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loan amounts: Dysfunctional Congress leads to even Lower Interest Rates - 08/03/11 10:02 PM
Current low mortgage rates have fallen again as the U.S. continues to shows signs of a sluggish economy with a drop in consumer spending.
Dropping by .125%, today’s 30 year fixed mortgage interest rates are at 4.125%. 15 year fixed mortgage interest rates are at 3.500% and 5/1 ARM loan rates are at 2.750%, both remaining the same. Conforming 30 year fixed mortgage loans are the most desired long term mortgage product amongst borrowers because they offer the security of a monthly mortgage payment that remains the same for the entire length of the loan. With 0.7 to 1% origination fee, these … (2 comments)

loan amounts: VA Loan Amount Increase - Effective Immediately - 11/19/07 01:18 PM
Effective immediately, VA loans up to $1,500,000 may be eligible for purchase.
Guaranteed loans to conforming conventional loan limits continue to be eligible under the existing guidelines.
Additionally, the following requirements apply as indicated.
VA loan amounts greater than the one-unit conforming loan limits, $417,150, but less than or equal to $700,000:
• 30-year fixed-rate product only.
• Secondary financing not allowed.
• Temporary interest rate buydowns are not allowed.
• Refer to the rate sheet for adjusters on VA loans over the conforming loan limit.
Note: The veteran's maximum guaranty amount is not changing.
VA loan amounts greater than $700,000 and less than or equal to $1,500,000 may … (0 comments)

 
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Stephen Katz

Atlanta, GA

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Katz Mortgage Team, a branch of VanDyk Mortgage Corporation

Address: 800 Johnson Ferry Road, Atlanta, GA, 30342

Office Phone: (866) 742-8400

Cell Phone: (770) 552-1000

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