1 STOP MORTGAGE BLOG!

Loan Limits Go UP! Home Values Increase!

Loan Limits Go UP! FHFA (Federal Housing Finance Agency) Ups Conforming Loan Limit to $424,100 for 1-unit housingMortgage News Daily, November 29, 2016FHFA (Federal Housing Finance Agency) Ups Conforming Loan Limit to $424,100 for 1-unit housingGreat News for Tennesseans! After leaving them in a holding pattern for 10 long years, the Federal Housing Finance Agency (FHFA) has raised conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac.  Separate loan limit announcements are expected shortly from FHA and the Veterans Administration.   The current loan l...

November 30th, 2016 | Mortgage News!, Loan Limits Go UP! Home Values Increase!

Tips for a Home Again After a Foreclosure!

Tips on Applying for a Mortgage After a ForeclosureRealtor.com -  by Annamaria Andriotis Recovering from a negative credit event like a foreclosure can take years—seven years in many cases.A growing number of Americans are reaching that juncture after going into foreclosure early in the housing crisis.During that seven-year period, gaining access to loans is challenging, particularly in the first two to three years. Getting approved for a car loan or credit card is possible, though the interest rates you’ll be charged will be high. But finding a lender that will give you a mo...

November 15th, 2016 | Bankruptcy, Foreclosure, Short Sales, Tips for a Home Again After a Foreclosure!

Single Women & First-Timers Renew Homebuying in 2016!

NAR: Single women, first-timers show renewed homebuying potential in 2016Hallie Busta - Construction Dive - Published Nov. 1, 2016Dive Brief:    First-time buyers and single women stood out in the National Association of Realtors’ 2016 Profile of Home Buyers and Sellers, released Monday. First-time buyers accounted for 35% of home sales — the highest percentage since 2013 and up from 32% in 2015. Single females took a 17% share of sales, up from 15% a year ago.    Individuals under the age of 35 accounted for six in 10 first-time buyer transactions. St...

November 11th, 2016 Single Women & First-Timers Renew Homebuying in 2016!

HARP 2.0 loans (Home Affordable Refinance Program) closing in 20 days or less!

HARP 2.0 loans (Home Affordable Refinance Program) closing in 20 days or less!     HARP 2.0 (Home Affordable Refinance Program) new refinances are closing in 20 days or less for homeowners whose mortgage is backed by Fannie Mae!   Do you have a mortgage that was originated prior to May 31, 2009? HARP 2.0/DU Refi Plus allows you to refinance your current loan even if you owe more than the property's current value.   Highlights are:      Up to 175% LTV/Unlimited CLTV      No Debt To Income restrictions ...

November 3rd, 2016 | 1 STOP Mortgage Loan of the Week!, HARP 2.0 loans (Home Affordable Refinance Program) closing in 20 days or less!

Serving the Great Mid-South Region
Offices: 901-388-1588 or 901-476-9100 | Toll-Free: 
888-580-1588 | Fax: 901-388-6202 | Email: info@1stophomeloans.com
1 STOP MORTGAGE | NMLS#215671 | TN Lic#108931 | 5909 Shelby Oaks Dr, Suite 129, Memphis, Tennessee 38134