VA Loan Limits Eliminated
The National Association of Realtors and the Department of Veterans Affairs have recently eliminated the conforming loan limit on a VA loan. The Blue Water Navy Vietnam Veterans Act now allows homebuyers to borrow above the 2019 limit of $484,350 without any down...
What Are Some Low Down Payment Mortgage Options?
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...How to Get Out of the YGRENE HERO-PACE Loan
YGRENE is the same PACE program for Northern California homes whereas the HERO home loan is for Southern California. Both are similar programs but it’s important to understand each and how to get out of it if you have gotten yourself into one thinking it...
Do Reverse Mortgages Put People at Risk for Losing Their Home?
Often referred to as America’s most hated home loan, reverse mortgages are actually making a comeback and they’re not as risky as a lot of people think they are. There’s a lot of common misconceptions about a reverse mortgage, the main one being the...
FHA Loan Limits for Multi-Use Unit Homes
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...
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Here you’ll find tips, updates on mortgage laws and changes that can affect your loan or approval. Check back often for more great ideas.