Great news for homebuyers purchasing higher costs homes this year, the Conforming loan limits were just increased for 2022! The old limit was set to $548,250 and the new limits have increased to $647,200. This applies to single (1) unit properties in regular “non” high costs locations. Some high-cost locations in Hawaii, California, New York, […]
Conventional Loans
Conforming and FHA Loan Limits Increase For 2021
UPDATE: NEW 2022 CONFORMING LOAN LIMITS UPDATED HERE. Conforming and FHA loan limits are increasing for 2021. The higher mortgage limits will allow home buyers to qualify for more when needed. Below we will break down the latest 2021 loan limits. Please contact Coast2Coast Lending 7 days a week with questions by calling the number […]
Updated 2020 Conforming Loan Limits
*Post Update – please see the new 2022 Conforming loan limit here. New conforming loan limits were just announced this week. The base conforming loan limit has increased from $424,100 to $453,100. High-cost locations were also adjusted higher per the chart below. 2018 Conforming Loan Limits: 1-Unit 2-Unit 3-Unit 4-Unit Fannie Mae $453,100 […]
Conventional Loan Options Florida
By far the mortgage programs with the greatest market share in Florida are conventional loans. Conventional loans are typically underwritten by guidelines established by both Fannie Mae and Freddie Mac but technically they are loans that do not come with a government-backed guarantee to the lender, including VA, FHA and USDA home loans. With a […]