Posts by Alexander Jaffe
2025 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…
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 MoreFHA100
FHA 100 is a new loan program featuring a down payment assistance loan of 3.5% or 5% of the purchase price. This down payment assistance loan is used to cover the minimum 3.5% down payment on an FHA loan. This loan product is available throughout DC, MD, VA and NC. This loan program involves two…
Read MoreHome Equity Loan
A home equity loan is a secondary mortgage behind your existing loan! It allows you to cash out equity for a variety of purposes including financing renovations or consolidating higher interest rate debt. This loan is available on a primary or secondary residence. Your existing mortgage plus the new home equity loan can finance up…
Read MoreCommunity
This program is eligible for loans closing up until 6/20/25 and thereafter it will be closed. Our Community grant is paired with a conventional 30-year fixed mortgage, and is a $3,000-$5,000 grant depending on eligibility and income. It’s available in MD, DC and VA. This grant may be used towards a down payment or…
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