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Now Accepting Apps with 2019 Increased Conventional Loan Limits

Now Accepting Apps with 2019 Increased Conventional Loan Limits

CategoriesBuy-Purchase-Sell / First Time Home Buyer / News & Awards / Realtor Blog

Rebecca Squyres

November 28, 2018

Yesterday, the Federal Housing Finance Agency (FHFA) announced that the conventional loan limits will be increasing by 6.9% next year (2019). Conventional loans are also known as conforming loans.

But there is no need to wait for 2019, because effective immediately – GMFS Mortgage is accepting new applications with the increased 2019 conventional loan limits!

The new 2019 base conventional loan limit in most of the country will be $484,350.

Learn more about Conventional loans.

2019 General Loan Limits

Units

Contiguous States, D.C,
and Puerto Rico

One

$484,350

Two

$620,200

Three

$749,650

Four

$931,600

 

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Equal Housing Lender. ©2017 GMFS LLC. Loan programs not available in all states, or to all consumers. All loans are subject to availability at the time of application and for terms that meet each individual consumer’s needs and qualification information. Loan applications are subject to credit and property approval. GMFS LLC encourages all consumers to consult with a tax advisor concerning the tax implications for the type of mortgage sought. All mortgages are originated by GMFS LLC, NMLS ID #64997, at 7389 Florida Blvd. Suite 200A Baton Rouge, LA 70806. The retail division of GMFS LLC is Doing Business As “GMFS Mortgage”.

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