My office has received word that conventional loan limits, which were lowered late last year to $625,000, have finally returned to $729,750. This means that clients who were facing jumbo loan rates for loans above $625,000 may now be able to take advantage of a higher loan at rates below 5% with a fraction of points.
In markets such as the Washington DC area, this is doubly good news to buyers with 20% down payments who have been wiating to move on homes whose prices are now within the acceptable price ranges for their financing planning.
WC&AN Miller Realtors, A Long & Foster Company
4701 Sangamore Road, Bethesda, Maryland 20816
Cell: 301-452-1409 Direct: 301-320-8430 Ofc: 301-229-4000
Email: hslowinski@longandfoster.com or Hill@HillSlowinski.com
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F. Hill Slowinski, JD, REALTOR® in DC, MD, and VA
W.C. & A.N. Miller Realtors, A Long & Foster Company
Exclusive Affiliate of Christie's Great Estates, Top 1% Long & Foster Agents, President's Club 2008
Consultant, Luxury Real Estate, Sloans & Kenyon Auctioneers and Appraisers
4701 Sangamore Road, Bethesda, Maryland 20816
Tel: 301-229-4000 Fax: 301-229-4015
Direct: 301-320-8430 · Cell: 301-452-1409
Email: HSlowinski@LNF.com · Web Site: www.HillSlowinski.com
Weblog: http://HillSlowinskiRealEstate.com
