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The Department of Veterans Affairs (VA) has announced a temporary policy update allowing veterans to pay real estate agent commissions when purchasing a home. This change, effective August 10, 2024, aims to prevent VA buyers from being disadvantaged as new real estate rules take effect later this summer. Key Updates: Effective Date: The policy takes […]

In the ever-changing landscape of the real estate market, timing is everything. If you’re a homeowner who secured a mortgage when interest rates were higher, now is the time to act. Refinancing your mortgage can be a game-changer, unlocking significant savings and providing you with financial flexibility. In this blog, we’ll explore the compelling reasons […]

It’s no secret home prices have been increasing across the country, and today brings good news to help. Homebuyers seeking conforming loans may now borrow up to $766,550 in most counties and up to $1,149,825 in higher-cost areas! The size of conforming loans, those backed by Fannie Mae and Freddie Mac, is assessed annually. Based […]

After a dynamic week in the market, we thought it would be helpful to share some key highlights. Let’s dive into the recent events and their impact on inflation, GDP growth, and interest rate expectations. GDP Surprise Yesterday, there was a significant selloff following the release of the Q1 GDP report. Gross Domestic Product (GDP) […]

The Federal Reserve’s latest meeting just wrapped up, so what are the key takeaways for you? This afternoon, the Federal Reserve increased the Federal Funds Rate by .25%. It’s critical to understand that when you might see headlines about the Fed increasing their target rates, it usually doesn’t directly impact the mortgage rate you’re able […]

The results are in, and they could have an impact on your home buying journey. Effective today, homebuyers may now borrow up to $726,200 in most counties and up to $1,089,300 in higher-cost areas! The limit on conforming loans backed by Fannie Mae and Freddie Mac is assessed annually. In September, First Home Mortgage responded […]

The Federal Reserve just increased the Fed Funds rate .75%. What does that mean, and how does it impact the mortgage market? Here are three things to know about today’s news: 1. The Federal Reserve Influences Mortgage Rates, They Do Not Set Them Many have the misconception that the Federal Reserve’s actions have a direct […]

Have you noticed an increase in your homeowner’s insurance premiums lately—maybe significantly? If so, you are not alone. There are a number of factors that impact how high or low insurance premiums are, and there are several currently at play which have contributed to a recent rise for many homeowners. What Drives the Increase in […]

Understanding which home loan program is the most beneficial for you when purchasing or refinancing a property is key to making a successful loan choice. Our loan officers are up to date on the best programs and newest guidelines and are here to educate you on your most advantageous options. If you have current or […]

LOAN LIMITS FOR FANNIE MAE AND FREDDIE MAC INCREASE TO $548,250 IN 2021, AN INCREASE FROM $510,400 IN 2020. The Federal Housing Finance Agency has announced the Fannie Mae and Freddie Mac conforming loan limits for mortgages for 2021. Each year, the baseline conforming loan limit is adjusted accordingly with the change in the average […]

Many changes are facing home buyers currently house hunting during the Coronavirus pandemic – most notably housing inventory. State and county restrictions directed towards protecting our health have led to new methods of interacting with realtors, loan officers, and home sellers. Virtual tours and meetings abound, and open houses are limited and require additional precautions. […]