Brandon Butler

Great News! Conventional Loan limits for one-unit properties have increased to $548,250 in most areas of the US. High-cost area loan limits are now $822,375 for one-unit properties. As property values increase, this is fantastic news for homebuyers as it opens up more home financing programs for you. Loan limits can vary by region and number of units so please contact me for specific details.

Great News! Conventional Loan limits for one-unit properties have increased to $548,250 in most areas of the US. High-cost area loan limits are now $822,375 for one-unit properties. As property values increase, this is fantastic news for homebuyers as it opens up more home financing programs for you. Loan limits can vary by region and number of units so please contact me for specific details.

Related Article Title: NEW 2021 Loan Limits Released by Fannie Mae & Freddie Mac The FHFA Just Released Their New Loan Limits for 2021!  Nice Increase! The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2021.  In most of […]

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Retiring or Changing Jobs Prior to Buying a Home? Here’s what you need to know!  Home lenders look for a history of income and a likelihood that this income will continue.  When you retire or change jobs prior to closing, it triggers additional documentation requirements, or may require you to wait until you start receiving that income. Let’s talk about your plan before you buy a home!

Retiring or Changing Jobs Prior to Buying a Home? Here’s what you need to know!  Home lenders look for a history of income and a likelihood that this income will continue.  When you retire or change jobs prior to closing, it triggers additional documentation requirements, or may require you to wait until you start receiving that income. Let’s talk about your plan before you buy a home!

Related Article Title: Borrower Retires Prior to Closing – Future Pension Income Allowed? Question: My client retired while under contract to purchase a new home.  Her pension will not be received until after the loan closing date.  Can this be used as “future income”? MC – Income Analyzer – Retirement Income – MC -Income Analyzer […]

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Did You Defer Mortgage Payments During COVID? If so, you may have questions about how this will affect your ability to Purchase another home or Refinance.  Let’s talk about your situation and plan of action!

Did You Defer Mortgage Payments During COVID? If so, you may have questions about how this will affect your ability to Purchase another home or Refinance.  Let’s talk about your situation and plan of action!

Related Article Title: Client Co-Signed a Loan Now in Forbearance Question: Our client co-signed a home loan for her sister who is now in forbearance.  Normally, I would use a 12-month payment history to offset the payment, but that is not possible.  The sister has offered to bring the mortgage current, will that work? NEW MC […]

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Borrower Retires Prior to Closing – Future Pension Income Allowed?

Question: My client retired while under contract to purchase a new home.  Her pension will not be received until after the loan closing date.  Can this be used as “future income”? MC – Income Analyzer – Retirement Income – MC -Income Analyzer – Expected Income Answer: Unfortunately, this is not an income source that can […]

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Two Homes on One Lot – Investor

Question: I have an investor who would like to refinance his modular home. He never divided the property yet built a second home on the same property, which does not have a mortgage. Is there a way for him to refinance the modular home? Answer: Unless the appraiser can appraise the home as a two-unit […]

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