Fannie Mae and Freddie Mac Loan Limit Rises 5.38%
With this year’s rise, the loan limit has increased for the fourth year in a row after ten years of stagnation between 2006-2016. Despite no movement in the ten year period prior, the loan limit has risen $93,400 since 2016. In 2016, the FHFA increased the conforming loan limits from $417,000 to $424,100. Then, the following year, the FHFA increased the loan limits from $424,100 to $453,100 starting in 2018. The year after that, the FHFA increased the loan limit from $453,100 to $484,350 for 2019. Mortgages originated in 2020 will have a limit of $510,400. Year-over-year this marks the 3rd highest raise since 2016. 2016-2017: 1.70% increase ; 2017-2018: 6.84% increase ; 2018-2019: 6.90% increase ; 2019-2020: 5.38% increase...Five Big Financial Reasons to Own Your Home
There are many reasons why consumers decide to buy their own home instead of renting. Of course many factors such as housing market, whether you have a high or low interest rate, and personal timing go into account, but below are a few financial positives of being a home owner. Owning your home forces you to save. Paying your mortgage and building equity in your home forces you to save money. Owning your home allows you to save on taxes. If you own your home, your monthly housing expenses are locked in through a consistent monthly payment based on your interest rate. If you were to rent, depending on your agreement your payment could be raised by a landlord. In most parts of the country renting is more costly than owning your own home. Getting a low interest rate allows your mortgage payments to cost less than what some landlords would be charging. Local real estate markets in Lee County and Collier County are part of this trend. This is the only investment you can make financially that will have increased personal connection. What other investment will you make that you will live inside of other than your primary residence? Building equity in your home while creating life long memories doubles the...Florida Home Value Rise Beats National Average
According to Zillow, the rate in price increase among Florida homes will beat the nation’s average over the next year. Home values in Florida are up 4.64% this year with an expected increase of 4.09% next year. Nationally, Zillow expects the value of homes to rise 2.2% over the next 12 months. Low interest rates are causing the local real estate market to heat up substantially. Understanding the affect of increasing home prices and low mortgage rates will allow informed investors to make sound decisions in this hot housing...VA Approved Condos Collier County
Below is a list of VA Approved Condos in Collier County. For an updated list visit the official VA website at https://vip.vba.va.gov/portal/VBAH/VBAHome/condopudsearch VA Approved Condos Collier County Condo Name ID Record Type CARLTON LAKES 001133 Condo COUNTRY MANOR 5 001244 Condo COUNTRY MANOR 8 001263 Condo IRONSTONE AT THE QUARRY 000300 Condo NAUTICA LANDING AT THE QUARRY 000302 Condo TOWNHOMES AT TRAFFORD H11614 Condo VERANDA IV AT CEDAR HAMMOCK 000721 Condo VERANDAS AT TIGER ISLAND III 000404 Condo VISTA I @ HERITAGE BAY H11689 Condo VISTAS III @ HERITAGE BAY H11615 Condo WORLD TENNIS CLUB CONDOMINIU 000723 Condo Source:...VA Approved Condos Lee County
Below is a list of VA Approved Condos in Lee County. For an updated list visit the official VA website at https://vip.vba.va.gov/portal/VBAH/VBAHome/condopudsearch VA Approved Condos Lee County Condo Name ID Record Type ABACO AT TORTUGA 000381 Condo ANDROS AT TORTUGA 000895 Condo BARBADOS I AT SOMERSET 001075 Condo BARCLAY BAY CONDOMINIUM 000813 Condo BAY WOODS NEIGHBORHOOD 001130 Condo BELLAVISTA AT GULF HARBOR 000887 Condo CHESAPEAKE COVE AT HAWTHORNE 001380 Condo COACH HOMES I BONITA NATIONAL 001270 Condo COCONUT SHORES VI 612332 Condo EAST GREENS CONDOMINIUM 000804 Condo EAST PALMS H00915 Condo GLASTONBURY AT THE PLANTATION 000296 Condo GOLF CONDOS AT LONGPOND 001506 Condo GOLFWOOD 1CONDOMINIUM 000812 Condo ISLAND PARK VILLAGE III CONDO 000803 Condo KELLY GREENS SINGLE FAMILY III 001221 Condo LAGUNA LAKES CONDO 000660 Condo MUSA @ DANIELS CONDO H11604 Condo MYSTIC GARDENS H11605 Condo OSPREY COVE CONDOMINIUM 000728 Condo PINEWOOD 000916 Condo PRINCIPIA GARDEN VILLAS H11606 Condo RENAISSANCE H11607 Condo ROYAL WOODS CONDO 000978 Condo SANTA LUZ 000250 Condo SEVEN LAKES ASSOCIATION H11608 Condo ST. ANDREWS VERANDAS III 000838 Condo STONEYBROOK CONDOMINIUM 001424 Condo SUMMERLIN TRACE H04240 Condo SUMMERLIN WOODS H00471 Condo SUNSET POINTE OF FT MYERS H11506 Condo TARPON PASS II CONDOMINIUM 001295 Condo TERRA VISTA II H11609 Condo TERRACE I AT FAIRWAY ISLES 000760 Condo THE VILLAGE H03893 Condo TIMBERWOOD VILLAGE H02000 Condo TOWNHOMES AT STONEYBROOK H11610 Condo TUSCANY VILLAGE CONDOMINIUM 001396 Condo VILLAS @ VENEZIA H11612 Condo Source:...Connect With Us
