Purchasing a property in need of repair can be a good way to save some money on a home that has all of the attributes you really want and the potential to become something you love. How will you pay for the repair work to make it into the home of your dreams? An FHA...
For first-time homebuyers or those with not a lot of down payment, you might be looking for options for a mortgage. Are there options that provide either zero or low down payment alternatives? If you can’t come up with a 10% or 20% down payment, as most...
2019 FHA Loan Limits For 1-Unit, 2-Unit, 3-Unit, 4-Unit Homes Every year, loan limits for FHA rise slightly to compete with inflation, which is good news! As of 2019, FHA-insured mortgages are now available for loan sizes up to $726,525 for one-unit homes. FHA loan...
It’s a great time to refinance, and I’m not just saying that. The proof is in the pudding. Refinances rose 7% in January according to the Mortgage Bankers Association. Mortgage applications increased by 29% the first couple of weeks in January. This is...
Great news for home buyers in the new year! The Government Sponsored Enterprise or GSE, which is also commonly referred to as Fannie Mae and Freddie Mac, publicly traded companies helping banks and lenders by purchasing conforming loans, have announced an increase to...