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According to the U.S. Census Bureau, the rate of home-ownership in the United States fell to 63.4 percent in the second quarter of 2015. This is the lowest it has been since 1967. While the number of occupied housing units has grown, most of these units are going to renters. Owner-occupied housing rates continue to fall.

According to the United States Department of Veterans Affairs, 1,680,418 veterans resided in Texas as of September of last year. With the real estate market currently experiencing a resurgence across the nation, a growing portion of those service men and women are revisiting their home ownership options. In consideration of this development, Gerry Nicodemus of AMCAP Mortgage - NHB has launched the lending firm's newly updated directory of VA home loan information.

AMCAP Mortgage - North Houston launched a new public awareness campaign, a company-wide effort that will continue for months to come. The new initiative revolves around spreading awareness as to the significant differences between conventional mortgages and those insured by the Federal Housing Administration, a distinction that is a source of confusion for many home buyers in the area. By helping to spread information about this important subject, AMCAP Mortgage – NHB aims to make it easier for families in the north Houston area to successfully realize their dreams of home ownership.

According to the Mortgage Bankers Association, conventional home loan delinquencies soared beyond 18 percent in the state of Texas during the recent recession. Though these occurrences had tapered off to just under 16 percent upon last report, lending institutions remain somewhat gun-shy in regards to doling out home loans to current applicants. With this in mind, AMCAP Mortgage - North Houston spokesperson Gerry Nicodemus has launched the agency's guide to USDA home loans.

While the U.S. Census Bureau reported an estimated 10 percent uptick in home sales across the country as of October 2015, at least 15 percent of mortgage loan applications were denied over the course of the year. Top lending institutions list credit history, unacceptable debt-to-income ratio and lack of financial reserves as primary reasons for turning away would-be homeowners. In response to this development, Gerry Nicodemus of AMCAP Mortgage - North Houston has launched the latest FHA information geared toward local potential home buyers.

Traditional loans require at least a 620 credit score, no more than 45% debt to income ratio, and a down payment of at least 3%. This can make it difficult for a potential homebuyer to get a loan as many people don't have a high credit score, low debt and a large amount in savings for a down payment when they're ready to buy a home.

The North Houston Bureau of AMCAP Mortgage published a new guide aimed at those choosing between conventional and FHA-insured home loans. The new AMCAP Mortgage - NHB guide will answer all of the most common questions, delivering helpful, actionable advice in a straightforward, point-by-point manner. AMCAP Mortgage - North Houston is one of the region's most active and flexible home lenders, providing everything from jumbo-sized conventional loans to mortgage refinancing and FHA options for first-time buyers.

Records indicate 1949 saw the launch of the USDA Rural Development Loan program. This year marks its 66th anniversary as well as bringing the home ownership dreams of more than 1 million families to fruition. On a more tumultuous note, the number of American citizens being denied for traditional home loans continues to rise on the waves of recent housing market wreckage.

A report released by the Urban Institute in December, 2014 indicates 43 percent of home loan applicants in American were denied by traditional lenders during 2013, up an estimated 3 percent from just a year earlier. Rejections are said to be based largely on credit score, household income and debt-to-income ratio. This uptick comes as no surprise to the staff of AMCAP Mortgage - North Houston who has watched this trend unfold for quite some time. In response to the mounting turn-down rate, spokesperson Gerry Nicodemus has launched the company's latest efforts to raise awareness regarding FHA loans.

A VA Loan offers numerous benefits to those who are currently serving the country in the armed forces or those who have done so in the past. The VA home loan program offers no down payments, limitations on how much a buyer can be asked to pay in closing costs, no monthly mortgage insurance premiums and a property value appraisal. When the loan is used to purchase a new home, inspections take place at various stages of the process and the builder must provide a one year warranty. Financial counseling and personal loan servicing are two features of this program also. Once a person answers what is a VA home loan, he or she understands why many choose this financing option.