New Mortgage Loan Revisions To Stimulate The Market

January 6th, 2017

2017 has opened with new revisions in the mortgage market to hopefully stimulate the market and allow more homes to be sold and get financing. USDA has lowerd its up front guarantee fee from 2.750% to 1.00% and its monthly USDA fee from .50 % to .35 % of the loan amount. Conventional loans have increased the maximum loan amount to $424,100 from $419,000 which was the max. in most areas. FHA and VA has increased their maximum loan to $271,050 in most areas. These moves are just a few of the new revisions introduced for the 2017 market and these revisions should increase sales and demand. For your specific needs give us a call-your Central Virginia expert for 30 years. Diversified Mortgage Brokers: tel-434-237-3143; email; web-

Diversified Mortgage Brokers

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