Have you been stumped in your attempts to pick up a second home or investment property in the Copper Mountain or Summit County real estate markets because of "loan problems"? If so, it’s time to try again!
The recent economic stimulus package offered by the federal government increased the loan limits for government sponsored enterprises (GSEs) up to $729,750 for properties in Summit County! The former loan-size limit for Fannie Mae and Freddie Mac topped out at $417,000 in the last couple of years but JUST INCREASED to the gracious figure of $729,750 - offering "boomers" doable financing for dream homes! The new GSE-loan limits reflect the rising prices for condos and homes in Copper Mountain and Summit County. Also, some of these new programs require less of a down payment and afford consumers the opportunity to purchase a more expensive property in the county.
If you’d like to talk with a mortgage specialist about how these recent changes may benefit you and your purchase, please contact Rob McCarthy, owner of The Honte Group. Rob’s contact information is below.
The Honte Group
Rob McCarthy, Owner
910 E. Hamilton Ave. STE 250
Campbell, CA 95008
(408) 377-4123 - Phone
(408) 608-1921 - Fax
rmccarthy@thehontegroup.com
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