Coming soon: Fannie Mae will punish borrowers with 740 credit score

Having already severely punished buyers of second homes and borrowers seeking cash-out refinance, Fannie Mae is now going after borrowers with a perfect (at least until now) credit score of 740. Once the changes hit a little later this year, borrowers wit

Feb 09, 2023 | Purchasing a Home Interest Rates First-time Homebuyers Conventional Loans

Lending in 2023: Baseline Loan Limit Increase and Breaks for First-time Homebuyers

Here is some positive news from the world of home lending. Baseline Conforming loan limit for single family homes is increasing to 726,200 in 2023, up from 647,200. Conforming loan limits will be higher in high-cost areas. In our State of Massachusetts, f

Dec 12, 2022 | First-time Homebuyers Conventional Loans

Fast Loan Process Like High-quality race

A fast and clean loan process is like a high-quality race. From perfect start, to perfect run or swim, to perfect finish. A small error at any point can mess up the entire race by causing an unfortunate chain of events. Loan process, to be done right, req

Oct 06, 2022 | Purchasing a Home First-time Homebuyers Mortgages

How to Get a Small Dollar Mortgage Loan

Buying a house is a straightforward process, right? You line up a lender, you find the right house and you get a mortgage to buy it. While this is the case in much of the country, there are plenty of regions where the home prices are too low for tradition

Oct 07, 2020 | First-time Homebuyers Purchasing a Home

Should You Buy a Second Home as Your First Home?

There is a new trend catching on among younger urban residents: renting in the city and buying a vacation home as their first house purchase. This unconventional approach to first-time homebuying is one way for these buyers to achieve homeownership and al

Feb 12, 2020 | Purchasing a Home First-time Homebuyers

Can I Qualify for Down Payment Assistance?

One of the biggest obstacles to homeownership is coming up with enough cash for a down payment. When your own savings are not adding up quickly enough and you don’t have a rich uncle to tap for an early inheritance, you may find some help in a down

Apr 10, 2019 | Purchasing a Home First-time Homebuyers

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