New conforming loan limits have just been announced that could have a large impact on your next home purchase! Homebuyers may now borrow up to $726,200 in most counties and up to $1,089,300 in higher-cost areas. This fantastic news follows an increase to $548,250 in 2021 and an additional increase to $647,000 in 2022. That’s a 32% total increase in only two years, which is representative of much higher potential buying power for many borrowers.
Read the official announcement from FHFA.
For the latest news and to see how you can leverage these increases on your next home loan, make sure to contact your Southern Trust Loan Officer today!
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Southern Trust Team
Southern Trust Mortgage is your trusted lender for home financing, refinancing, and mortgage advice. Whether you are a first-time homebuyer or an experienced investor we have the knowledge and experience to guide you through the process.
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