2021 Conforming Loan Limit Rises to $548,250

Thanks to another year of stellar home price appreciation, the 2021 conforming loan limit will increase to $548,250, per the Federal Housing Finance Agency (FHFA). This is the maximum loan amount for mortgages that can be acquired by Fannie Mae or Freddie Mac, known as conforming mortgages. The figure is up from $510,400 for mortgages [&hellip

The post 2021 Conforming Loan Limit Rises to 8,250 first appeared on The Truth About Mortgage.

My home buying story: How VA loans helped this service member buy a home

    Name: Chris V. Year: 2004 City: Kapolei Occupation: Army Age: 21 Salary: $20,000 + $1,300 a month housing allowance Home Price: $160,000 Chris and his wife, Nichole, had only been married for a couple of years when they bought their first home in 2004. Like most young couples, they didn’t have enough income for a giant mortgage or […]

The post My home buying story: How VA loans helped this service member buy a home appeared first on Trulia's Blog.