Mortgage Programs

InstaMortgage Announces $937,500 High Balance Conforming Loan Limit

InstaMortgage, one of the fastest-growing mortgage companies in America, announced that they are increasing the high balance conforming loan amount to the anticipated 2022 loan limit of $937,500 in several counties in the country. Other mortgage lenders are still offering the 2021 loan limit capped at $822,375. The new loan limits are effective immediately and borrowers applying to InstaMortgage can avail of the new loan amounts right away. The higher loan limits are now live for high-cost counties in the states of California (CA), Idaho (ID), Maryland (MD), New Jersey (NJ), Pennsylvania (PA),…
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InstaMortgage Announces $625,000 Conforming Loan Limit for all Counties

  While all the other mortgage lenders are offering a base conforming limit of only $548,250 for 1-unit, InstaMortgage announced that they will allow conforming loans up to $625,000 for all the counties where the conforming loan limit is only $548,250. How does this work? If you are buying or refinancing a home in a county where the conforming loan limit is only $548,250, you can now qualify for up to a $625,000 loan amount following the same guidelines. The loans will still be backed by the same government agencies - Fannie Mae…
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15 Year Mortgages: Are They Worth It?

For most buyers, a 30-year mortgage is a first and only option when it comes to borrowing to buy a home. However, whenever it is possible, a 15-year mortgage is the ideal choice for some homebuyers who are able to afford higher monthly payments. As suggested by the timeline in the name, this mortgage gives those homeowners the ability to pay it off in half the usual amount of time. That can be a big burden off of their shoulders and can save thousands, or possibly tens of thousands of dollars of interest…
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How to Qualify for a Mortgage with an IRS Repayment Plan in 2021

  Whether you filed your completed taxes this April or an extension, you should already know your tax liability for the past year. If, despite your withholding or quarterly payments, you owe more than you can pay all at once, don’t panic. It’s not the end of the world even if you’re planning on applying for a mortgage right now. It’s always been possible to obtain a mortgage while you’re on a repayment plan for past tax liability by getting an FHA mortgage. FHA loans, insured by the Federal Government, require borrowers to…
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2021 CONFORMING LOAN LIMITS FOR WASHINGTON (WA)

2021 Conforming Limit Washington is $548,250 and goes up to $776,250 for high-cost counties for one-unit properties. 2021 Conforming Limit Washington for 2-unit properties is $702,000 and goes up to $993,750 for high-cost counties. View 2022 Conforming Loan Limits for all counties of Washington state 2021 FHA Mortgage Loan Limits for Adams County 1 Unit – $548,250 2 Unit – $702,000 3 Unit – $848,500 4 Unit – $1,054,500 2021 FHA Mortgage Loan Limits for Asotin County 1 Unit – $548,250 2 Unit – $702,000 3 Unit – $848,500 4 Unit – $1,054,500 2021…
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2021 Conforming and FHA Loan Limits

2021 will see an increase in both the Conforming and FHA loan limits. Increases in home prices across the U.S. have led to an increase in conforming loan limits. The Federal Housing Finance Agency (FHFA) has announced the maximum conforming loan limits (CLLs) for mortgages acquired by Fannie Mae and Freddie Mac in 2021. The 2021 conforming loan limit will increase to $548,250 for one-unit properties. This will be applicable to most of the United States and constitutes a 7.42% increase from 2020’s limit.  High-cost counties like San Francisco, CA will see the…
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2021 FHA LOAN LIMITS FOR WASHINGTON (WA)

2021 FHA Limit Washington is $331,760 and goes up to $741,750 for high-cost counties for one-unit properties. 2021 FHA Limit Washington for 2-unit properties is $424,800 and goes up to $949,600 for high-cost counties. Looking For FHA Loan Limits 2022 Washington Counties? ⇒ 2021 FHA Mortgage Loan Limits for Adams County 1 Unit – $331,760 2 Unit – $424,800 3 Unit – $513,450 4 Unit – $638,100 2021 FHA Mortgage Loan Limits for Asotin County 1 Unit – $331,760 2 Unit – $424,800 3 Unit – $513,450 4 Unit – $638,100 2021 FHA Mortgage…
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2021 CONFORMING LOAN LIMITS FOR VIRGINIA (VA)

2021 Conforming Limit Virginia is $548,250 and goes up to $822,375 for high-cost counties for one-unit properties. 2021 Conforming Limit Virginia for 2-unit properties is $702,000 and goes up to $1,053,000 for high-cost counties. View 2022 Conforming Loan Limits for all counties of Virginia State 2021 Conforming Loan Limits for Accomack County 1 Unit – $548,250 2 Unit – $702,000 3 Unit – $848,500 4 Unit – $1,054,500 2021 Conforming Loan Limits for Albemarle County 1 Unit – $548,250 2 Unit – $702,000 3 Unit – $848,500 4 Unit – $1,054,500 2021 Conforming Loan…
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How to Apply for an FHA Loan in 2021? Who can Qualify?

How to apply for and who can qualify for an FHA loan in 2021? FHA loans offer incredible alternatives for first-time homebuyers and existing homeowners. Traditional fixed and adjustable-rate FHA mortgages for homes continue to exist, but special opportunities which include energy-efficient incentives, graduated payments, and reverse mortgages are also available in 2021. While we provide an overview of available FHA loan products and qualification guidelines below, a personalized assessment is the best way to find the loan product that will work best for you and your home-owning situation. Learn about the difference…
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2021 CONFORMING LOAN LIMITS FOR TEXAS (TX)

2021 Conforming Limit Texas counties is $548,250 and for 2-unit properties is $702,000. See below the list of all 2021 Conforming Limit Texas counties for 1, 2, 3, and 4 Unit properties. Looking For 2022 Conforming Loan Limits for Texas?  Click Here 2021 Conforming Loan Limits for Anderson County 1 Unit – $548,250 2 Unit – $702,000 3 Unit – $848,500 4 Unit – $1,054,500 2021 Conforming Loan Limits for Andrews County 1 Unit – $548,250 2 Unit – $702,000 3 Unit – $848,500 4 Unit – $1,054,500 2021 Conforming Loan Limits for Angelina County 1 Unit – $548,250 2…
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