Elevating Homeownership: We're Boosting Our Conventional Loan Limits!
Hey there, future homeowners! We've got some fantastic news to share. Mountain West Financial is thrilled to announce that we're increasing our conventional loan limits to $750,000! And guess what? We're doing it ahead of the Federal Housing Finance Agency's (FHFA) 2024 announcement. So, what does this mean for you? Let's dive in!
More Bang for Your Buck in Pricier Areas
One of the most significant advantages of this increase in loan limits is the greater affordability it brings to high-priced real estate markets. Prospective homebuyers in areas with steep housing costs can now access larger loan amounts without resorting to more complex and potentially riskier Jumbo loans. This means buyers can consider a broader range of properties and have more flexibility in purchasing decisions.
Credit Scores? We Got You Covered!
The raised loan limits also allow for a more lenient approach to credit scores. With our expanded conventional loan options, homebuyers with credit scores that may not meet the criteria of other high-balance programs can still secure financing for their dream home.
A Little More Room for Your Financial Situation
We understand that everyone's financial situation is unique. That's why we're making room for slightly higher debt-to-income ratios. This means buyers with slightly higher existing debts can still qualify for a conventional loan, offering them a wider range of opportunities in the housing market.
Gain the Edge in a Competitive Market!
Low inventory levels have made competition fierce in today's real estate landscape. Prospective buyers often face multiple offers on desirable properties, making it challenging to secure their dream home. By choosing Mountain West Financial and taking advantage of our increased loan limits, buyers gain a competitive edge. They have the flexibility to make stronger offers and stand out in a crowded market.
Why Choose Mountain West Financial?
Top-Notch Service
At Mountain West Financial, exceptional customer service is at the heart of everything we do. Our team of dedicated professionals is committed to providing personalized guidance and support throughout the home-buying process. We understand the significance of this milestone, and we're here to make it a smooth and positive experience for every client.
Decades of Know-How
With three decades of experience in the mortgage industry, Mountain West Financial brings a wealth of knowledge to the table. Our seasoned experts have weathered various market conditions, gaining insights and expertise directly benefiting our clients. We have a proven track record of success and a deep understanding of the intricacies of the lending landscape.
Tech That Makes Life Easier
We believe in keeping things simple and convenient. Our seamless online tools provide convenience and accessibility, allowing clients to navigate the process with ease. From online applications to secure document uploads, we've streamlined the process to save our clients time and effort.
At Mountain West Financial, it's all about making homeownership dreams a reality with more affordability, flexibility, and a competitive edge in today's market. We're not just your mortgage partner but your trusted guides on this journey! Get in touch with us today, and let's turn that dream home into a reality!
* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.
