Now Offering Utah Housing!

We are excited to announce we are now offering Utah Housing for first-time home buyers!

Due to the highly competitive market, it’s a harsh reality that first-time buyers might need an extra boost to gain entry into the market. This Utah Housing program can give them the support they need!

The program is dedicated to increasing accessible and affordable housing throughout the state of Utah, which is why they offer several mortgage loan programs to help first time buyers be able to purchase a home. These 30-year fixed-rate loans range from FHA and VA loans to conventional loans.

If cash at closing is a problem for you, the Down Payment Assistance Second Mortgage program could help you purchase with little to no cash investment. Basically, it’s like taking out a first and second mortgage, and the second mortgage covers your down payment.

A client of ours that used the Utah Housing program for their down payment had this to say, “Working with ALV made the initially terrifying process of buying my first home feel so much more doable. They connected me with a great program that assisted me with my down payment, which made all the difference when I submitted an offer on the home we loved. I’m grateful for the team’s patience in explaining everything to me and always being available for phone calls when I needed clarification. ALV did a great job working with us through the process and helping us make our first home purchase a possibility.”

We can provide the same experience for you! We’ll take the time to explain the ins and outs of the program and be readily available to answer any questions you may have throughout the process.

If you are worried that your lack of down payment may affect your chances of competing in the market, although it can be a challenge there are programs like this out there that are dedicated to helping more first-time buyers get homes.

If you think you or someone you know could benefit from this program, reach out and let’s review your situation, and get you qualified so you can begin your home search!


Securing Referrals

Utah Realtors, when is the last time you actually had a strategy to generate referrals from your existing clients? 

What plans do you have in place to make sure that when your existing clients are thinking or talking about purchasing real estate... your name comes up? 

Give me a call and lets schedule some time to talk so I can show you how our marketing tools and systems can help you increase the amount of referrals you receive!


Closing is About Communication

For us closing is all about communication. When you work with ALV Mortgage you are providing your clients with a mortgage experience that is simple, fast and hassle free.


Our communication strategies help us give your clients a seamless mortgage process from start to finish.


If you are looking for a lender that prioritizes communication and will provide a 5-star service for you and your clients, give us a call. We'd love to connect!


The Cost of Waiting in 2021

If you have buyers leaving the market it may be because they are waiting for the market to crash or waiting for home prices or interest rates to go down. Truthfully, neither is likely to happen anytime soon. There's no question that the real estate market is red hot. Despite fierce competition, now is the perfect time for buyers to buy purchase! The housing market is seeing major gains this year, especially in Salt Lake City. Homes are appreciating faster than ever. Not looking into the market at this opportune time could hurt more than help your clients in the long run. Even with all of this talk around the “housing bubble” bursting and fear of an impending crash like that of 2008, the market today is completely different from where it was back then. In 2006-2008, mortgage lenders were watering down lending standards, and providing loans for people with questionable credit. Lenders are more cautious now. They have tightened credit standards and as the economy continues to get back to normal from the pandemic, lenders are staying selective. A crash is highly unlikely anytime soon. Also, to consider is how much gain homeowners have been seeing, from a financing and strategy standpoint, people are going to be less likely to let their homes go even when appreciation slows down. Since they have built up so much equity in their property already. I hate to be the one to break the news but if your clients are waiting for prices and interest rates to lower it is honestly not in the cards anytime soon. There has been a 20% increase year over year in home prices. So the thought that prices are going to fall back to the lows from a year or two ago, is unlikely with demand being so high. Even though rates are higher today than they were at the beginning of the pandemic, they are still fantastic when compared to rates four or five years ago. While we don’t know for certain if they will go down, we do know they will go higher in the coming months. The federal reserve is still involved in keeping mortgage rates down, but at some point this policy could change. So, the best bet is to think that interest rates are going to be higher in the coming years and get your clients locked into the low rate of today before it’s gone. If you have a buyer on the fence about purchasing in the summer market, send me their information. I would be happy to review their situation and advise them on a strategy that will help them be a successful buyer in today’s market.

Let Me Help You, Help Your Buyers

Have you ever had someone start the home buying process with you, only to end up choosing another agent in the end? This can certainly hurt financially, but there is also a sense of betrayal that comes from the client choosing another real estate professional to work with, over you. I believe I can help you to alleviate this, by marketing to customers in a co-branded manner; while they are shopping for a home. When it comes to winning a client’s business, it all comes back to the value you can add to their real estate experience. Equipping yourself with as much valuable information as possible is a surefire way to get the attention of prospective buyers and sellers. Our marketing tool kit includes a lot of beneficial information that your clients might not find elsewhere. These are not just moving tips or gardening secrets; they are highly engaging pieces of information that will help your clients see the financial opportunity in purchasing a home and using us to do it. Tools such as Real Estate Report Cards, Home Appreciation Data, Buy vs Rent Comparisons, Cost of Waiting Analysis, and many others can help position us as true advisors for our clients. The co-branded marketing kit can be sent out in varying intervals and timeframes. From email marketing to open house flyers, these tools can allow you to add real value to your client’s real estate experience. A big mistake many agents make is bombarding their audience with random information. This can be ineffective. Users can simply unsubscribe from you. Emailing them with valuable information that pertains to their situation can help set you apart from other agents who are being sent straight to the spam box. Our digital tools also grant you full transparency throughout the entire loan process with real-time loan tracking. Which in turn will help you provide elite customer service from contract to closing! If you would like to talk more about these tools and what ALV Mortgage can offer your business, let’s set up a call. I would love to connect and see if I can help you, assist your buyers to better navigate this highly competitive market!

Get the Loan, Skip the Appraisal

We are always looking for ways to save you money when it comes to your home purchase or refinance. One of the ways we do this is to check whether your property is eligible for an appraisal waiver – which could save you hundreds in appraisal fees! Also known as a property inspection waiver, an appraisal waiver allows a homeowner to forgo hiring (and paying for) an appraiser to perform an appraisal on their current or prospective home. Instead of someone coming out to walk through the property, we will use automated information based on data such as recent home sales in your neighborhood, to get the appraised value. Appraisals can cost anywhere from $500 to $1000, so having it waived can save you a lot of out-of-pocket money. It also helps to alleviate the stress of an appraisal potentially coming in low. When an appraisal does come in low, buyers typically have to bring additional funds to the closing table to cover the difference. An appraisal waiver immediately removes this stress from this part of the transaction for both the buyer and seller. No more having to wait weeks to find out if you are going to be able to close. In fact, with an appraisal waiver it’s possible to close in 15 days or less! An appraisal waiver does require a 20% down payment to qualify, and I have to run the address through a system called DU prior to submitting any offers. Not all homes are qualified for an appraisal waiver but checking to see if a property is qualified is easy, just reach out to me with an address! Appraisal waivers can save you money and time, which is crucial in today’s market. Reach out to me today see if you qualify for and let me show you how great working with ALV Mortgage can be.