Conforming Loan Limits for 2017

By
Mortgage and Lending with HomeBridge Financial Services (NJ) NMLS 248937

 

If you are a Conventional Buyer there is some GREAT news.  Conforming loan limits are up for 2017.  This is particularly GREAT news since this is the first increase in the Base amount since 2006.  The Real Estate market is strong, and prices have been climbing.

Since 2006 the base limit has been $417,000, here are the new limits below:

 

Fannie base Loan limit 2017

 

For High Balance Conventional loans we have seen an increase as well:

Once again showing that housing prices have been climbing enough nationally to warrant an increase in the limits to meet the need. 

 

Have a great week!

 

Rob


Robert Rauf 
Mortgage Loan Originator NMLS# 248937
 
http://www.homebridge.com/RobertRauf 

or my blog: http://activerain.com/blogs/rrauf 
Office: 
 
RRauf@HomeBridge.com
 
www.RobertRauf.com
 
 

Since 1987 I have been helping my clients fulfill their dream of home ownership! HomeBridge Financial Services, Formerly REMN, HomeBridge Financial Services is located at 16 Madison Avenue, Building 2 Suite 2D Toms River, NJ 08753. NMLS #6521. New Jersey Licensed Lender and Mortgage Banker #L041053. Visit www.Homebridge.com for more information. NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey, Toms River NJ 08753, Toms River NJ 08755, Brick NJ 08723, Brick NJ 08724 Mortgage in Ocean County NJ, Mortgage in Monmouth County NJ, Jackson NJ 08527, Howell NJ 07731, Lacey 08731 08734, Beachwood Bayville , Manchester 08757 08733, Manahawkin 08050, Robert Rauf is a Licensed Mortgage Loan Originator in New Jersey.

Robert Rauf 
Mortgage Loan Originator NMLS# 248937
 
http://www.homebridge.com/RobertRauf 

www.RobertRauf.com

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Topic:
Lending / Financial
Location:
New Jersey Ocean County
Groups:
Real Estate Rookie
Real Estate Professionals
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conforming limits
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conform limit 2017

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Rainmaker
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Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Good information...I am sure you will get a ton of clicks!

Jan 17, 2017 07:19 AM #1
Rainmaker
446,558
Jerry Murphy, CRS, SRES
Long Realty West Valley - Anthem, AZ
Anthem, Phoenix, and Scottsdale AZ Real Estate

Wow! I didn't realize that they hadn't increased since 2006.  This is sorely needed in several locations around the country.  Thanks for the info Robert.

Jan 23, 2017 12:11 PM #2
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Rainmaker
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Robert Rauf

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