3 Mortgage Loan Updates Starting Off 2020

As we continue to move into 2020, you’ll want to know about these three updates to common mortgage loan programs and standards.

1. Conforming Loan Limits have increased to $510,400.  Having higher conforming loan limits gives borrowers more options!

2. FHA Loan Limits have increased to $331,760.  This increase allows more borrowers to take advantage of FHA’s low down payment without income restrictions.

3. VA has eliminated the loan limit restrictions for zero down! VA Funding Fees have changed, so make sure to see your LO for more details.