My New Blog

2020 Loan Limits

November 27th, 2019 9:39 AM by Sam Kader MLO130505

DON’T WAIT FOR THE NEW YEAR 2020 TO QUALIFY MORE FOR YOUR LOANS.

We’re honoring the new conventional loan limits below now in 2019.

$510,400 (SFR) for regular conventional loans from $484,350.
$765,600 (one unit) conventional high-balance from $726,525.
$980,325 (two units) conventional high-balance from $930,300.

What does it mean? It means that a borrower can apply for up to $510,400 loan amount (not purchase price) and still gets Conforming Conventional Rate. Loan amount higher than $765,600 for one unit and $980,325 for a duplex are considered Jumbo loans.

For specific County and State - please click the map here.

Posted in:Loan Limits, Underwriting Guidelines and tagged: Underwriting Guidelines Loan Limits

Posted by Sam Kader MLO130505 on November 27th, 2019 9:39 AM

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My New Blog

2020 Loan Limits

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