03 Jan Holly Walther Lending Team: Fun Fact Friday: New 2020 Conforming Loan Limits
Hi, it’s Holly and Little miss Daisy. And we are here with your Fun Fact Friday. Happy New Year to you and all those you love. Hope you’ve had you had a great holiday season. So I know we’ve put multiple posts out there regarding the increase in conforming loan limits, but we wanted to make sure you were aware. So the new conventional conforming loan limit is 5, 10, 400. So what does this mean to you as a potential buyer, as a potential seller or as a real estate agent out there? It means first time home buyers can buy a house up to $526,183 with as little as 3% down. So that is amazing. And for all those repeat buyers who are looking at conventional loans, you can go a little over $537,000 in sales price with 5% down. So this is a significant jump from 2019 where we are at $484,350. Daisy’s decided she’s done. Um, but just wanted to let you know that. So for those of you that have been sitting on the fence, not moving up to that next house, cause you just didn’t have the liquidity and leverage to be able to get into that next price range. Now you do. If you have as little as 5% down, we can get you there. So let’s start your new year off, right. (404) 436-0013 and have a great weekend.