Good News on Loan Limits in 2019
With the increase in average sales prices and interest rates, we have some good news on loan limits in the coming year. Beginning January 1, 2019, we will be seeing an increase in loan limits. Effective January 1, 2019, conventional loan limits are changing to $484,350, meaning a jumbo loan will not be necessary unless you are borrowing above $484,350.
VA and FHA loan limits are slated to change in early 2019. Here are the changes, coming up in less than a couple of weeks, compared to this year’s current limits.
**NOTE: The limit can vary, depending upon the county that the property is located. Mecklenburg County’s FHA limit will be increasing to $317,400.
© Debe Maxwell | The Maxwell House Group | CharlotteBroker@icloud.com | Good News on Loan Limits in 2019
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