Savvy Mortgage Group

Your St. Petersburg, Florida Mortgage Broker

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Loan Programs

Conventional

General Loan Limits for 2019
The general loan limits for 2019 has increased and apply to loans delivered to Fannie Mae in 2019 (even if originated prior to 1/1/2019). Refer to Lender Letter LL-2018-05 for specific requirements.Maximum Loan Amount for 2019

Units Contiguous States, District of Columbia, and Puerto Rico Alaska, Guam, Hawaii, and the U.S. Virgin Islands
1 $484,350 $726,525
2 $620,200 $930,300
3 $749,650 $1,124,475
4 $931,600 $1,397,400

Maximum Loan Amount for High-Cost Areas for 2019

+A number of states (including Alaska and Hawaii), Guam, Puerto Rico, and the U.S. Virigin Islands do not have any high-cost areas in 2019.

Units Contiguous States, District of Columbia+ Alaska, Guam, Hawaii, and the U.S. Virgin Islands
1 $726,525 Not Applicable
2 $930,300 Not Applicable
3 $1,124,475 Not Applicable
4 $1,397,400 Not Applicable

2019 Loan Limits Overview

  • Loan limits increased for all but 47 counties across the country, including Alaska, Hawaii, Guam, and the U.S. Virgin Islands.
  • In those 47 counties, the limits remained unchanged.
  • Loan limits did not decrease anywhere in the US and its territories.

 


Jumbo

Borrowers who wish to obtain a mortgage loan in an amount that exceeds the 2017 conforming limits still have options. When a home loan exceeds the caps set by the Federal Housing Finance Agency, it is referred to as a “jumbo” mortgage product, and it cannot be sold to Fannie Mae or Freddie Mac.


FHA/ VA

An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). Borrowers can qualify for an FHA loan with a down payment as little as 3.5%.


Specialty

Investment Loans

Home Construction


Contact Us Now!

Savvy Mortgage Lending
100 2nd Ave N, Suite 240
St. Petersburg, FL 33701

Phone: 727-877-5684
Fax: 727-499-7153

Company NMLS #1663584

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FHA Resource Links

Online Handbook
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FHA Connection

Learning Center

  • Top 10 Do’s and Don’ts When Preparing a Home Loan
  • Why Use a Broker?
  • How to Get a Loan
  • Types of Loans
  • Home Purchase Basics
  • Mortgage Glossary

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Count on us to Offer You the Best Rates and Options for Your Needs

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Savvy Mortgage Lending is a dba of Mayo Mortgage Group, LLC NMLS #1663584 | 100 2nd Ave N, Suite 240, St. Petersburg, Florida | Read Important Disclosures | NMLS Consumer Access | This site directed at persons in the United States | © 2019 Savvy Mortgage Lending equal-housing