For the first time since 2006, conventional loan limits will be increasing. The Federal Housing Finance Agency has announced that loan limits for most of the country will be as follows:
1-Unit $424,100
2-Unit $543,000
3-Unit $656,350
4-Unit $815,650
Certain parts of the country, such as Alaska, Hawaii, Guam and the US Virgin Islands, have conventional loan limits that are 50% higher than the regular loan limits and other parts of the country are designated as "High-Cost" areas and have different loan limits.
Please contact me at barkerloans@gmail.com or 708.473.7688 with any questions.
