2022 Conforming Limits New Jersey is $647,200 and goes up to $970,800 for high-cost counties for one-unit properties. 2022 Conforming Limits New Jersey for 2-unit properties is $828,700 and goes up to $1,243,050 for high-cost counties. 2022 Conforming Loan Limits for Atlantic County 1  Unit – $647,200 2 Unit – $828,700 3 Unit – $1,001,650 4 Unit – $1,244,850 2022 Conforming Loan Limits for Bergen County 1  Unit – $970,800 2 Unit – $1,243,050 3 Unit – $1,502,475 4 Unit – $1,867,275 2022 Conforming Loan Limits for Burlington County 1  Unit – $647,200…continue reading →


2022 Conforming Limit Nevada counties is $647,200 and for 2-unit properties is $828,700 See below the list of all 2022 Conforming Limit Nevada counties for 1, 2, 3, and 4 Unit properties. 2022 Conforming Loan Limits for Carson City 1  Unit – $647,200 2 Unit – $828,700 3 Unit – $1,001,650 4 Unit – $1,244,850 2022 Conforming Loan Limits for Churchill County 1  Unit – $647,200 2 Unit – $828,700 3 Unit – $1,001,650 4 Unit – $1,244,850 2022 Conforming Loan Limits for Clark County 1  Unit – $647,200 2 Unit – $828,700 3…continue reading →

InstaMortgage Announces $625,000 Conforming Loan Limit for all Counties

  While all the other mortgage lenders are offering a base conforming limit of only $548,250 for 1-unit, InstaMortgage announced that they will allow conforming loans up to $625,000 for all the counties where the conforming loan limit is only $548,250. How does this work? If you are buying or refinancing a home in a county where the conforming loan limit is only $548,250, you can now qualify for up to a $625,000 loan amount following the same guidelines. The loans will still be backed by the same government agencies - Fannie Mae…continue reading →

2021 Conforming and FHA Loan Limits

2021 will see an increase in both the Conforming and FHA loan limits. Increases in home prices across the U.S. have led to an increase in conforming loan limits. The Federal Housing Finance Agency (FHFA) has announced the maximum conforming loan limits (CLLs) for mortgages acquired by Fannie Mae and Freddie Mac in 2021. The 2021 conforming loan limit will increase to $548,250 for one-unit properties. This will be applicable to most of the United States and constitutes a 7.42% increase from 2020’s limit.  High-cost counties like San Francisco, CA will see the…continue reading →

Forborne Mortgage Numbers Drop Again; Albeit at a Lower Rate

The number of mortgages hitting forbearance has come down for a 6th consecutive week. The speed of fall has slowed down though. Forbearances triggered by the Coronavirus declined by 6 basis points  (7.8% to 7.74%) between 13th and 19th July, confirms the Mortgage Bankers Association. For the independent mortgage providers, the loans sitting in forbearance climbed to 7.85% from 7.83%. The MBA’s senior vice president (and chief economist) Mike Fratantoni suggested, "Although the GSE portfolio of loans in forbearance should continue to improve, Ginnie Mae's portfolio saw an uptick of both loans in…continue reading →

Mortgage Forbearances Register Biggest Dip

The Mortgage Bankers Association reveals that the coronavirus-related mortgage forbearance growth had its biggest drop of 8 basis points over the June 22-June 28 week. For the last week of June, nearly 4.2 million mortgages were under forbearance; this is 8.39% of the total loans outstanding. The percentage is less than 8.47% posted a week prior. For the banks servicing independent mortgages, forbearance loans fell from 8.42% to 8.33%. Mike Fratantoni, Senior Vice President and Chief Economist of MBA, suggested that the forbearance numbers are only expected to come down, now that the…continue reading →

As Lending Standards Tighten, Mortgage Credit Availability Index Drops to a 5-year Low

Mortgage Bankers Association (MBA) after analyzing data from Ellie Mae's AllRegs® Market Clarity® business information tool reported that the Mortgage Credit Availability Index (MCAI) in April dropped to the lowest level since December 2014. The decline is MCAI shows the tightening of lending standards showing decreased availability of mortgages for potential borrowers. The MCAI index fell by 12.2% to an index of 133.5. The rate of decline in the last 2 months is the sharpest in over a decade. As evidenced by the chart below, the MCAI fell for every product category. The…continue reading →

Getting a Mortgage has suddenly become Hard (and about to get even Harder)

Mortgage credit supply decreased 16 percent in March to the lowest level since June 2015, with declines in availability across all loan types. There was a reduction in the availability of loans with lower credit scores and higher LTV ratios, and the largest pullback came from the jumbo and non-QM space. With the mortgage market shaken badly by the Coronavirus pandemic, both purchasing and refinance loans have become harder to get. JP Morgan believes that at 10% unemployment, we may be looking at 2 million new mortgage delinquencies. The number could go up…continue reading →

Mortgage Rate Recap and Outlook for the Week Ending February 21, 2020

The speed of residential construction has shot up over the past few months and is well in line to reach its best figures in over a decade. For a market that has been short on inventory for some time now, this is great news, especially with the spring season already calling on us. Mortgage Rates: rates increase all around This week’s Mortgage Banking Associations’ (MBA) weekly rate survey reveals an increase across the board. According to the MBA Weekly Survey: “The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) increased to 3.77 percent…continue reading →

2020 FHA Mortgage Loan Limits for all the Counties in Washington (WA)

ADAMS 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 ASOTIN 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 BENTON 1 Unit – $331,7602 Unit – $424,8003 Unit – $513,4504 Unit – $638,100 CHELAN 1 Unit – $345,0002 Unit – $441,6503 Unit – $533,8504 Unit – $663,450 CLALLAM 1 Unit – $384,1002 Unit – $491,7003 Unit – $594,3504 Unit – $738,650 CLARK 1 Unit – $491,0502 Unit – $628,6003 Unit – $759,8504 Unit – $944,350 COLUMBIA 1 Unit – $331,7602 Unit – $424,8003 Unit…continue reading →