Tag Archive for: loan limits 2024

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