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2018 Conforming Loan Limit Increases
Net Admin • December 22, 2017
The Federal Housing Finance Agency (FHFA) announced new maximum loan limits effective January 1, 2018 for conforming loans acquired by Fannie Mae and Freddie Mac. In most of the U.S., the 2018 maximum conforming loan limit for one-unit properties will be $453,100, an increase from $424,100 in 2017. Higher loan limits will be in effect in higher-cost areas. New loan limits, however, will not take effect in 71 counties or county equivalents around the country. What prompted this change? The
In today’s tech-savvy world, social media is a key aspect of how many people stay connected and find entertainment. But social media is also great for other things, including the homebuying process. Follow these tips to find your new home while you’re scrolling through your feed.Start by adding real estate agents to your feed, as …
The home market is booming. If you are a first-time homebuyer or someone who has not owned a home for a three-year period, you may qualify for a no down payment program. Typically, these programs are available through your local county, state, or government. Here are four types of no down payment programs that can …
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Change is the new normal these days. How about for the housing market and mortgage rates? Will rates move another leg lower or is this the bottom? What’s next for them? There are 3 things to track as we move through summer: Spikes in coronavirus cases in several states: This is a real concern that comes …
The process of buying a new home can, at times, be frustrating and intimidating. While each step is important, several factors must be considered, or you may end up with a home that doesn’t suit your needs. Of all the factors to think about when buying a home, location is critical. When it comes to
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There is nothing like the thrill of moving into a new home. Whether you’re moving into your first home or your fifth, however, there are some important things you will want to ensure make it onto your todo list. Let’s take a look. Change Your Locks. This is one safety measure you want to take right …
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When looking to buy a home, financing, down payments and mortgages need to be in the mix of what to do first. Traditionally, homebuyers have needed a 20% down payment for their home mortgage. For first-time homebuyers, young families, or those who are in a lower-income bracket, coming up with a 20% down payment is …
