Monthly Archives: December 2016

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Happy holidays from the team at Everist Mortgage

As 2016 winds down and we prepare for the holidays and a new year to begin, my heart is very full and grateful.


The year has been an amazing one filled with many wonderful things, including my 1st full year of marriage to my amazing wife Nancy, some great trips and adventures with her, my new stepdaughter and her husband, my two boys and even my parents to Colorado, Missouri and other fun destinations.


My boys are older now and launching into manhood and independence. It’s been bittersweet to watch them grow up and become adults, but also rewarding to see them become self-sufficient in many ways and take charge of their lives and destinies.


Everist Mortgage has remained successful, and I’ve had the opportunity to meet and help many great clients; some past clients I’ve known for years, and some new ones that were referred to us.


Austin, Texas continues to grow, and be one of the hottest destinations in the country for people that want to move here.  While it’s bad for traffic, it’s good for my business!


As I look back on the past year and forward to the new one, I have some regrets and things I wish I’d done differently, but for the most part I’m content and happy with the direction of my life and business. Faith in God is a big part of my life, and I’m trusting in my Abba Father to lead me in these coming days where He wants me to go both in my business and personal life.


I look forward to meeting and helping lots of new families this coming year and beyond!

Curious about loan limits for 2017? We’ve got them here for you

As we near the end of 2016 and look toward the new year of 2017, the mortgage lending industry is undergoing some changes, and Central Texas is still a very hot real estate market.


Here are of couple of updates that are important to know if you or someone you know will be looking to purchase or finance a home in the near future:


  • Increasing loan limits: With increasing conventional and FHA loan limits coming next year, more opportunities for homebuyer and borrowers will be available. Here are the new loan limits for 2017:

Conventional loan limits:

  1. 1 unit: $424,100
  2. 2 units: $543,000
  3. 3 units: $656,350
  4. 4 units: $Z815,650

FHA loan limits (For the Austin Metropolitan area)

  1. 1 unit: $361,100
  2. 2 units: $462,250
  3. 3 units: $558,750
  4. 4 units: $694,400


  • Rising values and prices in the Austin area: The Austin area continues to be a very hot real estate market, with the median sales price in Austin approximately $345,000. The median price for the 5 county Austin MSA area is approximately $275,250. Sales are up over 11% over this time last year, and new home starts last month were over 4,000! This means it’s even more important to get pre-approved for a mortgage before you go out shopping for a home. Sellers in a hot market won’t take your offer seriously if it’s not accompanied by a strong letter of pre-approval from a reputable (preferable local) mortgage lender.


If you have questions about the pre-approval process, or any questions about the Austin and Central Texas market, don’t hesitate to reach out to us for a free 30-minute consultation.


Happy holidays!

Michael and the Everist Mortgage team

Welcome to our new Everist Mortgage website and blog!

We’re so happy to have the new site up and running, with many improvements and more helpful information and features for our clients. Improvements and added features are coming soon as well.


The new site is designed to make it easy for you to navigate. You can receive helpful information about the mortgage process, get answers to frequently asked questions, run calculators and preliminary estimates, sign up for our newsletter, start your online application process and soon securely upload financial documents needed for your loan approval!


Michael and the Everist Mortgage team have over 23 years of mortgage lending experience in Central Texas, and have helped thousands of individuals and families successfully finance their homes.


Feel free to explore the site and let us know how we can help you.


Our business depends on word-of-mouth recommendations and referrals from our happy clients, so we want to earn your trust and business relationship as well. Future and ongoing blog posts will cover new developments in the mortgage and lending industry, latest things happening at Everist Mortgage, as well as personal stories from Michael and the team.


We look forward to having you back soon!