Chicago-based Guaranteed Rate raised agency conforming loan limits to $750,000 on Monday, representing an increase of 3.2% compared to the current limit of $726,200.
“We raised the conforming loan limits to $750,000 on our Fannie Mae and Freddie Mac 30-year fixed. This is in anticipation of the loan limit increase for 2024,” Kate Amor, senior vice president and head of enterprise products at G-Rate, said in an interview with HousingWire during the HW Annual conference held Oct. 10-12 in Austin.
G-Rate is the second mortgage lender to announce it raised the agency conforming loan limits ahead of the Federal Housing Finance Agency’s (FHFA) details ⇒
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