Realty Executives Phoenix

Shelly S. Smith

Shelly S. Smith

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New 2023 Conforming Loan Limits

(Published on - 9/22/2022 4:58:58 PM)

It has been announced by a number of lenders and mortgage professionals with whom I am acquainted that the new conforming loan limit for 2023 for a one-unit property will be $715,000.  An official annoucement from the FHFA (Federal Housing Financing Agency) will likely not come until November according to Rocket Mortgage.  These limits are increased based on home prices and conforming loans have less stringent guidelines compared to Jumbo loan products which are typically harder to qualify for.  I love Rocket Mortgages' explanation of important information.  Take a peek....  

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