After ten years, the Federal Home Finance Agency (FHFA) will increase its conforming home loan limits for 2017, increasing home buyers financing power. The conforming limit has not budged since it was raised to $417,000 in 2006, just prior to the financial crisis.
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Conforming home loan limits, which apply to all conventional mortgages delivered to Fannie Mae and Freddie Mac, are set each year by FHFA. Fannie Mae and Freddie Mac are … Continue reading