Tag Archive for: loan limits

A Guide to FHA Loan Limits and Requirements in Texas

Whether you're a first-time homebuyer in the Lone Star State or looking to refinance your current mortgage, understanding the ins and outs of FHA loans in Texas can help you make an informed decision.Read More

What Salary Do You Need To Afford A $250,000 Home?

When it comes to buying a home, one of the first questions that arise is, "How much can I afford?" And if you've set your eyes on a $250,000 home, understanding your financial capability is crucial. Buying a home is a significant financial commitment and various factors can influence your affordability.Read More

2024 Loan Limits For Texas Homebuyers

The 2024 loan limits in Texas present a diverse landscape for homebuyers and investors. With higher loan limits set by Fannie Mae and Freddie Mac and the absence of loan limits for VA loans, the Texas real estate market offers a range of opportunities. Whether you're considering a primary residence or an investment property, these changes in loan limits are critical for informed decision-making.Read More

2024 Conforming Loan Limits Just Announced!

The Federal Housing Finance Agency (FHFA) has announced an $40,350 increase in the baseline conforming loan limit for mortgages backed by Fannie Mae and Freddie Mac to $766,550 in 2024. This represents a 5.5% increase from the 2023 conforming loan limit of $726,200.Read More

FHA Just Got Even MORE AMAZING! (MIP Cut By 30 Basis Points!!)

I used to blog quite often about how advantageous FHA loans are for a variety of reasons – In Defense of FHA/Misconceptions Persist. The reasons include: 1. Rates much lower […]Read More

2023 Conforming Loan Limits Surge To Over $1 MILLION! Some Interesting Perspective

1994’s Limit Was $203,150 When I got into the mortgage business in 1994, the conforming loan limit was $203,150. Adjusting for inflation, that is about $408,000 today (almost exactly 2x […]Read More

What Is A Jumbo Loan In California?

A jumbo loan in California is a loan amount that exceeds the conforming county loan limits set by the Federal Housing Finance Agency (FHFA). A jumbo loan is a conventional (not government-insured) mortgage loan.Read More

Conforming Loan Limits In California 2022

The U.S. Median Home Price has increased over 15% this year in California, and the FHFA increased the Conforming Loan Limits significantly. Check out the limits here.Read More

5 Reasons Why The New FHA Loan Limits Will DESTROY Our Economy!

A first-time homebuyer can now buy a $1 million home with only 3.5% down! This is because the FHA just released its new loan limits for 2022: (1) Low Balance […]Read More

2022 Conforming Loan Limits Increase

U.S. median home prices continue to increase – so it is no surprise that the Federal Housing Financing Agency (FHFA) has increased the Conforming Loan Limits significantly. Conforming loan limits […]Read More

How Much Can I Borrow For A Home Loan

It is crucial for a homebuyer to understand how much you can borrow when you applying for a loan. This question is one of the biggest on every potential homebuyer’s […]Read More

New Reasons to Buy Now; Conforming Loan Limit Reminders

THE CRAZIEST THING HAPPENED LAST WEEK… A seller in an extremely hot market agreed to $15,000 of credits and concessions after the inspection reports came back. We are still seeing […]Read More

No VA Loan Limits! FHA and Conforming Loan Limits Way Up!

VA LOAN LIMITS ELIMINATED – 2020 When “VA loans” first surfaced in 1944, the average cost of a house was only $8,600, making “loan limits” a nonconcern for the most […]Read More

Conforming Loan Limits Way Up For 2018; What It Means

Fannie and Freddie recently announced their 2018 Loan Limits, and they went up significantly. The “Low Balance” limit for a one-unit property jumped from $424,100 to $453,100. And the “High […]Read More