Loan Limits rolling out in 2018:
For Conventional Purchases, the new Max is at $453,100 with 3% or 5% down payment remaining.
For VA, the new max is $453,100 with 0% down.
For FHA, $294,515 is the new Max with 3.5% down.
In addition to these new Maximums, the Conventional Debt to Income Ratio has been increased to 50%.
Exciting things are coming in 2018! Don't forget to reach out to us here at Kathy Colkitt's Mortgage Group to see how much more buying power you have with these new regulations!
Happy New Year!!