Howard Hanna Mortgage To Increase 2019 Conforming Loan Limits per FHFA Announcement

Pittsburgh, PA (November 29, 2018) – Howard Hanna Mortgage Services is pleased to announce that we are increasing our single-unit conforming loan limit to $484,350 beginning in January of 2019. Conforming loan limits are set by the Federal Housing Finance Agency (FHFA) each year and establish the limit to which the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FHLMC) can guarantee loans. For comparison purposes, the limit in 2018 was $453,100. The new limit for 2019 will be $484,350. The $31,250 increase is the largest single increase in many years. From 2006 to 2016 the limit remained steady at $417,000 before increasing slightly to $424,100 in 2017.

The higher loan limit will offer Howard Hanna Mortgage Services greater flexibility on mortgages up to $484,350 and opens a wider spectrum of possibilities for an increased number of borrowers and their mortgage financing.

To learn more, contact a Howard Hanna Mortgage Loan Originator today!

 

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NMLS: 101561 & 203917. Howard Hanna Real Estate Services is not a mortgage lender. Contact Howard Hanna Mortgage Services for mortgage products & eligibility. Offer of credit is subject to credit approval. Howard Hanna Mortgage Services is licensed by: The Pennsylvania Department of Banking and Securities. The Ohio Department of Commerce – Division of Financial Institutions. The Michigan Department of Licensing and Regulatory Affairs, Office of Financial and Insurance Regulation. Contact a Howard Hanna Mortgage Loan Originator for full details.  PA (800) 474-4437, 1000 Gamma Drive – Pittsburgh, PA 15238. OH and MI – (800) 589-1118, 6000 Parkland Blvd. – Mayfield Hts, OH 44124. mortgage@howardhanna.com

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