Geneva Financial announces higher compliant loan limits
Posted: October 18, 2021 at 5:00 a.m. EDT
CHANDLER, Arizona., October 18, 2021 / PRNewswire / – Geneva Financial Home Loans (Geneva) announces that they will now offer higher loan limits for compliant direct lender loans. The direct lender in 45 states has increased its conventional loan limit to $ 625,000 for single-family homes ahead of the Federal Housing Finance Agency’s announcement on compliant loan limits for 2022.
“It has been an unusual season in the mortgage market and home buyers are feeling the impact of rising home values in addition to low inventory.” Aaron Van Trojen, said the CEO of Geneva Financial. “We are committed to providing opportunities for borrowers and saw the need to work with our aggregators to increase conventional loan limits prior to the FHFA announcement. “
Due to the substantial rise in home values, borrowers are being pushed into jumbo loan products to obtain financing for homes that would have qualified for conventional financing 12 to 18 months ago. Jumbo loans have higher rates, larger down payments, and more stringent eligibility requirements. The increase in loan limits will temporarily allow Geneva borrowers the opportunity, in these unusual market circumstances, to obtain conventional financing at lower rates.
With over 130 branches nationwide, Geneva Financial Home Loans offers countless products focused on buyers and homeowners, including Conventional, FHA, VA, USDA, Refinance, Reverse, Jumbo Loans and Condo Financing as well as down payment assistance programs, first-time home buying programs. , doctor loans and hero loans for first responders, police, firefighters, nurses and teachers. If you need help navigating the current market, connect with your local Geneva Financial representative to start the conversation and learn more about Geneva full range of products at https://www.genevafi.com/prêt-produits/
About Genève Financière
Founded in 2007 by Aaron Van Trojen, Geneva Financial (NMLS 42056) is a direct mortgage lender headquartered in Chandler, Arizona with over 130 branches in 45 states. Our mission at Geneva Financial is to approach every aspect of our business from the inside out. With a forward-thinking mindset, we focus first on our loan originators and support staff to ensure an unbeatable experience for our clients.
Our core values were created as a daily reminder to operate with the inside-out approach in mind. Core Value # 1 is the backbone of all of our Core Values, Mission, and Brand Vision: Home Loans Powered by People®. Find out more about Geneva financial mortgage real estate loans on www.GenevaFi.com
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SOURCE Genève Financière
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