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Mortgage and Lending - Home Loans by Sean Young - New American Funding - NMLS: 191647
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VA Funding Fee VA home loans require an upfront one-time payment called the VA funding fee. The fee is a percentage of the loan amount and is paid in cash at closing, or more commonly is applied to your loan balance reducing your out of pocket expenses.   Why Do I Have To Pay This Fee? The VA Fu...
2015 Colorado Conforming Loan Limits Regular conforming loan limits for 2015 are unchanged from 2014. However, high-cost area loan limits in 46 counties across the US did increase. Colorado had 11 county increases, they are marked in yellow in the graph below. Colorado counties that were increas...
  2015 VA Colorado Loan Limits    As of January 1st, 2015 VA loan limits will be the same as Conforming loan limits based on the median home values for a particular area per the Federal Housing Finance Agency (FHFA). VA allows loans on one-unit to four-unit properties, but the one-unit max loan ...
      2015 FHA County Loan Limits for Colorado FHA said loan limits for the highest cost areas of $625,500 and the lowest cost areas at $271,050 will remain unchanged. No County will see a decrease this year. In fact Colorado received 12 county loan limit increases for 2015. The FHA loan limit in...
    2015 Nationwide Conforming Loan Limits   Even though some counties did increase the 1-unit loan limit, the max loan for any conforming loan is $417,000. Any amount over $417,000 up to the max county high-cost loan limit is considered a High Balance conforming loan. Any amount over the High B...
  FHA Annual Mortgage Insurance is Going Down!  Can you believe it? On January 26th, 2015 HUD will be reducing the FHA Annual Mortgage Insurance Premium (MIP) by 0.50% on 30-year loans! The announcement on January 7th was unexpected, appreciated and much needed. Finally FHA will be more affordabl...
Home Loan Pre-Qualification or Pre-Approval?     When you make the decision that you want to buy a home, the fun and exciting part is actually looking for homes online and in person. However, before you actually start to look in person or before you fall in love with a certain property you need t...
  Are you nervous about buying your first home?  Don't worry you are not alone. Buying a home can be very stressful even if it's your 10th time doing it. Feeling anxious or being nervous is perfectly normal when buying a home. Did you find the right property, the right area, are the schools any g...
  Would you buy a home today if did not have to worry about the down payment?   Then this program may be exactly what you have been waiting for.     What is the NHF 5% Grant Program? The NHF Platinum 5% grant is is a down payment assistance program that actually gives you a 5% grant to go toward...
  To Pin this infographic for later click below:     For more on Colorado VA County Loan Limits click here    

Sean Young

Colorado loan officer
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I literally fell into this business, 42 feet to be exact. Straight down an elevator shaft 17 years ago. Ever since I have been a Colorado loan officer - My goal is to always make the loan transaction as stress free as possible and to always close on time. For some reason lenders forget that contract dates actually mean something. Go figure...right? Weird, I know! - I Currently sponsor weekly training webinars that feature ways to help your business by presenting cutting edge, innovative technology, strategies and transforming ideas to meet current market conditions. - I believe that success breeds success and that we are at our best when we are helping others to succeed. Basically a Zig Ziglar fan. :)