Just Announced — The Expanded Loan Amount Conforming Program
Time to Dream Big!Announcing the new Expanded Loan Amount Conforming Program from Stearns® Wholesale! With it, the amount of that qualifies for a conforming loan is:
- Between $548,251 and $625,000* (in 48 contiguous states).
- Between $822,376 and $937,500* (in Alaska and Hawaii).
This is great news for homeowners. This program allows qualifying buyers to dream extra big without the stricter underwriting requirements and limited pricing options of a Jumbo/non-conforming loan.
You can read more about the program here
*$625,000 loan limit update. Conventional and conforming loans only. Effective 10/08/21 through 12/31/2021. Loan limits may be higher in certain high-cost areas. $937,500 limit exclusively in Alaska and Hawaii.
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Stearns® Wholesale for current rates and for more information. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Stearns® Wholesale LLC does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Stearns® Wholesale LLC. Stearns® Wholesale LLC, its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action. Stearns® Wholesale does not provide tax advice. Please contact your tax adviser for any tax related questions.