Category: Conforming Loan Limit

CONFORMING LOAN LIMIT INCREASED TO $715,000

Some lenders increased their conforming loan limit to $715,000. We can broker to these lenders. If you have a loan amount in excess of the current conforming loan limit of $647,200 and up to $715,000, we can broker it as a conforming loan to these lenders. This may give you a lower interest rate than a jumbo loan. We are experts in mortgage finance and have helped thousands of families obtain the right loans for them. We can help you too! Contact us and experience the difference. Counsel Mortgage Group®, LLC Licensed in Arizona, California, Hawaii and Illinois www.counselmortgage.com 480-502-1000...

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NEW LOAN LIMITS FOR 2022

Here is a reminder of the loan limits for 2022. The conforming loan limit for a 1-unit property in Maricopa County is $647,200. Loans in excess of this amount are considered jumbo loans. Jumbo loan rates may be higher than conforming loans. The FHA loan limit for 1-unit properties in Maricopa County is $441,600. The loan limits are higher if you are looking to purchase multi-family properties.

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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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