Topic: Homebuying

Purchasing a Condo or Townhome

Row of townhomes

Townhomes and condominiums can offer homeowners many benefits, including convenience and lower maintenance, but purchasing this type of home can also present challenges. Due to the way condos and townhomes are categorized by mortgage lenders, they often have mortgage requirements that are...

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FHFA Increases Conforming Loan Limit for 2020

The Federal Housing Finance Agency has announced that it is raising the conforming loan limits for Fannie Mae and Freddie Mac to more than $510,000. In most of the U.S., the 2020 maximum conforming loan limit will rise to $510,400...

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Understanding Homeowners Associations

If you are considering the purchase of a home in a subdivision or condo complex, it is likely that you will become a member of a homeowners association (HOA). An HOA is comprised of all of the homeowners in the...

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