2017 loan limits for montgomery county md: 2017 Loan Limits for Montgomery County MD
- 12/14/16 06:25 AM
The Federal Housing Finance Agency (FHFA) just gave home buyers across the country a big gift heading into 2017. The FHFA recently announced that loan limits for 2017 are increasing. The conforming loan limit has risen from $417,000 to $424,100 for the entire United States. (Conforming loans, which are not to be confused with conventional loans, are mortgage loans that follow guidelines set by Freddie Mac and Fannie Mae.)
While these mortgage loans’ rise may not seem significant, they’re particularly important because loans that exceed $424,100 are considered to be conforming high balance loans, which means higher pricing and higher fees, as they’re … (3 comments)
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The Federal Housing Finance Agency (FHFA) just gave home buyers across the country a big gift heading into 2017. The FHFA recently announced that loan limits for 2017 are increasing. The conforming loan limit has risen from $417,000 to $424,100 for the entire United States. (Conforming loans, which are not to be confused with conventional loans, are mortgage loans that follow guidelines set by Freddie Mac and Fannie Mae.)
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