FHA vs Conventional Loans

Conventional Loans are home loans that conform to the underwriting guidelines set by the Government Sponsored Entities, Fannie Mae and Freddie Mac.  In the past, conventional loans were only for elite borrowers that had 20% or more for their down payment. Times have since changed opening up great new programs for low to middle income… Read more »

Top 3 Myths About Using a Mortgage Broker

Mortgage Broker Myth #1 One of the biggest myths of using a Mortgage Broker is that they do not have control of the underwriting process. Many retail lenders and banks claim this because they have employees that underwrite the file whereas a mortgage broker works directly with the end investor to underwrite the file. Retailers… Read more »

2019 FHA Loan Limits

FHA Loan Limits Increased for 2019 On December 14, 2018, FHA increased the FHA Loan Limits for new case numbers assigned on or after January 1, 2019. The FHA loan limits have increased from 2018 FHA loan limits of $294,515 to the new floor of $314,827 for 1 UNIT properties. Related: See our FHA Mortgage… Read more »

2019 Conventional Loan Limits

The Federal Housing Finance Agency (FHFA) announced increased loan limits for the 2019 calendar year for Conventional Home Loans. The maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2019 will be effective for all loans sold on or after January 1st, 2019. ┬áIn most of the U.S.,… Read more »