FHA and VA Loan limits have just been released
Late November Fannie and Freddie announced the new conforming limits - you can read about them here: 2018 Conforming Limits VA “loan limits” for 2018 have been announced and are the same as the agency conforming limits as previously published
The chart below shows the FHA Loan limits for both high and low cost areas for 1-4 family homes:
Since I am licensed in NJ that is where I will focus in on the details for NJ.
While most of NJ does fall into the High cost area ( as represented in the chart below) There are a few that fall between the Low and high cost above.
Here are the counties that fall between the floor and ceiling numbers:
The increased limits show prices have been climbing and the limits climb to accomodate the changes.
Have a great week.
Mortgage Loan Originator NMLS# 248937
or my blog: http://activerain.com/blogs/rrauf
Office: (732)908-4868 Cell (732)740-0175
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.