Standard Mortgage Blog

2021 conventional loan limits set by Fannie Mae and Freddie Mac are increasing again for the fifth consecutive year. If you are considering buying a home during this New Year, the loan limit increases may give you more purchasing power and enable you to buy your dream home!

If you are planning on buying a home in a suburban or rural area, you may have more financing options beyond a conventional mortgage. The United States Department of Agriculture backs rural development loans to promote and increase economic development and homeownership in areas outside of metropolitan populations. This program can be very beneficial if the property you are looking at qualifies,..

A rural development loan is different from an FHA or conventional loan. Depending on the area that you are looking to purchase in, a USDA (or RD - rural development) loan offers many benefits. All mortgage products have different qualification criteria, but a great loan officer help you decide which product fits you best. Let’s take a closer look at what a USDA, or rural development loan, has to..