loan limits: 2018 FHFA Conforming Conventional & FHA Loan Limits For CT - 12/09/17 11:18 AM
The Federal Housing Finance Authority (FHFA) has announced their conforming conventional loan limits for 2018 earlier this month, and more recently FHA announced their loan limits as well for 2018.  While the FHFA conforming conforming loan limits apply pretty much across the country, the FHA loan limits vary from state to state and county to county. 
The Federal Housing Finance Authority (FHFA) conforming conventional loan limits go into effect December 11, 2017, and the FHA loan limits go into effect on January 1, 2018 for FHA loan with case numbers on or that date.  Below are the charts for the 2018 … (7 comments)

loan limits: Maximum Conforming Loan Limits For Fannie Mae & Freddie Mac Will Increase In 2017 - 11/23/16 02:47 PM


FHFA announced today the Maximum Conforming Loan Limits For Fannie Mae & Freddie Mac Will Increase In 2017.  The new posted maximum conforming loan limits for 2017,  will increase by 1.7%.  The new limits will apply to loans delivered and or closed after January 1, 2017.
However, the new maximum conforming loan limits will not be implemented in to Desktop Underwriting (DU) for Version 9.3 and Version 10.0 until the weekend of December 10, 2016.  So this means the earliest a Fannie Mae backed loan can be originated above $417,000 is December 12, 2016. 
This is the first increase in … (5 comments)

loan limits: Higher Loan Limits Maybe Restored - 10/25/11 01:19 PM
After allowing Loan Limits to revert back to the 2008 limits, Washington is now have second thoughts.  Apparently the Senate took a vote this past week to bring back the higher limits until 2013.  The bill past by a 60 to 38 vote, which represents a supermajority, and voids additional debate on moving the bill forward.  If the bill is signed into law we would see the new limits go into effect before the end of the year.
It is good that Washington has somewhat come to their senses on this issue, and taken action that should really have been taken … (4 comments)

 
George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) Ambassador large

George Souto

Your Connecticut Mortgage Expert

Middletown, CT

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George Souto NMLS #65149 FHA, CHFA, VA Mortgages

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