In 2021, the conforming loan limit is increasing! Here are the details.
I have some exciting news: You may or may not have already heard, but the conforming loan limit will increase in 2021! It will rise by almost $38,000, making the new conforming loan limit $548,250. This means your clients can buy a larger house while staying within the conventional loan limits and avoid inching into jumbo loan territory, which inherently has additional costs. This will allow buyers to put less money down with excellent rates.
If you or someone you know is interested in this or has questions, don’t hesitate to reach out to us. We’re here to help you any way we can.