Financing the buying of a home in the Salem Oregon metro area.

FHA loan limits increase

FHA has been revising its loan limits across the country, which is good news for many potential home buyers. The loan limits are different for each county in the United States depending on real estate costs. With 100% financing become very difficult, many people with excellent paying jobs, but not enough for a large down…

Fannie and Freddie

When you see a lender to take out a loan for a home, the bank either retains the loan in house, or sells in on the secondary mortgage market. . Banks “bundle” loans together and sell them off to investors. The secondary mortgage market only buys loans, they don’t start them. The secondary mortgage market…