Flat Branch Flex Funds

Flex Funds is a program that functions as a grant to assist first-time homebuyers with closing costs or a down payment.

With Flex Funds, buyers can receive up to $4,000 in assistance toward closing costs or their down payment. Closing costs are the fees associated with a home loan, and the down payment is the initial payment made on the loan.  

In order to use Flex Funds, the home purchase must be a single-family residence, a primary residence purchase, purchaser must be a first-time homebuyer (as defined by Fannie Mae), purchaser’s income must be at or under 80% of the area medium income, purchase must be Fannie Mae Home Ready or Freddie Mac Home Possible eligible, and borrower must meet 3% minimum required contribution.

Flat Branch Home Loans is a dominant mortgage company in the Midwest and is growing throughout the country. Flat Branch Home Loans employees live, work, and play in the communities they serve, and consider every borrower they work with family, not a file.  We believe in making the homebuying process easier. Programs like Flex Funds allow homebuyers to achieve homeownership and build wealth.

Team Lasson is here to assist with all of your home buying needs!  If you’re considering taking the leap into home ownership in the near future, we’re here to help.  Contact us today to explore which loan program aligns best with your financial goals. 

The first step in preparing for your big purchase is to get pre-approved for a mortgage at Lake of the Ozarks.  Visit www.yourlakeloan.com or call us at (573) 216-7258 to get started today!

Michael Lasson

Senior Mortgage Banker

NMLS #:  493712

Flat Branch Home Loans – Team Lasson

2882 Bagnell Dam Blvd

Lake Ozark, MO 65049

Cell:  (573) 216-7258

Email:  teamlasson@fbhl.com

Website:  www.yourlakeloan.com

**The postings on this site are my own and do not necessarily represent Flat Branch Home Loans positions, strategies, or opinions.

Flat Branch Home Loans NMLS 224149. A Division of Flat Branch Mortgage Inc.

For more licensing information, visit NMLSConsumerAccess.org

Home Improvement - Basement Transformations

Basement Transformation: Converting Underground Space 

into a Valuable Living Area

If you've been using your basement solely for storage or laundry, it might be time to reimagine what's possible. With a little planning and creativity, you can transform this space into a valuable part of your home and add functional square footage to your property. This can boost your resale value significantly while giving you a private retreat from the hustle and bustle upstairs. So, what will you turn your basement into?

Home Office or Studio

Your basement's natural separation makes it the perfect option if you need a quiet place to work or create. Consider turning a portion of it into a home office, craft room, or art studio. Just make sure to add lighting and ventilation to keep the space bright and comfortable.

Guest Suite

Add value and comfort with a guest bedroom. Your visitors will love the privacy, and you'll enjoy having a dedicated place to host friends and family. Consider adding on a bathroom or a small kitchenette to really elevate the space.

Home Theater

Basements are perfect for movie nights thanks to their natural sound insulation. Movie buffs will love being able to indulge in a true cinematic experience at home. Add surround sound, cozy seating, and dimmable lighting to bring everything together before your next big premiere or Netflix binge.

Gym or Yoga Room

Stay in shape without the expensive fitness membership. Create your own wellness zone with cushioned floors and a dedicated space for weights or mats. A sound system and good airflow can turn your basement into a peaceful escape that's ideal for yoga.

Library or Reading Nook

Take advantage of your basement's quiet atmosphere to design your own personal library. Add built-in bookshelves and warm lighting to give the space a cozy feeling. Don't forget to add comfortable seating and plush blankets to your new retreat.

Your basement has so much more to offer than just storage space for boxes. With these ideas, you can transform this space into a stunning extension of your home.

Sources: Woodgrain.com, Thisoldhouse.com

Team Lasson is here to assist with all of your home buying needs!  If you’re considering taking the leap into home ownership in the near future, we’re here to help.  Contact us today to explore which loan program aligns best with your financial goals. 

The first step in preparing for your big purchase is to get pre-approved for a mortgage at Lake of the Ozarks.  Visit www.yourlakeloan.com or call us at (573) 216-7258 to get started today!

