Archive for November, 2005

Conforming Limits for 2006 Officially Announced

The Office of Federal Housing Enterprise Oversight (OFHEO) has released the new Fannie Mae and Freddie Mac conforming loan limits for 2006. These amounts are sinificantly above the anticipated increase, and up 16% from 2005! The maximum loan limit for purchase is adjusted annually to reflect changes in median home prices. These new limits go [...]

Energy Efficient Mortgages

photo credit: twicepix Energy efficient mortgages (EEM) are stirring interest among home buyers, lured by the promise of lower monthly utility bills and the ability to qualify for larger home loans, enabling buyers that may have been priced out the rising housing market to buy larger and better homes. Energy efficient mortgages allow home buyers [...]