FHFA Announces Increased Loan Limits for 2019

Beginning in 2019, the Federal Housing Finance Agency will raise the amount that home buyers can borrow on conforming loans to $484,350, up from the current limit of $453,100. That means homebuyers can borrow up to $31,250 more toward their home purchase without having to qualify for a Jumbo Mortgage. So, what are some of the benefits of a conforming loan? Often have less strict qualifications Often have a lower interest rate [...]