Entries by sstorace

Mortgage Loan Limits for 2019

Big news! The Federal Housing Finance Agency (FHFA) just announced their 2019 loan limits. In most of the U.S., the 2019 maximum conforming loan limit for one-unit properties will be $484,350, an increase from $453,100 in 2018. According to FHFA’s Home Price Index, home prices rose 6.9 percent, on average, between the third quarters of […]

100% Conventional Home Financing?

100% conventional financing on a property? Sounds too good to be true, right? Until recently it actually wasn’t a legitimate option. 100% home financing was only available if you were purchasing a home in a qualifying rural area or a U. S. Veteran. Now we have an option for 100% conventional financing. Going outside the box for […]

Equity Share Home Loan Program

Are you struggling to hit your desired down payment? Is down payment keeping you out of the right home for your family? Are you worried about mortgage insurance? Is a small amount meaning the difference between your dream home and not-quite-what-you-want home? A Different Approach Imagine someone offering to double your down payment. Imagine being able to […]

Borrowing on the Margin

Have you ever considered borrowing on your investments otherwise known as borrowing on the margin ? Would you ever consider using a margin loan to buy a home? What is a margin loan? A margin loan is borrowing against the value of your stocks, bonds or mutual funds. Individual brokerages will decide which of these […]

We Finance Broken Homes

Broken foundations, beat up interiors, burned out rooms…they are all okay. When Humpty Dumpty fell off the wall, it may have been PrimeLending that put him back together with one of our renovation or construction loans. If you have the vision, we have the funds. Big or small, planned or not, these programs are a […]

Home Loans Using Trust Income

As we have previously shared, purchasing a home outright with cash doesn’t always make the most financial sense. Recently we have had some experiences with borrowers who have assets but do not have W-2 income, nor are they independent contractors or self-employed.  For these clients who would prefer to finance their home purchase, this lack […]