{"id":700,"date":"2018-02-09T12:02:09","date_gmt":"2018-02-09T12:02:09","guid":{"rendered":"http:\/\/marioshomenews.com\/?p=700"},"modified":"2018-02-09T12:02:09","modified_gmt":"2018-02-09T12:02:09","slug":"new-home-loan-limits","status":"publish","type":"post","link":"https:\/\/marioshomenews.com\/?p=700","title":{"rendered":"New Home Loan Limits"},"content":{"rendered":"<div id=\"attachment_676\" style=\"width: 310px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/marioshomenews.com\/wp-content\/uploads\/2018\/01\/iStock-621233436.jpg\"><img decoding=\"async\" aria-describedby=\"caption-attachment-676\" class=\"size-medium wp-image-676\" src=\"http:\/\/marioshomenews.com\/wp-content\/uploads\/2018\/01\/iStock-621233436-300x206.jpg\" alt=\"New Loan Limits\" width=\"300\" height=\"206\" \/><\/a><p id=\"caption-attachment-676\" class=\"wp-caption-text\">New Home Loan Limits<\/p><\/div>\n<p>from the FHFA website<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<h1><strong>Fannie Mae and Freddie Mac Baseline Limit Will Increase to $453,100<\/strong><\/h1>\n<p>&nbsp;<\/p>\n<p>Did you know the FHFA announced new maximum conforming loan limits for 2018?<\/p>\n<p>&nbsp;<\/p>\n<p>In late 2017, the, The Federal Housing Finance Agency (FHFA) announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2018. \u00a0As a result, in most of the U.S., the 2018 maximum conforming loan limit for one-unit properties will be $453,100, an increase from $424,100 in 2017.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Baseline limit<\/strong><\/h2>\n<p>The Housing and Economic Recovery Act (HERA) requires that the baseline conforming loan limit be adjusted each year for Fannie Mae and Freddie Mac to reflect the change in the average U.S. home price.\u00a0 In late November, FHFA published its third quarter 2017 House Price Index (HPI)\u00a0<strong>report<\/strong>, which includes estimates for the increase in the average U.S. home value over the last four quarters.\u00a0 According to FHFA&#8217;s seasonally adjusted, expanded-data HPI, house prices increased 6.8 percent, on average, between the third quarters of 2016 and 2017.\u00a0 Therefore, the baseline maximum conforming loan limit in 2018 will increase by the same percentage.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>High-cost area limits<\/strong><\/h2>\n<p>For areas in which 115 percent of the local median home value exceeds the baseline conforming loan limit the maximum loan limit will be higher than the baseline loan limit.\u00a0 HERA establishes the maximum loan limit in those areas as a multiple of the area median home value, while setting a &#8220;ceiling&#8221; on that limit of 150 percent of the baseline loan limit.\u00a0 Median home values generally increased in high-cost areas in 2017, driving up the maximum loan limits in many areas.\u00a0 The new ceiling loan limit for one-unit properties in most high-cost areas will be $679,650 \u2014 or 150 percent of $453,100.<\/p>\n<h2><strong>Why Work with Mario Quintero?<\/strong><\/h2>\n<p>Are you in the market to either purchase a property or refinance your existing mortgage?\u00a0 Are you confused about all the options available in the marketplace?\u00a0 Have a look at your options with the help of Mario Quintero of STC Loans. Mario has been in the real estate mortgage business since 2002. Mario\u2019s experience is tested and true. Mario has helped thousands of clients secure and improve competitive real estate mortgage interest rates .<\/p>\n<p>Mario Quintero, principal of Strock and Tanner Mortgage, gets your deal done. Let Mario be both your trusted Miami realtor and Miami mortgage broker.<\/p>\n<h2><strong>Get in Touch with Mario<\/strong><\/h2>\n<p>I\u2019m Mario Quintero, your mortgage &amp; realtor for life. Let me be your Miami home consultant. Our office specializes in both residential and commercial real estate and financing programs. Let me help you secure a conventional, jumbo, FHA and foreign national mortgage loans. Furthermore, we can help your elderly parents secure a comfortable retirement with a reverse mortgage.<br \/>\nCall me today at <a href=\"tel:305-598-1600\" target=\"_blank\" rel=\"noopener\">305-598-1600<\/a> or contact me here.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>from the FHFA website \u00a0 Fannie Mae and Freddie Mac  [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-700","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>New Home Loan Limits - Mario&#039;s Home News<\/title>\n<meta name=\"description\" content=\"Did you know the FHFA announced new maximum conforming loan limits for 2018? 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