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CMG Financial
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CMG Financial is a well-capitalized, privately held mortgage-banking firm founded in 1993. The company makes its products and services available to the market through three distinct origination channels including Correspondent Lending, Wholesale Lending and Retail Lending.

CMG Financial is currently licensed in all 50 states, including the District of Columbia, and holds federal agency lending approvals with HUD, VA, RHS, GNMA, FNMA and FHLMC. Throughout the mortgage banking and housing markets, CMG Financial is widely known for responsible lending practices, industry and consumer advocacy, product innovation, and operational efficiency.

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3160 Crow Canyon Road Suite 400, San Ramon, CA 94583
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102 Posts
What Can Buyers Negotiate When Buying a Home? |
What Can Buyers Negotiate When Buying a Home? Blog posted On October 12, 2022 Rates are continuing to trend higher, giving many home buyers pause about their purchase. Beneath the surface, the housing market is shifting in favor of home buyers. Home Price - If the seller has a good real estate agent, they've likely been coached about the current market and buyers' expectations. If you're working with a real estate agent, they'll be able to use these factors when considering what price to offer on a home: Recent... more
What Can Buyers Negotiate When Buying a Home?  |
Data Doesn't Lie: October is the Best Month to Buy a Home, Even This Year |
October is the Best Month to Buy a Home, Even This Year Blog posted on October 11, 2022. Temperatures are dropping, leaves are falling, and the housing market is cooling off. If you buy a home this month, you’re likely to pay a lower premium, according to real estate data company Attom. In May, the month with the highest premium, buyers pay roughly 10.5% above the home’s market value.
Market Update: Mortgage Rates Rise; Consumer Price Index Coming Up This Week |
Market Update: Mortgage Rates Rise; Consumer Price Index Coming Up This Week Blog posted On October 10, 2022 Mortgage rates trended higher last week after the release of strong jobs reports. In a typical market, economic data wouldn't influence rates to the volatility of this extent. Why? Strong jobs data suggests that the economy can continue enduring the rate increases by the Fed. One of the main reasons the Federal Reserve has been aggressively hiking the benchmark interest rate is to help combat the record... more
Market Update: Mortgage Rates Rise; Consumer Price Index Coming Up This Week  |
4 Questions to Ask Before You Buy a Second Home |
4 Questions to Ask Before You Buy a Second Home Blog posted On October 05, 2022 An oceanside paradise, a lakefront escape, acres of space and endless skies - they all sound like a dream. Owning a second home is a big financial commitment. It's easy to imagine all the ideal possibilities of a second home. It can be more difficult to go through the financial details. Ask yourself these four questions while making your decision. An escape during long weekends, or breaks A transition home for fully remote work A... more
4 Questions to Ask Before You Buy a Second Home  |
Home Prices Cooled at Fastest Pace Ever, Offering Hope for Buyers |
Home prices are cooling at the fastest recorded pace by the Case-Shiller home price index. Price gains for both rent and mortgages have spiked aggressively over the past year. Mortgage rates have also climbed drastically since the beginning of the year. Inflation is still increasing on popular indexes such as the consumer price index (CPI) and personal consumption expenditures (PCE) index. But there are several ways buyers can reduce costs when buying.
Home Prices Cooled at Fastest Pace Ever, Offering Hope for Buyers  |
Market Update: Mortgage Rates Rise; Construction Spending and Job Openings Coming Up This Week |
Construction spending report tracks total spending on private and public construction projects. In July, construction spending fell 0.4% month-over-month. The Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) tracks month-to-month changes in job openings, hirings, and voluntary quits. Job openings were little changed at 11.2 million in July. Quits were at 4.2million. The jobs market is one of the bigger factors that is helping bolster the economy and the housing market. If you have any more... more
Market Update: Mortgage Rates Rise; Construction Spending and Job Openings Coming Up This Week |
How to Lower Your Monthly Mortgage Payment |
The Mortgage Payment Buydown gives home buyers a lower payment on their mortgage for up to three years. HomeFundIt™ allows home buyers to build a customized contribution campaign, raise down payment gifts, and accept contributions from anyone with a credit or debit card. For first-time buyers, every gift earns a 2-to-1 match, up to the lesser of $2,000 or 1% of the purchase price. For first time buyers.
How to Lower Your Monthly Mortgage Payment  |
5 Tips to Help You Choose a Mortgage Lender |
When shopping around for a mortgage lender, it's important to investigate more than who has the lowest rates. Most mortgage lenders have a lot of the same processes, but other factors that can set them apart include the service you receive and the fees they charge. We would love to talk more about why we are different and how we can offer MORE paths to homeownership. For more information, please visit www.mortlender.com and www.Mortlenders.com.
5 Tips to Help You Choose a Mortgage Lender  |
The Best Week to Buy a House is Here |
A recent study by Realtor.com found that the week of September 25 to October 1 is the best week of the year to buy a home. Buyers could save more than $20,000 on a median-priced home compared to those who bought during the peak of the market this summer. The Case-Shiller home price index released data showing that home prices saw a monthly decline. While home prices are still elevated, they are sharply cooling at the fastest rate in the past two years. Nearly 50% more listings could be on the market. This gives... more
The Best Week to Buy a House is Here  |
Market Update: Rates Trend Higher; Case-Shiller Home Price Index, Pending Home Sales, and PCE Index Coming Up This Week |
Mortgage rates have been trending higher since the release of the latest consumer price index, which showed that inflation is at higher-than-expected levels. The Federal Open Market Committee (FOMC) also made a unanimous decision to raise the benchmark interest rate by another 0.75%. Important reports scheduled for release this week could have another big impact. Completion is the enemy of the bond market, which influences mortgage rates heavily. Other important reports include the Case-Shiller home price index... more
Market Update: Rates Trend Higher; Case-Shiller Home Price Index, Pending Home Sales, and PCE Index Coming Up This Week  |
Best Ways to Use Your Record-High Home Equity |

