FHA Loan Limits

FHA Loan Limits Raise in 2021

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[...]

Should I Pay Discounts Points on My Mortgage?

[youtube https://www.youtube.com/watch?v=RcwY3FqS_RE&color2=FBE9EC&version=3] Academy Mortgage is continuing to answer the top 10 questions new home buyers have about mortgages in its weekly Mortgage Minute series. For this week, Gina Spearman answers the popular question. “Should I pay discount points?” Choosing to decide whether or not you want to pay discount points depends on several factors. Discount points are an additional fee that you[...]