December 21, 2018 – Loan limits will rise from $453,100 to $484,350 in 2019!

The Federal Housing Finance Agency (FHFA) has increased the conforming loan limit for first mortgage loans from this year’s total of $453,100 to $484,350 in 2019. The limits were not increased from 2006-2016.  2019 will mark the third year in a row that the limit has increased. This 6.9% increase will take effect in most of the United States, with some exclusions. Mortgages with conforming loan amounts tend to carry lower mortgage rates than jumbo loans.  So purchasing a home, like the gem at 1 Fawn Ridge Circle, Middleton could mean less interest in 2019.  Want more details? Let me know and I’ll recommend a local mortgage expert!  

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