Best Ways to Use Your Record-High Home Equity

Blog posted On September 22, 2022

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Homeowners are gaining record amounts of wealth. According to a recent report by CoreLogic, Home equity has soared nearly 28% over the past year alone. That’s an average gain of $60,200 per homeowner. Now, the average

... more
Best Ways to Use Your Record-High Home Equity |
5 Ways to Decorate Your Front Porch for Fall |
Fall is the time to spruce up the front porch with pumpkins, straw bales, and more fun Fall decor. Contact us today to get started with the preapproval process to get you into your dream home this Fall season. HomeFundIt™ can help you get into a home sooner with the help of friends, family and anyone in your network contributing to your down payment online. Learn more about HomeFund it™ and set up your free campaign today.
5 Ways to Decorate Your Front Porch for Fall  |
CMG Financial’s Dave Herbst Named 2022 HousingWire Insider |
CMG Financial’s Dave Herbst, VP, All In One Loan Finance, was honored as a 2022 HousingWire Insider. “The [HousingWire] Insiders award spotlights the industry professionals who are essential to the performance and success of their organizations,’ writes Lesley Collins, Program Manager for HousingWire’. “It's clear that this year’S winners are driving big growth within their organizations and have the metrics to back their successes,” writes Collins.
CMG Financial’s Dave Herbst Named 2022 HousingWire Insider  |
It's Still a Good Time to Buy; Here's Why |

It's Still a Good Time to Buy; Here's Why

Blog posted On September 20, 2022

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Since the beginning of the year, countless articles have claimed that it's the worst time to buy a home. Their reasoning?

