General World News

UWM raises 2024 conforming loan limits 

The country’s top lender, United Wholesale Mortgage (UWM), raised agency conforming loan limits to $750,000 following other firms’ moves ahead of the Federal Housing Finance Agency’s (FHFA) decision expected next month.

UWM will honor expected limits for conventional and VA loans locked starting Oct. 11, the company said on Wednesday. This represents a 3.2% increase from the current loan limit of $726,200.

The updated limits will also be available on one-unit VA loans and one- to four-unit homes, the Pontiac, Michigan-headquartered lender added.

The FHFA typically releases new loan limits for conforming loans around late details ⇒

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