The Federal Housing Finance Agency (FHFA) has raised the baseline conforming loan limit to $715,000. The official announcement will be in November.
This is big news because prior to this change homebuyers over the $647,000 amount were forced to get jumbo loans. Jumbo loans typically require a larger down payment and higher credit scores.
Call Alexander to lock in your interest rate or request a quote.
This is big news because prior to this change homebuyers over the $647,000 amount were forced to get jumbo loans. Jumbo loans typically require a larger down payment and higher credit scores.
Call Alexander to lock in your interest rate or request a quote.