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…continue reading →


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…continue reading →

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…continue reading →


Conforming Limits 2021 Florida is $548,250 and goes up to $608,350 for high-cost counties for one-unit properties. Conforming Limits 2021 Florida for 2-unit properties is $702,000 and goes up to $778,800 for high-cost counties. View 2022 conforming loan limit Florida - All counties 2021 Conforming Loan Limits for Alachua County 1 Unit – $548,250 2 Unit – $702,000 3 Unit – $848,500 4 Unit – $1,054,500 2021 Conforming Loan Limits for Baker County 1 Unit – $548,250 2 Unit – $702,000 3 Unit – $848,500 4 Unit – $1,054,500 2021 Conforming Loan Limits for Bay…continue reading →

Ginnie Mae Proves to be the Forbearance Exception

The number of borrowers on the Coronavirus-forbearance are down but the Ginnie Mae market is proving to be an exception to the rule. The weekly report of the Mortgage Bankers Association for the week closing Sep 13 revealed a drop of 8 basis points for loans under forbearance. However, Ginni Mae’s securitized loans inched up by 3 basis points over the same period.  Ginnie Mae’s hike in forbearance share implies a retardation in the job market’s comeback, believes Mark Fratantoni, the Chief Economist of MBA. Covid-19 has thrown off-kilter the main clients of…continue reading →

Mortgage Credit Availability Hits Lowest Point in Six Years

Mortgage credit availability has declined considerably, reaching the lowest point it has reached in six years, according to the Mortgage Bankers Association (MBA). The Mortgage Credit Availability Index (MCAI) dropped to 120.9 in August, which is a 60.8 point decrease from August 2019 (181.7). MCAI Trend (Source: Mortgage Bankers Association) Joel Kan, the MBA’s Vice President of economic and industry forecasting, remarked that uncertainty around the job market and its future was likely to be the reason behind tightening credit. When lending standards become tighter, fewer mortgages are available and fewer still borrowers…continue reading →

Forbearance Plateaus after a 10-Week Long Fall

The coronavirus-related forborne rate of mortgages plateaued between Aug. 17 and Aug. 23, says the Mortgage Bankers Association. On the heels of a 10-week long fall, the rate finally held at 7.2% for the above mentioned week. In figures, this is equivalent to 3.6 million mortgages. Over the same period, the forborne rate of mortgages fell to 7.41% from 7.43% for the independent mortgage servicers.   Mike Fratantoni, Senior VP and Chief Economist for MBA, issued in a press release that "The share of loans in forbearance was unchanged, as the decline in the share…continue reading →

Foreclosures Fall, Starts Pick up in a Few States

The Coronavirus-related moratorium has resulted in mortgage foreclosure activity posting an 83% deficit over its performance a year ago, says Attom Data Solutions. Compared to June, the numbers reveal a 4% decline. Over the first 6 months of the current year, the mortgage foreclosure activity has been 44% lesser than the same time last year. Compared to the same duration in 2018, the fall is 54%. In numbers, what this says is that one out of every 15,337 properties in America has filed for foreclosure in 2020. This number was one in every…continue reading →

Forborne Mortgage Numbers Drop Again; Albeit at a Lower Rate

The number of mortgages hitting forbearance has come down for a 6th consecutive week. The speed of fall has slowed down though. Forbearances triggered by the Coronavirus declined by 6 basis points  (7.8% to 7.74%) between 13th and 19th July, confirms the Mortgage Bankers Association. For the independent mortgage providers, the loans sitting in forbearance climbed to 7.85% from 7.83%. The MBA’s senior vice president (and chief economist) Mike Fratantoni suggested, "Although the GSE portfolio of loans in forbearance should continue to improve, Ginnie Mae's portfolio saw an uptick of both loans in…continue reading →

Mortgage Forbearance Sees Biggest Drop Since Cares Act Became a Law

A significant part of active forbearance plans slated to expire in June has not been extended, leading to the biggest weekly drop  (435,000) in the volume of mortgage borrowers under forbearance.  Andy Walden, Black Knight’s Economist and Director of Market Research, suggested that "this latest decline in the number of homeowners in active forbearance is an encouraging sign of continued improvement". Notably, those servicing government-guaranteed loans were asked for by the government relief stimulus to grant residential borrowers an extension of forbearance, in case they asked for it.  For the week ending June…continue reading →

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