Is Now a Good Time to Buy a Home?

Is now a good time to buy a home? Yes, it is. In fact, winter and spring 2023 will likely be the best window homebuyers will have for the next several years. There are a lot of misleading headlines out there right now about interest rates, housing price drops and a potential crash of the […]

Boston Conforming Loan Limits 2023

Greater Boston Conforming Loan Limit Raised to $726K The maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac will increase by 12 percent in 2023, with the limit for two Massachusetts counties exceeding $1 million. The Federal Housing Finance Agency said in a statement today that the loan limit […]

FHA loan requirements

What are the FHA loan requirements in 2023 Federal Housing Administration (FHA) mortgage loans are popular for two reasons: low credit score and low down payment requirements. FHA mortgage loans are especially popular among newer buyers. First-time homebuyers made up more than 83% of FHA purchases in 2020. FHA loans have their downsides, too, like permanent mortgage insurance. But […]

FHA Loan Credit Score: Do You Qualify?

Your credit score is one of the key factors in getting a mortgage. But you can buy a house even if your score is low –  especially if you opt for a government-backed mortgage, like an FHA loan. FHA loan credit score requirements are more lenient than you’ll find with most conventional mortgages, making it […]