GREAT NEWS! Conforming Loan Limits Have Increased

GREAT NEWS!  For the third year in a row, the Federal Housing Finance Authority (FHFA) has increased the amount of money that can be borrowed through a standard home loan.  Even if you are not planning to buy soon, you will definitely want to know how this news can still be important to you.

Here are the details:

The standard loan limit (also known as conforming loan limit) rose by 6.9% to a maximum amount of $484,350.  In certain high-cost areas, the limits are even more.  High-cost area…

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