Ever felt like your homebuying search was grounded by a low loan limit? Well, it's time to break free! The conforming loan limit has just skyrocketed to $795,000, opening up a whole new galaxy of possibilities for homebuyers.
What Does This Mean for Homebuyers?
Think of this increase as a boost for your buying power. Key benefits include:
Expanded options: Your property search can expand, yielding more options that may have previously been out of reach.
Avoid jumbo requirements: You can bid at a higher price point, and potentially avoid having to qualify for a jumbo mortgage, which often has more restrictive qualifying requirements.
Beat the competition: Kind Lending is accepting the new conforming limit in advance of January 2025’s start date. This means you can take advantage of the change before an influx of buyers hit the market as rates continue to drop.
A Win-Win for Agents
Real Estate Agents, this is your chance to shine! With a higher loan limit, you can:
Serve more clients: Help more buyers find their dream homes.
Close more deals: Offer your clients a wider range of options.
Position yourself as a leading agent: Demonstrate your knowledge of the latest market trends.
So, what’s stopping you from taking the next steps to take advantage of this exciting industry announcement? Whether you are a homebuyer or real estate agents, connect with your Kind Loan Officer today! They’ll provide you with a deeper understanding of this change and how it can possibly align with your future real estate goals.
