What is a conforming loan?
A conforming loan is one that is limited to $647,200 for most of the U.S., which means you may be able to avoid the stricter requirements of a jumbo loan.
Loan limits vary over time and by location so you should check with your lender or Realtor for the latest information.
Other loan types include jumbo loans, FHA, and VA.
Categories:
Financing,
Home Buyers
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