Special offer
Caroline Gerardo, C. G. Barbeau the Loan Lady nmls 324982 (Licensed in 20 states)

Spam prevention
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Caroline,

Given the prices, I am not surprised...Thank you for always sharing something helpful.  Happy Thanksgiving. A

Nov 24, 2020 01:20 PM
Rainmaker
1,311,397
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Thanks, Caroline Gerardo. Since we are in the high-cost S.F. Bay Area (Alameda County) I think our limit will be what you have displayed, also. 

Nov 24, 2020 09:10 PM
Rainmaker
4,572,173
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

It is often a number that becomes a regular part of speech for some real estate agents.  

Nov 24, 2020 03:54 PM
Ambassador
3,587,960
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

I heard they were just raised......so happy about that.  They needed to as our market keeps going higher and higher

Nov 24, 2020 03:20 PM
Rainmaker
1,513,143
Raymond E. Camp
Ontario, NY

I am sure they are up in most of the country.

Nov 24, 2020 01:27 PM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

That is great news Caroline Gerardo 

Happy Thanksgiving! 

Nov 25, 2020 10:21 AM
Rainer
135,724
Jerrill Ewing
N & J Lake Properties, LLC - Eatonton, GA
Builder

been pretty high in Greene County GA for years.

Nov 25, 2020 08:52 AM
Rainmaker
1,844,291
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Ours is $548,000

Nov 25, 2020 06:17 AM
Rainmaker
5,216,398
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Not a big issue for me in retirement but heard the limits were raised.

Nov 25, 2020 04:14 AM
Ambassador
6,393,179
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Which lender is this the max limit for?

For some of our clients it is more about what their personal limits are, and for others enough cash is available to alleviate any concerns about lending limits.

Nov 25, 2020 12:04 AM
Rainmaker
1,196,798
Doug Dawes
Keller Williams Evolution - 447 Boston Street, Suite #5, Topsfield, MA - Topsfield, MA
Your Personal Realtor®

For Essex County MA we are at $690,000 max FHA for a 1-family home.

Nov 26, 2020 06:54 AM
Ambassador
3,164,294
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

I keep up with that via my favorite loan officer.

Nov 25, 2020 02:14 PM
Rainmaker
7,836,134
Roy Kelley
Retired - Gaithersburg, MD

Enjoy the good news.

Happy Thanksgiving!

Nov 25, 2020 11:40 AM
Rainmaker
2,817,671
Debbie Gartner
The Flooring Girl - White Plains, NY
The Flooring Girl & Blog Stylist -Dynamo Marketers

Is that to avoid jumbo loan rate? If so, that's good. I'm in Westchester County NY. It look like ours is only 548,000 or so. It's a step in the right direction, but still feels low.  Even my mortgage from 15 years ago was higher than that.

 

Where does 822,000 come from. I sure hope people can get loans for higher than that as that's around the avg price in my area.  I mean I get that the loan may be 20% lower due to deposit and I get that people can buy w/ cash.

Nov 25, 2020 10:56 AM
Rainer
378,517
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

have a local loan officer that keeps us informed, but thank you.

Nov 25, 2020 08:55 AM
Rainmaker
2,182,552
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I believe we are at $510,_____\ ( haven’t memorized the last 3 digits 

Nov 25, 2020 06:02 AM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I will have to look up what the nH limits are. Our prices are skyrocketing

Nov 25, 2020 05:30 AM
Rainmaker
5,868,538
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I saw many posts yesterday with the new loan limits, all good news for our buyers.

Nov 25, 2020 05:20 AM