Did you hear the good news that conventional loan limits will increase again for 2020, making this a four-year streak of consecutive increases in conventional loan limits?
This is great news for home buyers, especially first-time home buyers.
In 2019, the maximum was $484,350. In 2020 it will increase to $510,400. That's more than a 5 percent increase!
Now, with just a 5% down payment, a homebuyer can now purchase a home of up to a $537,000 with a conventional loan.
Images courtesy of author's collection and www.pixabay.com
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