WEEKLY RATE – A RISE IN THE CONVENTIONAL, VA, and FHA LOAN LIMITS FOR 2018
I hope everyone is having a fantastic week!!
In this weekly rate, we discuss:
-Higher Conventional, VA, and FHA Loan Limits for 2018
-This week in interest rate pricing
-Rise in Income and Price Limit for Maricopa County’s Down Payment Assistance Program Home in 5
HIGHER CONVENTIONAL, VA, and FHA LOAN LIMITS:
CONVENTIONAL / VA 2018 LOAN LIMITS:
Fannie Mae released their higher conventional loan limits for 2018. The normal conventional loan limit of $424,100 was raised to $453,100. VA followed suit mirroring conventional loan limits.
Some higher priced areas have a high balance conventional loan over the country wide $453,100 limit.
To check the loan limit in your area – please click the link below:
FHA 2018 LOAN LIMITS:
FHA also raised their loan limits.
The one I most directly deal with is Maricopa County, Arizona which raised the FHA loan limit to $294,515.
To check the loan limit in your area, please click the link below:
WEEKLY INTEREST RATE PRICING:
Interest rates have been mostly neutral over the past 2 weeks ahead of the FED Interest Rate Decision on Wednesday, December 13th.
I personally feel that the FED will raise the rate and with the stock market on a roll (which is usually bad for rates), I recommend locking your rate if you are debating.
Below are today’s interest rates. Have a great week!!
MORTGAGE QUOTE / APPLY FOR A MORTGAGE:
For a no obligation mortgage quote, please go to:
To apply for a refinance or home purchase loan, please call me or go to:
Team Green is a top 1% originating mortgage team in the country. Everyone on our team has over 13 years of mortgage lending experience.
My team treats every transaction as an audition to earn your business for the rest of your life.
Have an amazing week and we’re always available if you need help with a new home loan purchase or refinance.
TEAM GREEN LINE: 480-704-4890
HOME IN 5 INCREASES INCOME AND PRICE LIMIT:
Maricopa County’s Down Payment Assistance Program Home in 5 made it easier to qualify for one of their products.
Home in 5 increased the income limit from $88,340 to $92,980
Home in 5 increased the purchase price limit from $300,000 to $371,930.
Have a great week!!
Reggie Green, Team Green, and Fairway Independent Mortgage in Scottsdale, Arizona, McCormick Ranch, Fairway Independent Mortgage McCormick Ranch is dedicated to providing all the best mortgage products and customer service to assist you in your home purchase or refinance in Arizona, California, Colorado, Washington, Georgia, Michigan and Virginia. Below are the products and Mortgage Rate Sheets we offer for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, HARP 3.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100% Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages. Fairway Independent Mortgage Corporation, Fairway Independent Mortgage McCormick Ranch, Team Green. Reggie Green. FairwayAZ, Fairway McCormick Ranch, Fairway Mortgage. December 12th 2017 30 year fixed rates, December 13th 2017 30 year fixed rates, December 14th 2017 30 year fixed rates, December 15th 2017 30 year fixed rates, December 16th 2017 30 year fixed rates, December 17th 2017 30 year fixed rates, December 18th 2017 30 year fixed rates, December 19th 2017 30 year fixed rates.
WEEKLY RATE – HIGHER CONVENTIONAL, VA, and FHA LOAN LIMITS FOR 2018