More Purchasing Power


2018 Conforming Loan Limits: More Buyers In More Homes

The maximum conventional loan limits for 2018 – including limits in high-cost areas – have risen 6.8% from 2017 limits. This is because the FHFA determined that average home values increased around the same percentage between the third quarters of 2016 and 2017.

Higher loan limits can affect property sales.

It’s good news for borrowers for these reasons:

  • It gives prospective homebuyers a broader range of choices in homes

  • It provides borrowers with a better chance to live in neighborhoods they prefer, but were unable to qualify for in previous years

  • Borrowers will now be able to qualify for a conforming loan without having to go Jumbo

#homebuying #tampabay #buying

Featured Posts
Posts Are Coming Soon
Stay tuned...
Recent Posts
Archive
Search By Tags
No tags yet.
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

CONTACT OUR TEAM: 

Tel: 727-821-5518   Email: Click here

575 2nd Avenue South, Suite 204

St. Petersburg, FL 33701

© 2016 by All American Mortgage Company

LICENSED MORTGAGE BROKER  NMLS #381111 NMLS#1499481 NMLS #381294

JC Russell Enterprises Inc., D/B/A All American Mortgage Company

ALTERNATIVELY YOU CAN FILL

IN THE FOLLOWING CONTACT FORM:

  • Facebook Basic Square
  • Twitter Basic Square
  • LinkedIn Social Icon