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Melissa Mason's Blog

Updated Oct. 9, 2013
Are you intimidated by listings that say "needs TLC" don't be anymore! The 203K loan is a perfect tool to combat these feelings. This loan is an FHA loan, which means the minimum down payment is only 3.5%, however, you can finance the costs of repairs and or upgrades into your mortgage. This program is great for...
High Balanced Loan Limits
Updated Oct. 24, 2014
For loans originated after September 30, 2011 (have to November 30th to close) there will be a major structural change to available home loans. The current high-balance loan limits are set to decrease from $729,750 to $625,000.. Three years ago the Government, via Fannie Mae and Freddie Mac, increased the...

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