David and Daisy are here with some big news about the NEW MAX LOAN AMOUNT and APPRAISAL WAIVERS.
Fannie Mae and Freddie Mac have just raised their old loan limit for conventional loans! The old max was $424,100, and the new max is $453,100.
What this means is that people can borrower more money. There are all sorts of uses for this! If you couldn’t get a jumbo loan previously, you may have more options now. Maybe you can be reimbursed for some of the money you may have spent last year on a smaller loan and now you can get a refinance with a larger loan amount.
AND appraisal waivers?! How great to get through the loan process without the burdensome process of an appraisal.
If you need to know about these, give us a call. We’d love to help you!