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It's Still a Good Time to Buy; Here's Why  |
Market Update: Rates Rise; Housing Starts and Building Permits, Existing Home Sales, and FOMC Announcement Coming Up This Week |

Market Update: Rates Rise; Housing Starts and Building Permits, Existing Home Sales, and FOMC Announcement Coming Up This Week

Blog posted On September 19, 2022

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Mortgage rates trended higher last

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Market Update: Rates Rise; Housing Starts and Building Permits, Existing Home Sales, and FOMC Announcement Coming Up This Week   |
Closing Day Checklist for Home Buyers |
Closing Day Checklist for Home Buyers Blog posted On September 14, 2022 You are finally about to close on your dream home! As closing day gets closer you may be stressed that you may be forgetting something important for the big day. By making a closing day checklist, you can eliminate the stress and prepare for a smooth day. You did the hard work to get to closing day, and you are on your way to getting the keys to your new home. Don't let little things hold up the big day! Sources: Realtor Zillow.
Closing Day Checklist for Home Buyers |
CMG Financial Named a Best Mortgage Company to Work for Once Again |

CMG Financial Named a Best Mortgage Company to Work for Once Again

News posted On September 14, 2022

SAN RAMON, CA - CMG Financial, a well-capitalized privately held mortgage banking firm headquartered in San Ramon, CA, has been recognized for the second consecutive year as a Best Mortgage Company to Work For. On September 4th, 2022, Wells Fargo’s Equity Research Division put out an Industry Update

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Whether You’re Headed Back to The Office or Working Remote, Here’s How We Can Help |

Whether You’re Headed Back to The Office or Working Remote, Here’s How We Can Help

Blog posted On September 13, 2022

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Labor Day has always been an unofficial end to summer. Pools have shut down, kids have headed back to the

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Whether You’re Headed Back to The Office or Working Remote, Here’s How We Can Help |
CMG Financial Increases Conforming Loan Limits Across Channels |
CMG Financial Increases Conforming Loan Limits Across Channels News posted on September 13, 2022 SAN RAMON, CA. The new increase reflects the expected one-unit conforming loan limit for 2023. The official maximum will be announced by the Federal Housing Finance Agency (FHFA) later this year.CMG Financial currently operates in all states, including D.C. and holds federal agency lending approvals with HUD, VA, RHS, NHS, GNMA, FNMA and FHLMC. The company currently holds federal lending approvals. The firm also... more
Market Update: Rates Unchanged; Consumer Price Index Coming Up This Week |

Market Update: Rates Unchanged; Consumer Price Index Coming Up This Week

Blog posted On September 12, 2022

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Mortgage rates ended last week relatively unchanged from the week before, or slightly lower

