A Florida jumbo loan is a mortgage where the loan amount is above the conforming limit. Because such a large amount is being borrowed lenders can charge slightly higher interest rates for these loans. Conforming loan limits vary based on your location, and are higher in areas of the country …Read More
FHA Home Loan News, Tips & Information
Austin, Travis County Jumbo Loan Changes
Some new loan updates have recently come out for Austin home buyers that require Jumbo home financing. The new programs are allowing greater down payment flexibility, in some cases up to 95% financing. In this post we will look at all the latest updates homebuyers will want to know. First, …Read More
Pittsburgh Reduced Down Payment Jumbo Loans
Jumbo mortgage options have recently expanded in Pittsburgh-Allegheny County over the last few years. The new programs today include low down payment financing structures with only 10% and 5% down for approved home buyers. In addition, the programs are not limited to only Jumbo purchase transactions but also include rate-term …Read More
Denver 95% Jumbo Financing Programs Revised
Many Denver home buyers today require higher loan amounts just not offered through FHA or Conventional mortgage programs. Additionally, many of these buyers do not have the 20% down payment required by most lenders and banks on their jumbo loans. Colorado home buyers now have new Jumbo financing solutions up …Read More
2024 First Time Buyer Programs Florida
Mortgage interest rates have increased in recent years, but remain at levels low enough to make home-buying affordable. More Florida first-time buyers are seeing the advantages of buying a home and building equity versus renting. In this post below we look at the most popular 2024 first-time buyer programs in …Read More
2024 FHA Qualifying Guidelines
The FHA loan program is a mortgage loan that is insured by the Federal Housing Administration (FHA). The federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments. In addition to FHA, the federal government also has …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
Daytona Beach FHA Loan Limits and Requirements
The housing market in Daytona Beach remains strong with the median listing home price selling for $260K. First-time buyers make up a large percentage of homebuyers, especially for properties selling for less than $350K. Today buyers can still purchase a home today with a very little down payment. In fact, …Read More
Reasons Why Millennials Should Purchase a Home
Millennials have officially taken over as the driving economic force today. As more and more baby boomers face retirement and are no longer in the workforce it’s the millennial who will wield the purchasing power. This age group ranging from 18 to 34 or so which also means their buying …Read More
95% Jumbo Home Financing Las Vegas
95% Jumbo loans are back in Las Vegas. This is great for home buyers who need to borrow more than the conventional or FHA loan limits permit and have a limited down payment. The current 2024 conventional loan limit in Nevada is $766,550. FHA is capped at $498,257 in Clark …Read More