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$7100 Conforming Loan Increase of $417K to $424,100 Not Enough to Help
$7100 Conforming Loan Increase of $417K to $424,100 Not Enough to Help
by San Jose REALTOR Michelle Carr Crowe
Hailed as good news for 2017, conforming loan limits are set to increase by $7100, from $417,000 to $424,100.  
In Silicon Valley aka Santa Clara County, that is not enough to help. In facts it's less than a two percent increase.
At twenty percent down, it means a potential purchase price only increases from $521,250 to $530,000.
While any increase is a move in the right direction, this $7100 conforming loan limit increase just isn't enough to help my clients.
Thanks for reading "$7100 Conforming Loan Increase of $417K to $424,100 Not Enough to Help".
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