What Are the New FHA Loan Limits?

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Welcome back! You may have heard there are some new changes to FHA loan limits. Prior to this week, the loan limit was $417,000 in Philadelphia and the surrounding counties; that number has been slashed. The new limit varies by county and if you want to find out what your limit is, you can check it out here: https://entp.hud.gov/idapp/html/hicostlook.cfm

It's some disappointing news, but it was inevitable. If you have any questions, please give me a call today!

The Don'ts of Credit

The loan process can be agonizing. It seems like you are always asked a million questions and have to file so much paperwork. Unfortunately, I can't change that for you, but what I can do is help you avoid a damaging situation with your credit.

If you are in the closing period of your home but have not officially closed, DO NOT open new credit. The new rules of our industry require us to do a soft pull of your credit. That means we will need to check to see if you have acquired any new debt prior to closing. If you do, it could ultimately make you ineligible for the loan.

So please do not lease a new car, buy furniture on credit, etc. Wait until after your home has officially closed.

If you have any questions, please give me a call. Even if I'm not your official lender, call me with any questions you may have.

Happy Thanksgiving!

Happy Thanksgiving! It’s the season of giving and thankfulness and I couldn’t help but reflect on this past year. Our team has had such an incredible year and it’s all because of you and I just wanted to take this time to thank you. Have a wonderful and safe Thanksgiving! Please let me know if there is anyway I can help you!