This new conforming loan limit restricts the government backed agencies amount they may finance. So the limit, which has been $424,100 this year will go up to $453,100 for 2018 according to regulators at the Federal Housing Finance Agency.
This could also bode well for higher cost counties but those limits have yet to be released. … (7 comments)
The GSE's Fannie Mae and Freddie Mac will be able to purchase loans for single family homes valued up to $453,100!
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