FHA Multifamiliy Housing Loan Limits FHA loan limits for multifamily housing in 2022 have increased. The Federal Housing Administration announced that the 2022 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $78 billion for each -- a combined total of $156 billion to support the multifamily market. The 2022 caps, which increased from $70 billion for each[...]
Eric Glick, regional sales manager with New American Funding, joins the Atlanta Real Estate Forum Radio show to discuss the new FICO score program, updated FHA regulations and millennial homebuyers. Glick joins hosts Carol Morgan and Todd Schnick for the All About Real Estate segment. New American Funding is a home loan and mortgage assistance company founded in 2002 that offers a[...]
The Federal Housing Administration (FHA) recently announced its 2021 loan limits. Due to a steady increase in median home prices across the country, the FHA increased annual loan limits by 7.42%. This will be shown in a floor increase from $331,760 to $356,362 for single-family home loans and a ceiling increase from $765,600 to $822,375. The 2021 national low-cost area mortgage[...]
Atlanta’s Best New Homes Show recently welcomed Loan Consultant Matt Reyes with New American Funding. Reyes joined this segment of Mortgage Minute sponsored by New American Funding to discuss new FHA loan opportunities. An FHA home loan is a mortgage insured by the Federal Housing Administration. Because these loans are backed by the federal government, they help FHA-approved lenders extend home[...]
The Federal Housing Administration (FHA) announced its 2018 loan limits in early December (12/7/17) in a move that recognizes the housing industry’s rising home prices. The new loan limits will allow more people who would not normally qualify for a loan to become home buyers. Nationally rising median home prices mean that home buyers in 3,000 counties will see increases[...]
The FHA 203k renovation loan is a great way to not only purchase a home, but also to make necessary home improvements without breaking the bank! This loan allows funds for home improvement to be added to the total purchase or refinance amount, and keeps it all in one loan with a low down payment and one monthly payment for[...]
As the automatic spending cuts known as "sequestration" start, the effects to one of the government agencies most tied to housing, specifically new home construction, the Federal Housing Administration (FHA), are beginning to be revealed. Currently, approximately 25 percent of purchase money mortgages issued for home purchases involve the use of FHA insured mortgages. The budget cuts will have the biggest[...]
The Federal Housing Administration (FHA), the largest insurer of mortgages in the world, is changing the loan limit for Metro Atlanta real estate. Beginning on October 1, the FHA Loan Limit will be lowered from $346,250 to $320,850 on any contract accepted and assigned an FHA case number. This means that if you are looking to buy a home soon[...]
Barring Congressional action, Federal Housing Administration (FHA) loan limits will revert back to rates determined by the Housing and Economic Recovery Act for single-family housing. This will affect loans insured by the FHA on or after October 1, 2011 and could affect those searching for Atlanta real estate. The U.S. Department of Housing and Urban Development has stated that FHA[...]
FHA Loan: Qualifications, Fees, and Limits Explained FHA loans seem like a great investment, but what do they cost you? The good news is that these loans are more affordable than conventional loans. They are also easier to qualify for, have lower closing costs and large limits. These elements make FHA loans ideal for many people, especially those[...]