Blog Duplex The New Loan Limits Are Here!

The New Loan Limits Are Here!

By Mel Dorman, December 3, 2021

Which is good news because…

The loan must meet underwriting guidelines set by Fannie Mae or Freddie Mac
And…because conforming home loans adhere to underwriting rules set by Fannie and Freddie, which include credit and income requirements, they are considered lower risk and are more easily sold to investors in bulk on the secondary market.
Which means…you should be able to get a cheaper mortgage rate, all else being equal, if your home loan conforms to Fannie Mae and Freddie Mac’s standards.

Mel Dorman

Broker | OR & WA

She/They

Ten years ago, Melissa was living in a slum in Kolkata, India, helping over 200 women escape sex trafficking by providing alternative work at a social business...
Read More
  • T: 503-567-4697
  • melissa@livingroomre.com

You might also enjoy

Exploring Houseboat Living in Portland, Oregon: Benefits and Drawbacks

Will Sing

Houseboat Living in Portland, Oregon: Is It Right for You? Are you considering houseboat living in...

Title: What Is Deferred Maintenance? 5 Red Flags Every Homebuyer Should Watch For

Sally Tansill

As a realtor who’s walked through hundreds of homes with buyers, I can’t stress this enough:...

Think It’s Better To Wait for a Recession Before You Move? Think Again.

Chad Meier

I’m noticing that fears of a recession are being expressed in headlines of late; and if...

Splashtastic! The Coolest Spots for Hot Days–Splash Pads and Interactive Fountains

Constance Rigney

With temperatures rising, it’s time to take advantage of Portland’s awesome splash pads and interactive fountains!...