Guests: Casey Oiness and Colin TippSummaryIn this conversation, Joe, Casey, and Colin discuss the new mortgage rules and updates for 2025, focusing on loan limits, down payment options, credit score requirements, and the challenges of self-employed borrowers. They also delve into interest rate predictions and the importance of timing in real estate purchases, emphasizing the need for buyers to act quickly in a fluctuating market.TakeawaysLoan limits are increasing annually, providing more opportunities for buyers.Guild Mortgage offers innovative down payment assistance programs.Credit score requirements have become more flexible for FHA loans.Self-employed borrowers can qualify using bank statements instead of tax returns.Interest rates are expected to decrease, impacting home affordability.Buyers should act now to avoid losing purchase power due to rising home prices.Home prices in Seattle typically increase by 15% annually, with significant appreciation in spring.Waiting to buy can lead to substantial financial losses in potential equity.Refinancing options are available for buyers who purchase at higher rates.Understanding the long-term goals is crucial for home buyers.Thank you for listening to RealTalk! Don’t forget to like and subscribe, and follow Joe on Instagram (@seattlesagent) for the latest videos. And don’t forget to check out The Seattle Experience with Joe Sheldon podcast on YouTube or your favorite podcast app. For more information about Joe, or to work with Joe, visit www.myseattlesearch.com.

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