Today, the Federal Housing Finance Agency announced the 2019 maximum conventional loan limits.
2018 - Maximum Conventional Loan Limit = $453,100
2019 - Maximum Conventional Loan Limit = $484,350
This is the maximum loan amount that Fannie Mae and Freddie Mac will acquire. Any loan amount over $484,350 in 2019 will be considered jumbo. The closing costs associated with jumbo loans can be very expensive which is why any increase in the maximum conventional loan limit is great news. Loans that are eligible to be acquired by Fannie Mae or Freddie Mac typically qualify for our No Closing Cost program.
Below are links to the announcement and our No Closing Cost program ...
Feel free to reach out anytime should you have any questions. Thank you.
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Company Record Holder - Most Purchase Loans in a Year |
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Company NMLS ID: 137154 | Individual NMLS ID: 1018529 |
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