It is easy to show your love on Valentine’s day. Sure, it may be hard to get a reservation at your favorite restaurant, but the world conspires to remind you why you liked someone in the first place. There is no shortage of chocolate, flowers or greeting cards to lavish someone with attention; and that is a good thing. And it is important to remember that Valentine's Day is not just about romantic love. It's an appropriate time to recognize all the people we care about. However, people who … [Read more...]
Conventional Loan Limits 2019
Conventional Loan Limits 2019 increased, see below chart The Federal Housing Finance Agency (FHFA) publishes annual conforming loan limits that apply to all conventional mortgages delivered to Fannie Mae and Freddie Mac including general loan limits and the high-cost area loan limits. High-cost area loan limits vary by geographic location. In South Florida, Miami-Dade, Broward & Palm Beach the loan limits are as follow: … [Read more...]
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Multi Family Primary Residence Conventional Home Possible 3% Down
Multi Family Primary Residence Conventional Mortgage with as little as 3% Down. New program allows home buyers to buy a Multi Family primary residence with only 5 % down payment. Home Possible is a new program that allows home buyers to buy a Multi Family Primary home with only 5% down, not like regular conventional that requires 15%-25% down Payment. The other benefits are Reduced MI Insurance, Reduced Rate. FHA multifamily Primary Home requires only 3.5% down Download the Home … [Read more...]
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FHA Loan Limits 2019
The Federal Housing Administration announced its new loan limits for 2019. Most will see an increase. In south Florida Tri County Single Family FHA Loan Limits are up from $345,000 to $356,500. See slide for multi family FHA is required by the National Housing Act, as amended by the Housing and Economic Recovery Act of 2008, to set single-family forward loan limits at 115% of median house prices, subject to a floor and a ceiling on the limits. FHA calculates forward mortgage limits … [Read more...]
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