Category: Community Updates

FHFA Announces an Increase in Loan Limits For 2018

On Tuesday, The Federal Housing Finance Agency (FHFA) announced an increase in maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2018.

The FHFA stated that loan limits will be raised to reflect the change in U.S. home prices. The press release distributed by the agency states:

According to FHFA’s seasonally adjusted, expanded-data HPI, house prices increased 6.8 percent, on average, between the third quarters of 2016 and 2017.  Therefore, the baseline maximum conforming loan limit in 2018 will increase by the same percentage.” – Federal Housing Finance Agency 

READ MORE

Marketplace Home Mortgage branches into New England market

At Marketplace Home Mortgage, we’re continuing to grow our footprint and are currently expanding service in the state of Massachusetts and the New England real estate market.

Marketplace Home Mortgage loan officers are already helping area real estate agents and home buyers meet their goals of achieving home ownership and we have now tapped industry professional Rick Schlager to lead our efforts in the Bay State. READ MORE

Rewarded Best Mortgage Company – Voted “Best of Business”

We are proud to share that Marketplace Home Mortgage was voted Best Mortgage Company in this year’s TC Business Reader Poll.

Each year, TC Business Magazine works with DataJoe Research to accumulate votes for their “Best of Business” Awards.  Through the process, they survey thousands of professionals to determine which companies exemplify excellence in their respective industries.

We are honored to be recognized. Thank you to all of the clients and industry peers who voted for us. Our mission is to provide our customers with the best possible mortgage experience, and we are so proud to know that you are experiencing the excellence we always strive for.

Thank you for your business. It is truly an honor to serve you.

As always, contact us with any questions or concerns.

Marketplace Home Mortgage Back to School Drives Support Students in Need

Across the US this month children got ready to go back to school, but some students don’t have access to the supplies they will need to succeed. In an effort to support these children, Marketplace Home Mortgage branches and Loan Officers in South Dakota, Minnesota, & Wisconsin held back to school drives. We were overwhelmed by the support and generosity of our co-workers, clients, friends, and families, who pulled together donating money and supplies to help kids start the school year off right. READ MORE