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01-24-2008, 01:44 PM #1
Renter
- Join Date
- Jan 2008
- Posts
- 4
Conforming Loan Amount Increased!!!
Republicans on the Hill have agreed to raise the current loan
limit of $417,000 for a single family home for one year although
there is not yet agreement on how high the limit should go, estimates are at $710,000
Current Rate;
Conforming Rate: %5.5 ($50,000 to $417,000)
Jumbo: %6.75 ($417,001 to $710,000)
Proposed New loan amount limit will be from $50,000 to $710,000 at a rate of %5.5!!!!!! Thats amazing, this might be the beginning of a new refi/purchase boom. This increased loan amount will be only available for 2008. Lets hurry and get some deals out of this opportunity!
If you have any clients that will benefit from this send me a email or call me please.
The lower the interest rate the more of your clients qualify for a new home. Any questions email me.
Ameridream Homes
Mortgage Service Nationwide
Thank YouLast edited by Chief Tutor; 01-24-2008 at 06:32 PM. Reason: NO Phone Numbers
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