When first time home buyers sign their very first sales contract, they’ll soon discover the process moves rather quickly. There are multiple people involved all providing various services and documents all in time to meet the closing date. For anyone experiencing something for the first time, it’s definitely a learning …Read More
FHA Home Loan News, Tips & Information
5 Jumbo Loan Myths Busted
It’s relatively easy to get a general idea on what it takes to qualify for a conforming loan, a loan that conforms to Fannie Mae and Freddie Mac’s lending guidelines. Nearly two out of every three conforming mortgages issued today are of the Fannie and Freddie variety. Each conforming loan …Read More
Four Things to Avoid When Applying For Mortgage
Buying your very first home is a combination of a little excitement and anticipation. You can do all the research you want but until you get ready to take the leap and speak with your loan officer, you’ll soon discover there’s probably a bit more to it than just filling …Read More
New 2021 FHA Loan Limits
The Federal Housing Administration (FHA) announced today the maximum loan limits will increase in 2021. The loan limit in lower-cost areas will be $356,362, or about 65 percent of the national conforming loan limit of $548,250. In high-cost areas, the limit will be higher at $822,375. FHA-insured reverse mortgages will …Read More
Higher Conforming Loan Limits For 2021
It’s an annual tradition that happens in the fourth quarter of each and every year. Well, maybe not a tradition in the sense of a holiday but the mortgage industry certainly takes notice. What is this event? Back in 2008 as part of the Home Equity Recovery Act, or HERA, …Read More
2019 Mortgage Rates Forecast – FHA, USDA, VA
Mortgage rates are in a constant flux. Consumers aren’t really aware of these intra-day movements, but mortgage lenders certainly are. While rates can move up or down every so slightly during the business day, it’s the longer term trend that can affect home buyers savings. Interest rates have been moving …Read More
Cost Involved In Purchasing a Home
Many home buyers are interested in the actual cost involved in purchasing a home. In this post below we will discuss some common things, and not so common things you want to keep in mind when making a home purchase. Buyers that have questions about applying for a loan can reach out …Read More
Financing Energy Efficient Improvements
Whether buying or refinancing, there are options that allow borrowers to make energy efficient upgrades with their homes. Whether it’s for a new HVAC system or something as simple as replacing inefficient windows with thermal ones, there are ways to leverage today’s mortgage rates and finance the costs of these …Read More
FHA or VA Loan the Better Choice For Mobile Ala Home buyers?
Mobile, Alabama, the county seat of Mobile County, is Alabama’s only saltwater port and the hub of its economic engine. The Port of Mobile was originally an important trading post between the French who colonized the region and the local Native Americans. Today, it’s the 12th largest port in all …Read More
Financing Luxury Homes in Tampa (Updated)
Tampa, Florida is located in Hillsborough County and was originally a United States Army outpost named Fort Brooke. In fact, the original settlement spot was located right where the convention center is today. Tampa also boasts three major sports franchises, the Tampa Bay Buccaneers, NHL’s Tampa Bay Lightning and the …Read More