Temporarily they have expanded conventional high balance loan limits up to 625,000 in areas where the limit is currently 548,250. While FHFA has not formally announced any updates to the conventional loan limits (that typically happens in late November), this temporary increase allows lenders to give buyers more flexibility when financing a higher priced home right now.
This is a BIG opportunity for buyers to avoid jumbo loans.... Lets go house shopping together!!!!
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