Site icon Ask Carolyn Warren

Loan Limits Increase, Saving Buyers Money

BIG NEWS!

Conforming loan limits have increased to $484,350.

High balance loan limits have increased to $726,525.

Conforming Limits

If you want the best loan, a conventional loan, you can now borrow up to $484,350 without paying a higher interest rate for a jumbo loan. If you have not owned a home in the past three years, you can do as little as 3 percent down payment (5 percent down for previous home owners).

High Balance Limits

If you live in an area where the median price of homes is higher than the national average, such as much of California or in Western Washington, then you can borrower up to $726,525 without paying a higher interest rate for a jumbo loan.

Advantages of the Mortgage Broker

Thank you for reading and passing on this vital information to your real estate agent and interested home buyers.
Carolyn Warren, NMLS # 1284134 Apply online here.

Exit mobile version