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Understanding Closing Costs
There are five primary categories of closing costs: Lender fees Title Attorney costs, including title insurance Transfer taxes to local government Real Estate Agent Commission/Fee Upfront deposits for escrows and prepaids In addition to the main categories, there are going to be miscellaneous costs which vary by transaction. For instance if you are buying a…
Read More2026 Limits
Each year the Federal Housing Finance Agency (FHFA) announces changes to loan limits based on changes to average home prices. For 2025, loan limits for conforming and FHA loans are: Conforming or FHA: $832,750 Conforming Jumbo or FHA jumbo: $1,249,125 These numbers are increases from the 2025 numbers of $806k & $1,209k A conforming loan…
Read MoreServicing
Watch the video to learn more about mortgage servicing. Pre-Qualify Now: https://ajaffe.firsthome.com/startapp ajaffe@firsthome.com 240 – 479 – 7658
Read MoreMedpal
Full time employees of Montgomery County and buying in Montgomery County may be eligible for Medpal, which provides a $25,000 forgivable down payment/closing cost assistance loan. This program is a part of the Maryland Mortgage Program but is an enhancement of the product, but only for county employees of certain departments. The assistance cannot…
Read More2025 Limits
Each year the Federal Housing Finance Agency (FHFA) announces changes to loan limits based on changes to average home prices. For 2025, loan limits for conforming and FHA loans are: Conforming or FHA: $806,500 Conforming Jumbo or FHA jumbo: $1,209,750 These numbers are increases from the 2024 numbers of $766k & $1,149k. A conforming loan…
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