Great News for 2021 Home Buyers!
In 2021 the maximum conforming loan limit is increasing 7.4% to $548,259 from $510,400!
At the end of November the Federal Housing Finance Agency (FHFA) made the announcement that it will raise loan limits for mortgages backed by Freddie Mac & Fannie Mae.
This is fantastic news for home buyers in Glenview, IL and the Chicagoland area because it gives them more buying power.
A higher conforming load limit, along with historically low interest rates increases a buyers home affordability. So essentially, they can get a more house for their money.
Who’s ready to go house hunting?!
Blog post by Top Glenview, IL Real Estate Agent, Vittoria Logli