Each company has set a loan cap of up to $625,000 for conforming loan pricing, up 14% from the FHFA’s existing $548,250 limit.
The increases come as home prices have been rising at a record-breaking clip.
-
The Rise and Impact of ESG Investing on Mortgage Lending Explore the growing impact of ESG investing on mortgage lending practices, focusing on sustainability and social governance trends in the United States.
Estimated reading time: 0 minutes, 24 seconds
Rocket, UWM, PennyMac Lift Jumbo Loan Caps Before FHFA
Rocket/Quicken Mortgage, United Wholesale Mortgage and PennyMac are offering higher-balance loans at conforming loan rates, ahead of an increase in conforming loan limits by the Federal Housing Finance Authority that’s expected in November. So reports MortgageGrader.com.
MOST READ STORIES
Fast,Easy & Free
