About Government Refinance and Home Purchase Programs

Information and Updates on Government Mortgage Programs

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For many years the maximum loan amount for a conforming (Fannie/Freddie) mortgage has been set at $417,000 except in counties designated at “high-cost” counties. Starting in January of 2017 that limit has finally been increased to at least $424,100 in every county in America. The limits are higher than that in high-cost counties still too. Likewise, the maximum loan amount for FHA loans in non high-cost counties has been increase nationwide from $271,050 to $275,665. The loan limit changes aren’t earth-shattering, but they will be helpful to borrowers who are getting loans right near the limits. See here for the loan limits in every county in America.

Contact us today to learn more about available government-backed home purchase and refinance programs.

Comments (1) Posted by G.R.A. Admin on Thursday, December 8th, 2016