Michael Lasson

Senior Mortgage Banker

NMLS #:  493712

Flat Branch Home Loans – Team Lasson

2882 Bagnell Dam Blvd

Lake Ozark, MO 65049

Cell:  (573) 216-7258

Email:  teamlasson@fbhl.com

Website:  www.yourlakeloan.com

**The postings on this site are my own and do not necessarily represent Flat Branch Home Loans positions, strategies, or opinions.

Flat Branch Home Loans NMLS 224149. A Division of Flat Branch Mortgage Inc.

For more licensing information, visit NMLSConsumerAccess.org

What to Watch - Easing Tariffs

Easing Tariffs and Cooling Inflation Boost Housing Market Stability  

Tariffs have dominated headlines since early April, significantly impacting the financial sector. Global market uncertainty has driven U.S. mortgage bond and Treasury prices lower, pushing yields and home borrowing costs higher.

Recent developments have brought some relief as tariff tensions ease and inflation cools. The White House has paused high reciprocal tariffs and scaled back planned increases on imports from China. The Consumer Price Index (CPI) has declined for two consecutive months and is expected to continue edging lower.

The housing market is showing signs of resilience. A Realtor.com report indicates a 27.5% increase in homes for sale compared to last year, a trend experts predict will persist. New and existing home sales have exceeded expectations, with March new home sales rising 7.4% to an annualized rate of 724,000, surpassing forecasts of 684,000. Home borrowing costs, which had been declining before tariff-related volatility spiked, rose but have recently started to ease.

As markets stabilize, the combination of cooling inflation, easing tariff pressures, and a robust housing sector suggests a more favorable environment for homebuyers and investors. Continued monitoring of tariff negotiations and economic data will be crucial to sustaining this momentum.

Bottom Line: Easing tariff tensions and cooling inflation are stabilizing markets, boosting housing inventory and sales, with borrowing costs showing signs of moderation, creating opportunities for homebuyers and investors.

Source: Mortgage Market Guide

Team Lasson is here to assist with all of your home buying needs!  If you’re considering taking the leap into home ownership in the near future, we’re here to help.  Contact us today to explore which loan program aligns best with your financial goals. 

The first step in preparing for your big purchase is to get pre-approved for a mortgage at Lake of the Ozarks.  Visit www.yourlakeloan.com or call us at (573) 216-7258 to get started today!

Michael Lasson

Senior Mortgage Banker

NMLS #:  493712

Flat Branch Home Loans – Team Lasson

2882 Bagnell Dam Blvd

Lake Ozark, MO 65049

Cell:  (573) 216-7258

Email:  teamlasson@fbhl.com

Website:  www.yourlakeloan.com

**The postings on this site are my own and do not necessarily represent Flat Branch Home Loans positions, strategies, or opinions.

Flat Branch Home Loans NMLS 224149. A Division of Flat Branch Mortgage Inc.

For more licensing information, visit NMLSConsumerAccess.org

Tariffs, Inflation, Economic Activity, Consumer Sentiment and Housing

WHAT TO WATCH:

Home borrowing costs, economic activity, inflation, and tariffs will dominate headlines in the coming months, and their outcomes could significantly influence consumer sentiment toward achieving the American Dream of homeownership.  

Fixed mortgage rates, particularly the 30-year, have eased from their multi-year peak of nearly 8% in fall 2023 but remain stuck just above 6.5%.

According to Fannie Mae's March Commentary, rates are expected to decline throughout 2025, potentially sparking a modest uptick in housing activity. “We think mortgage rates will dip even lower within the next quarter, closing the year around 6.3%, which could entice some sidelined buyers back into the market,” said Mark Palim, Fannie Mae's Senior Vice President and Chief Economist.

Economic activity plays a critical role in shaping housing markets, driving prices, affordability, supply, and demand. Robust job growth, rising wages, or new industries can ignite housing demand, while slowdowns, triggered by recessions or high interest rates, often cool it off.

Meanwhile, inflation and tariffs cast a shadow of uncertainty over consumers and businesses alike. Inflation erodes purchasing power from both the demand and cost sides, while tariffs disrupt supply chains and inflate prices. Together, they create a double whammy, prompting businesses to pause investment and hiring, and leaving consumers hesitant to spend as they await clarity.

