Loan Program News

  Homestead Exemption is a tax reduction allowable to homeowners who make their property their permanent residence. If approved, this exemption could reduce the taxable value of your residence by up to $50,000. The first $25,000 of this exemption applies to all taxing authorities. The second $25,000 of exemption excludes School Board taxes and applies…

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  In line with the Federal Housing Finance Agency (FHFA) announcement, both Fannie Mae and Freddie Mac are increasing their maximum base conforming and high-cost area loan limits on January 1, 2018. Starting January 1st, the maximum conforming loan limits in most areas will be $453,100, an increase from $424,100 in 2017. FHA and VA have not…