a Great news for first-time homebuyers who want to purchase a home with a lower down payment and credit score requirements. Starting January 1, 2024, the new FHA floor loan limit will be $498,257 for a single-family home in most parts of the country. In high-cost...
In response to escalating home prices in 2023, the Federal Housing Finance Agency (FHFA) has announced a 5.5% increase to the baseline (conventional) conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac in 2024. As of 1 January 2024, the base...
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...
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...