Tag: Loans

Posted on 01/09/2022
Building a Home? Here's How Much to Put Down
Photo by Karolina Grabowska from Pexels Most people who decide to build a new house plan on financing the construction via one of the multiple financing options available. However, the size of the down payment depends on what type of loan is taken out for the project. The following is a breakdown of what different loan programs commonly...
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Posted on 01/19/2020
Jumbo Loans: How Conforming Loan Limit Increase Affects the Jumbo Market
Image by Arek Socha from Pixabay If you bought a house that was over $484,350 prior to 2020, you had to get a jumbo loan, which is a non-conforming loan. The Federal Housing Finance Agency (FHFA) increased the limit on conforming loans to $510,400 in most areas. The FHFA also increased the loan limit to $765,600 in some...
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