FHFA Announces Maximum Conforming Loan Limits for 2019!
Fannie Mae and Freddie Mac Baseline Limit
Will Increase to $484,350 and the new limit for high cost areas is $726,725!
As of 11/27/2018 "Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2019. In most of the U.S., the 2019 maximum conforming loan limit for one-unit properties will be $484,350, an increase from $453,100 in 2018. "
HOW THIS HELPS YOU:
You can qualify for a more expensive home at a better interest rate, opening up more options in your home search to accommodate the rising home prices while still qualifying for a "conforming loan". A lift in the limits is a way for buyers to keep pace with a more-expensive market without significantly increasing your monthly payment. Start your Home Search HERE
Thinking of listing? With these changes the buyer pool for your home increases giving you more leverage when you listGet your Property Valuation HERE