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Mortgage Updates – 2020

The new year brings new opportunities in the mortgage world.  Higher loan limits and lower rates are making homes more available and affordable.  Conventional conforming limit is now $510,400 and the FHA loan limit is $393,300 in Bexar and surrounding counties.  In the VA world a veteran with at least 700 credit score can buy up to a $1.000,000 home with no money down.

There are loans that can be recast in minimum increments of $10,000 for the original term and rate for a small one time fee.

There are many new options available.  Call me with questions.

Texas Real Estate Commission Information About Brokerage Services

Texas Consumer Protection Notice