We wanted to share some exciting news!
The Federal Housing Finance Agency (FHFA) has announced that the maximum conforming loan limits for high balance mortgages are increasing due to rising home values. Some of the counties and their new loan limits can be seen in the table below. Please note that these increases are for single family residences only. The new limits go into effect on January 1, 2017.
To see how this affects your upcoming home purchase or to ask about new loan limits in other counties, click to contact your local loan expert at 8z Mortgage today!