QUESTIONS?

CALL US: 703-319-2198


Select New Lending Limits for 2024

Published on Jan 09, 2024 | Reverse Mortgage HECM Reverse Mortgage VA LOAN Lending Limit increase Jumbo Reverse Second Trust
Select New Lending Limits for 2024
Select New Lending Limits for 2024

 

 

• HECM Reverse Mortgages (Government Insured FHA): $1,149,825

• Jumbo Reverse (Private Label): $4,000,000 (higher loan amounts require exceptions based on market conditions)

• Jumbo Reverse-Standalone Second Trusts: $4,000,000 (Florida Only)

• Fannie Mae/Freddie Mac Conforming Loans: $766,550

• FHA loans: $1,149,825 (Government Insured)

• VA Loans with No Down Payment: $766,550 (limit for typical US county)

• Closed-end Standalone Second Trusts: $500,000

 

George H. Omilan
President-CEO - NMLS# 873983
Jefferson Mortgage Group LLC - Mortgage Specialist

Programs:  Traditional QM (Fannie Mae, Freddie Mac), government insured HECM Reverse Mortgages, and Non Traditional Non QM Mortgages commonly referred to as Specialized Forward Mortgages including “Alt-A Investor loans” and DSCR (Debt Service Coverage Ratio) loans up to 85% LTV, both Full doc and No Income-No Employment (No Doc) for the investor community. Our expanded niche products also focus on the more traditional FHA & VA with Lower Score and higher Debt-to-Income Options, Fixed & Variable Jumbo loans, and Private Label Reverse mortgages for higher priced homes. We are also highly focused on specialized loans for the Self-Employed borrowers with our Bank Statement & Asset Dissipation Programs. We are committed to offering a full range of “Non-QM Loans” for expanded qualification, where the banks and large-scale lenders dare to go.

Recent Posts

Blog Tags

Reverse Mortgage HECM Reverse Mortgage Retirement Planning supplemental retirement income Seniors Retirement security Short Sales Financial Planning Traditional Mortgage Home Care Age in Place lifetime income with a Reverse Jumbo Reverse Mortgage solutions for underwater properties Government insured mortgage home equity access HECM for Purchase Long Term Care Retirement income insecurity Social Security forgiven mortgage debt Mortgage Loan Process Eligibility for Reverse Mortgage Specialized Forward Mortgages Debt Mitigation Non QM private label reverse mortgage reverse credit line mortgage Investor Loans mortgage debt forgiveness act self-employed borrower VA LOAN FHA HUD Annuity Loan modification Real Estate Investment Loans foreclosure cashflow bank statement loan 55+ Reverse to Purchase Mortgage Financial Assessments No Doc Investor Loans VA Low Score Jefferson Mortgage Group HECM Changes Interest Rates Inflation investor financing Real Estate Market Sandwich Generation Jumbo Reverse Second Trust mortgage debt Reverse Mortgage Eligibility manual underwrite Construction Loan Fed Real Estate Economy HELOC QM Lending Limit increase DSCR 2025 changes modify your loan with your lender mortgage debt relief act Housing Market Mortgage Deliquency Non-recourse loan Fiscal Cliff Medicare Mortgage Rates Senior Advocate Blanket Loan Home improvements Diversification Low Credit Score Estate Plan Senior Care Inflation Jumbo Mortgage Loan Rentership Credit Score down to 500 Second Trust Gray Divorce bankruptcy MIP 2023 changes growth factor downsizing Hard Money Loan Trump Principal Limit Factor Commercial Real Estate 2021 Changes Debt Treasury DSCR Asset Qualifer FINRA Housing Prices Business Cash-flow Property-based loan Residual Income Asset Based Mortgage HECM to Purchase OBBBA Seller Contribution Second Trust Prequalification Unrestricted Approval Non-Qualifying Loan success story High-Value Homes LESA occupancy requirements ATR Rule assisted living LLC