• Scott Kepler

    NMLS #833792

    (813) 444-8537


  • Conventional Loan Limits Increased!









    For the first time in more than a decade Fannie Mae and Freddie Mac announce the increase in their loan limits.  Beginning on January 1st, 2017 the conventional loan limits will be increased from $417,000 to $424,100.  The change will increase the limit for high-cost areas from $625,500 to $636,150.

    While the increase may not seem significant, it does open the purchase price limits to make more affordable home loans available to seasoned and First Time Homebuyers.  In conjunction with the HomeReady or HomePossible programs, most buyers can qualify with as little as 3% down payment

    The Federal Housing Administration (FHA) has yet to announce a loan limit increase.  Assuming FHA decides to follow their normal trend of 65% of the conventional loan limit, we could see an increase in the FHA loan limits from $271,050 to $275,665.  This would be a fantastic increase as FHA's underwriting guidelines tend to be more flexible on credit score and past significant derogatory credit events like foreclosures, short-sales, and bankruptcy.

    Curious as to which program works best for you? Contact us for a one-on-one analysis of your home financing options!

  • Contact Us

    If you are searching for “mortgage lenders near me” you can find us located at:

    2918 Busch Lake Blvd Suite A
    Tampa, FL  33614

    You can also call to make an appointment at 813-444-8537.