News

Finance of America Mortgage Now Accepts FICO Scores as Low as 580 on FHA, VA Loans

Borrowers with FICO scores as low as 580 now qualify for loans insured by the Federal Housing Administration (FHA) and loans guaranteed by the U.S. Department of Veterans Affairs (VA) through Finance of America Mortgage. The change, which went into effect Jan. 7, provides borrowers who may have credit challenges access to more loan options and borrowing power. While other lenders may have higher FICO […]

2022 Conforming Loan Limit Increasing to $647,200

The Federal Housing Finance Agency (FHFA) announced today that conforming loan limits will increase up to $647,200 in 2022, an increase of 18% over 2021. The new limit applies to one-unit properties in most parts of the country. As a result, Finance of America Mortgage is also increasing its conforming loan limit up to the […]

Q&A With Bill Dallas: State of Housing in 2022

Wondering what to expect from the housing and mortgage markets this year? How will homebuyers, homeowners, and mortgage professionals need to adjust their game plans to adapt to the opportunities that lie ahead? In this 11-minute video interview, Finance of America Mortgage President Bill Dallas gives his expert insights on what’s on tap this year. […]

2022 High-Balance Loan Limits Increasing to $970,800

The Federal Housing Finance Agency (FHFA) is increasing high-cost conventional loan limits up to $970,800 for borrowers in some of the nation’s priciest housing markets. As a result, Finance of America Mortgage is also increasing its high-balance limits up to the same amount, available to FAM borrowers beginning Dec. 6. The high-balance increase follows FHFA’s decision to increase the baseline conforming […]

FAM Launches New ADU Refinance Option

Homeowners with ADUs can refinance, reduce monthly payments with new Finance of America Mortgage refinance feature Homeowners who have an accessory dwelling unit, or ADU, on their property may have taken out high-interest financing to create their ADU space. Now, those homeowners can refinance and consolidate those loans, along with their primary mortgage, at a lower interest rate with an innovative new option designed by Finance […]

Borrowers Gain More Purchasing Power With New Loan Program from Finance of America Mortgage 

Learn more about Two-X Flex Expanded, a new loan program for borrowers with lower credit scores and past financial setbacks.

Finance of America Mortgage Ranks Among Forbes 2022 Best Midsize Employers in America

Our employees have spoken: Finance of America Mortgage has been named one of Forbes 2022 Best Midsize Employers in America. Finance of America Mortgage ranked No. 10 in the Banking and Financial Services category. Additionally, FAM ranked No. 125 out of the Top 500 Overall Midsize Companies in the United States. See Forbes’ full list […]