New Loan Limits for 2019
On November 27th, the Federal Housing Finance Agency (FHFA) announced new loan limits for 2019. The loan limits below will be valid for the vast majority of counties throughout the U.S.
New Loan Limits
These increased loan limits will open up conventional loan options for price points that previously required jumbo mortgage financing. Conventional loans typically offer lower down payment requirements, easier underwriting approvals and better overall terms.
With the increased limits, home buyers can purchase a new home up to a price of $510,000 with only 5% down. And, with creative mortgage insurance options, eliminate their monthly PMI payment for a very affordable overall payment.
Contact a United Home Loans mortgage banker for all of the details or call (708) 531-8388