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Conventional Loan Limit Increase 2020

November 29, 2019 4:06 pm
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LH Lending is now accepting new applications with increased loan limits!

The Federal Housing Finance Agency (FHFA) announced Tuesday that conventional loan limits are increasing. The new 2020 base loan limit in most of the country will be $510,400 (a 5.4% increase over 2019).

2020 loan limits

How can you start using these new limits?

New conventional loan limits may be used with new applications beginning November 27, 2019.

More details are available in Fannie Mae Lender Letter LL-2019-09 and Freddie Mac.

Get pre-qualified with our award-winning team today! 

 

 

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This post was written by LH Lending

Amanda Blakeney
Louisiana

7389 Florida Boulevard
Suite 200C
Baton Rouge, LA 70806
Office: 225-490-6649 | Cell: 985-320-8115
Email: ablakeney@lhlending.com
NMLS 1106845

Equal Housing Lender. ©2022 LH Lending 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. LH Lending LLC encourages all consumers to consult with a tax advisor concerning the tax implications for the type of mortgage sought.

7389 Florida Boulevard Suite 200C, Baton Rouge, LA 70806 | LH Lending NMLS 1197059 www.nmlsconsumeraccess.org

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