A realtor signs some paperwork at a desk, and a tiny model of a house sits on the desk next to him

Much like the positive growth in the national housing market so far this year, First Mortgage Solutions has done some growing of our own. We’ve recently expanded our services into four new states – Florida, Pennsylvania, South Carolina and Tennessee – so the mortgage experts you trust are now even closer to home. As a family-owned and locally-operated lender, we understand that it’s important to have firsthand experience with regional markets in order to advise our customers effectively. Let’s take some time to go over the housing trends in each of these four states to bring you up to speed and provide more information about the unique solutions we can provide for you.


One of the more popular destinations for those tired of dealing with the hassle of colder climates, Florida is home to a very diverse housing market. Here are some relevant single-family Florida house sales statistics from the last year (Q2 2015 to Q2 2016):

  • – The average sale price has increased 5%
  • – New listings have increased by 3%
  • – Median Time-to-Sale has decreased by about 6%, or 6 days
  • – The percentage of closed sales that were “Cash Sales” (those purchased up-front without any financial assistance) has fallen by 17%


Your Very Own Sunshine State Home

As you can see, while the market isn’t nearly as good for buyers as it was in 2012, it hasn’t quite rebounded to the higher prices we saw almost a decade ago. Whether you’re a first-time buyer or seasoned pro set on relocating to Florida, with mortgage loan rates slightly below average, now is still a good time to purchase your very own home. First Mortgage Solutions can help with everything from conventional home loans to FHA loans, so you can claim a piece of the Sunshine State for your own faster and with less hassle.


Though often overlooked on the national housing market, Pennsylvania has been experiencing major population growth in the last few years as low housing prices in cities like Pittsburgh brought in buyers from all over. The ripple effect spread outward to even encompass nearby suburban areas like Lawrenceville and East Liberty. The Pennsylvania Association of Realtors shows the following single-family house sales statistics from the last year (Q2 2015 to Q2 2016):

  • – New listings are down 8%
  • – Pending sales are down 1%
  • – Closed sales have increased almost 10%, and the median sales price increased almost 2%
  • – Median Time-to-Sale has decreased about 7% to a low 76 days


Renovate Your Historic Pennsylvania Home

Boasting some of the oldest houses in the country, this state certainly has its share of fixer-uppers. Home values are at their highest in a decade, so if you’re looking to whip your property into shape with the hope of capitalizing on this seller’s market, you’ll need a good loan program in order to do it. First Mortgage Solutions is here to advise you every step of the way, whether you need a Homestyle loan or 203k loan, we’ll work closely with you to take you through pre-approval to renovations fast and easy.

South Carolina

This southern coastal state has its share of historic architecture as well, especially in older cities like Charleston and Columbia. While the former currently ranks as the sixth-best city for job growth in the nation, the latter is home to six colleges and some of the most affordable housing prices in the region. According to Zillow.com, these are some relevant single-family house sales statistics from the last year (Q2 2015 to Q2 2016):

  • – The median listing price has remained stable
  • – The median sales price has increased 4%
  • – However, the median sales price for a foreclosure home is 46% less than a non-distressed home
  • – Discounts for purchasing foreclosed homes have risen by almost 2%


Veterans Shouldn’t Settle for Less to Settle for Less

Columbia, South Carolina is also home to Fort Jackson, the largest, most-active U.S. Army training center in the country. With such a strong military presence in the area, there’s no shortage of active and veteran servicemen and women looking for a home of their own. At First Mortgage Solutions, we understand the unique challenges our military members endure in the home buying process – not to mention in general – and we’re here to help. As licensed professionals with the Veteran’s Administration, our extensive knowledge of the VA Loan process can put you on the path to homeowner status as quickly and simply as possible.


This state currently boasts one of the strongest housing markets in the country thanks to the recent popularity of affordable housing in cities like Nashville and Chattanooga. New families are choosing these cities as alternatives to larger, more expensive markets – all thanks to higher job growth and lower interest rates. So if you’re looking to make a move yourself, the Volunteer State might be the place for you. Check out these single-family house sales statistics from the Nashville Post for the last year (Q2 2015 to Q2 2016):

  • – The Multi-Indicator Market Index reading is up 12%
  • – Average sale prices have increased almost 7%
  • – However, they’re still almost 8% lower than the national average
  • – Mortgage rates are the lowest they’ve been in almost 4 years


Investment Properties Are Investments in the Future

Because of the positive shape of the housing market in Tennessee, now would be a good time to reconsider your plans for becoming a landlord, restoring and re-selling houses, or investing in residential properties in the state. Effective rental rates have climbed more than 6 percent over the last year, and we offer convenient and affordable home remodeling loans and investment property loans to fit any budget. Before you strike out into this new investment frontier, you need a consultant who knows the local markets best – that’s First Mortgage Solutions in Tennessee.

First Mortgage Solutions: National Expertise, Local Relationships

As you can see, the housing market across the country is heating up this summer season. Whether you’re just starting out on your home buying journey, or are looking to refinance or invest in local properties, you need a proven ally with both national experience and local relationships. First Mortgage Solutions now operates in over a dozen states, providing custom programs for everything from mortgage loans and home equity loans to debt consolidation. With our transparent, ethical approach to the lending process, you can trust in our ability to work with you and find a program that fits your unique lifestyle. Contact us today to see what we can do for you.

Copyright © 2018 First Mortgage Solutions, LLC. – NMLS ID #244476. Offices located at 9237 Ward Parkway, Suite 300 Kansas City, MO 64114, (855) 222-5102. Licensed in California (License #41DBO-51145, licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act), Colorado (License #244476, Regulated by the Division of Real Estate), Connecticut (License #ML-244476), Florida (License #MLD1331), Georgia (Georgia Residential Mortgage Licensee #40649), Illinois Residential Mortgage Licensee #MB.6761285 – Department of Financial and Professional Regulation (122 S Michigan Ave Ste 1776, Chicago, IL 60603, (312) 793-3000), Kansas (A Kansas Licensed Mortgage Company - #MC0025009), Missouri (License #14-1636), Nebraska (License #2122), New Jersey (Residential Mortgage Lender License #244476, Licensed by the New Jersey Department of Banking and Insurance), North Carolina (License #L-175556), Oregon (License #ML-5613), (Pennsylvania (Registered as First Mortgage Direct – License #55072), South Carolina (MLS – 244476), Tennessee (License #128181), Texas (Department of Savings and Mortgage Lending), Virginia (License #MC-5877), and Washington (Consumer Loan Company License #CL-244476) . Equal Housing Lender. NMLS Consumer Access: www.NMLSConsumerAccess.org