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Industry Insights, Trends & Mortgage News

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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7 Home Buying Myths You Should Stop Believing

Posted in First Time Homebuyers, Home Buying Tips & InfoPosted by Maple Tree Fundingillustration of a Sasquatch in the woods

If you’re just starting your search for a home, you may be feeling intimidated and a bit overwhelmed. Everyone seems to have an opinion about how you should go about purchasing a home, and there is so much information out there about what you should and shouldn’t do that it’s easy to feel bombarded. Despite the fact that you may be experiencing information overload as you start researching the home buying process, it’s important to…

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Mortgage Interest Rates: What You Need to Know When Buying a Home

Posted in FAQs, Mortgage Basics & InformationPosted by Maple Tree Funding

Mortgage interest rates are one of those things that people care a lot about when they are shopping for a home, but often misunderstand. At Maple Tree Funding, we’re in the business of helping people finance their homes, and we are passionate about all things mortgage. We work hard to ensure that our clients and customers understand the mortgage process and all the components that impact what they will pay for their home. Here, we’ll…

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What Are the Current New York Interest Rates? How to Get an Accurate Quote

Posted in Home Buying Tips & InfoPosted by Maple Tree Funding

As a New York State mortgage broker, we are asked about the current NY interest rates quite frequently. Home buyers want to obtain the most competitive rate available – and rightfully so, as your mortgage interest rate can impact how much you pay for your home overall and what you’re paying on a monthly basis. Unfortunately, there is no one-size-fits-all answer to this question. The mortgage interest rates are constantly fluctuating based on a variety…

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