Tag: loan limits

VA Loan Limits – VA Circular 26-21-01- Effective January 1, 2021.

Written by: Tracey Rumsey, Staff Writer Prior to 2019, VA had loan limit ceilings.  The Blue Water Navy Vietnam Veterans Act of 2019 was a game-changer for Veterans and loan limits. Read this article to update your knowledge for 2021 limits. Rule Synopsis: Effective date January 1, 2021 Summary Veterans with Full Entitlement The Blue […]

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Freddie Mac Selling Guide Updates – Bulletin 2020-45 – Dated December 2, 2020

Written by: Lloyd Rutherford, Staff Writer This update includes many more updates than just the loan limits.  Big changes for Solar Panels, Power of Attorney requirements, Home Possible LTVs, Sweat Equity and Cash-On-Hand.  Read through this excellent overview from our expert regarding what you need to know! UPDATED MC Chart – Solar Panels – All […]

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FHA 2021 Loan Limits, Mortgagee Letter 2020-41, December 3, 2020, Effective January 1, 2019

Written by: Tracey Rumsey, Staff Writer FHA announces new income limits for 2021.  Read through this article for helpful links and information to help you find out the limits in your area. Rule Synopsis: Effective Date The mortgage limits announced in the mortgagee letter are effective for all case numbers assigned on or after January […]

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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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