Thread: pilot mortgages
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Old 12-03-2017, 08:16 PM
  #104  
MartyTHL
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Joined APC: Jan 2017
Position: 757/767 Capt
Posts: 56
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Good news for anyone house hunting next year...the standard loan limit will be going up from $424,100 to $453,100 for loan closing in 2018. The limit is where you go from a lower interest rate conforming loan to a higher rate jumbo loan. For VA loans it also when you start requiring a down payment.

High cost area loan limits are increasing as well. I'm waiting for the official release from the VA and FHA, but the Federal Housing Finance Authority already pushed it out and the VA/FHA piggy backs on their limits. Below is the link to pull up your specific county's or future county's 2018 limit.

https://www.fhfa.gov/DataTools/Downl...an-Limits.aspx

Marty
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