Zero Down VA home loans with NO upper Loan Limits in 2021
Started in 2020 VA will no longer require a down payment on a house because the value is higher than the conforming loan limit. Zero Down VA loans NO loan limit Jan 1st 2020. Jan 1st 2021 conforming loan limit is $548,250. You buy a house for $700,000+ with your VA eligibility and it is…
Read More2021 Loan Limits for FHA Mortgages
FHA — Closed on or after Jan 1st 2021 FHA announced December 2, 2020 in Mortgagee Letter 2020-41 that the low-cost and high-cost county limits have increased effective with case numbers assigned on or after January 1, 2021. Loan limits are county specific. The low-cost areas mortgage limits have increased to: One-Unit: $356,362 Two-unit: $456,275…
Read More2021 Loan Limits for Conventional Mortgages
Conventional — Loans closed on or after Jan 1st 2021 Effective immediately, Access Capital Group, Inc. will begin supporting the increased conforming loan limits that Fannie Mae and Freddie Mac announced on Tuesday November 24th. Maximum Loan Amount for 2021 One-Unit: $548,250 Two-unit: $702,000 Three-unit: $848,500 Four-unit: $1,054,500 Maximum Loan Amount for High-Cost Areas for…
Read More2020 Loan Limits for Conventional Mortgages
Conventional — Loans closed on or after Jan 1st 2020! Effective immediately, Access Capital Group, Inc. will begin supporting the increased conforming loan limits that Fannie Mae and Freddie Mac announced on Tuesday November 26th. Maximum Loan Amount for 2020 One-Unit: $510,400 Two-unit: $653,550 Three-unit: $789,950 Four-unit: $981,700 Maximum Loan Amount for High-Cost Areas for…
Read More2020 Loan Limits for FHA Mortgages
FHA Loans — Closed on or after Jan 1st 2020 FHA announced December 3, 2019 in Mortgagee Letter 2019-59 that the low-cost and high-cost county limits have increased effective with case numbers assigned on or after January 1, 2020. Loan limits are county specific. The low-cost areas mortgage limits have increased to: One-Unit: $331,760 Two-unit:…
Read MoreZero Down VA home loans with NO upper Loan Limits in 2020
Starting in 2020 VA will no longer require a down payment on loans greater than the conforming loan limit. Zero Down VA loans NO upper loan limit starting Jan 1st, 2020. Currently, zero down VA loan limits are the same as those set by the Federal Housing Finance Agency on conforming loans. The limit in…
Read MoreVA and FHA Home Loans with Bad Credit / Low Credit 500, 550, 600 Credit Scores
What is considered bad or low credit scores? There is more to credit than just the score when it comes to getting approved for a home loan. Just because your credit score is under 620 and you are labeled “Fair” to “Very Poor” credit doesn’t mean you cannot get approved for a home loan. Example 1: You…
Read MoreVA Loan – Manual Underwrite – 500 Minimum Score
VA Key Underwriting Criteria There is no maximum debt ratio. However, the lender must provide compensating factors if the total debt ratio is more than 41 percent. Jan 1st 2023 conforming loan limit is $726,200. You buy a house for $1,200,000+ with your VA eligibility and it is ZERO down. VA’s residual income guidelines ensure…
Read MoreNO Overlay Lender
What is a NO Overlay Lender you might Ask? Access Capital Group, Inc. is a NO Overlay Lender meaning we pre approve loans to the Investor Guidelines and have done so since 2001. A “Lender Overlay” is a guideline (or set of guidelines) on top of the actual investor guidelines. An investor would be Fannie…
Read More2019 Loan Limits Now Allowed on Conventional Products
2019 LOAN LIMITS NOW ALLOWED ON CONVENTIONAL PRODUCTS As announced today by the Federal Housing Finance Agency (FHFA), the standard and high-cost area loan limits for Fannie Mae and Freddie Mac are increasing. The base loan limit in most of the country will be $484,350, which represents a 6.9% increase over the 2018 limit. All…
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