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    • Tax Preparation
    • Home Loans
    • Personal Finance Coaching
  • About Us
    • Meet Chad
    • Meet Emilie
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  • Client Resources
    • Tax Resources
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    • Financial Coaching Resources
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  • Client Reviews
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Making Finances Simple. Changing Lives.

12/2/2021

Yet Another Increase in Loan Limits

​Home prices keep going up, so Fannie Mae & Freddie Mac once again increased conventional loan limits.
Changes From 2021 to 2022
Regular conforming loan limits for one-unit homes are increasing from $548,250 to $647,200!
 
“High Balance” limits for designated high-cost areas are increasing from $822,375 to $970,800!
 
Multi-unit homes vary from the above amounts.
 
What This Does for You
This 18% increase in the above loan limits allows more borrowers to qualify within conforming loans instead of jumbo loans, which provides the following benefits:
  • Qualify with easier guidelines
  • Obtain better rates
  • Receive lower costs
  • Allows reduced down payments
  • Provides room for accessing more equity
 
While these changes don’t go into effect with Fannie Mae & Freddie Mac until January 1, 2022…we’re already allowing the higher loan limits now.
 
Contact us if you have questions as it pertains to your specific situation…we’re happy to help!

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​​Copyright © 2022 Chad Peshke LLC, All rights reserved. NMLS #2244878. Material contained in this website is for informational purposes only and is not meant to be construed as direct financial advice for your specific situation. It's recommended that you consult with your own advisors for personalized financial guidance. Since we're not licensed attorneys, we cannot provide legal advice. As such, any info contained in this website should not be construed as direct legal advice. While Chad Peshke LCC is registered/approved with CA & ID, the trade name "CP" is not approved to be used in ID. This has no impact on our ability to legally do business in CA & ID as Chad Peshke LLC.