2019 Conforming Loan Limits for all the Counties in Washington

Conforming and High Balance loan limits for most Washington state (WA) counties went up for 2019. Base conforming loan limit went up to $484,350 and the High Balance loan limit went up to $726,525. See below the list of all counties in Washington with 2019 loan limits for 1, 2, 3, and 4 Unit properties. ADAMS COUNTY  • 1 Unit - $484,350 • 2 Unit - $620,200 • 3 Unit - $749,650 • 4 Unit - $931,600 ASOTIN  COUNTY  • 1 Unit - $484,350 • 2 Unit - $620,200 • 3 Unit -…continue reading →

2019 Conforming Loan Limits for all the Counties in New York

Conforming and High Balance loan limits for most New York (NY) counties went up for 2019. Base conforming loan limit went up to $484,350 and the High Balance loan limit went up to $726,525. See below the list of all counties in New York with 2019 loan limits for 1, 2, 3, and 4 Unit properties. ALBANY COUNTY  • 1 Unit - $484,350 • 2 Unit - $620,200 • 3 Unit - $749,650 • 4 Unit - $931,600 ALLEGANY COUNTY  • 1 Unit - $484,350 • 2 Unit - $620,200 • 3 Unit…continue reading →

2019 Conforming Loan Limits for all the Counties in Texas

Conforming and High Balance loan limits for all Texas (TX) counties went up for 2019. Base conforming loan limit went up to $484,350. See below the list of all counties in Texas with 2019 loan limits for 1, 2, 3, and 4 Unit properties. ANDERSON COUNTY  • 1 Unit - $484,350 • 2 Unit - $620,200 • 3 Unit - $749,650 • 4 Unit - $931,600 ANDREWS COUNTY • 1 Unit - $484,350 • 2 Unit - $620,200 • 3 Unit - $749,650 • 4 Unit - $931,600 ANGELINA COUNTY  • 1 Unit - $484,350…continue reading →

2019 Conforming Loan Limits for all the Counties in New Jersey

Conforming and High Balance loan limits for most New Jersey (NJ) counties went up for 2019. Base conforming loan limit went up to $484,350 and the High Balance loan limit went up to $726,525. See below the list of all counties in New Jersey with 2019 loan limits for 1, 2, 3, and 4 Unit properties. ATLANTIC COUNTY  • 1 Unit - $484,350 • 2 Unit - $620,200 • 3 Unit - $749,650 • 4 Unit - $931,600 BERGEN COUNTY  • 1 Unit - $726,525 • 2 Unit -$930,300 • 3 Unit -$1,124,475…continue reading →

2019 Conforming Loan Limits for all the Counties in California

Conforming and High Balance loan limits for most California counties went up for 2019. Base conforming loan limit went up to $484,350 and the High Balance loan limit went up to $726,525. See below the list of all counties in California with 2019 loan limits for 1, 2, 3, and 4 Unit properties. Alameda County: 1 Unit - $726,525 2 Unit -$930,300 3 Unit -$1,124,475 4 Unit - $1,397,400 Alpine County: 1 Unit - $484,350 2 Unit - $620,200 3 Unit -  $749,650 4 Unit - $931,600 Amador County: 1 Unit - $484,350…continue reading →

2019 Conforming Loan Limits for 1, 2, 3, and 4-Unit Properties

Federal Housing Finance Agency (FHFA) recently announced new and improved 2019 loan limits for Conforming and High Balance mortgages. As a result of generally rising home values, the increase in the baseline loan limit, and the increase in the ceiling loan limit, the maximum conforming loan limit will be higher in 2019 in all but 47 counties or county equivalents in the U.S. Here is the link to a PDF file with 2019 Conforming and FHA Loan Limit for every county in the US For a Map showing 2019 Loan Limit for every…continue reading →

Recasting A Mortgage – Should You Do It?

Just when you think you’ve learned all there is about mortgages; someone asks you if you’ve ever considered recasting. What in the world is that, you wonder? Should you consider it? Is it something you need to do? And where can you find the answers for all of these questions? In this blog post we’ll explain recasting, why someone might want to recast, and alternatives to recasting. Like most financial options, what works for you might not work for someone else. But it’s easier to determine your best path when you have all…continue reading →

The Complete Guide to Qualifying for the HomeReady Program

Haven't saved quite enough money for a down payment on a home? How about zero money of your own saved, but your family will gift you money towards a down payment? Or maybe there's no possibility of receiving a gift of money from anyone in your family - but you still want to buy a house. Is there any hope? You'll be happy to know there are more paths to homeownership now than ever before. You might qualify for the Freddie Mac Home Possible, or Home Possible Advantage mortgage programs we talked about…continue reading →

The Complete Guide to Qualifying for the Home Possible Program

Saving to buy a home while you watch prices and interest rates increase feels like an impossible goal. You checked into FHA loans and learned it only requires 3 ½% of the purchase price as a down payment. But then you learned about the high, and permanent, mortgage insurance premiums. No thanks. Well, don't give up on your dream of homeownership! Consider these loans offered by Freddie Mac: the Home Possible loan requiring a minimum of 5% (of the purchase price) down payment and the Home Possible Advantage, allowing a minimum of 3%…continue reading →

Mortgage Rate Recap and Predictions For Week Ending October 19th, 2018

Yesterday the Fed released the Beige Book which contained an even stronger emphasis on the impact of tariffs and labor shortages than the previous two publications. Along with that, all twelve districts in the U.S. said the economy is expanding moderately or at a moderate pace in their region. The issue of labor shortages isn't new news, but employers are stepping up their enticements to try and lure potential job candidates, which include job training and no drug testing. They aren't, however, increasing wage levels but offer non-cash benefits to entice workers. Pending…continue reading →