As of Monday (04/27) Wells Fargo will have available the new High Balance Conforming Loan limit for your buyers (and for refi'ers as well). This new loan limit increases the conforming loan limit from the current $625,500 to $729,750. Obviously this will allow people to borrower more and therefore be able to afford more expensive homes. Considering that the Jumbo loan market has still not recovered this is welcome news.
Also good news is that the underwriting conditions have not changed for these High Balance Conforming Loans. People have not had difficulty qualifying for these loans.
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