Tampa, FL – Announcing the new loan limits for the year 2021, the representative for the mortgage brokers noted that the expansion now allows more members of the community to access higher loan amounts for bigger homes, all while continuing to enjoy the best loan rates as promised by the company.
Making the announcement, the mortgage broker’s representative added, “Tampa One Mortgage has some exciting news in regards to the 2021 limits for FHA and Conventional loans. Loan limits will be increasing to $356,362 for FHA, which is an increase of almost $25,000 from 2020. The new conventional loan limit will be increasing to $548,250, which is up almost $30,000 from the 2020 limit.”
Encouraging more members of the community to take advantage of the new loan limits for the year 2021, allowing them to buy the homes of their dreams while also enjoying wholesale rates, The Mortgage Firm Tampa One representative further added, “We are able to begin closing on these types of loans with the new limits for 2021 effective immediately. This means FHA buyers can potentially qualify with 3.5% down for a home with a sales price in the vicinity of $369,000. Qualified conventional buyers can procure a home with up to a $577,000 purchase price with 5% down.”
The new changes will be more significant for Jumbo buyers, especially those that are interested in the 20 percent down payment on a Jumbo Loan.
“This change is significant for Jumbo buyers if you are looking at 20% down on a jumbo loan. Buyers can actually go up to a $685,000 purchase price and still get a conventional loan, which gives us the ability to offer significantly better interest rates and a few different options.”
Added to the new changes to the loan limits for the year 2021, Tampa One Mortgage promises that all applicants will have access to premium quality services, as well as a fast application process that will qualify them for the best loans in the area.
Tampa One Mortgage remains committed to making sure that the members of the Tampa, FL area have access to the best mortgage loan options. To discuss options, interested individuals can reach their team by calling 813-644-6001 or visit the company’s website. Tampa One Mortgage is located at 6521 Gunn Hwy, Tampa, FL 34655, US.
Company Name: Tampa One Mortgage
Contact Person: Christopher Kidder
Email: Send Email
Address:6521 Gunn Hwy
Country: United States