As the Leaders in Informed Lending, we want to ensure you’re up to speed on the recently announced 2024 loan limits.
If you have any questions about how these new loan limits can impact your financing options, we would be honored to help.
The Federal Housing Finance Agency (FHFA). raised its conforming loan limit in Maricopa County by 5.56% to a maximum amount of $766,550 in 2024. In some areas, the limit is even higher. The new limits will take effect in January.
This means buyers will have more flexibility (and possibly lower rates) when financing a higher-priced home.
We’ve created a customized look-up tool you can share with your prospects. It shows current numbers. We update it every time there’s a change, so it’s a great tool to bookmark.
If you have any questions about these changes, please reach out!