Category: LOAN LIMITS

2021 FHA MARICOPA COUNTY LOAN LIMIT

The FHA loan limit in Maricopa County for 2021 increased from $331,760 to $356,362. That is a 7.4% increase. Meaning, if you have a lower credit score, you can now qualify for a higher priced home. We are taking applications at the new FHA loan limit. Contact us and we can help. We offer a variety of products and services, ask us how we can assist you today: Counsel Mortgage Group®, LLC www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60DBO43873 Copyright © 2020 Counsel Mortgage Group®, LLC.

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LOW INTEREST RATES SPUR MORE REFINANCING ACTIVITY

  Today’s post is written by Michael Green, Commercial Loan Originator for Counsel Mortgage Group, LLC. Even more favorable rates have unleashed a fresh wave of refinancing activity during H2-19. Borrowers have been enjoying a low interest rate environment for some time. Yet the Fed’s last 3 rate cuts in H2-19 have stoked a surge in refinancing activity. The Federal Reserve kicked off the first of three rate cuts in late July, which subsequently pulled commercial real estate lending rates lower in the third quarter. Notably, the 10-year Treasury dropped by 50 basis points in August to a near cyclical record low of 1.47%....

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2020 Loan Limits

The loan limits for 2020 are higher than in 2019.  Here are the loan limits by loan product:   Conventional – $510,400 VA – $510,400 FHA – $331,760 (Maricopa County, other counties may differ) USDA –  $251,862 These limits mean that to qualify for the above loan product, the loan amount cannot exceed the limit.  Loans above these limits are generally considered jumbo.   Contact us and we can help you qualify for these, or other loans.    We offer a variety product services, ask us how we can assist you today: Counsel Mortgage Group®, LLC www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB...

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