Category: Conforming Loan Limit

WE ARE TAKING APPLICATIONS

  We are now taking applications at the higher conforming loan limit. The conforming loan limit for 2021 has increased from $510,400 to $548,250.  That is a substantial increase of $37,850, meaning, you can get the lower conforming rates up to a higher amount. Contact us and we can help.   We offer a variety of products and services, ask us how we can assist you today: Counsel Mortgage Group®, LLC www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60DBO43873 Copyright © 2021 Counsel Mortgage Group®, LLC    

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NEW CONFORMING LOAN LIMIT: WHAT DOES IT MEAN FOR YOU?

The Federal Housing Finance Agency increased the 2018 conforming loan limit to $453,100 and is projected to rise to $484,350 during 2019. What does this mean for you? Conventional loans in the amount of $484,350 and less are typically underwritten in accordance with Fannie Mae or Freddie Mac guidelines. Loans in excess of this amount are considered jumbo loans and are underwritten in accordance with the specific investor’s requirements. Jumbo loan requirements can be more stringent than conforming loans. Conforming loans often have lower interest rates than jumbo loans. There are conforming loan programs for as little as 3% down...

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2019 LOAN LIMITS

The loan limits for conforming, VA, and FHA loans have increased for 2019. The conforming and VA conforming loan limit in Maricopa County, AZ is now $484,350. Loan amounts in excess of this limit are considered jumbo, which we can finance. The FHA loan limit for Maricopa County is now $314,827. Loan limits can vary by state and county. If you are looking to finance a property elsewhere, let us know and we can check the limits for you. We offer a variety of products and services, and can finance residential and commercial properties. Contact us and we can help...

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