Conventional Loan limits increase
Didier Malagies • October 6, 2021
Conventional loan limits increase
The Conventional loan limits are increasing to $625,000. That is great news!!!!!!!!!
the loan limit was $548,250. Most lenders will have that go into effect January 1st , but we are up and running now with the new loan limit as of today.
So if you put 5% down you can still go Conventional with a purchase price of $631,578 and not have to go Jumbo financing.
That is going to be so helpful with the prices of homes going up so much this year!
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