Jake's Lending Tip of the Week

Jake's Lending Tip of the Week

Jake Golembiewski Jake Golembiewski

Jake Golembiewski

Vice President/Sr. Loan Officer at Peoples Mortgage Company

发布日期: 2018年11月28日
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Housing prices are getting expensive. With this seemingly never ending increase in values, more and more borrowers are being priced out because of the loan products they qualify for. Fortunately, the Federal Housing Finance Agency has increased the loan limits for conventional financing in 2019 to $484,350. This increase will allow more home buyers the opportunity to avoid the signifcantly more stringent qualifying requirements of jumbo financing. Perhaps the most significant aspect being the minimum down payment requirements of 5% for conventional financing. If you have any questions about this increase, reach out today!

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