Tag Archive for: conforming loan limits

2024 Conforming Loan Limits Way UP – At the Expense of Your Kids; Fed Lost Control of Bond Market?

The FHFA (the agency that regulates Fannie Mae and Freddie Mac) just announced its new conforming loan limits, and the new limit for “high-cost” areas is now $1,149,825! This means that homebuyers can buy a $1.2 million home with only 5% down. This is amazing, as this used to be solidly in “jumbo territory” – with down payment requirements in the 20% range for competitive financing.Read More

2023 Conforming Loan Limits Surge To Over $1 MILLION! Some Interesting Perspective

1994’s Limit Was $203,150 When I got into the mortgage business in 1994, the conforming loan limit was $203,150. Adjusting for inflation, that is about $408,000 today (almost exactly 2x […]Read More

2022 Conforming Loan Limits Announced – Up By $100,000; Good or Bad?

As we all learned on TikTok recently, the FHFA announced the new Conforming Loan Limits for Fannie Mae and Freddie Mac. I mention TikTok because that is where one of […]Read More

New Reasons to Buy Now; Conforming Loan Limit Reminders

THE CRAZIEST THING HAPPENED LAST WEEK… A seller in an extremely hot market agreed to $15,000 of credits and concessions after the inspection reports came back. We are still seeing […]Read More

Jumbo Loans in Dallas, Texas

A jumbo loan is a loan that exceeds a particular county’s loan limits. For most areas in Texas, the conventional loan limits range from $100,000 to $510,400. These limits are set by the Federal Housing Finance Agency annually. Any loan amount over $510,400 would be considered a jumbo loan.Read More