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BREAKING NEWS: Federal Housing Agency announces new 2019 lending limits!

Tuesday, November 27, 2018   /   by Vanessa Saunders

BREAKING NEWS: Federal Housing Agency announces new 2019 lending limits!


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The Federal Housing Financing Agency today announced an increase in the conforming loan limits for 2019. The new limit is now $484,350 for a residential loan. This decision is important to New York residents especially due to the fact that home prices throughout the United States and especially in the tri-state area continue to rise. The increase allows someone in 2019 who is making a 20% down payment to purchase a property for $605,000 and apply for a conforming loan. This compares to $566,250 in 2018.
This also has a profound effect for FHA mortgages and VA mortgages where lower down payments are more prevalent. It will allow home buyers to purchase a higher priced home and reap the same benefits.

For more information, contact Our preferred lender: 
Barry Goldenberg
Senior Mortgage Loan Originator
Luxury Mortgage Corp
35 Pinelawn Road, Suite 109E
Melville, New York 11747
Cell: 516.398.9511 | Office: 516.393.4470
Direct: 646-329-7335
eFax: 516.706.3127 | www.luxurymortgage.com
NMLS# 86847 Licensed in NY & NJ
NMLS Entity # 2745




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Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258


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