C21AGVoices

Real Estate Wisdom and Information From CENTURY 21 Advantage Gold -The Only CENTURY 21 Firm With Offices in Pennsylvania AND New Jersey!

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Higher Home Loan Limits Return!

February 23rd, 2009 · Comments Off on Higher Home Loan Limits Return!

Image by Rev Dan Catt via Flickr Everything old is new again. Conforming mortgages are limited by loan size, based on “typical” housing costs around the country.  The current conforming limit on a single-unit property is $417,000. In 2008, as part of the Economic Stimulus Act of 2008, Congress authorized conforming loan limits increases in “high-cost” […]

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Tags: Economy · Mortgage Lending