Loan Limits Increase in 2019!

by | 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...

VA Approved Condos In Broward County Florida (Updated 8/8/2017)

by | Aug 8, 2017 | Other Information, VA Mortgage

    Below is a list of condos in Broward County Florida that are currently approved for VA financing per the VA portal:   Condo Name ID Record Type 7 EAST H00149 Condo ALPINE WOODS ESTATES H05567 Condo ALPINE WOODS VILLA H05566 Condo AMBASSADOR SQUARE H10292 Condo AQUA ISLES CONDOMINIUM 612626 Condo ARROWHEAD GOLF & TENNIS 192900 Condo AVENTINE AT MIRAMAR H11575 Condo BAYVIEW VILLAGE A-F 000470 Condo BAYWOOD VILLAGE H03654 Condo BAYWOOD VILLAGE II- A,B,C & D 000643 Condo BEACON PLACE H07944 Condo BELMONT AT N LAUDERDALE H11428 Condo BELMONT AT NORT LAUDERDAL H11433 Condo BOARDWALK AT VIZCAYA H11666 Condo BOARDWALK AT VIZCAYA 001073 Condo BRIDGEWATER-PLANTATION 21100H Condo BROOKFIELD SQUARE H04193 Condo CALYPSO CAY CONDO H11485 Condo CARRIAGE HOMES-TERRAMAR H00059 Condo CARRINGTON @ H11620 Condo CASCADES OF LAUDERHILL H11391 Condo CASCADES-LAUDERHILL H08309 Condo CHATEAU DEVILLE H04930 Condo CHATHAM TOWNE H00169 Condo CIRCLE VILLAS H02987 Condo COBBLESTONE H11722 Condo COBBLESTONE II 000315 Condo COCONUT CREEK H05403 Condo COLONIES H03877 Condo COLONY COURTS H00079 Condo CORAL GATE H00019 Condo CORAL ISLE 000123 Condo CORAL RIDGE COUNTRY CLUB H00009 Condo CORAL RIDGE GALT H00007 Condo CORAL SPRINGS 001500 Condo CORAL SPRINGS COUNT CLUB H00006 Condo CORAL SPRINGS GARDEN EAST H00005 Condo CORAL SPRINGS TOWNHOMES H00004 Condo CORAL TOWERS H00010 Condo COUNTRY CLUB CHALET H00003 Condo COUNTRY SQUIRE H00081 Condo COUNTRY VILLAGE H04073 Condo COURTYARDS 612671 Condo CYPRESS BEND ALL PHASES H05407 Condo CYPRESS CHASE NORTH H00021 Condo CYPRESS CHASE NORTH CONDO H10326 Condo CYPRESS GLEN TOWNHOMES 196803 Condo CYPRESS POINTE III 612511 Condo CYPRESS RUN TOWNHOMES 002503 Condo CYPRESS RUN TOWNHOMES 002502 Condo CYPRESS RUN TOWNNOMES 002501 Condo CYPRESS TREE H05150...

FHA Approved Condos In Charlotte County (Updated 7/18/2017)

by | Jul 18, 2017 | FHA Mortgage, Mortgage Information, Other Information, Real Estate

    Below is a list of condos in Charlotte County that are currently approved for FHA financing per the department of HUD website:   Condo Name Address Composition of Project Expiration Date WATER’S EDGE @ HERITAGE OAK PA WATER OAK DRIVE PORT CHARLOTTE, FL 33948 Name: Water’s Edge at Heritage Oak Park; Project: Five 2-story Buildings, consisting of 52 units....