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Loan LimitsThe 2027 Loan Limit Jumped Early to $845K
A few lenders already set a 2027 conforming loan limit of $845,000, months before the official FHFA number. Here is what that early gap means for buyers in Palm Beach, Martin, and St. Lucie County.
·5 min read
Mortgage EducationHow to Remove PMI and FHA Mortgage Insurance in Florida
PMI and FHA mortgage insurance both protect your lender — but they cancel completely differently. PMI on a conventional loan drops off automatically at 78% LTV or by written request at 80%. FHA MIP on loans originated after June 2013 with less than 10% down stays for the life of the loan. Building equity alone will not remove it. For most FHA borrowers, the only real exit is refinancing into a conventional loan once they reach about 20% equity.
·8 min read