Month: November 2020

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Should I Waive a Home Inspection? Why Buyers Are Willing To Right Now

Category : blog

I don’t recommend it!

Should I Waive a Home Inspection? Why Buyers Are Willing To Right Now

Between COVID-19 and the competitive housing market, some buyers are waiving their home inspection. Is this ever a smart idea?


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Tips for Holiday and Winter Fire Safety

Category : blog

Wouldn’t want you to burn down that house you just bought!

Tips for Holiday and Winter Fire Safety

Pillar To Post Home Inspectors provides tips for holiday and winter fire safety.


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2021 Mortgage Loan Limit Increases

Category : blog

The Federal Housing Finance Agency (FHFA) has announced the 2021 conforming and high balance loan limit increases. Starting Nov. 24, 2020, you can lock Conventional loans in H2O with the new loan limits.

2021 Conforming and High Balance Loan Limits

The base conforming loan limit will increase from $510,400 to $548,250.

Conforming Loan Limits
Number of Units Maximum base conforming loan limits for properties (excludes Alaska and Hawaii) Maximum base conforming loan limits for properties in Alaska and Hawaii
  2021 2020 2021 2020
1 $548,250 $510,400 $822,375 $765,600
2 $702,000 $653,550 $1,053,000 $980,325
3 $848,500 $789,950 $1,272,750 $1,184,925
4 $1,054,500 $981,700 $1,581,750 $1,472,550

 

The high balance loan limit will increase to $822,375 (150 percent of $548,250) for one-unit properties in the contiguous U.S.

 

High Balance Loan Limits
Number of Units Maximum base conforming loan limits for properties (excludes Alaska and Hawaii) Maximum base conforming loan limits for properties in Alaska and Hawaii
  2021 2020 2021 2020
1 $822,375 $765,600 Alaska and Hawaii don’t have high cost areas Alaska and Hawaii didn’t have high cost areas
2 $1,053,000 $980,325
3 $1,272,750 $1,184,925
4 $1,581,750 $1,581,750

 

There are no counties in Alaska and Hawaii considered high cost with higher loan limits than the applicable base conforming limits for 2021. As a result, there are no high balance limits specific to Alaska and Hawaii.

 


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The 6 Worst Homes for First-Time Buyers

Category : blog

There are certain kinds of homes all first-time buyers should avoid.

The 6 Worst Homes for First-Time Buyers

There isn’t a one-size-fits-all formula for choosing your first home. (If there were, we’d tell you.) But there are certain kinds of homes you should avoid.


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Kiss Frontman Gene Simmons Selling His Rock Star Estate for $22M in Beverly Hills

Category : blog

He owned it for nearly 35 years!

Kiss Frontman Gene Simmons Selling His Rock Star Estate for $22M in Beverly Hills

Kiss frontman Gene Simmons is kissing his Beverly Hills home goodbye. On the market for the first time ever, the estate can be yours for $22 million.


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15 All-Time-Favorite Houzz Photos Shared by Readers

Category : blog

It’s OK to fantasize 😲

15 All-Time-Favorite Houzz Photos Shared by Readers

For Houzz’s 10th anniversary, we asked readers to share their favorite photos. Here are a few that caught our attention


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15 Trendy Covered Patios and Decks to Take Fall Parties Outdoors

Category : blog

15 Trendy Covered Patios and Decks to Take Fall Parties Outdoors

With early fall firmly setting in almost all over the globe; many might feel that the time for fun parties outside is more or less over. Of course, that


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How to Buy a Home Without a 20% Down Payment

Category : blog

Most buyers will not need 20% down to buy a home!

How to Buy a Home Without a 20% Down Payment

Despite what you may have heard, buying a home does not require a 20% down payment. Here are some alternatives, and whether they're right for you.


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9 Comics That Show What It’s Like Being a Real Estate Agent

Category : blog

In case you want to step into the lighter side of my career

9 Comics That Show What It’s Like Being a Real Estate Agent

9 Comics That Show What It’s Like Being a Real Estate Agent By Lighter Side Staff  |  Read More Inner Circle members: Share a personalized version of this article from the members area. 1. 2. 3. 4. 5. 6. 7. 8. 9. Members: Sign in here to share this article with your branding. Sign in here. Not…


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Thai Home is a Relaxing Abode Covered by Forest Canopy

Category : blog

Who wants to live in a treehouse?!

Thai Home is a Relaxing Abode Covered by Forest Canopy

It is one thing to go to relaxing, natural escape that takes you into the heart of a tropical jungle for an unforgettable vacation. It is a completely


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