Great news for first-time homebuyers and other homebuyers who want to purchase a home with a lower down payment and credit score requirements. Starting January 1, 2023, the new FHA loan limit will be $472,030 for a single-family home in most parts of the country....
In response to increased home prices in 2022, the Federal Housing Finance Agency (FHFA) has announced a 12.21% increase to the baseline “conforming” conventional loan limit for mortgages to be acquired by Fannie Mae and Freddie Mac in 2023. As of 1 January 2023,...
Homebuyers who would like to purchase a home with a lower down payment or credit score in 2022 can now finance a higher cost home. The Federal Housing Administration (FHA) has announced a 7.4% increase to the low-cost and high-cost area loan limits for FHA home...
Good news for the nation’s homebuyers facing increased home prices. The Federal Housing Finance Agency (FHFA) has announced an 18.05% increase to the baseline conforming loan limit for Fannie Mae and Freddie Mac home loans financed in 2022 for nearly every U.S....
In recognition of those who have served our country, the Department of Veteran Affairs (VA) provides lifetime benefits for qualified veterans, active-duty personnel, reserve members, National Guard members, and some surviving spouses. As long as you restore your...
A VA home loan is a mortgage loan backed by the Department of Veteran Affairs (VA) to assist veterans, active-duty service members, reserve members, National Guard members, and some surviving spouses, become homeowners. The VA stipulates the type of properties that...
Homebuyers wanting to purchase a home with a lower down payment or credit score in 2021 can now finance a higher cost home. The Federal Housing Administration (FHA) has announced a 7.4% increase to the low-cost and high-cost area loan limits for FHA home loans...
Here’s some good news for the nation’s homebuyers facing increased home prices. The Federal Housing Finance Agency (FHFA) has announced a 7.5% increase to the baseline conforming loan limit for Fannie Mae and Freddie Mac home loans financed in 2021 for nearly every...
A Home Equity Line of Credit is a loan that establishes a line of credit (amount you can borrow) based on the equity in your home. You borrow the amount you choose for the purposes you choose when you choose to, with no impact on your current first mortgage. Many...
In recognition of your service, the Department of Veterans Affairs financially backs home loans for Veterans, Active Duty Service Members, National Guard, Reserves and some surviving spouses. VA home loans can be used to buy a single-family home or condo, purchase...