The bottom line? The interplay of falling mortgage rates, economic momentum, and the inflationary pressures of tariffs will determine whether the housing market gains traction or stalls. For aspiring homeowners, the path to the American Dream hinges on how these forces align in 2025.

Source: Mortgage Market Guide

Team Lasson is here to assist with all of your home buying needs!  If you’re considering taking the leap into home ownership in the near future, we’re here to help.  Contact us today to explore which loan program aligns best with your financial goals. 

The first step in preparing for your big purchase is to get pre-approved for a mortgage at Lake of the Ozarks.  Visit www.yourlakeloan.com or call us at (573) 216-7258 to get started today!

Michael Lasson

Senior Mortgage Banker

NMLS #:  493712

Flat Branch Home Loans – Team Lasson

2882 Bagnell Dam Blvd

Lake Ozark, MO 65049

Cell:  (573) 216-7258

Email:  teamlasson@fbhl.com

Website:  www.yourlakeloan.com

**The postings on this site are my own and do not necessarily represent Flat Branch Home Loans positions, strategies, or opinions.

Flat Branch Home Loans NMLS 224149. A Division of Flat Branch Mortgage Inc.

For more licensing information, visit NMLSConsumerAccess.org

Home Improvement Ideas for Aging Adults

Aging in Place - Essential Home Modifications for Senior Living  

Many seniors would prefer to stay in their homes rather than move into assisted living facilities. However, mobility and health needs change as we age. Whether you're planning ahead for yourself or want to keep a loved one safe, the right home modifications are a must for safety and comfort. Here are some practical home updates for aging in place.

Install Safer Flooring

Slips and falls are one of the biggest risks for older adults. To minimize accidents, replace loose rugs with slip-resistant carpets or remove them entirely. Opt for low-impact flooring, such as rubber or cork, to provide better traction and cushioning. In high-risk areas, such as bathrooms and kitchens, use non-slip mats.

Update Bathrooms

Bathrooms are one of the most dangerous places for seniors, but small changes can improve safety. Install grab bars near toilets and in showers for extra support. Another low-cost upgrade is to switch to a handheld showerhead to reduce strain while bathing. If it's in your budget, consider swapping out bathtubs for walk-in showers with built-in seating.

Focus on Accessibility

Install ramps at entryways to eliminate the need for stairs. Stairlifts also provide a safe, motorized option. Replace doorknobs with lever handles that are easier to grip and widen doorways to accommodate walkers or wheelchairs.

Home updates can be expensive, but financial assistance is available. Research government grants, low-interest loans, and tax deductions for medically necessary home changes. Medicare Advantage plans may also cover certain safety modifications.

Sources: Assistedliving.org, Thehelperbees.com

Team Lasson is here to assist with all of your home buying needs!  If you’re considering taking the leap into home ownership in the near future, we’re here to help.  Contact us today to explore which loan program aligns best with your financial goals. 

The first step in preparing for your big purchase is to get pre-approved for a mortgage at Lake of the Ozarks.  Visit www.yourlakeloan.com or call us at (573) 216-7258 to get started today!

Michael Lasson

Senior Mortgage Banker

NMLS #:  493712

Flat Branch Home Loans – Team Lasson

2882 Bagnell Dam Blvd

Lake Ozark, MO 65049

Cell:  (573) 216-7258

Email:  teamlasson@fbhl.com

Website:  www.yourlakeloan.com

**The postings on this site are my own and do not necessarily represent Flat Branch Home Loans positions, strategies, or opinions.

Flat Branch Home Loans NMLS 224149. A Division of Flat Branch Mortgage Inc.

For more licensing information, visit NMLSConsumerAccess.org

Understanding Zoning Laws and your Property

Understanding How Zoning Laws Affect Your Property Rights and Home Business Options

Zoning laws shape how homeowners may use their land. These regulations can impact everything from home renovations to whether you may legally operate a business from your residence. Whether you're in the market for a new house or considering making changes to your existing property, researching the zoning laws in your area can help you avoid legal headaches.  

Identify Your Property's Zone Type

Cities and counties divide land into residential, commercial, industrial, and agricultural areas. Each zone has different building restrictions that can impact property value. For example, a home in a desirable residential zone that is close to amenities such as parks and schools may retain a higher value. On the other hand, properties near industrial zones may see lower values due to noise and environmental factors.

