Category: Real Estate Financing

08 Jun 2017

Qualifying for a Home Loan is Getting Easier!

Good news out of Fannie Mae… the debt-to-income ratio when qualifying for a Conventional Home Loan is being raised from the current 45% to 50% come July 29th, 2017. This could mean additional buyers now qualify for a Conventional Loan versus having to go FHA. The main benefit of Conventional is a lower ongoing Mortgage […]

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10 Jan 2017

FHA Monthly MIP Reduced in 2017!

GREAT NEWS!!! Effective January 27th, the monthly Mortgage Insurance Premium (MIP) on FHA Home Loans is reducing by a quarter point. That means more affordability for FHA Buyers going forward. With the FHA loan limit being $275,665 here in Maricopa County, that would save someone $689 annually when maxing out their FHA loan. With prices […]

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05 Dec 2016

2017 Loan Limits Increased – Maricopa County

Good news for the Housing Market in 2017… loan limits throughout Maricopa County have been increased. With prices having been on the rise the past few years, this will help keep traditional financing methods in play. For FHA borrowers, the new limit will be $275,665 up from $271,050 the past few years and conventional buyers […]

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02 Nov 2016

FHA Financing Expanding for Condos & Townhomes

Back in July of this year, new legislation carved the path for changes to be made in the world of buying a condo or townhome. FHA Financing has been difficult or impossible to obtain when buying in many condominium complexes around the country, especially since the recession years. You see, there have long been requirements […]

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17 Jul 2016

Down Payment Assistance Programs

Down Payment Assistance Programs In today’s market, we are still seeing quite a few buyers needing some help to buy a home. Sometimes that means they have funds for down payment, but need closing cost assistance so we negotiate for concessions from a seller. However, some borrowers have good income and credit, just no money […]

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