NMLS ID: 398557

Are you having a Hard Time with Your Bank or Lender Approving Your Home Loan? 

We can help.

                                                                                                                                                         Copyright 2017. HomeLoansByU, Inc. All rights reserved

This is not a commitment to make a loan. Loans are subject to borrower qualifications, including income, property evaluation, sufficient equity in the home to meet LTV requirements, and final credit approval. Approvals are subject to underwriting guidelines, interest rates, and program guidelines, and are subject to change without notice based on applicant's eligibility and market conditions. Refinancing an existing loan may result in total finance charges being higher over life of loan. Reduction in payments may reflect longer loan term. Terms of the loan may be subject to payment of points and fees by the applicant. Home Loans By U, Inc. is an Equal Opportunity Mortgage Broker Firm and an Equal Housing Mortgage Broker Firm. NMLS 398557.

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Will Pinnick President

of Home Loans By U, Inc.

Thank you for the opportunity to

to earn your business and we look

forward to becoming your family's 

trusted Home Loan experts.

Conforming Loans

Conforming loans have terms and conditions that follow the guidelines set forth by Fannie Mae and Freddie Mac.

 

These two stockholder-owned corporations purchase mortgage loans complying with the guidelines from mortgage lending institutions, packages the mortgages into securities and sell the securities to investors. By doing so, Fannie Mae and Freddie Mac, like Ginnie Mae, provide a continuous flow of affordable funds for home financing that results in the availability of mortgage credit for Americans.

Fannie Mae and Freddie Mac guidelines establish the maximum loan amount, borrower credit and income requirements, down payment, and suitable properties. Fannie Mae and Freddie Mac announce new loan limits every year.

 

The 2014 conforming loan limits for first mortgages in Florida:

One-family

$417,000

Two-family

$533,850

Three-family

$645,300

Four-family

$801,950

 

The loan amount for second mortgages in Florida is $208,500. The sum of the original loan amounts of the first and second mortgages cannot exceed $417,000.

NMLS ID: 398557

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