Top Mortgage Lending Trends for 2022

As a boutique mortgage broker, you want to pair your clients with the best possible lending solutions out there. Whether you’re helping a growing family into their forever home or helping a first-time homebuyer put down roots in a dream house, staying on top of 2022 mortgage lending trends will help you achieve your brokerage’s goals while providing the ultimate value for your clients.

Going Green

Gone (or quickly fading) are the days of reams of paper to secure and finalize mortgage lending options. Millennials and their Gen Z successors will demand more digitalization and ease of banking platform use for all of their financial needs. Those in this home-buying demographic are completely at ease with doing most tasks online, with a few taps of their fingers, and on their own timeline — even buying homes based on virtual walk-throughs without stepping an actual foot inside the houses. They will continue to expect the same “simple, anytime” service with their mortgage brokers or lenders.

Brokers and lenders who embrace these changes with state-of-the-art tech will do well in 2022 and beyond.

Elbow Room

The pandemic shifted a significant percentage of Americans into a remote workforce. In addition to the low mortgage rates, part of the 2021 housing boom resulted from these individuals looking for different housing — space for a home office, in particular. For 2022, this housing trend may quiet some, as Fannie Mae predicts mortgage rates on a thirty-year fixed loan to bump up around 3.1% to 3.4%.

Climbing Prices & Fewer Refis

House prices rose nearly 18% between 2020 and 2021. This trend is cooling off, and though prices are predicted to remain stable or climb only slightly in 2022, the trend won’t likely top off until the last of the year — if then.

With the anticipated increase in interest rates toward the end of 2022, it is also expected homeowners may not see the benefit of refinancing their mortgages. Both of these forecasts underscore the importance of mortgage brokers working with respected lenders to bring the best real estate loans to the consumers, from jumbo loans to HELOC options.

Your Wholesale Mortgage Lender

Headquartered in Jacksonville, Florida, with a nationwide reach, FLCBank Mortgage helps you stay on top of the ever-changing mortgage lending scene. As a wholesale mortgage lender, we make it easy for your mortgage brokerage firm to source the best loans with our vast array of lending services.

In addition to standard loan types such as FHA, conventional ARM, and VA loans, FLCBank Mortgage provides three customized jumbo loan options. Give us a call today so we can help your brokerage reach new heights in 2022.