Strategic Mortgage - Bill Kamboukos

FHA home loan limits have been increased for the majority of counties in the United States. Here in Arizona in Maricopa and Pinal counties the FHA home loan limit has been increased to $294,515, from the previous loan limit of $279,450. What the essentially means for buyer’s, is that with the min...

When applying for a home loan, one of the key components to qualification, is employment. However, you don’t necessarily need full time employment in order to qualify for a home loan. In this article we will discuss various types of part time employment and how it affects home loan qualification ...

The conventional home loan limits for Fannie Mae and Freddie Mac backed conventional mortgages has been increased from $424,100 in 2017, to $453,100 for all new conventional home loans in 2018.            That also means that for VA loans, the base loan limit is now also $453,100 to qualify for a...

When it comes to purchasing a home with a low down payment, there are multiple programs in today’s market, but for many potential buyers, the programs don’t fit. FHA Home Loan – This 3.5% down payment home loan program has a lower loan limit then the conventional loan program and also has both up...

When it comes to purchasing your first home, there are many considerations to be taken into account.However, whether you are purchasing your first home or your 10th, the whole process should always begin with the financial commitment and the home loan.            In the articles that follows, we ...

In the past year, Fannie Mae has loosened guidelines when it comes to how student loans payments are looked as monthly debts. This change is making it easier for those with larger student loan debt burdens, to obtain a home loan.  When it comes to obtaining a home loan, one of the critical compon...

A Jumbo home loan is any loan that exceeds the conventional loan limit for any geographic area. Here in the Phoenix metropolitan area, the conventional loan limit is $424,100, meaning that any loan above that dollar amount would be considered a Jumbo Home Loan. What Makes Jumbo Home Loans Differe...

The most widely used home loan, whether purchasing or refinancing a property is the conventional home loan. This article will provide a guide to some of the most common questions that consumers have about obtaining a home loan, including down payment requirements, credit score requirements, home ...

Fannie Mae has just made another change to their home loan guidelines, which will make it easier to qualify for a home loan with a higher debt to income ratio.            The change increases the maximum debt to income ratio from 45% to 50% on Fannie Mae Conventional home loans, for the purchase ...

Fannie Mae has just made a change to their home loan guidelines, that now makes it easier to qualify for a home loan if you have a larger amount of student loan debt.                        The change allows you to use the documented minimum monthly payment of your student loan for qualifying pur...