Summit Lending

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Mortgage and Lending - NMLS #371291
Eric Gausepohl, Matt Gausepohl, over 12 years experience in the Mortgage Industry, mortgage lending, direct lender, California, VA Loans, Homes for Heroes, real estate marketing, ePropertysites, agent marketing, free single property website, agent training,
Distressed Sales at Lowest Since 2007In yet another sign of strength in our housing market, sales of distressed homes (REO real estate owned by banks) has dropped to their lowest level since April 2007.The most recent readings from CoreLogic show that distressed home sales made up just 11.1% of t...
Weekly Mortgage Rate UpdateHigh volatility is expected this week in the mortgage world.  Read more in this week's Rate Snapshot by clicking here.Please forward along to anyone you know who may need to be pre-qualified for a mortgage loan and give me a call if you have any questions!  Have a great...
It has been an honor working with so many of our communities Heroes since joining Homes for Heroes.  Thank You to all of our local Heroes, and Thank You, Homes for Heroes, for this recognition...   National HOMES FOR HEROES Program Honors Local Affiliate, Summit Lending, for being #1 in Californi...
Current Mortgage Rates Still sitting on the sidelines? Then you are certainly in the minority as buyers recognize that prices are steadily increasing and good inventory is sometimes difficult to find. So, they are snapping up property often with multiple offers competing for an active listing. Yo...
What's in a (street) name? Everything.   If you'd like to increase property values, try renaming your neighborhood something pleasant like "Willowy Boulevard." It turns out, that might actually help. Recently, online real estate broker put together a survey of how property values relat...
Pending Home Sales at Highest Level in 18 Months U.S. home buyers signed more contracts to buy existing homes in January than they have since August of 2013, according to the National Association of Realtors. Its monthly index of pending sales, an indicator of future closed sales, rose 1.7 percen...
Why YOU Should Buy a Home NOW! Low interest rates and seller's positive equity are just two factors that make this a good time to trade up! Click here to read this week's Market Insider to read the whole article and to see current rate activity. Why YOU Should Buy a Home NOW!  
Lower FHA premiums to fuel home buying in 2015 In a move designed to bring more first-time homebuyers into the housing market, the Federal Housing Administration (FHA), the government insurer of home loans, will lower its annual insurance premiums from 1.35 percent to 0.85 percent.     Click here...
Pending Home Sales Rise in 2014 The Realtors' Pending Home Sales Index is up 4.1 percent from a year ago, the third straight month of annual gains and the largest gain since August of 2013. These contracts are an indicator of closed sales in the next one to two months.   For more on this topic as...
Strong Economy Drives Up High End Sales Realtors say the red hot stock market is driving high-end home sales, but the heat is also being stoked by something far more fundamental. There are simply more high-end homes for sale. Dallas, Atlanta, Phoenix and Nashville have at least two times more hom...

Eric Gausepohl

Eric Gausepohl - Summit Lending
local_phone(800) 774-7650
smartphone(714) 536-9500
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