2017 County Loan Limits

2017 County Loan Limits

2017 County Loan Limits are up! Over the past couple of years our loan limits were set as follows: $417,000 for a conforming loans, and $580,750 for what is typically called a High Balance Loan (set by the County Median Home Average). Well it was just announced that in 2017 the new loan limits will be as follows: $424.100 for conforming loans, and $612,900 for the County (High Balance) limit. That means if you had a pre-approval, and were being capped by the Max Conforming Loan Limit, you may now be able to borrow a little more and bump up your purchase price! If that sounds like that might be you, and you want to take a second look at your pre approval, email me at Scott@GreenMenasGrow.Com. And for the most up to date rates and calculators, download my app at http://svanvugt.mortgagemapp.com