Big News from FHFA, 11/30/21:
The Base conforming limit is now $647,200, up $98,950 from last year's $548,250
For High Cost areas (which is a big portion of NJ) we will have a limit of $970,800.
The above is for single family homes, 2-4 family homes have even higher limits.
Fun facts-
- The 18.05% year over year increase in housing prices nationally has been so wide spread that this increase will be effective in all but 4 counties nationally.
- When I started in the business the limit was $153,100
- In 1980 and 1981 the CLL was less than this years increase
- From 2006-2016 the CLL was stagnant at $417,000
- In 1990 the CLL dropped $150.00 The first and only drop.
here is the chart for your viewing pleasure:
Call me for all your residential lending needs!
Robert Rauf
Mortgage Loan Originator NMLS# 248937
http://www.homebridge.com/RobertRauf
or my blog: http://activerain.com/blogs/rrauf
Office: (732)908-4868 Cell (732)740-0175
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 9 Grand Ave, Building 2 Suite A Toms River, NJ 08753. NMLS #6521. New Jersey Licensed Lender and Mortgage Banker #L041053. Visit www.Homebridge.com or www.RobertRauf.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 08722 Bayville 08721,
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