Fannie Mae, Freddie Mac and FHA have all adopted these new maximum loan limitations. If you have limited equity or a jumbo loan, refinance now and save thousands of dollars! If you are purchasing a property over $417,000, this year you can qualify for conforming rates! Click on any below to get started!
Chris Ann - You are welcome. If you ever need help with anything else, just shoot me an email or give me a call and I'd be more than happy to help you out. Have a great week!
Karen - Good point. The Federal Housing Admin. hasn't ventured into anything over 362,790 up to this point. Hopefully things are in place to counteract the risk associated with lending up to twice its original amount.
I'm thinking that Fannie/Freddie will probably keep the same underwriting guidelines that they have used for Jumbo loans. The bottom line is that these guidelines shouldn't change, the interest rates should.
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