Pennymac followed the tracks of Rocket Pro TPO and United Wholesale Mortgage in raising conforming loan limits ahead of the Federal Housing Finance Agency‘s (FHFA) decision to do so in November.
The country’s third-largest purchase mortgage lender, according to Inside Mortgage Finance, will be increasing conventional loan limits to $715,000 across all channels, Pennymac said Thursday.
“At Pennymac, we continue to support our customers and partners by providing them with the best options in today’s market,” Lauren Padilla, vice president of brand marketing at Pennymac said. Official 2023 conforming loan limit changes will be determined by the FHFA details ⇒
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