Inaccurate Bankruptcy Discharge Dates & VA Home Loans

Often, we receive urgent"I NEED HELP" calls from clients who receive bad news from their current lender.  The most common type of these calls involve a loan officer missing a tiny yet key detail that has led to some unfortunate circumstance for a buyer.   One such call involved a VA home loan and an inaccurate chapter 7 bankruptcy discharge date. Apply for a VA Home Loan Now Team@JeremyHouse.com 602.435.2149 Auto Underwriting Systems & VA Borrowers Credit VA home loan rules require VA … [Read more...]

Soybeans Push Mortgage Rates Lower?

Thanks to soybeans, air planes and cars – mortgage rates may drop.  Of course I am referring to China’s proposed $50 billion in US trade tariffs on aircraft, autos and Edamame. Apply for a Home Loan  Team@JeremyHouse.com 602.435.2149 Stocks, Bonds & Home Loan Interest Rates Why would this news make mortgage rates possibly drop?  We call it a “flight to quality”.   Here is how it works.  Consider the following truths: Investors can invest in Stocks or Bonds Stocks represent the … [Read more...]

VA Condo Financing Hidden Hurdle

Financing a condo has always been a unique process.  VA condo financing (just like Conventional, FHA, JUMBO condo financing) has an added layer of underwriting.  Lurking in the added layer is a rare but deal breaking circumstance that can restrict the veteran's ability to finance a condo with a VA home loan. Apply for a VA Home Loan Now Team@JeremyHouse.com 602.435.2149 Approving the Condo Project is Nothing New Condo financing is unique based on the need for the entire HOA/condo project … [Read more...]

2018 Maximum VA Loan Amount | $453,100

VA maximum loan amounts are rising along side Conventional Loan limits.  Effective January 1, 2018 the maximum 0% down VA home loan limit is $453,100 for non high cost areas.  The max VA loan increase is due to the Federal Housing Finance Agency's increase to "Conforming Loan Limits" for 2018.         Search for Max Loan Limit by County: County Search Apply for a VA Home Loan Now Team@JeremyHouse.com 602.435.2149 VA Home Loan Max Limit 2018 Effective … [Read more...]

2018 Conventional Loan Limit Arizona | $453,100

It is official!  2018 Conventional Loan Limits increase for the 2nd year in a row.  Starting on January 1, 2018 the new maximum Conventional Loan limit for Maricopa County is $453,100.  This is also the new maximum Conventional loan limit for all non high cost areas of the United states for 2018. In addition, VA maximum loan limits have increased for 2018 based on the fact that VA maximums follow Conforming Maximum limits set by the FHFA. In 2017, FHA announced their max loan limit increase … [Read more...]