Due to the rise in home values during this period, the FHFA has announced an increase in the maximum baseline conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac for 2025. Each year, the U.S. Department of Housing and Urban Development (HUD) Federal Housing Administration (FHA) updates its annual loan limits. These […]
Archives for January 2025
Why people move
While higher interest rates have prompted many potential homebuyers to pause their plans, despite market conditions, life continues, and there are always compelling reasons to make a move. People change their living situations for a variety of reasons. While higher interest rates have prompted many potential homebuyers to pause their plans, despite market conditions, life […]
Gift Giving to First-Time Homebuyers
Shutterstock The lack of a down payment is one of the biggest barriers for first-time homebuyers, and an FHSA is an excellent way to address this challenge. In 2025, you can give up to $19,000 per person without triggering the gift tax. You’re allowed to make multiple $19,000 gifts to as many individuals as […]