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Nathan Pierce

Loan Officer

NMLS ID 12920

801-272-0600 nathan@advancedfunding.com

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Blog Image: FHFA Announces Maximum Conforming Loan Limits for 2019

FHFA Announces Maximum Conforming Loan Limits for 2019

Fannie Mae and Freddie Mac Baseline Limit Will Increase to $484,350 Washington, D.C. The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2019.  In most of the U.S., the 2019 maximum conforming loan limit for one-unit properties will be $484,350, an increase from $453,100 in 2018.  Baseline limit The Housing and Economic Recovery Act (HERA) requires that the baseline conforming loan limit be adjusted each year for Fannie Mae and Freddie Mac to reflect the change in the ave...

November 27th, 2018 | Conventional Loans, Mortgage News, FHFA Announces Maximum Conforming Loan Limits for 2019

Blog Image: Conforming vs Non-Conforming Mortgage Loans: What’s the Difference?

Conforming vs Non-Conforming Mortgage Loans: What’s the Difference?

There’s a lot of unfamiliar, and often confusing, vocabulary in the mortgage process, and it’s important to know your terminology. If you’re looking to buy or refinance a home, it’s important to understand mortgage terms that may be used. What’s the difference between a conforming and a non-conforming loan? What are the benefits of each?   What Is a Conforming Loan? A conforming loan is a loan that meets the requirements so that it can be sold to Fannie Mae, Freddie Mac, the Federal Housing Administration (FHA), USDA (Rural Housing Development) or D...

October 1st, 2018 | Conventional Loans, Loan Programs, Conforming vs Non-Conforming Mortgage Loans: What’s the Difference?

Blog Image: What's the Difference Between FHA Loans and Conventional Mortgages?

What's the Difference Between FHA Loans and Conventional Mortgages?

If you are just getting started in the home buying process, you have probably come across several different types of Utah mortgage loans as you have researched your options. Two of the most common home loan types are conventional and FHA mortgages. What are the differences between them and when does each make the most sense?   FHA Loans FHA or Federal Housing Administration, loans are government-insurance programs that make it easier for Americans without great credit or large down payments to become homeowners. When a borrower is approved for an FHA loan with an approved...

July 11th, 2018 | FHA Loans, Conventional Loans, Loan Programs, Mortgage Basics, What's the Difference Between FHA Loans and Conventional Mortgages?

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