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…
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Mortgage Programs
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…
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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…
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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…
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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…
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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%…
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Do Higher Mortgage Rates Mean ARM Loans Are Now Better?
Are rising mortgage rates and housing prices bringing back the Adjustable Rate Mortgage (ARM) loan? Well, they never completely went away, but they’re making a comeback. Sort of. Before the mortgage melt-down, at the peak of the market in June 2005, ARM loans accounted for 77% of all loans made in the US according to CoreLogic. They accounted for only 4% of all the loans in the US by the end of 2016. Quite a swing but not surprising. Fixed rates were under 4% for a long time, and there wasn’t a good…
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How is an FHA Loan Different From a Conventional Mortgage
Now that you've decided to jump into the home buying process, it's time to face the alphabet soup of mortgage loans. From the outside, it looks like a jumble of meaningless letters, acronyms, and silly names like FHA, VA, Fannie Mae, and Freddie Mac. What do they all mean and how do you know which one is right for you? In this blog post, I'm going to help you learn some primary differences between an FHA loan and conventional loans, which includes Fannie, Freddie, and Jumbo loans. Be prepared - many of the…
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Can I Buy A Home Before Selling My Current Home?
If you have lived in your current home for a few years and thinking of moving up, i.e. buying a bigger and better home, the question that you are most likely thinking is - "Can I buy that home before selling my current home?" Advantages of Selling before Buying: You won't have to qualify for two mortgages at the same time. You will have more cash to put down on the new home (assuming you have built some equity in your current home). Since you would know exactly how much you netted from…
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Top 5 Mortgage Trends for 2018
There's always a lot going on in the world that impacts mortgages, with global and national news popping up throughout the year to surprising effect -- both positively and negatively. But at the outset of 2018, here are the 5 major mortgage trends sure to have an impact. #1 Tax Reform and Jobs Act of 2017 The new Tax Reform bill was signed into law by President Trump on December 22, 2017, but the impact it may have on mortgages and real estate in 2018 is a hot topic of speculation. The new…
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