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    • Tax Preparation
    • Home Loans
    • Personal Finance Coaching
  • About Us
    • Meet Chad
    • Meet Emilie
    • Chad's Story
  • Client Resources
    • Tax Resources
    • Home Loan Resources
    • Financial Coaching Resources
  • E-News
  • Client Reviews
  • Contact Us
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Making Finances Simple. Changing Lives.

12/9/2020

New Home Loan Limits and The Benefits For You!

Each year, home loan limits are assessed as they relate to average home prices. Appreciation in home values can lead to an increase in loan limits. See below for how this impacts you…
​Limit Changes for 2021
“Conforming” loan limits are increasing from  $510,400 to $548,250 (one-unit homes…multi-unit homes vary).
 
“High Balance” conforming loan limits for one-unit homes are increasing from $765,600 to $822,375.
 
Impact on You
With COVID changes to Jumbo home loans, this now enables more borrowers to fit within conventional financing, which offers more flexible guidelines and beneficial loan terms!
 
This also allows more folks to do cash-out loans with the increased limits.
 
We’re already accepting these new loan limits now, even though they don’t take effect until January 1, 2021.
 
Contact us if you have questions!

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​​© 2023 Peshke Financial Inc., all rights reserved. NMLS #2244878. "Making Finances Simple. Changing Lives." is a pending trademark with USPTO. Material contained in this website is for informational purposes only and is not meant to be construed as direct financial advice for your specific situation. It is recommended that you consult with your own advisors for any personalized financial guidance. Since we’re not licensed attorneys, we cannot provide legal advice. As such, any info contained in this website should not be construed as direct legal advice. Individual Licensure (see profiles) - click here. Send Docs Securely - click here.