What the heck is Government-Sponsored Enterprise (GSE) Reform?

Headquartered in Washington DC, Fannie Mae is the largest U.S. home funding company.
What the heck is a GSE and what does it have to do with your mortgage? Glad you asked. Here's the gist of it.

Automated Underwriting & Appraisal Waivers

Wooden house and magnifying glass.
The great thing about automated underwriting systems for appraisals is that the system "stores" the appraisal information and makes it more likely that a future transaction for the same property will receive an appraisal waiver. But how does it all work?

Loan Limit Increases Announced for 2020

Wooden houses and up arrow. The concept of increased housing prices.
As home prices continue to rise across the country, so, too, must the conforming loan limits. Let's take a look at what's happening and how it will affect Jefferson County.

Appraisal Wait Times: The New Normal

Clipboard with Home Appraisal Attached
We have a new normal in Jefferson County, WA: three week turn-times for appraisals.

Fed's Expected Interest Rate Cut

The Feds are expected to lower interest rates during their meeting this week. But what does that mean for mortgages?

Low Appraisals

Picture of a gray two story house.
When an appraisal comes in low, the buyer has a decision to make. What are the options and what are the implications of each? This is best understood if we look at a few examples.

VA Jumbo Loans

What's the maximum VA loan amount? There isn't one. But if you borrow more than $484,350 (in Jefferson County, WA), you'll have to come up with a down payment.

Buy Before Selling

Real Estate Sign Pending Home Sale
"How do I buy a new home before selling the home I already own?" There are many solutions to this common question.