Some good news from the Federal Housing Administration (FHA) today as they announced the new 2023 FHA loan limits. Most of the nation will see an increase, according to a new letter from HUD. FHA calculated 2023’s forward mortgage limits based on the median home prices in accordance with the …Read More
FHA Home Loan News, Tips & Information
New 2023 FHA Loans Limits Announced
FHA has released the new 2023 loan limits for this year. Nearly all counties across the nation saw an increase as expected. This is great news for homebuyers utilizing FHA financing as now their borrowing potential is higher. For 2023, the FHA mortgage limits were set to $472,030 for a …Read More
Oklahoma Jumbo Financing Options
Recent data regarding median home values in Oklahoma City show an affordable $198,000 in 2023. This is up 13% from last year. Throughout the greater metropolitan area, including Moore, Norman, Midwest City, and Edmond, the median value falls somewhat lower to $150,000. This is significantly higher compared to 10 years …Read More
FHA 203(h) Loan For Home Rebuild-Replacement
The FHA Section 203(h) program allows The Federal Housing Administration (FHA) to provide home financing to victims of a major disaster who have had their homes substantially damaged or flooded. Hurricane Ian recently devastated Florida from coast to coast. Naples, Fort Myers, Key West, all the way to Orlando, and …Read More
Florida Teacher Home Loan Programs
Good news for Florida Teachers – FHA and USDA offers some great mortgage programs available for public service workers that require little to no money down. Whether you are a pre-kindergarten or a 12th-grade teacher, now you can easily realize your homeownership dream. Let’s take a deeper dive to find …Read More
Florida 100% USDA Rural Housing Loan
Are you located in a more rural area of Florida? If so, maybe the 100% USDA home loan can benefit you. Some background – The USDA Rural Development Home Loan is the last remaining no down payment government-insured mortgage program for Florida civilians. The USDA mortgage program is designed to …Read More
5% Down Payment Jumbo Virginia
Good news for homebuyers purchasing luxury properties around Richmond, Arlington, Virginia Beach, etc, that exceed the standard conventional and FHA loan limits. 5% down payment jumbo loans are once again available through select lenders and banks in Virginia. Qualified buyers can now finance up to 95% LTV for loan amounts up to …Read More
5 Percent Down Jumbo Financing in Louisville
5 Percent Down Jumbo Financing in Louisville: Interest rates have been in or near historic lows for more than three years now and jumbo rates have followed suit along with their conforming cousins. This means borrowers financing a jumbo purchase in Louisville, Kentucky can leverage their purchases and holding onto …Read More
FHA Mortgage Lenders, Pre Approval Tallahassee
FHA mortgage loans are a great choice for Tallahassee first-time home buyers. In this article, we will talk briefly about what FHA does, and the benefits of the FHA mortgage program. First and foremost, FHA does not actually lend people money direct; they only insure the loan with approved lenders …Read More
Jacksonville FHA Lending Loan Limits, Guidelines
The FHA (Federal Housing Administration) is the largest insurer of mortgages in the world, backing over 34 million properties since the 1930’s. FHA provides mortgage lenders with insurance on all loans funded in refinancing or purchasing a home. Mortgage companies are in a sense protected or insured should a buyer …Read More