Cindy Ante, Realtor

03/30/2023

Sold! - Stunning Villa tucked away in highly sought after Golf Course and Country Club community; secluded salt pool oasis in the heart of the Award-Winning Carroll ISD. ⛳️ 😍

03/22/2022

😻Dallas, TX 75237🤠

$250,000🏠

3 Beds🛏️
2 Bath🛁
1290 SqFt 📐🐾

Welcome to your new home that features 3 bedrooms, 2 bath...

03/19/2022

FOR SALE - ARLINGTON 😍

Property is entire remodel in 2020 with porcelain tiles a...

03/07/2022

IABS/CPN

12/17/2021

I had SO much fun; thank you for always going all out, and to our sponsors and lovely host:

12/14/2021

The Federal Housing Administration is raising its lending limits to keep pace with home price inflation. The new baseline limit — which applies to most single-family homes — will be $420,680. 🎉😍😃

That’s nearly a $65,000 increase over last year’s FHA loan limit of $356,360.

FHA loan limits are even higher in expensive areas, with single-family loans maxing out at $970,800 in expensive metros.

🧐

What is an FHA loan???????

The FHA loan is a type of mortgage meant to help lower-income and/or lower-credit buyers become homeowners.

With looser eligibility standards, the FHA program makes it easier to qualify for a mortgage even if your finances aren’t perfect.
😍😍😍
Exact rules can vary by mortgage lender. But you can typically qualify for an FHA loan with:

*A credit score of 580 or higher
*A down payment of 3.5% or more
*A debt-to-income ratio of 45% or less
*Stable income and employment
*A 2-year employment history
It’s important to note that the Federal Housing Administration is not a lender. So you wouldn’t go “to” the FHA to get a mortgage loan.

Rather, the FHA insures these mortgages and mainstream lenders offer them. So you could get an FHA loan from most any bank, lender, or credit union.

BUT WAIT -THERES MORE!! (INVESTORS, or people with Roommates that want to HACK their mortgage)

FHA multifamily loan limits
The Federal Housing Administration also backs mortgages on 2-, 3-, and 4-unit properties. These types of homes have higher loan limits than single-family residences.
Although FHA allows multifamily home loans, the property must still be considered a ‘primary residence.’ That means the homebuyer needs to live in one of the units full time.

In other words, an FHA loan cannot be used to purchase an investment property. However, you can use an FHA mortgage to purchase a 2-4 unit property, live in one unit, and rent out the others.

In this way it’s possible to get a multifamily loan up to $1.9 million with a low-rate FHA loan and just 3.5% down payment.

SNAPP MEDIA

10/22/2021

My kitchen moodboard is filled with these gorgeous natural color cabinets lately!

I'm still obsessed with gallery walls (you don't need to confine art to the more formal rooms), because kitchen's shouldn't feel clinical, they should be cozy! Little details go a long way, like: antique furniture, backsplashes, light fixtures, and one-of-a kind art pieces.