FHFA ANNOUNCES MAXIMUM CONFORMING LOAN LIMITS FOR 2019

FHFA ANNOUNCES MAXIMUM CONFORMING LOAN LIMITS FOR 2019 Fannie Mae and Freddie Mac Baseline Limit Will Increase to $484,350 FOR IMMEDIATE RELEASE 11/27/2018 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2019. In most of Read more about FHFA ANNOUNCES MAXIMUM CONFORMING LOAN LIMITS FOR 2019[…]

Annual Mortgage Insurance Premiums

FHA Suspends Reduction of Annual Mortgage Insurance Premium

And just like that it is gone….. The FHA has suspended the annual reduction of Annual Mortgage Insurance Premiums. For the full story you can click here. This is how quick things can change in the mortgage world and why it is so important to use a dependable lender who stays abreast these important updates. Read more about FHA Suspends Reduction of Annual Mortgage Insurance Premium[…]

First Time Home Buyers

FHA REDUCES ANNUAL MORTGAGE INSURANCE PREMIUMS

Great news for borrowers using the FHA loan program in the Charleston, SC area; effective January 27th 2017, the Federal Housing Administration has announced there will be a significant reduction in mortgage insurance premiums rate for the majority of new FHA insured mortgages. The annual MIP rate is being reduced by 25 basis points (.25%). Read more about FHA REDUCES ANNUAL MORTGAGE INSURANCE PREMIUMS[…]