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1:05
What are Conforming Loan Limits?🤔 Conforming loans, including both Conventional and FHA have caps to the amount of money you can borrow on a mortgage. This ceiling is determined by what Fannie Mae and Freddie Mac will service. Different areas can have different limits. Counties with typically higher price points will often have a higher ceiling than counties with lower price points. You can exceed the county loan limits, but we call this JUMBO Loans, which have different terms and requirements.
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11 months ago
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Tyler Madigan
0:33
Why does it matter that the new conforming loan amount has changed?? conventional loans have easier underwriting, cheaper appraisals and better rates! Now if you are putting down 5%, you can have a sales price of $789,470. If you are putting 10% down, you can have a sales price of $833,000. And if you put 20% down, you can have a sales price of $937,500. #mortgagerates #mortgagetips #mortgagesmadesimple #mortgagebroker #invest #condoloans #homebuyers #homebuyer #homebuyertips NMLS#84212 | Helga
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Nov 16, 2023
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NEW 2023 Conforming loan limits are out!! What does this mean for you as a homebuyer? Ready to start your home buying journey? Call us now! 📲: (832) 252-9175📧:
[email protected]
🔑 Because We Care 🔑BWC Lending, LLC. NMLS 1823206 Equal Opportunity Housing Lender#houstonrealestate #houstonrealtor #houstonhomes #texasrealtor #texasrealestate #austinrealestate #houstontx #houstontexas #htown #houstonlife #realestateinvestor #realtors #realestatelife #realestateagents #realestatetips #re
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