by Andy Davis | Feb 14, 2019 | Mortgage Information, VA Mortgage
Below is a list of VA Approved Condos in Cape Coral. For an updated list visit the official VA website at https://vip.vba.va.gov/portal/VBAH/VBAHome/condopudsearch VA Approved Condos Cape Coral Condo Name ID Record Type BARCLAY BAY CONDOMINIUM 000813 Condo TUSCANY VILLAGE CONDOMINIUM 001396 Condo Source:...
by Andy Davis | Feb 14, 2019 | Mortgage Information, VA Mortgage
Below is a list of VA Approved Condos in Fort Myers. For an updated list visit the official VA website at https://vip.vba.va.gov/portal/VBAH/VBAHome/condopudsearch VA Approved Condos Fort Myers Condo Name ID Record Type ABACO AT TORTUGA 000381 Condo ANDROS AT TORTUGA 000895 Condo BAY WOODS NEIGHBORHOOD 001130 Condo GLASTONBURY AT THE PLANTATION 000296 Condo GOLF CONDOS AT LONGPOND 001506 Condo ISLAND PARK VILLAGE III CONDO 000803 Condo KELLY GREENS SINGLE FAMILY III 001221 Condo OSPREY COVE CONDOMINIUM 000728 Condo ROYAL WOODS CONDO 000978 Condo SANTA LUZ 000250 Condo THE VILLAGE H03893 Condo Source:...
by Andy Davis | Feb 5, 2019 | FHA Mortgage, Mortgage Information, Other Information, VA Mortgage
PONTIAC, Mich., Jan. 8, 2019 /PRNewswire/ — United Wholesale Mortgage (UWM), the No. 1 wholesale lender in America for four consecutive years, has made a major change to its pricing philosophy, now providing mortgage brokers with the best rates and pricing in America. UWM has been consistently competitive in terms of rates, regularly ranking near the top of most rate comparisons, but was recognized by mortgage brokers more for its fast and easy processes than offering the best pricing. Now, UWM’s rate sheet is expected to outshine all of its wholesale competitors, in addition to continuing to set the gold standard for service, process, technology and partnership tools. “Perception has always been that a lender can’t deliver it all – the best service, great technology, a true partnership, and have the best pricing too – but now they can have it all,” said Mat Ishbia, President and CEO of United Wholesale Mortgage. “We’ve shattered expectations. If a mortgage broker has a borrower with a 640+ FICO, it should be a UWM loan.” UWM has removed all state adjustments and many Loan Level Price Adjustments (LLPA), as well, offering the best pricing on every loan with a 640 FICO and above. The major pricing improvement follows other recent pricing initiatives that UWM has brought to market, including its Jumbo Bank Buster program (cheapest jumbo rates) and its lower Borrower-Paid M.I. rates. UWM finished 2018 with $41.5 billion in total loan volume, an all-time high for the company, making up nearly a quarter of the entire wholesale industry’s market share. That production represents a 40% year-over-year growth, making UWM the fastest-growing lender in...
by Bob Vaughan | Dec 19, 2018 | FHA Mortgage, Mortgage Information
The new year will bring higher mortgage loan limits for FHA Mortgage Loans. FHA announced the new mortgage loan limits for 2019 will increase across the majority of the country to $314,827 from $294,515. These changes will go into effect on Jan. 1, 2019. The FHA Mortgage Loan Limit in Lee County will be $314,827 The FHA Mortgage Loan Limit in Charlotte County will be $314,827 The FHA Mortgage Loan Limit in Collier County will be $450,800 Our company is a full service mortgage company offering FHA Mortgage Loans, Conventional Mortgage Loans, VA Mortgage Loans, USDA Mortgage loans and Jumbo mortgage loans in the state of Florida. If you have any questions about mortgage loans, please call our office at 239-691-6546!...
by Bob Vaughan | Dec 5, 2018 | FHA Mortgage, Mortgage Information, Other Information
After not increasing the maximum conforming loan limits on mortgages to be acquired by Fannie Mae and Freddie Mac for 10 years, the Federal Housing Finance Agency has now increased the conforming loan limit for the third year in a row. On November 27th, the FHFA announced that it is increasing the conforming loan limit for Fannie and Freddie mortgages in nearly every part of the U.S. According the FHFA, the conforming loan limits will rise from 2018’s level of $453,100 to $484,350 for 2019. That’s an increase of 6.9%! As stated above, this marks the third straight year that the FHFA has increased the conforming loan limits after not increasing them for a period of 10 years (from 2006 to 2016). Back in 2016, the conforming loan limits were increased from $417,000 to $424,100. Then, in 2018, conforming mortgage loan limits were raised from $424,100 to $453,100. And now, the FHFA is doing it again, increasing the loan limit from $453,100 to $484,350 for 2019. The conforming loan limits for Fannie and Freddie are determined by the Housing and Economic Recovery Act of 2008, which established the baseline loan limit at $417,000 and mandated that, after a period of price declines, the baseline loan limit cannot rise again until home prices return to pre-decline levels. But, according to the FHFA, home prices are still on the rise. The FHFA’s third quarter 2018 House Price Index report, showed that home prices rose 6.9%, on average, between the third quarters of 2017 and 2018. Therefore, the maximum conforming loan limit in 2019 will increase by the same percentage to $484,350. The conforming mortgage...