEO and Owner of Homestead Funding. “I feel lucky to have such an amazing group of Loan Originators who are leaders in the mortgage industry.”
The rankings were determined by surveying over 10,000 Loan Originators around the country and over 200 companies participated. Each year, Mortgage Executive Magazine asks Loan Originators to rank their companies based on company culture, loan processing, underwriting, compensation, management, marketing, and technology.
“Empowering our Loan Originators with the tools they need to succeed is one of our top priorities!” said Daniela Bigalli, VP of Sales and Marketing. “We strive to constantly update and improve our support process for our Loan Originators by providing them with the innovative ideas and technology they need to win in today’s competitive sales environment.”
Homestead Funding Corp. is a multi-state licensed mortgage banker with branches located throughout the eastern U.S. In operation since 1994, our corporate headquarters is located in Albany, New York where we have perennially been the area's largest independent mortgage lender. We have tens of thousands of satisfied customers, originated billions of dollars in residential mortgage loans and maintained a reputation of exceptional service, honesty, integrity and financial reliability.
Homestead is actively looking for sales professionals and if you would like to find out more about what we offer our sales team and what differentiates us in the marketplace please visit https://homesteadfunding.com/careers, email email@example.com or call Kathy Fox at (518) 464-1100 x 660.
And if you or someone you know would like home loan information, please feel free to contact us!
Celebrated on the 17th of March, St. Patrick’s Day has been known as a day of Leprechauns, pots of gold, and everyone wearing green to show recognition for the Irish culture. There are parties and parades, but where did all the traditions come from? And what’s with those shamrocks anyway? The following is a brief history of the holiday and how it came to be the fun-filled day of festivities we know today.
Saint Patrick, who is credited with bringing Christianity to Ireland, was born in Roman Britain, and has been honored as Ireland’s patron saint for well over a thousand years. The anniversary of his death (believed to have been on March 17, 461) became an important and recognized religious holiday in the ninth or tenth century and was celebrated through prayer, church services, and feasts. The festivities we are familiar with today didn’t come about until 1762 and didn’t even originate in Ireland!
The very first St. Patrick’s Day parade took place in the New York City when the Irish soldiers serving in the English military decided to march so that they might reconnect with their Irish roots. They gathered together and played their traditional music, enjoying the company of their community, and rejoicing in their nation despite being so far from home. The tradition continued to grow as Irish immigrants used it to boost pride in their culture and became a sign of strength for disenfranchised Irish Americans. Slowly, as the Irish-American community began to grow and take shape, the parade turned into a highly attended event and celebration. Today, the New York City St. Patrick’s Day parade boasts nearly 150,000 participants and an even larger audience.
Shamrocks are related to the historical aspect of the holiday. One of the most well-known legends about St. Patrick talks about how he explained the Holy Trinity of the Catholic religion using the three leaves of the popular Irish clover. Wearing green, however, is not related to St. Patrick, his life, or any of the original traditions. In fact, the color did not become associated with the holiday until the late 18th century when supporters of Irish independence wore the color to represent their cause.
Though the holiday may have started as a devoted religious celebration of patron saint of Ireland, St. Patrick’s Day has become a fun holiday celebrated by people of all backgrounds. Though North America has been known to have the largest productions for the holiday, there are celebrations in many other parts of the world far from Ireland including Australia, Japan, Singapore, and Russia. To some it’s a religious day, to others a day of fun and of luck, but for all of us, it’s a day to celebrate Ireland and the culture that makes it great.
Have fun, be safe, and maybe impress your friends with some St. Patrick’s Day trivia this March 17th.
Top 5 Reasons Why You Should Buy a Home in 2017
Buying a home is one of the biggest decision you’ll make, but it can also be one of the best investments. Here are our top 5 reasons why you should stop paying rent in 2017 and instead, make the decision to purchase a home.
Mortgages Are More Affordable. Between today’s still low interest rates, and an abundance of mortgage products that offer a variety of low to no down payment options, it is much easier for first time homebuyers to find affordable housing options.
Less Strain On Your Application. Credit requirements have eased significantly, allowing for lower credit scores to be accepted. Plus, Homestead Funding offers a variety of products that allow for more people to find a mortgage that will fit with their particular financial situation.
Enjoyable Tax Breaks. Thankfully, a homeowner’s mortgage interest, and many other home-related expenses, are deductible from income tax. Thus, owning a home can actually help decrease tax burdens. Consult with a tax advisor about your specific situation.
It Helps Young Families Build Wealth. Instead of throwing away your hard earned money every month towards rent, put it towards a mortgage instead. Avoid worrying about rental cost rising because the money that goes into each mortgage payment will begin to build equity and contribute to a primary source of a homebuyer’s net worth. In some cases, buying a home is less expensive than renting.
Freedom in Owning a Home. Owning a home means being free to decorate and change it to better match your personal taste. There are now options to paint, change the flooring, hang photos, or even take down whole walls without having to worry about putting everything back when it’s time to move out. The house belongs to the homeowner, not a landlord who gets to call the shots.
If you have any questions about home loan rates or loan products, please don't hesitate to contact one of our Loan Originators.
As mortgage rates and house prices continue to rise in the coming year, the supply of homes on the market is expected to stay low. Despite all this negative sounding news, there is a great solution for homebuyers to obtain the dream home they have always wanted. Beat out the heavy competition that exists within the housing market with a Renovation loan!
In a competitive market with low home inventory, your best chance to purchase a home without getting stuck spending a fortune in a bidding war may be to purchase a property in need of updates or renovations. A house with good bones but an unattractive face, or a “fixer-upper” as they’ve come to be known, may be listed below market price and potentially end up with fewer offers and views as it sits on the market. These houses, with a well thought out plan, can usually be spruced up through a handful of renovation and remodeling projects. Renovation loans allow for the purchase of a house below your budget and renovate it up to what is affordable.
Renovation loans such as the FHA 203k or the Fannie Mae HomeStyle loan were created so that homebuyers could purchase a home they felt had potential, and could make their own. Using these loans, homebuyers can borrow money for a house and its desired renovations all at once without the need for a second loan.
FHA 203K Renovation mortgages allow buyers to borrow the funds for both the purchase and renovation of a home, based on the projected value of the finished product, and may be used for almost any renovation project except luxury items. A HomeStyle Renovation Mortgage allows for the purchase and financing of up to 50% of your property’s post renovation value, and can be used for luxury additions such as swimming pools as well as room remodels and any other permanent renovation that will add value to the home.
Fixer-uppers and home remodels are currently all the rage, and, considering the housing market projections, are expected to rise in the coming year. There are always ways for buyers to get their dream home, it just requires a little imagination and the ability to see past the imperfections of the current home. Thinking outside of the box will help today's buyers navigate the competition in the current market and renovation loans offer buyers a solution to still get their dream home.
Contact one of our Loan Originators for details on how to finance and renovate your dream home today!