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2023 Zero Down VA home loans with NO upper Loan Limits
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 2023 conforming loan limit is $726,200. You buy a house for $1,200,000+ with your VA eligibility and it is…
Read MoreVA Loan ZERO Down Loan Manual Underwriting Low Credit
We pre approve loans to the VA Underwriting Guidelines. We do not need an Automated Approval to close your VA Loan. If your score is under 640 you may need to do a VA Manual Underwritten Loan. Most lenders want a 640 score so they can receive either Approve/Eligible (Fannie Mae) or Accept (Freddie Mac)…
Read MoreFHA ZERO Down loan Low Credit Score
FHA generally requires a 3.5% down payment or a 96.5% LTV (Loan to Value) and up to 100% CLTV or (Combined Loan To Value). The 100% CLTV can be a DPA (Down Payment Assistance). DPA Amount: Up to 3.5% of the Sales Price or Appraised Value (lesser of). Proceeds may be used for down payment…
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 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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