FHFA Announces New Conforming Loan Limits for 2020

The Federal Housing Finance Agency (FHFA) has announced it will be increasing maximum conforming loan limits in 2020. BASELINE NATIONAL CONFORMING LOAN LIMITS 1-Unit: $510,400 2-Unit: $653,550 3-Unit: $789,950 4-Unit: $981,700 LOAN LIMITS IN HIGH-COST AREAS 1-Unit: $765,600 2-Unit: $980,325 3-Unit: $1,184,925 4-Unit: $1,472,550

Understanding Jumbo Mortgages

If you are in the market for a home priced over $765,000 and you also want to get a mortgage, understanding jumbo mortgages is key! What is a jumbo mortgage? Jumbo mortgage loans are large mortgages, specifically larger than conforming loan limits. In Montgomery County,…