The conforming loan limit will increase to $510,400 in 2020!

This is a significant increase from the existing $484,350 limit. Keep this in mind when structuring the purchase of your new home. There are often opportunities for lower rates, as well as lower down-payment options when borrowing more that the conforming loan limit (also know as JUMBO loans).

As always, ask The Jones Group team to put you in touch with a lender that can fill you in, and answer additional questions.