10/03/2024
BIG NEWS for Homebuyers!
Atlantic Bay is now accepting Conforming Conventional loans up to $795,000—an increase from $766,550 in 2024.
What are Conforming Loan Limits? They're the maximum amount for mortgages that Fannie Mae and Freddie Mac will purchase or guarantee.
Why This Matters:
Higher limits = more borrowing power
Potentially lower interest rates compared to jumbo loans
More flexible lending options for more expensive homes
Curious how this affects your homebuying journey? Let's chat!