The Veterans Affairs office has made adjustments to the way VA Loans can now be done in these uncertain times.
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Category: News
New appraisal and origination requirement changes announced due to COVID-19
Special measures have been taken to help account for challenges facing the real estate market due to COVID-19. Here are the temporary flexibilities in place to facility the continuation of transactions for buyers.
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Market Update for March 17th
COVID-19, the Federal Reserve cuts rates, and Rate locks now good for 60 days. A lot is going on in the housing market and the country as a whole. Let's dive in, and see how this could affect you and your mortgage.
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Regarding COVID-19: A Note From Benchmark
Dear Benchmark Clients, Partners, Vendors and Staff: As our nation and the world continues to deal with the issue of the coronavirus, it is important that we provide you information regarding steps Benchmark is and will take to protect our collective health and mortgage operations. The measures described below are in place or being enacted; …
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FHFA Announces Conforming Loan Limit Increase In 2019
The Federal Housing Finance Agency has announced that the maximum conforming loan limits for mortgages has increased. In most of the country, the confirming loan limits will increase nearly 6.5%, from $453,100 to $484,350 for 2019. For most high-cost areas, where 115% of the local median home value exceeds the loan limit, the loan limit …
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Benchmark and The Patriot Tour by Team Never Quit!
Benchmark Mortgage is proud to announce our partnership with Team Never Quit. This year, we will be hitting the road with the 2018 Patriot Tour! Our Team is proud to have changed the way VA lending is done, and we take a “never quit” attitude with our veterans and their dreams. NO MORE will the …
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Benchmark Introduces New Program to Expand Options for Medical Professionals
Benchmark has launched a new mortgage product that is customized to the unique career and financial outlook of professionals in the medical field. Last year, we launched the Medical Doctor Loan Program to better serve medical residents and doctors. Now we have further expanded our options for medical professionals to include jumbo loan amounts up …
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HUD Announces New FHA Loan Limits
Yesterday, December 7, 2017, the Federal Housing Administration announced that for 2018, 3,011 out of 3,141 counties in the U.S. (~96% of the nation) will see an increase in FHA loan limits. Ceilings and Floors In high-cost areas, the FHA’s loan limit ceiling will increase this year to $679,650, up from $636,150, providing a $43,500 …
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Conforming Loan Limits Set To Increase For 2018
Last year, the conforming loan limit was set to increased to $424,100 for this year (2017). Now, most of the United States will see an increase for single unit properties to $453,100 for 2018. The HERA (Housing and Economic Recovery Act) indicates that the baseline conforming loan limit should be adjusted with the change in …
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National Home Price Index Up 6.2% In Last 12 Months
Source: September S&P CoreLogic Case-Shiller National Home Price NSA Index Up 6.2% In Last 12 Months Recent Analysis of the September HPI figure show as a 6.2% annual gain in home prices, up 5.9% from the previous month. Several large markets that were hit hardest in the financial crisis are reporting the highest gains, including …
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