HUGE Mortgage Changes for 2025/2026! Will YOU Qualify for a Home NOW?
Did you know that in the early 1970s, a "regular mortgage" limit was just $33,000? Fast forward to 2025, and the baseline conforming loan limit for most borrowers has surged to $806,500, with an additional increase to $832,750 projected for 2026. These limits, set by the Federal Housing Finance Agency and adhered to by Fannie Mae and Freddie Mac, are crucial as they aim to stabilize the market and make financing more attainable due to reduced lender risk. However, if your dream home exceeds these amounts, you might face the challenge of securing a riskier jumbo loan or a piggyback loan, often requiring higher credit scores and down payments. Therefore, understanding these dynamic limits is essential for anyone navigating today's real estate landscape. Subscribe to our channel for more crucial financial insights.
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