The Federal Housing Finance Agency (FHFA) recently announced that 2020 conventional loan limits would be raised to $510,400 for single-family homes. This increase in conforming loan limits has gone up almost $100,000 since 2016. These limits may be exceeded if the property is located in a high-cost area. Read More
The Federal Housing Administration (FHA) makes it possible for Americans with lower incomes and imperfect credit ratings to purchase a home. FHA loan limits were recently increased so that larger loans can now be obtained. Read More
USDA loan eligibility is determined by household size and geographic location, as well as the standard mortgage approval guidelines like income verification and credit scores. When evaluating which USDA loan limits apply to your circumstances, it’s important to understand there are two types of USDA home loans available today: USDA Guaranteed Loans and USDA Direct Loans. Read More
