Yuma Mortgage Information - Buying a Home - Elizabeth Carpenter - Long Realty

Office:
Long Realty
10602 Camino Del Sol
YUMA, AZ 85367

Office Phone:
(928) 342-1033

Cell Phone:
(928) 503-0110

Fax:
(928) 342-6242

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us an email

Yuma Mortgage Information

Due to the rise in identity theft I would highly recommend that you check your credit report at least once a year. A recent amendment to the FCRA (Fair Credit Reporting Act) allows you to receive a free credit report annually. It will be available to all U.S. States by Sept. 1, 2005.

The conforming loan amount limit for 2008 is $417,000. Anything above is a jumbo loan which carries higher interest rates.

FHA loan limits for 2008: $271,050

VA loan limits for 2008: 1 unit - $417,000; 2 units - $533,850; 3 units - $645,300; 4 units - $801,950

FICO 08 - New Math of Credit Scores for 2008

Reverse Mortgage - A reverse mortgage is a special type of loan used by homeowners 62 and older to convert part of the equity in their homes into tax-free cash.

*rates good through December '08

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