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Market Update: Rates Unchanged; Consumer Price Index Coming Up This Week   |
CMG Financial’s Tara Pettersen Named 2022 HousingWire Woman of Influence |
CMG Financial's Tara Pettersen Named 2022 HousingWire Woman of Influence News posted On August 05, 2022 Since joining CMG in 2014, Tara has made a distinct impact both professionally and personally. With her talent and experience, she transformed the entire compliance department by redesigning its framework, hiring and training over 50 new team members, and establishing a risk management department. Despite the massive growth she's overseen in her department, Tara still prioritizes building strong relationships... more
Why Researching School Districts When Buying a Home is Important |
The top factors that most buyers look for are price, location, and a good neighborhood with amenities. Top-rated school districts normally mean safer neighborhoods. Good school districts can affect your child’s academic success and give them access to extracurricular activities and offer better options for children who have specific learning needs or learning disabilities. Top Rated Schools = Better Resale Value Homes are typically always going to be in higher demand.
Why Researching School Districts When Buying a Home is Important |
Home Prices Cooled at Fastest Recorded Pace in June |
In June, the annual pace of home price appreciation slowed by two percentage points. More houses are becoming available and fewer buyers are actively purchasing, easing the pressure to make offers over asking price. The supply of homes for sale has jumped 22% in the past two months, according to Black Knight. The Job Openings and Labor Turnover Survey (JOLTs) fell below expectations. The number of job openings and voluntary quits decreased in June. The employment report coming out this Friday will be very important.... more
Home Prices Cooled at Fastest Recorded Pace in June |
Market Update: Rates Fall; Construction Spending and Jobs Reports Coming Up This Week |
Market Update: Rates Fall; Construction Spending and Jobs Reports Coming Up This Week Blog posted on August 01, 2022 Mortgage rates took a sharp downward tumble last week. The Federal Open Market Committee (FOMC) announced another aggressive rate hike, and the GDP estimate showed another negative number for Q2 of 2022. It may sound confusing that a sharp rate hike would be a contributor for lower mortgage rates. But the Federal Reserve’s benchmark rate does not directly dictate the movement. The market has... more
Market Update: Rates Fall; Construction Spending and Jobs Reports Coming Up This Week |
6 Tips on How to Reduce Greenhouse Gas Emissions at Home |
Many parts of the world are experiencing extreme heat waves this summer. Your state and the federal governments offer incentives and tax breaks for the use of renewable energy. When replacing your current appliances be on the lookout for the Energy Star labels. Don’t be discouraged by the price tag – what you’ll end up saving will be worth it in the long run. Getting a tankless water heater installed can help you reduce your electric bill by almost $20 per month. By reducing the use for just two loads... more
6 Tips on How to Reduce Greenhouse Gas Emissions at Home |
4 Ways to Avoid Overpaying in the Current Housing Market |
Because the market was so competitive, most people who wanted to 'win the home' would end up paying much more than the listing price. As home buyer demand cools and home inventory climbs, overbidding will become much less common. "As the market shifts, buyers need to focus on their local market rather than getting swept up in national trends." Existing homes, which make up roughly 90% of home sales, saw an inventory increase of 9.6% from May to June - up to a 3-month supply at the current sales pace. With home... more
4 Ways to Avoid Overpaying in the Current Housing Market |
Market Update: Rates Fall; New Home Sales and Fed Interest Rate Decision Coming Up This Week |
Market Update: Rates Fall; New Home Sales and Fed Interest Rate Decision Coming Up This Week Blog posted On July 25, 2022 Last week, mortgage rates trended down to two-week lows due to weak economic data in the U.S. and announcements from the European Central Bank. The Philadelphia Fed Index resulted in a chart that pointed to big economic weakness, which is good news for interest rates. Lower rates in Europe can influence rate trends in the U.S. The new home sales report tracks the sales of newly constructed... more
Market Update: Rates Fall; New Home Sales and Fed Interest Rate Decision Coming Up This Week  |
How Your Rent Payments Can Help You Qualify for a Mortgage |

How Your Rent Payments Can Help You Qualify for a Mortgage

Blog posted On July 21, 2022

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One of the biggest obstacles for first-time home buyers is their limited credit history. Credit history is a big factor in the mortgage application process. However, we’re now offering an alternative solution

... more
How Your Rent Payments Can Help You Qualify for a Mortgage |
5 Ways to Decorate Your New Home on a Budget |
5 Ways to Decorate Your New Home on a Budget Blog posted On July 20, 2022 Moving into a new home is an exciting process, but sometimes decorating it can be an extremely daunting and expensive task. Below are five things you can do to help decorate your new home on a budget. Decorating a new home can be overwhelming, so it helps to have a plan before getting the process started. A lot of the things that you already own will likely work in your new home. For your first home, consider going to secondhand stores... more
5 Ways to Decorate Your New Home on a Budget |
4 Things to Know About the Current Housing Market |
4 Things to Know About the Current Housing Market Blog posted On July 19, 2022 2022 has been a whirlwind for the housing market. Several market conditions are beginning to shift in favor of home buyers. Danielle Hale, chief economist at Realtor.com, shed some light with four things buyers should know about the current housing market. As inventory increases, it's likely that prices will be forced lower, and buyers will have more options on the market. Regardless of what's going on in the market, it has to be... more
4 Things to Know About the Current Housing Market |
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