Estimated reading time: 0 minutes, 25 seconds

Conforming Loan Limits Will Rise Above $500,000 in 2020

Monday, Dec 02 2019
Lending
Written by 

Next year, borrowers nationwide will be able to take out home loans of more than $500,00 and still enjoy the backing of Fannie Mae and Freddie Mac. So reports MarketWatch.

The Federal Housing Finance Authority has announced that it is raising the maximum conforming loan limit for a fourth straight year in 2020.

In most of America, the limit on single-unit home loans that Freddie and Fannie can buy will rise to $510,400 from $484,350 this year. In high-cost areas the limit will be $765,600.

Read the full article from MarketWatch.

Read 1220 times
Rate this item
(0 votes)
More in this category: « Stearns Lending Promotes Steve Smith to President Why California May Be the Best State for Your New Lending Business »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline