Tag: jumbo mortgage

New Maximum Conforming Loan Limits for 2020

2020 Conforming Loan Limits

Conventional Loans are now bigger and better. The Federal Housing Finance Agency (FHFA) announced the new conforming loan limits for mortgages sold to Fannie Mae and Freddie Mac in 2020. In most of the U.S., the new 2020 maximum conforming loan limit for one-unit properties will be $510,400. This is an increase from $484,350 in… Read more »

Invest in Property with a Minimum Down Payment

Two weeks ago, we discussed how first-time home buyers and those with little money could buy a house with a small down payment. For those of you who have a large savings account and excellent credit, here are some options for investing in property, whether it’s a new home or a second home, with a minimum… Read more »

Michigan Jumbo Mortgage Limits

2019 Jumbo mortgage limits are based on guidelines set by Fannie Mae and Freddie Mac.  Most consider a Jumbo Loan anything over the conforming limit which is currently set at $484,350 however this may differ depending on the type of financing you are seeking. Referencing he Conforming loan limits for 2019 is the best resource to… Read more »