FHA published the 2017 mortgage limits this afternoon. They follow the limits outlined in the FHFA announcement last week. The new FHA limits apply to case numbers assigned on or after January 1st, 2017. The new single-family “floor” is $275,665 and the new maximum loan amount in high cost areas is $636,150. For the Dallas-Fort Worth […]
Read More FHA to Increase Loan Limits 2017!
Check out the new release below. Conforming loan limits will increase from $417,000 to $424,100 in 2017. This is the first increase in almost 10 years. FHFA Announces Increase in Maximum Conforming Loan Limits for Fannie Mae and Freddie Mac in 2017 FOR IMMEDIATE RELEASE 11/23/2016 Washington, D.C. The Federal Housing Finance Agency (FHFA) today […]
Read More Conforming Loan Limits to increase from $417k to $424k in 2017!
Yes! In addition to VA & USDA we have the Wealth Builder Loan What Is the Wealth Building Loan? Designed as an equity-creating mortgage option, the Wealth Building Loan requires no down payment and offers offers eligible borrowers a 7-1 Adjustable Rate Mortgage with a 20-year amortization. Wealth Building Loan Benefits The Wealth Building Loan […]
Read More Can you buy a home with NO down payment?
Answer: To remove private mortgage insurance you must be up to date with your monthly payments. And you have to reach the date when the principal balance of your mortgage is scheduled to fall to 80 percent of the original value of your home. GREAT info from the CFPB’s original article – here To remove private […]
Read More Can I Remove Mortgage Insurance from My Loan?
Great news friends – homebuyers in the DFW metro (and surrounding areas) will see increased purchasing power thanks to FHA’s decision to increase loan limits beginning his January (2016). Previously the max loan amount for Dallas – Fort Worth area was $310,500 which means buyers could buy a $321,750 home by putting the very minimum down. However, as of […]
Read More FHA Increased DFW Area Loan Limit! and other useful FHA tidbits
You’ve worked hard to achieve your professional goals—now let me help you achieve your home ownership dreams. New low down payment home loan available for doctors and dentists who have recently completed their residency, the Medical Professional Program allows you to finance your home before you start your new job – that’s right, BEFORE you start your new […]
Read More Low Down Payment Home Loans for Doctors & Dentists!
You served your country. Now let me and your country return the favor with special financing just for veterans. VA loans reward veterans for their service and sacrifice on behalf of our country in a number of ways. What Is A VA Loan? VA loans are a special type of home mortgage reserved for active […]
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Refinancing while divorcing is a very hard thing to do. Emotionally and financially, it can be very stressful. Finding an experienced mortgage lender in the state of Texas who is capable of handling this delicate situation is essential. Texas is a common law state and if you are married and own Real Estate that is considered your primary […]
Read More The Owelty Lien – aka the Divorce Lien
Great news friends – homebuyers in the DFW metro (and surrounding areas) will see increased purchasing power thanks to FHA’s decision to increase loan limits beginning January 2015. Currently the max loan amount for DFW area is $287,500 which means buyers may buy a $297,900 home by putting the very minimum down. However, as of […]
Read More FHA Loan Limits Increased! And other FAQ’s
Fiscal Year End Conversion Process Due to Increase in Annual Fee On October 1, 2014 the annual fee for both purchase and refinance loans will increase from .4% to .5%. This change is required to maintain a neutral cost of the program. The USDA annual fee is paid monthly as part of your USDA mortgage payment. […]
Read More USDA Fees to Increase…..tomorrow!