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Guaranteed Rate closes Stearns wholesale channel

Housing Wire

Chicago-based Guaranteed Rate will discontinue its third-party wholesale channel, Stearns Wholesale Lending , just one year after it acquired the multichannel lender. The email explained that the last day to register a loan is January 12, while the last day for closing a transaction is February 28.

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How to Find the Right Mortgage Loan for You

Assurance Financial

A conforming loan aligns with the standards created by the Federal Housing Finance Agency. One of those standards is a loan limit for all loans that Freddie Mac and Fannie Mae purchase. As of 2021, the limit for a conforming loan is $548,250 * for a single-family home. VA loans also offer reduced closing costs.