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FHFA announced that the conforming loan limits will be increasing.
 
#TimeToSell #ChrisBJohnsonRealtor #SellersPayZEROCommission #ListYourHomeandPayNoCommission
Your home is probably the biggest asset you own. This is why you should hire a professional to guide you through all your real estate transactions. My goal is to help 24 to 28 families each year either buy or sell a home. I am NOT interested in Selling 100 or 200 homes a year because I would not be able to give each family the time, attention and energy they deserve....
The FHFA announced that for the 2nd consecutive year the conforming loan limits will be increasing. Here is what this means. The maximum conforming loan limit will go from $424,100 up to $453,100 starting in the new year across all counties. In addition, for high cost areas, the High Balance loan limit also will be increasing. Much of the U.S. isn't affected by this, but here in So Cal we are in the center of the high cost area. So, in Ventura County the new High Balance loan limit will be $672,750 and the new High Balance loan limit in Los Angeles County is $679,650. This is significant because it now opens up a larger percentage of loan amounts that can stay within the Fannie and Freddie conforming loan ... more

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