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  • Writer's pictureJoseph Shmurak

New Loan Limits for 2023! Don't Wait....

NEW LOAN LIMITS! Record 50-year leap in 2023!

We have some wonderful news for our home buyers! The Conventional loan limit for 2023 has been announced! Don't Wait, We Can Help! If you're thinking about moving, getting prequalified for a mortgage, or refinancing your existing loan, let's talk about how these new limits expand your options for conventional financing. LA and Orange Countries are as follows: One-Unit Limit $1,089,300 Two-Unit Limit $1,394,775 Three-Unit Limit $1,685,850 Four-Unit Limit $2,095,200 Which means, that a 4 Unit $2.6M purchase is now a conforming high balance loan backed by federal government at roughly 6.5% rate and a monthly payment of $13,147 with only a 20% down payment. Effective immediately, we are accepting these loan amounts and standing by to help you find properties to fit the criteria...

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