Blog Category: loan size

December 3rd, 2022 up arrow
December 3rd, 2022

2023 Much Higher Conforming Loan Limits Announced

2023 conforming loan limits have been announced! The Federal Housing Finance Agency (FHFA) sets the loan size limits each year on conventional mortgages that Freddie Mac or Fannie Mae will buy from mortgage lenders. In 2022 the conforming loan limit for a single-family home was $647,800. This year, the conforming loan limit for a single-family home has increased to $726,200. A little over a 12% increase! Read More

Categories: Home Buying Process, housing values, Loan Types, mortgage, Underwriting Rules, , , , , ,

May 17th, 2012 hands 1940248 1920
May 17th, 2012

How Much Can I Really Get?

 

People seem to get confused by maximum loan amount allowances, down payment requirements, and the interest rates surrounding them. I thought it would be helpful to have a breakdown. I am going to show loan limits for owner occupied loans, for Conventional, FHA and VA loans: Read More

Categories: Underwriting Rules, , , , , , , , , 1 Comment »