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USDA Loan Fees for the 2019 Fiscal Year

Posted in USDA Home LoansPosted by Shane LatzaHomeowner calculating changes in mortgage payments based on 2016 changes in USDA loan fees

The USDA Loan fees for FY 2019 are: an upfront guarantee fee of 1.0% of the loan amount, and an annual fee of 0.35% of the loan amount. These fees apply to both home purchases and refinance transactions during the 2019 fiscal year, which runs October 1, 2018 through September 30, 2019. On October 1st, 2016 the USDA implemented the changes to the loan fees, reducing the guarantee fee from 2.75% to 1.0% of the…

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How To Find A USDA Eligible Property

Posted in USDA Home LoansPosted by Maple Tree Fundingfamily of four sitting under the outline of a house

When shopping for a home, there are many factors to consider. One important factor to consider is the type of mortgage or home loan you will use to finance your home purchase. USDA mortgages offer a variety of benefits and advantages, and there are numerous areas throughout the state of New York where home purchases do qualify for USDA home loans. This leave many NY home buyers curious as to whether or not they are…

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What Should I Do With My Tax Refund?

Posted in Home Buying Tips & InfoPosted by Shane Latza

Tax season is an exciting time, especially for those individuals who are expecting a tax refund! Having some extra money on hand is a refreshing change of pace for many. With tax refunds comes opportunity. When it comes to making the most of your tax refund, you have many options to choose from. Expecting a tax refund this year, but you are not quite sure what to do with it? Consider these options for how to…

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2019 FHFA and FHA Loan Limit Changes

Posted in Government MortgagesPosted by Maple Tree Funding

Both the Federal Housing Finance Agency (FHFA) and the Federal Housing Administration (FHA) have increased maximum loan limits for 2019. 2019 FHFA Loan Limits On the conforming side (FHFA), in 2016 the loan limit for one-unit properties was $417,000. In 2017 this increased to $424,100, and in 2018 the limit increased to $453,100. Now, in 2019, this one-unit conforming loan limit has been increased to $484,350. This increase takes place throughout most of the United…

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Maximum VA & Conforming Loan Limits Increased for 2019

Posted in Government Mortgages, Mortgage & Refinance ProgramsPosted by Maple Tree Funding

In late November, the Federal Housing Finance Agency announced that conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2019 will increase by almost 7 percent. In December, the Veterans Administration announced that the 2019 VA loan limits will be increased to match the FHFA conforming loan limits. These new loan limits are effective immediately, but loans using the new limits must close on or after January 1, 2019. This change will…

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