2014 Loan Limits

Fannie Mae & Freddie Mac have announced that they’ll leave the conforming loan limit unchanged for 2014 at $417,000 . Loans over this amount are considered Jumbo and are subject to higher rates and different underwriting guidelines regarding downpayment, credit score, debt to income ratio’s etc., therefore making Jumbo loans more expensive.

Happy Thanksgiving!!

For a loan application or preapproval 24/7  go to www.firstplacebank.com/lizschneider

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About lizschneider66

Mortgage consultant with over 18 years experience. First time buyers, move up buyers, construction, FHA/VA, Jumbo loans, investment property purchases, & refinances- I will find the solution to financing the American dream of homeownership! Subscribe to my blog and never miss any mortgage industry news.
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