Conventional Loans 2023 [What are conventional loans]

Generally, Conventional loans are great for buyers with a good credit score and good income. On of the key benefits of Conventional Loans is you are able to put a low down payment up to high loan limits. However, in 2023, there are new loan limits! Loan limits went from $647,200 to $726,200.
If you leave on the coasts or in high cost areas, those limits are over a million dollars for the first time in history! The loan limits in those areas are $1,089,300.

I hope you got some good information from this video! Please leave a comment if you have any questions!


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Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

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