On Wednesday, December 2nd, the Federal Housing Administration announced their new loan limit for Singly Family homes which will go into effect in 2021. Compared to 2020, the new limit increased by nearly $25,000, capping loans at $356,362. To learn more about this announcement you can check out the announcement from Fannie Mae.
If you’re looking to buy a house or refinance your mortgage, you can email us or gives us a call at (323) 412-9060.