What are conforming loan limits and why do I care?
In order to qualify for conventional financing one of the requirements is that your loan amount does not exceed a certain amount. Conventional Loans tend to have the most competitve rates.
The conforming loan limits are used for Fannie Mae Freddie Mac and HUDs FHA loans.
VA loans use conforming loan amounts for those veterans using their remaining entitlement. Those use their full entitlement are not bound by conforming loan limits.
Conforming loan limits vary per county.
Click here to visit the Federal Housing Agencys website to look up the conforming loan limits in your county.
We've been helping customers afford the home of their dreams for 30 years and we love what we do. Licensed in NY and Florida
Company NMLS: 5947
www.nmlsconsumeraccess.org
Fidelity First Mortgage Corp is a registered Mortgage Broker with the NYS Dept of Financial Services. And with the Florida Dept of Financial Services. All loans are arranged through 3rd Party Lenders.
Headquarters:
3974 Amboy Road Suite 302
STATEN ISLAND, NY 10308
Phone: (718) 759-1035
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