We Can Close Conventional Loans Up to $625k

In light of how much home prices have appreciated in the last year we are now offering conventional loans up to $625k. Later this week FHFA will release their August Home Price Index and it will be interesting to see how much appreciation this report shows. The last report for the month of July showed appreciation of 19.2%. This report for the month of September, which will be released November 30th. The percentage increase from September to September will be the percentage increase for conforming loan amounts in 2022. Based on appreciation of 19.2% for July this would mean the conforming loan limit would increase to $653k. Our High Balance loan amount I would expect will be over $700k.