The Federal Housing Finance Agency (FHFA) recently announced that the maximum baseline conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2021 will increase to $548,250 from $510,400. This makes five … [Read more...] about 2021 Brings Higher Conforming Loan Limits
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Santa Barbara Jumbo Home Financing: New Restrictions
Many active home buyers are probably aware that mortgage options, especially Jumbo loans, have become more restrictive in recent months. Lenders continue to adjust mortgage program guidelines in response to the economic impacts … [Read more...] about Santa Barbara Jumbo Home Financing: New Restrictions
Mortgage Lending Guideline Changes & COVID-19
Everyone has faced many changes and challenges over the last month due to the COVID-19 pandemic. The mortgage industry is no different and has seen many changes in regards to underwriting and loan approval requirements. Minimum … [Read more...] about Mortgage Lending Guideline Changes & COVID-19
100% Doctor Mortgage Programs
New Doctor mortgage programs have emerged to include lower down payment options. Medical professionals have 100% financing options available for loan amounts up to $600,000. 95% Jumbo financing is also available for much greater … [Read more...] about 100% Doctor Mortgage Programs
Jumbo Loan Refinance? Now Might Be The Time
It's no secret mortgage interest rates are currently at their lowest levels ever as of March 2020. In fact, CNBC just reported that refinance applications have spiked 79% just this week alone. This is the highest level in over 10 … [Read more...] about Jumbo Loan Refinance? Now Might Be The Time
Loan Limits For Each Mortgage Program Explained
Today there are many choices when it comes to home mortgages. Nearly all loan programs will have limits in place depending on many different variables. In this post, we will discuss the loan limits for each mortgage program and … [Read more...] about Loan Limits For Each Mortgage Program Explained
San Bernardino County Jumbo Loan Chart
Each new year brings many changes and the mortgage industry is no different. Lending guidelines change frequently and one of those early-notice changes is the new conforming mortgage loan limits that take effect on January 1 of … [Read more...] about San Bernardino County Jumbo Loan Chart
High Cost Area Loan Limits Increased in 2020
For those who are somewhat familiar with the mortgage industry, they probably have heard the terms “conforming” and “jumbo.” These two terms refer primarily to loan approval guidelines. A conforming loan is one that meets … [Read more...] about High Cost Area Loan Limits Increased in 2020
2021 Jumbo Loan Home Buyers Guide
Mortgage interest rates have managed to stay low and the high-end housing market has remained steady, with noticeable growth in select locations in California, Florida and North East. The expansion of low down payment programs and … [Read more...] about 2021 Jumbo Loan Home Buyers Guide
Just Updated 2021 Conforming Loan Limits
The new 2021 Conforming Loan Limits have just been published by Fannie Mae. Buyers can look up their state and county loan limits below. Most of the nation saw an increase of $37,850 in the conventional loan amount limits. Overall … [Read more...] about Just Updated 2021 Conforming Loan Limits