Upcoming Loan Limit Changes

Posted Posted in Annapolis, MD real estate, Chesapeake Bay area real estate, Maryland's Eastern Shore real estate, mortgages, Uncategorized

Conforming Mortgage Loan limits are set to change after September 30, 2011 and will become lower, effectively reducing the amount borrowers will be able to get when buying or refinancing. Loans over these limits are Jumbo Loans or Non-Conforming and require higher down payments and more stringent credit requirements. Area Post 9/30/11 Perm Loan Limit […]