Financing Real Estate Investments for Dummies by Ralph R. Roberts


 

 

 

About the Author

Ralph R. Roberts is an internationally acclaimed real estate agent, speaker, investor, and consultant. Chip Cummings is a real estate lending expert, a Certified Mortgage Consultant with more than 25 years of experience, and a seasoned real estate investor. Roberts and Cummings coauthored Mortgage Myths: 77 Secrets That Will Save You Thousands on Home Financing.

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Breaking News! Higher Loan Limits for 2018


Ask Carolyn Warren

Both Fannie Mae and Freddie Mac announced today that they are raising the loan amount for conventional loans for 2018. This means home buyers can borrow more money without having to take a jumbo loan (with a higher interest rate and tougher approval requirements).

For most of the U.S., the new loan limit is $453,100. For 2017, it is $424,100.

For “high cost areas” the new loan limit is $670,650.  (These are areas in which 115 percent of the local median home value exceeds the baseline conforming loan limit. The calculation is 150% of $453,100.)

For a map showing the loan limits by county, click here.

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