To determine how a property is classified, request local ordinances and zoning maps from the city's planning department. You may be able to find this information on their website.

Pay Attention to Home Renovation Restrictions

Some areas have strict guidelines on lot size and building height that may limit modifications. Check with your city or county before adding a new structure or room onto your property. You may also need permission to convert a space such as a garage or a shed into a living area, especially if you plan to rent it out.

Research Business Regulations

If you're in a residential zone and wish to operate a business from your home, make sure you're permitted to do so. While some cities and counties allow homeowners to use their residential address for business operations, there may be restrictions regarding signage and advertising. Zoning laws may also limit customer visits and business-related traffic.

If you live in a planned community, you should also check the homeowners association's covenants, conditions, and restrictions. These rules can be even stricter than standard zoning laws. Take the time to do your research and consult with a real estate professional before purchasing a new property to make sure it's suited to your needs.

Sources: Hunterofhomes.com, Nolo.com

Team Lasson is here to assist with all of your home buying needs!  If you’re considering taking the leap into home ownership in the near future, we’re here to help.  Contact us today to explore which loan program aligns best with your financial goals. 

The first step in preparing for your big purchase is to get pre-approved for a mortgage at Lake of the Ozarks.  Visit www.yourlakeloan.com or call us at (573) 216-7258 to get started today!

Michael Lasson

Senior Mortgage Banker

NMLS #:  493712

Flat Branch Home Loans – Team Lasson

2882 Bagnell Dam Blvd

Lake Ozark, MO 65049

Cell:  (573) 216-7258

Email:  teamlasson@fbhl.com

Website:  www.yourlakeloan.com

**The postings on this site are my own and do not necessarily represent Flat Branch Home Loans positions, strategies, or opinions.

Flat Branch Home Loans NMLS 224149. A Division of Flat Branch Mortgage Inc.

For more licensing information, visit NMLSConsumerAccess.org

Garage - Attached or Detached?

 

What are some of the factors that should be looked at when deciding whether an attached or detached garage is right for your property? While both options have advantages, choosing between an attached or detached garage often comes down to convenience, security, space, and cost. A garage that's connected to your home offers easy access, so you can go from your car to your house without stepping outside. This can be beneficial if you live in a climate with extreme weather conditions or have a large family and find yourself hauling lots of groceries back and forth. If you're considering adding a garage onto an existing property, an attached garage can also provide cost savings. This is because attached garages usually share some walls, plumbing, and electrical connections with your main house. However, attached garages can pose some security risks if they're not properly secured, and you may be limited in your design options depending on how much space is available. A detached garage, on the other hand, can provide a flexible space that doubles as a workshop or studio. As a standalone structure, it may also reduce noise transfer to your home, especially if you plan to work on large projects. However, detached garages require extra effort to access, especially in inclement weather, and often involve higher construction costs due to the need for separate utility lines.   To make your decision, consider your lot size, intended use, and long-term goals. Check your neighborhood's guidelines to determine whether there are any regulations about where you can build. And finally, work with a professional contractor to compare different design options and estimates to make sure you have all the information you need to make the best choice for your lifestyle, budget, and property. Sources: Tilghmanbuilders.com

Team Lasson is here to assist with all of your home buying and remodeling needs!  If you’re considering taking the leap into home ownership or renovation in the near future, we’re here to help.  Contact us today to explore which loan program aligns best with your financial goals. 

The first step in preparing for your big purchase is to get pre-approved for a mortgage at Lake of the Ozarks.  Visit www.yourlakeloan.com or call us at (573) 216-7258 to get started today!

Michael Lasson

Senior Mortgage Banker

NMLS #:  493712

Flat Branch Home Loans – Team Lasson

2882 Bagnell Dam Blvd

Lake Ozark, MO 65049

Cell:  (573) 216-7258

Email:  teamlasson@fbhl.com

Website:  www.yourlakeloan.com

**The postings on this site are my own and do not necessarily represent Flat Branch Home Loans positions, strategies, or opinions.

Flat Branch Home Loans NMLS 224149. A Division of Flat Branch Mortgage Inc.

For more licensing information, visit NMLSConsumerAccess.org