| Conforming Loan limit Increase Update |
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The latest news I have on the upcoming conforming loan increase is that it would go into effect possibly March 7.
The amount for a jumbo loan would increase from $417,000 to possibly as high as $725,000 in high-price areas such as the South Bay.
If you have been waiting to purchase a home, now is a good time to contact your lender to ask questions, get your existing prequalification letter updated, or begin the process for a loan prequalification.
If you need a lender recommendation, please let me know. I have several excellent sources to refer!
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