Prosperity Home Mortgage (PHM) is Ready!
The Federal Housing Finance Agency (FHFA) has announced their proposed increases to Conventional Loan Limits.
In response, Prosperity Home Mortgage (PHM) has raised their conventional loan limits.
Now, you can receive a loan for a single family home you will reside in (primary residence) for up to $802,650!
The increase is a sign of how far we have come in such a short time. In 2019, the primary residence max loan amount was just $484,350.
What if you’d liek to borrow above the conforming loan limits? You will need to take out a non-conforming loan, such as a Jumbo Loan.
Need more information on mortgage loans?
It’s never to early to discuss loan options. Reach out to a local PHM agent: Eric Nowik, eric.nowik@phmloans.com
Or CONTACT ME for other options