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Industry Insights, Trends & Mortgage News

Maximum VA & Conforming Loan Limits Increased for 2023

Posted in Guide to VA Home LoansPosted by Maple Tree FundingWhiteboard with rising graph is isolated on white background.

The Federal Housing Finance Agency has announced that conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2023 will increase by 12.21 percent. Throughout the majority of the U.S., the 2023 maximum conforming loan limit for one-unit properties will be $726,200, an increase from $647,200 in 2022.  For 2023, the VA loan limits will once again align with the FHFA conforming loan limits. This means that throughout the majority of the…

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Certified Veterans Lending Specialist Certification

Posted in Guide to VA Home LoansPosted by Maple Tree FundingUSA flag and key from home as symbol of VA home loan

At Maple Tree Funding, we are proud to serve those who have served our country by helping qualified veterans secure VA home loans to finance their home purchases.  VA mortgages are a terrific option for those who qualify, but there are many important nuances to consider when looking to maximize the benefit veterans gain from this type of loan. We work hard to stay at the forefront of all things related to VA mortgages so…

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USDA Loan Fees for the 2023 Fiscal Year

Posted in Guide to 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 2023 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 2023 fiscal year, which runs October 1, 2022, through September 30, 2023. Back on October 1st, 2016 the USDA implemented the changes to the loan fees, reducing the guarantee fee from 2.75% to 1.0% of…

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What is Considered “Rural” When It Comes to USDA Home Loans?

Posted in Guide to USDA Home LoansPosted by Maple Tree FundingHand holding house against green field, representing USDA rural property

USDA home loans are a terrific option for many home buyers who qualify, as they offer 100% financing and very competitive interest rates. In order to qualify for a USDA mortgage in New York, you must meet certain specific USDA eligibility requirements. These requirements include the criteria that the property being purchased must be located in a rural area. But what does rural technically mean when it comes to USDA loans? We break it down here….

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Working with a NYS Registered Mortgage Broker

Posted in About UsPosted by Maple Tree FundingNYS registered mortgage broker giving a presentation to a young couple

The home purchase process feels intimidating enough for many home buyers – especially those who are going through the process for the first time. But while there is certainly a lot to figure out and understand when it comes to the process of purchasing a home, there’s no need to be intimidated when it comes to choosing who will guide you through the process and help you secure financing for your home purchase. Financing for…

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