Loan limits on government-backed loans higher again in 2018 Filed under Government Mortgage Financing Programs News The federal housing finance agency (fhfa) recently announced that the maximum loan limits on Fannie Mae, Freddie Mac, and FHA mortgages are increasing in 2018.
In today’s mortgage marketplace there are two basic types of home loans: conventional and government-backed. Conventional loans are those typically underwritten to Fannie Mae and Freddie Mac guidelines while government-backed mortgages carry some level of guarantee to the lender that approved the application.
Not all loan programs disqualify you because of back child support Government-backed loans are stricter about child support arrearages Qualifying ratios may be the problem if the monthly payment.
Home Owners Loan Homeowner’s Guide: First Time Buyers. Purchasing a home is a big decision, especially if you are a first time buyer. The process is intimidating and lengthy. However, it can also be exciting if you feel comfortable with your decisions along the way. Preparing yourself for all of the steps involved in purchasing a home can help ease any anxiety.