home financing

FHFA releases 2025 Conventional Loan Limits The Federal Housing Finance Agency (FHFA) has released conforming loan limits to be used for the calendar year 2025. Across the US, loan limits for conventional loans will increase to $806,500, and in markets considered “High cost” by FHFA, those limits will increase to $1,209,750. This is important for…

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Thank you for considering John Meussner & the JM Loans team for your mortgage needs – our team is ranked #1 in customer satisfaction amongst mortgage companies in our home town, but operates in many states across the US! Wherever you are located, you’ll get the same great professional experience and award-winning loan process. Our team…

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2024 should be a great year for housing, a good year for real estate & mortgage professionals, and a competitive market that brings sellers strong offers. Though the competitive landscape will be tough for buyers, patience and a strong support team will be vital to help buyers get offers accepted, and those who buy should…

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Mortgage loan limits have been announced for both conventional mortgage loans (Fannie Mae & Freddie Mac), as well as for FHA loans. Each year, maximum loan limits are established for these programs based on median home prices. For 2024, loan limits have been increased across the board for the majority of areas, with a small…

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When it comes to restructuring a mortgage loan, borrowers have 2 (non-modification/delinquency related) options – a refinance or a recast. We often get calls about mortgage refinancing from people who want to pay down their loan balance to get a lower monthly payment. In many cases, these inquiries are better served by a mortgage recast.…

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How To Get Rid of PMI   When buying a home with less than 20% down, home owners run into PMI, or private mortgage insurance.  While mortgage insurance can be paid in various ways, from a split premium to “lender paid” (lender paid PMI results in a higher interest rate), the most common form of…

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A few weeks ago, one of our favorite (and best) Realtor partners in the country, Margaret Rome, reached out to tell us about a home buyer that needed help with a preapproval and purchase mortgage for his first home in Baltimore.   A recent graduate, our customer was moving across country from Minnesota to Baltimore, MD,…

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Employer Affinity Program is Here NOW   We are very pleased to announce the arrival of our Employer Affinity Benefits mortgage program.  This program allows eligible employers to offer their employees and their families access to special home financing benefits.  This helps employees save money and gain access to benefits, and in turn allows employers…

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Our 2023 Mortgage Forecast & Housing Outlook Happy 2023!  We hope this data, forecast, and our opinions are helpful in guiding you or your clients to a successful year in real estate!  We believe it’s a great time to buy a home, and that in 2023 we’ll begin to see many of the challenges 2022…

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As Q3 winds down for 2022, I wanted to provide some insights into where the housing and mortgage markets are, and what’s likely to occur going forward.  If Q2 was to be summed up with one word, it would likely be volatility.  We witnessed 2 aggressive Fed rate hikes, with opposite market reactions each time.  Interest…

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