Blog
Gifts
I am not a tax advisor. But many clients have questions about how gifts both affect their mortgage application and their taxes. I am happy to explain: Gift amounts There is no limit to the amount of the gift. You may receive multiple gifts from multiple sources. 2. Gift sources A gift can be provided…
Read MoreMulti-Unit 5% Down
With a conventional loan we are now able to finance primary residence multi-unit properties of 2-4 units with 5% down without income limits/caps! To put down 5-24.99%, a buyer will need to occupy one of the units for minimally one year after purchasing. Learn more Https://alexjaffe.com/occupancy If a buyer wishes to invest and not occupy…
Read MoreUnderstanding 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
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