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2019 Conventional Loan Limits Are Here!

Reblogger Debbie Reynolds, C21 Platinum Properties
Managing Real Estate Broker with Platinum Properties- (931)771-9070 TN Broker: 208698

The limits are going up with the market. Check it out.

Original content by John Meussner NMLS #138061 MMCD #1141

2019 Conventional Loan Limits Are Here



     Movin' on up!  Much like the Jeffersons, Conventional loan limits are pushing higher in 2019.  With loan amounts based on median sales price, this is no surprise considering the high rates of appreciation we've seen in so many markets across the US, and this increase will be a tremendous benefit to people in markets where home prices have outpaced loan allowances.



While FHA, VA, and USDA guidance hasn't been issued yet, it will be soon to follow, and we expect to see increased allowances on those products as well.



Want to know what loan limits increased to in your county/market?  Send us a quick note here and we'll be happy to send the info for your specific market.  



     The generic loan limit (the one in the majority of US counties outside of 'high cost' areas) will see an increase from the current 2018 limit of $453,100 all the way up to $484,350!


     For most high cost areas, the loan limit for conventional loans will increase to $726,525.  


     While this is general guidance, each county is specific, and all but 47 counties (or county equivalents) in the US will see an increase in allowable loan limits on conventional loans in 2019.  Again, if you'd like a list of limits in your market, just let us know at the link above or via email.  


     It's also important to note that these limits are for single-unit properties.  For all 2-4 unit properties, limits are higher than the base loan amount.  For example, in most counties were the single-unit property limit is $484,350, the limit for a 4-unit home will see an increase to $931,600.  



     This should be a great benefit to home buyers in 2019 after 2018 saw such a steep rise in home values.  It will also offer some refinancing opportunties to home owners who saw their homes increase in value but could not access additional capital because of loan limit restrictions.  Especially for buyers in the $700-900K price range, the 2019 conventional loan limit increases will offer more flexibility and options on financing for a new home.



     MasonMac's policy on new loan limits is:  We will begin originating loans under new loan limit guidance NOW, and since we're a direct lender, we have the ability to help borrowers that can benefit from these higher loan limits NOW.   



Questions about how the new loan limits can help you or your clients?  Want to get accurate pricing on loans with 2019 loan limits?  Give us a call at 484.680.4852 or ask an expert for a near-immediate response!

John Meussner

NMLS# 138061

Visit My Website!


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 Centruy 21 Platinum Properties2130 Wilma Rudolph Blvd.

Clarksville, TN 37040

When you need Real Estate services in Clarksville TN

                  it would be my pleasure to assist you!                             

Debbie Reynolds
"The Real Debbie Reynolds"

Check out all Clarksville TN Real Estate on My Website

931-771-9070 Office | 931-320-6730 Cell

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Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

Wonderful news and reblog. Thanks for sharing the information. I hope you have a great afternoon.

Nov 29, 2018 02:09 PM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

That is good they are increasing, I tend to sell in the 300k range but good to know it is there fo rmy next big luxry home sale Debbie Reynolds 

Nov 29, 2018 03:34 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Debbie a great reblog indeed buyers need to know, the word is getting out though in my market. I had about six or seven emails from lenders telling me today......

Nov 29, 2018 06:12 PM
Roy Kelley
Retired - Gaithersburg, MD

This is important information to share with prospective home buyers.

Nov 30, 2018 08:59 AM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Debbie the new higher loan limits are going to be helpful around here.  Hopefully FHA will follow with higher limits as well.

Nov 30, 2018 01:35 PM
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Apr 12, 2021 11:48 PM