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 Conforming loan limits got a boost for 2019 in nearly every part of the U.S. The Federal Housing Finance Agency, a regulator for mortgage financing giants Fannie Mae and Freddie Mac, announced that conforming loan limits will rise in 2019 to $484,350 in most parts of the country. That marks a 6.9 percent increase over this year's $453,100.
The FHFA limits set the maximum single-family mortgage amounts that Fannie Mae and Freddie Mac will finance, as well as limits for the Federal Housing Administration program. The FHFA also announced an increase to loan limits in "high-cost areas," where 115 percent of the local median home value is higher than the baseline loan limit. The new limit for one-unit properties in most high-cost areas will be $726,525 in 2019, rising from the current $679,650. Click here to read the full Realtor Magazine story. |
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Did you know that the quickest way to accumulate wealth is lower your taxes to the legal limit? If you could simply keep more of the money you earn, it makes a huge difference. If you don't plug those holes then you are constantly filling a leaky bucket.
Nevada REALTORS® will host its annual installation gala on Friday, Dec. 7 at The Foundry in the SLS Las Vegas. The cocktail-attire event will begin with a cocktail hour at 5:30 p.m. followed by dinner at 7 p.m. NVR's 2019 President Keith Lynam will be installed as will the association's 2019 officers and board of directors. 