There is another vote today at Noon in the Senate for a Continuing Resolution to resume government operations for another three weeks while an appropriations bill can be negotiated and passed. If the CR is passed, it would still need to be approved by the
Beginning with closings in 2018, the new Fannie Mae and Freddie Mac Conforming loan limit is $679,650. In “high cost areas” such as Washington DC, Montgomery County, MD. and Prince George’s County, MD, it’s possible to buy a home for $715,420 with 5% down…as long
It can be great to get a new job but many people don’t know it can also affect your loan application. Check out this great article to see how a new job can impact your application
On Monday, the Federal Housing Administration announced it would be reducing monthly mortgage insurance premiums on loans closing or disbursing January 27th or later. This change means more borrowers may be eligible to purchase a home through the FHA in 2017. The FHA provides government
Purchased or refinanced a home in 2016? Find out the tax benefits available to you as a homeowner. For most people, the annual task of completing income taxes is about as exciting as a visit to the dentist’s office. BUT…homeownership typically means increased tax deductions,
Last week, the Federal Housing Finance Agency (FHFA) announced loan limits would increase for the first time since 2006. For over 10 years, the maximum loan limit for single family homes has been $417,000 in most counties across the country. In 2017, the loan limit
Homebuyers are often not aware of how an innocent transaction such as making a credit card purchase or moving cash from one bank to another can jeopardize the mortgage pre-qualification process. Please be aware of the common areas that need special attention: Review your credit
As a home buyer, you may have more options than you realize to finance your investment. Figuring out which loan suits your needs requires research. Your Loan Officer will assess your situation and walk you through all of your choices. However, it never hurts to