Conforming Limits Increase.
The Feds have announced a new rate increase for conforming loans and it’s the biggest increase I can ever remember.
Conforming loan max: $484,350 (from $453,100)
High Balance loan max: $726,525 (from $679,150)
What this means is that the lowest rates available on 30 year fixed rate loans are now extended to loans all the way up to $484,350. Also, the second best rates available on high balance loans are extended as well. High Balance loan limits are based on zip code.
You can start submitting applications for purchase or refinance now. If your loan is bigger than the posted limits. Don’t worry. We have aggressive rates for loans up to $3,000,000.
To discuss your confidential loan scenario please CLICK HERE to schedule an appointment or email Mitch@TargetRate.com.
Phone: 310-478-4999
