Come a little closer – we’ve got something great to share with you. The FHA has increased their lending limits for 2018.
That means more money to make your dreams come true. Whether that means country, lakeside, urban or a little slice of suburbia, it means you have more freedom to fight just what works for you.
It means you have the freedom you need to find the perfect place to house all your brand-new-pending-memories.
Let’s get down to the glorious nitty-gritty, shall we?
2018 conforming loan limits for the contiguous U.S. will be:
1 unit: $453,100
2 unit: $580,150
3 unit: $701,250
4 unit: $871,450
2018 high-cost area loan limits in designated high-cost areas will be:
1 unit: $679,650
2 unit: $870,225
3 unit: $1,051,875
4 unit: $1,307,175
So – why is this great news? Well – depending on your loan details – the increased loan limits mean you may be eligible for a conforming loan, which has better rates and less restrictive guidelines than a jumbo loan.
Looking for a little more insight? Visit the FHA here to find out more: Click here for a list of the 2018 maximum loan limits for all counties and county-equivalent areas. Click here for a map showing the 2018 maximum loan limits across the U.S.
Pretty cool, right? We think so, too. Let’s talk it out. Email us to schedule a time for a sit down. Talk soon!