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.