Over the past month, some lenders have rushed to fund loans with a higher conforming loan amount in advance of the actual official release from the Federal Housing Finance Agency (FHFA). The preliminary $625,000 loan amount was shy by a fair amount. Obviously, the lenders were being conservative ... » Learn More about Newly Released Conforming Loan Limits For 2022
FHA Loan Limits
New Maximium Conforming Loan Limits for 2019
The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2019. In most of the U.S., the 2019 maximum conforming loan limit for one-unit properties will be $484,350, an increase from $453,100 in ... » Learn More about New Maximium Conforming Loan Limits for 2019
2018 Conforming Loan Amounts Increase for Second Time Since the Housing Crisis
The Federal Housing Finance Agency increased the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac for the second time since the housing crisis. The FHFA announced that it is increasing the conforming loan limits from $424,100 to $453,100 for 2018. Fannie ... » Learn More about 2018 Conforming Loan Amounts Increase for Second Time Since the Housing Crisis
Trump Already at Work – Suspends FHA Mortgage Insurance Premium Reduction
[cherry_row] [cherry_col size_md="12"] HUD announced 1 hour after President Trump was sworn in that the recent reduction of the FHA Mortgage Insurance Premiums(MIP) has been suspended. This falls in line with what I indicated could happen in my blog FHA Drops Mortgage Insurance Rates – But ... » Learn More about Trump Already at Work – Suspends FHA Mortgage Insurance Premium Reduction
FHA Drops Mortgage Insurance Rates – But Will It Stick?
FHA took a bold step into 2017, announcing that they will reduce the annual mortgage insurance premiums most borrowers will pay by a quarter of a percent. What was really bold is they decided to do it a month after HUD Secretary Julian Castro indicated that even though the FHA reserves were at 2.3%, ... » Learn More about FHA Drops Mortgage Insurance Rates – But Will It Stick?