VA Escrow Holdback Renovation Loan Available

VA Escrow Holdback Renovation Loan Military veterans now have access to a great VA - RENOVATION ESCROW HOLDBACK HOME LOAN.  This home loan option is much like the FHA 203k, HOMEStyle, escrow holdbacks and Jumbo Renovation Loans that we offer but now - for eligible veterans using a VA Home Loan. Veterans can use this VA Escrow Holdback Renovation loan to finance the cost of either required repairs and/or desired improvements to a home.  The great news is that this product is available for … [Read more...]

2017 Conventional Loan Limits Increase – $424,100

Conventional Loan Limits Increase for 2017 Fannie Mae has increased the max Conventional Loan limit for 2017.  This is the first Conventional loan limit increase since 2006! As of January 1, 2017 the maximum allowable Conventional loan limit for Fannie Mae Conventional will be $424,100. (up from $417,000) Here is a table direct from Fannie Mae’s website showing the new maximum loan limits.  The one that we most often deal with is the $424,100.   This is the limit that used to be … [Read more...]

Tucson – Pima County Down Payment Assistance Mortgage

Down Payment Assistance for Tucson-Pima County Living in Pima County/Tucson area and wishing you had access to a great down payment assistance program? Your time has come! The Pima-Tucson Homebuyer’s Solution Program is a new down payment assistance program available in Pima County. The Pima-Tucson Homebuyer’s Solution Program is open to all homebuyers that are purchasing a primary residence. The program can be combined with a Conventional (Freddie Mac), FHA, USDA and VA home loan … [Read more...]

HOME Plus Down Payment: 2 Very Different Versions

HOME Plus Down Payment Assistance: 2 Options The HOME Plus Down Payment Assistance Program has been a great tool for those needing some down payment assistance.  When using the Conventional version of the program, there are 2 different varieties available.  One of the versions of this highly utilized down payment assistance program has lowered it's grant amount by 1%. HOME Plus - 2 Conventional Options The HOME Plus Program has several different varieties (FHA, VA, Conventional etc...). … [Read more...]

Deferred Student Loan Mortgage Solutions

Deferred Student Loans & Mortgage Approval If you have had the misfortune of having a student loan payment derail your home loan pre-approval, do not give up yet!  Far too many mortgage lenders do not keep up with the rapid changes with student loans.  Whether it be on a Conventional Loan, FHA Loan or VA Loan there are multiple methods a lender can use to determine what student loan payment needs to be counted against you.   Lets look at Conventional Financing and how to get through … [Read more...]