Overview The Federal Housing Finance Agency (FHFA) has issued the following maximum first mortgage loan limits that will apply to conventional loans for acquisition by Fannie Mae / Freddie Mac with a note date on and after January 1, 2020. 2020 Conventional Loan Limits Units Conforming Amount - Contiguous States and District of Columbia Conforming […]
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Announcement 19-0088: Updated VA Funding Fee
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Overview VA has announced the VA Funding Fee rates for purchase and cash out refinance transactions will change effective for loan transactions closed January 1, 2020 and later. Please note: Interest Rate Reduction Refinancing Loans (IRRRLs) are not impacted by this change. Funding Fee Updates Funding Fee rates are generally increasing for first time use […]
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