Mortgage Information

MassHousing Down Payment Assistance for Homebuyers

First time home buyers often struggle with saving up enough money for a down payment. During that time, home prices and interest rates continue to rise, making it even more challenging to buy. If Read More >

Using Wedding Gift Funds to Purchase a Home

If you're getting married, one of the next major events in your life is probably purchasing your first home together. In fact, you may want to use the cash gifts from your wedding towards your down Read More >

New 2018 Limits For FHA Loans In Massachusetts

The Federal Housing Administration (also referred to as FHA) has published the loan limits for case numbers issued in 2018. These limits are reviewed on an annual basis in consideration of sale prices Read More >

Massachusetts Bridge Loans – Overview Of Bridge Loans

Homeowners selling and purchasing simulataneously can face challenges with coordinating both transactions, particularly in competitive markets. Bridge loans are an alternative for homeowners facing Read More >

FHA PMI Rate Reductions Cancelled

We were so happy to announce a few weeks ago that the FHA monthly PMI rates were going to drop later this month. However, an important change has taken place. Last Friday, the Trump Read More >

Reduced Monthly Mortgage Insurance Rates for FHA Loans Starting January 27, 2017

UPDATE 1/20/17: This rate reduction was cancelled by the Trump Adminsitration. Click here for details. The beginning of the new year comes with some BIG news for first time home buyers. FHA announced Read More >

Well Water Requirements for FHA Loans

If you are purchasing a home in Southern NH or certain communities in Eastern MA, you may be dealing with well water. When using an FHA loan to purchase homes, it's important to be aware that the well Read More >

FHFA Increases Conforming Loan Limits for 2017

The Federal Housing Finance Agency (FHFA) has finally decided to increase conforming loan limits for 2017 under Fannie Mae and Freddie Mac. This is great news for home buyers purchasing in this ever Read More >

Preparing for FHA Appraisals

When you obtain a mortgage, either to purchase a new home or refinance an existing home, an appraisal is required. For FHA Home Loans, appraisers must evaluate property safety conditions and ensure Read More >

Homeownership Bridal Registry Accounts

After getting married, many couples move on to purchase a new home. Wouldn't it be great if wedding guests could contribute to a couple's down payment on their new home as a wedding gift? Actually, Read More >