Rocket Pro TPO, the wholesale arm of Rocket Mortgage, upped its agency conforming loan limits to $802,650 in 48 states, ahead of an announcement by the Federal Housing Finance Agency (FHFA) that is expected in November.
For Alaska and Hawaii, the ceiling on loans originated by Rocket Pro TPO and purchased by Fannie Mae and Freddie Mac rose to $1,204,000.
Rocket Pro TPO will honor these expected loan limits for mortgage applications on Fannie Mae or Freddie Mac conventional products starting Friday, the company said.
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