Conforming Loan Increase for 2023

For high priced areas like us here in the Bay Area, the new limit ($1,089,300) means roughly $120K more purchasing power than 2022 ($970,800).

With rising rates, this is welcome news as many buyer who otherwise would have had to go for Jumbo Loans will have access to better rates and less cash reserve requirements, unburdening many first time buyers.

Talk to your lender about your specific situation to get a more clear picture. They may be able to approve you at the new limit.  

 Looking to Buy, Sell or Invest? Contact me DM or 650-605-3188 📲 👍

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