Federal Housing Finance Agency (FHFA) will increase conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac.
Bethesda, MD, November 30, 2018 — The increase was a necessary step as home values have continued to rise across the United States. Conforming loan limits on one-unit properties will rise from $453,100 to $484,350 (high-cost areas – $679,650 to $726,525). For a map of conforming loan limits please click here.
MC Financial, Inc. endorsed the increase of conforming loan limits by the Federal Housing Finance Agency (FHFA). This decision will broaden the lender base in targeted areas and have a positive impact on current and potential homeowners in 2019. This is the third year in a row that the FHFA has hiked the limit on conforming loans.
“We are extremely excited about this news as we have seen along with the industry that home values have continued to rise especially in our core areas. Our originators can now offer their clients a conforming loan versus advising on a down payment increase or other solutions to their home buying scenario. When this came across the wire, I have to say that our originators were immediately making calls to advise their clientele,” said Amir Guerami, Managing Partner of MC Financial, Inc.
About MC Financial, Inc.
MC Financial, Inc., a full-service mortgage lender with offices in Bethesda, MD, and Los Angeles, CA offers expertise in every area of retail mortgage lending from home purchase, home refinance to new construction lending. Established in October 2013, co-founders Amir Guerami and Ray P. Cruz, built MC Financial, Inc. with one goal in mind and that is to make a positive contribution to homeowners. Built on transparency, integrity, and passion, MC Financial, Inc. provides unfettered insight into the mortgage process for the homeowner and real estate professional. MC Financial, Inc. is licensed in California, Maryland, Virginia, Florida and Washington, DC.