Tag: loan limits

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 the U.S., the 2021 maximum conforming loan limit (CLL) for one-unit properties will be $548,250, an […]

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VA- 2020 Loan Limits – Circular 26-19-33 – NEW MC Chart – Loan Limit Calculation Examples – Updated Loan Limits Calculator

Written by: Tracey Rumsey, Staff Writer On the first of each year, we can expect loan limit adjustments from the agencies each year. Here are VA’s updates. Rule Synopsis: The VA County Loan limits that are used to calculate loan guaranty for 2020 have been established. Note the following: County loan limits do not apply […]

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VA Circular 26-19-30, Updated Guidance for Blue Water Navy Vietnam Veterans Act of 2019 – NEW MTP™ How the Blue Water Act Changed VA Home Financing

Written by: Tracey Rumsey, Staff Writer Big changes are coming to VA financing programs effective January 1, 2020, so read through this update to be sure your loans are covered during the transition period. Rule Synopsis: Effective with loans closed on or after January 1, 2020: For loans above $144,000 made to purchase, refinance (cash-out […]

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Freddie Mac Selling Guide Update – Bulletin 2019-25 – Dated December 4, 2019 – Updated MTP™ – GreenChoice® Home Loans – Energy Efficient & Earth Friendly

Written by: Lloyd Rutherford, Staff Writer There are some game-changer updates in this article that will give you the edge over your competition if you read through these changes! Rule Synopsis: Freddie Mac is updating their selling guide for a variety of topics. This article will focus on the topics that benefit originators. The updates […]

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FHA – 2020 Loan Limits, Mortgagee Letter 2019-19 – Effective Jan. 1, 2020

Written by: Tracey Rumsey, Staff Writer Just because loan limits change does not mean that loan limits increase. In some areas they do and in other areas they actually decrease. Read through this update to determine how the new loan limits affect your area. Rule Synopsis: Effective Date The mortgage limits announced in the letter […]

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