Jumbo loans are those that exceed the limits of Fannie Mae or Freddie Mac loans since they are the two entities that purchase a majority of the loans written. This means in most areas, conforming loan limits are $417,000. There are a few areas where the maximum is increased to $625,000 before jumbo Read more
Archives for May 2016
Understanding Requirements for USDA Loans
USDA loans are one of the least recognized loans available to consumers today, yet they provide the most benefits. It is true that these loans are only available in areas considered rural, but the USDA has a broader version of rural than most people would assume, making it a readily available Read more
Everything About FHA 203K Renovation Loans
Everyone recognizes FHA loans and their many benefits, but what many people do not realize is that the FHA also offers another program that is very beneficial for homeowners. FHA 203K loans are rehabilitation loans that combine with your purchase money or refinance money to give you the power to Read more
Do You Meet VA Loan Requirements?
Veterans that served our country deserve many things, including the ability to obtain easy financing for their home. VA loans provide that easy financing with lucrative terms, easy-to-qualify-for guidelines, and low costs. The VA guarantees these loans, but does not fund them; the lender that writes Read more
Your Guide to Subprime Loans
Subprime loans disappeared off of the market immediately following the housing crisis, but with the new mortgage guidelines and higher confidence levels of everyone in the industry, they are available again. You will find stricter guidelines and less flexibility in the programs than before, but they Read more
