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2023 CONFORMING LOAN LIMITS FOR ALABAMA (AL)

2023 Conforming Limit Alabama counties  for 1-unit properties is $726,200 and for 2-unit properties is $929,850. See below the list of all 2023 Conforming Limit Alabama counties for 1, 2, 3, and 4 Unit properties. 2023 Conforming Loan Limits for Autauga County 1  Unit – $726,200 2 Unit – $929,850 3 Unit – $1,123,900 4 Unit – $1,396,800 2023 Conforming Loan Limits for Baldwin County 1  Unit – $726,200 2 Unit – $929,850 3 Unit – $1,123,900 4 Unit – $1,396,800 2023 Conforming Loan Limits for Barbour County 1  Unit  – $726,200 2…
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2023 CONFORMING LOAN LIMITS FOR ARIZONA (AZ)

2023 Conforming Limit Arizona counties For 1-unit property is $726,200 and for 2-unit properties is $929,850 See below the list of all 2023 Conforming Limit Arizona counties for 1, 2, 3, and 4 Unit properties. 2023 Conforming Loan Limits for Apache County 1  Unit – $726,200 2 Unit – $929,850 3 Unit – $1,123,900 4 Unit – $1,396,800 2023 Conforming Loan Limits for Cochise County 1  Unit – $726,200 2 Unit – $929,850 3 Unit – $1,123,900 4 Unit – $1,396,800 2023 Conforming Loan Limits for Coconino County 1  Unit – $726,200 2…
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2023 CONFORMING LOAN LIMITS FOR ILLINOIS (IL)

2023 Conforming Limit Illinois counties for 1-unit property is $726,200 and for 2-unit properties is $929,850 See below the list of all 2023  Conforming Limit Illinois counties for 1, 2, 3, and 4 Unit properties. 2023 Conforming Loan Limits for Adams County 1  Unit – $726,200 2 Unit – $929,850 3 Unit – $1,123,900 4 Unit – $1,396,800 2023 Conforming Loan Limits for Alexander County 1  Unit – $726,200 2 Unit – $929,850 3 Unit – $1,123,900 4 Unit – $1,396,800 2023 Conforming Loan Limits for Bond County 1  Unit – $726,200 2 Unit…
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2023 CONFORMING LOAN LIMITS FOR COLORADO (CO)

2023 Conforming Limit Colorado is $726,200 and goes up to $1,075,250 for high-cost counties for one-unit properties. 2023 Conforming Limit Colorado for 2-unit properties is $929,850 and goes up to $1,376,550 for high-cost counties. 2023 Conforming Loan Limits for Adams County 1  Unit – $787,750 2 Unit – $1,008,450 3 Unit – $1,219,000 4 Unit – $1,514,950 2023 Conforming Loan Limits for Alamosa County 1  Unit – $726,200 2 Unit – $929,850 3 Unit – $1,123,900 4 Unit – $1,396,800 2023 Conforming Loan Limits for Arapahoe County 1  Unit – $787,750 2 Unit –…
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What Does 2023 Conforming and FHA Loan Limit Mean for you?

In most of the United States, Conforming Loan Limit for one-unit properties for 2023 will be $726,200, an increase of $79,000 from $647,200 in 2022.​ The new high balance loan limit for high cost counties one-unit properties will be $1,089,300, up from $970,800 in 2022. Conforming loans are acquired by and conforms to the guidelines set by Fannie Mae and Freddie Mac. Similarly, FHA’s “floor” and “ceiling” loan limits will increase from $420,680 and $970,800 in 2022 to $472,030 and $1,089,300 in 2023, respectively, for a one-unit property. What Does 2023 Conforming Loan…
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2023 Conforming Loan Limits For California (CA)

2023 Conforming Loan Limits California is $726,200 and goes up to $1,089,300 for high-cost counties for one-unit properties. 2023 Conforming Loan Limits California for 2-unit properties is $929,850 and goes up to $1,394,775 for high-cost counties. What is Conforming Loan Limit? Conforming loans are loans that follow guidelines from Government Agencies - Fannie Mae and Freddie Mac. Federal Housing Finance Agency (FHFA) which oversees both Fannie and Freddie, releases the annual loan limits for every county in the country. These are the maximum loan amounts that Fannie and Freddie will allow for those…
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Pros and Cons of Buying a Single Family Home Vs. A Condominium

Buying your first home can be an overwhelming experience. Do you really need a whole house, or would a condo be a better option? What’s the difference? What are the pros and cons of each? Here’s what you need to know about buying a single-family home vs. buying a condominium. Condo Pros A condominium is essentially an apartment that you own. It’s a smaller space, typically in a building or complex with other condos. However, instead of rent, you pay a mortgage—and once that’s paid off, you own it, free and clear. You…
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Fix and Flip Loans for Beginners

What are Fix and Flip Loans? If you are "flipping a house," that is, buy a home for less, fix it up, and then resell for more, you would need a Fix and Flip loan. These loans are for investment property and are also called rehab financing. How much loan can I get? Though the best terms are usually reserved for experienced investors with excellent credit and high down payment, you don't need to have a history of successful real estate investments to get this kind of loan. Our loans are available for…
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6% is Old News. What is Today’s Mortgage Rate?

Since mortgage rates change frequently, sometimes, multiple times a day, it's difficult to figure out - "What is today's mortgage rate?" On Thursday, media - big and small, online and offline, old and new had one common mortgage news - "Mortgage Rates rise above 6% for the first time since 2008." But that was old news The media is always behind on "What is today's mortgage rate" news: The media usually picks up the news from Freddie Mac's Primary Mortgage Market Survey (PMMS) every Thursday when the weekly survey results are published (see…
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InstaMortgage Announces $715,000 Conforming Limit

InstaMortgage, the fastest growing mortgage company in the country, announced that it will start offering a $715,000 conforming loan limit effective immediately. 2022 Conforming (Conventional) Loan Limit for a 1-unit property is only $647,200. InstaMortgage is predicting the 2023 loan limits will be higher and offering that loan limit to its borrowers now, even though the official announcement from Fannie Mae and Freddie Mac is not expected until November 2022. See the table below for the current 2022 loan limits offered by almost all other lenders in the country vs. the new limit…
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