New Fannie/Freddie Conforming Loan limits for 2018!

We just received word that the new loan limits in 2018 for the government agencies (Fannie and Freddie) have been increased! The conforming loan limit of $424,100 has increased to $453,100, and the agency The limit for high-balance conforming loans have gone from $636,150 to $678,650.
 
Loans that are below these limits generally have better terms, so this is a change that can help people in a lot of different situations.
 
Are you currently paying PMI (Private Mortgage Insurance)?
Do you want to take some cash out of your home to do some work or financing a special need?
Would you like to refinance out of a 2nd loan to a single loan?
 
The benefits are open to homeowners of condominiums, Townhouses and Single Family residences, from 1-4 units. Loans on 2 to 4 units have higher limits.
 
This article was provided by friend and trusted resource Eric Nelson. You can reach me at eric@svcfunding.com, or 408-268-2442. Please contact him if you want more information.