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refi: 2010 New Hampshire FHA and Conventional Loan Limits by County - Jumbo Cutoffs - 01/12/10 04:38 PM
2010 New Hampshire FHA and Conventional Loan Limits by County - Jumbo Cutoffs
Wondering what makes a Jumbo mortgage in New Hampshire for 2010? Here's the updated limit information, compiled from the Federal Housing Finance Authority and the Federal Housing Administration by county.
County FHA Limit Conventional Limit
Belknap $281,250 $417,000
Carroll $271,050 $417,000
Cheshire $271,050 $417,000
Coos $271,050 $417,000
Grafton $281,250 $417,000
Hillsborough $402,500 $417,000
Merrimack $302,500 $417,000
Rockingham $523,750 $523,750
Strafford $523,750 $523,750
Sullivan $271,050 $417,000
Again, for 2010, neither Agency nor FHA loans will observe a different limit amount than 2009.
Please contact me if … (0 comments)
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refi: 2010 Conventional Loan Limits for Rhode Island - 01/12/10 10:52 AM
2010 Conventional Loan Limits for Rhode Island
For 2010, conventional loan limits for Rhode Island have remained at the same level where they stood in 2009, according the Federal Housing Finance Agency, the group that oversees mortgage investment giants Fannie Mae and Freddie Mac. These limits define the maximum loan amount for loans that may be sold to the agencies, which is an important distinction, as the secondary market for loans meeting these requirements is much more active than the secondary market for larger loans, meaning that loans that conform to these size requirements carry much lower interest rates.
For … (0 comments)
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refi: Bowling for Finance and Entrepreneurship Education - 04/06/09 10:51 AM
Yesterday, I took part in Rhode Island Junior Achievement's 25th Annual Achieve-A-Bowl, a fund-raising event that has collected over $80,000 this year to support Junior Achievement's in-school education programs. I think this is a very important charity to support right now due to the obvious deficit of Finance and Economics education in our school systems. Considering that 34% of respondents to a survey conducted by Bankrate.com didn't know what type of mortgage they had, I fell it is very important to support anything that will increase financial literacy.
Participating in the event was a blast. I bowled on a team consisting … (0 comments)
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refi: Mortgage - Treasury Spread Closes as Homebuyer Incentives Suggest Home Prices May Stabilize - 03/12/09 04:03 PM
February was a significant month for the mortgage and real estate markets, as a massive bailout package was signed into law, and further talk of foreclosure prevention efforts at the federal level reassured mortgage investors of the safety of their investments. An $8000 tax credit for first-time homebuyers sparked hope for increased home sales in 2009, both for starter homes and condominiums, as well as for so called "move-up" homes needed by those current homeowners able to sell into the current market and purchase significantly discounted replacement homes.
Entering March, the Mortgage - Treasury spread reached its lowest point since June, … (1 comments)
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refi: Mortgage - Treasury Spread closes sharply in January - is Fed buying bringing stability? - 02/12/09 10:19 AM
In a month which saw the lowest 30-year fixed rates on record, it isn't surprising that the massive groundswell of refinancing we experienced happened. Its consequences could also be seen as quite predictable: lenders, fresh from laying off thousands of employees in 2008, saw their operations grind to a halt as they received an onslaught of mortgage applications. The reprecussions to market interest rates were rather more cryptic, though. By the end of January, the Mortgage-Treasury Spread had closed to its tightest range since September, 2008, closing the month at 2.28%.
The 10-week moving average stayed relatively level at 2.78%, bouyed … (4 comments)
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refi: Financing Condominiums – What you need to know Part I: Financing Considerations - 10/31/08 01:37 PM
I’m going to open this up this article with a shocking revelation:
Condominiums are not the same as single-family homes.
Lenders do not view condominiums in the same way as single-family homes. There are additional risks that are considered, additional documentation that must be obtained, the result of which is that purchasing a condominium can be tougher than it seems. Let’s take a look at a few factors that are considered in evaluating condominium mortgages, and at the 5 ways that condos can be approved for conventional financing.
Completion
Banks are most concerned with the aspects of a condominium that … (0 comments)
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Dan Hartman
Providence,
RI
More about me…
Province Mortgage Associates - (401) 263-8655
Address: 10 Davol Sq, Providence, RI, 02903
Office Phone: (401) 490-4400 x 114
Cell Phone: (401) 263-8655
Email Me
Dan Hartman's Blog about mortgages, real estate, and the economy in New England, and the United States, especially Rhode Island Rates, Connecticut Mortgages, Massachusetts Rate Locks, and New Hampshire Home Sales. Let Dan leverage his MBA in Finance and experience as a college professor for you!
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