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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...

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. :)