My New Blog

Today is was announced that Pasco County is a distressed market.  What that means is conventional financing maximum loan to value is 90%. You would use conventional financing for primary residence, second home and investment properties.  FHA loans are a way to overcome this; however, FHA financing is for primary residence only and the maximum loan amount in our market is $222,300.  FHA is expected to raise the loan limits on 3/7 but I do NOT have that in writing as of yet.  There is also discussion they will reduce the required down payment from 3% to 1.5% - again I do not have that in writing.

When in doubt write your offers as FHA loans to save time and stress.

I will be doing FHA training in the office VERY soon. 

Should you have any questions, please do not hesitate to call me.

Stacey

Stacey Van Schenck
Home Mortgage Consultant
Capstone Home Mortgage LLC, An Affiliate of Wells Fargo Home Mortgage
MAC M1965-011
3126 Little Road
Trinity, FL 34655
727.842.6275 Tel
727.843.8654 Fax
866-406-7661 Fax
https://www.homeloans.com/wfhm/stacey-vanschenck/index.page