29 Nov FHFA Increases Confirming Loan Limit
New Conventional Loan Limit for 2019!
The Federal Housing Finance Agency (FHFA) has increased the conforming loan limit for 2019. After not increasing from 2006-2016, this will mark the third year in a row that the limit has increased.
The loan limit will rise from the 2018 total of $453,100 to a new total of $484,350. This 6.9% increase will take effect in most of the United States, with some exclusions. For more information, click here.
If you are in the market to purchase a home in the new year, please reach out to one of our local mortgage planners at Fairway Independent Mortgage of the Carolinas. They are happy to review your financial options with you. We are truly interested in providing a mortgage experience that will set the stage for your financial future. Our goal each day is simple – help people do better in life. Let us change the way that you think about mortgages.