Conforming Loan Limit Increase Doesn't Mean Anything For Austin
Feb 19, 2008
The conforming loan limit increase included in the recently passed economic stimulus package unfortunately doesn't mean any change for Austin. The conforming loan limit can increase to as much as $729k for some counties, but the loan limit can only increase to 125% of a county's median priced home. Travis County, with a median price of under $200k, won't benefit from any increase. A county must have a median price of at least $333k + in order to see any increase.
- Categories
- Mortgage Market