Effective today, borrowers are now able to lock FHFA conforming loans with the new expanded loan amounts $647,201 – $715,000. This will help the jumbo market to attain Fannie/Freddie pricing options and down payment requirements. As you know, Fannie Mae and Freddie Mac are restricted by law to purchasing single-family mortgages with origination balances below a specific amount, known as the “conforming loan limit” (CLL) value. Loans above this amount are known as jumbo loans. Jamie Pollard, Loan Sales Manager with Academy Mortgage wanted to share with the members so you were aware of the latest news.
Jamie Pollard, Sales Manager | NMLS #441889 Academy Mortgage
Direct: (413) 684-3140, Mobile: (413) 822-6804