Great economic news for FHA loan customers starting in 2020. According to an announcement from the FHA, the 2020 FHA loan limit for most of the country will be $331,760, an increase of nearly $17,000 over 2019’s loan limit of $314,827.That loan limit applies to much of the country, with the … [Read more...]
Conforming Loan Limits JUMP UP AGAIN in 2020
Conforming Loan Limits will JUMP UP AGAIN in 2020. The Federal Housing Finance Agency announced Tuesday that it is raising the conforming loan limits for Fannie Mae and Freddie Mac to more than $510,000.In most of the U.S., the 2020 maximum conforming loan limit will be raised to $510,400, up … [Read more...]
FHA moves to limit cash-out refinances
For the first time in a decade, FHA cash out refinance limits have been slashed from 85% to 80% of your home's value. If this 5% cut won't help you achieve your goals then let's see if you are able to consider other loan programs that may provide the cash you need.Call us to discuss your options … [Read more...]
Mortgage brokers provide lower rates and increase consumer home buying power
Here's a great article for anyone wanting to understand how working with an independent mortgage brokerage like A Plus Mortgage may benefit them. Enjoy and come join our family!Article Credits Date: April 29, 2019 Author: Alyssa Stringer Publication: … [Read more...]
