The Deal on Jumbo Loan Limits

This is hot off the presses from one of my loan partners Valerie at Prospect Mortgage:

Please note the very important changes below for loan amounts between $417,000 and $729,750. Make sure you are aware of these upcoming changes as interest rates and loan qualifications will be greatly affected. It is anticipated (but not guaranteed) that the new agency jumbo loan limits will now go up to $625,000 instead of $729,750. Any loan amount over $625,000 would receive standard Jumbo pricing which is much higher than the current Agency Jumbo Rates.

Give me a call if you need to speak to my great lender partner about how this may affect you. 408-396-0770