Blog - Jay Jenkins - Realtor

Up to $10,000 Community Partners Program

Current or retired law enforcement Officers, firefighters, employees of state-accredited schools, employees of health care systems, first responders, active-duty military members, veterans and their surviving spouses, and C0VlD-related essential workers could receive up to $10,000 toward their down payment of […]

Is Your New Rental Really ‘Move-In Ready’?

Is Your New Rental Really Move-In Ready? There are plenty of reasons why so many people choose to rent a home instead of buying one. For instance, it can provide more flexibility since you don’t have to worry about selling […]

Seller’s Market Advice

It is an extreme seller’s market here in Hampton Roads in most price ranges. This is great for sellers but there are pitfalls starting to show up with appraisals and buyers offering above list price. Find out how to protect […]

Hampton Roads is Getting a New Area Code

As you might know, our 757 area code is nearing the end of available new phone numbers. That means our area is getting an additional area code – 948. Existing 757 area code customers will NOT have their numbers changed […]

FHFA Suspends Second Home, Investment Loan Limits

The FHFA Suspends Second Home, Investment Loan Limits The Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury announced late Tuesday that they were suspending some of the provisions that had been added to the Preferred Stock […]

Breaking News: New CDC Eviction Moratorium

The CDC announced a new targeted eviction moratorium on 8/3/2021. This new order temporarily halts evictions in localities experiencing substantial or high levels of community transmission of COVID-19, as defined by the CDC, through October 3, 2021. As was the […]

Pandemic Market Update – “Is the market getting better?”

A brief update about how the COVID 19 pandemic is still effecting the housing market and signs that it may be changing.

Huge change that could effect home buyers with student loans!

FHA Changes Policies on Student Debt Obligations FHA will consider potential homeowners’ student debt obligations based on what they actually pay monthly, which will assist the approximately 50 percent of federal student loan borrowers in income driven repayment plans with […]

Higher rates for Investment and Second home properties

Big Hit to Second Home and Investment Mortgages FHFA (Fannie Mae’s and Freddie Mac’s conservator) announced March 10 that they are limiting new loans secured by second homes or investment properties to 7% of the overall loans they purchase (roughly […]

Mortgage Rates Rising at Fastest Pace in Months

Mortgage rates are coming off a rough week—the roughest, in fact since June 2020 by some measures. That’s the last time rates rose this quickly for market-driven reasons. There were a few instances of bigger moves in Aug/Sep as the […]