Great news for home buyers, the 2024 conforming loan limits have increased to $766,550, please see the chart below. Please note, typical high balance locations are also increasing to $1,149,825 for standard 1-unit properties. Coast 2 Coast is proud to offer conventional loans up to the new loan limit effective today. Please connect with us […]
2023 Conforming Loan Limits
Conforming Limit Changes 2024
Consumers may have heard the term “secondary market” as it relates to housing but it’s not very likely. Lenders, however, are very familiar with the term as the secondary market is the lifeblood of the industry. Without it, home loan lending would slow to a crawl resulting in fewer people being able to afford a […]
2023 Conforming Loan Limits Increase 12%
Great news for homebuyers purchasing higher costs homes this year, the Conforming loan limits were just increased for 2023! The old limit was set to $647,200 and the new limits have increased to $766,550. This applies to single (1) unit properties in regular “non” high costs locations. Some high-cost locations in Hawaii, California, New York, […]