Good Morning!
I have good news – Fannie Mae is raising their max loan amounts for most counties in the US to $510,400.
The reason this is good news is the rates are lower, and the down payments are lower on Conventional loans than Jumbo loans.
Before, if you wanted a 510k loan amount you would have had to pay Jumbo pricing, and now you can get Conventional pricing.
Good for everyone!
That’s it for today!
Hope you had a great holiday!