“It has been an unusual season in the mortgage market and home buyers are feeling the impact of rising home values ââin addition to low inventory.” Aaron Van Trojen, said the CEO of Geneva Financial. âWe are committed to providing opportunities for borrowers and saw the need to work with our aggregators to increase conventional loan limits ahead of the FHFA announcement. ”
Due to the substantial rise in home values, borrowers are being pushed into jumbo loan products to obtain financing for homes that would have qualified for conventional financing 12 to 18 months ago. Jumbo loans have higher rates, larger down payments, and stricter eligibility requirements. The increase in loan limits will temporarily allow Geneva borrowers the opportunity, in these unusual market circumstances, to obtain conventional financing at lower rates.
With over 130 branches nationwide, Geneva Financial Home Loans offers countless products focused on buyers and homeowners, including Conventional, FHA, VA, USDA, Refinance, Reverse, Jumbo Loans and Condo Financing as well as down payment assistance programs, first-time home buying programs. , doctor loans and hero loans for first responders, police, firefighters, nurses and teachers. If you need help navigating the current market, contact your local Geneva Financial representative to start the conversation and learn more about Geneva full range of products on https://www.genevafi.com/loan-products/
About GenÃ¨ve FinanciÃ¨re
Founded in 2007 by Aaron Van Trojen, Geneva Financial (NMLS 42056) is a direct mortgage lender with registered office at Chandler, Arizona with over 130 branches in 45 states. Our mission at Geneva Financial is to approach every aspect of our business from the inside out. With a forward-thinking mindset, we focus on our loan originators and support staff first to ensure an unbeatable experience for our clients.
Our core values ââwere created as a daily reminder to operate with the inside-out approach in mind. Core Value # 1 is the backbone of all of our Core Values, Mission, and Brand Vision: Home Loans Powered by PeopleÂ®. Find out more about Geneva financial mortgage real estate loans on www.GenevaFi.com
SOURCE GenÃ¨ve FinanciÃ¨re