No one knows but at some point the Fed will have to sell off mortgage-backed securities and that will increase interest rates.
If you are interested in items that FHA does not allow, like a swimming pool, detached garage or gazebo? We can help. One application. One closing. One set of fees. This is the Fannie Mae Homestyle Renovation loan, which allows you to perform all of the same renovations as with the FHA 203(k) loan, but without all of the limitations the FHA guidelines has.
The loan limits on Conventional & VA loans were increased from $417,000 to $424,100 on a 1 unit property in Broward, Palm Beach, & Miami Dade Counties.
Foreclosures, short sales, and bankruptcies are set to fall off credit files of 2.5 million consumers between June 2016 and June 2017, according to analysis from Experian.
Being that I am Mortgage Banker that happens to be a Young Professional, I tend to work with a lot of First Time Home Buyers, Millennial’s & Young Professionals. One of the questions that I am constantly asked is “How long after graduation do I need to wait until I can purchase my first home?” or some people tell me that they know that they “Cannot purchase a home because they started their first job only a few months ago”.