If you need assistance, please call 702-476-0060

changing loan limits in 2020

Friday, December 13, 2019   /   by Ken Couture

changing loan limits in 2020


The following changes are part of the Blue Water Navy Vietnam Veterans Act of 2019, signed into law in June 2019, and effective for loans closed on or after January 1, 2020.

• The new law eliminates VA loan limits.
Conforming Loan Limits are no longer a factor for Veterans with full entitlement. For Veterans with full entitlement, the maximum amount of guaranty for a loan above $144,000 is 25% of the loan amount, regardless of the conforming loan limit.
FHA 2020 Loan Limit
The FHA national low-cost area mortgage limits, which are set at 65 percent of the national conforming limit of $510,400 for a one-unit Property, are, by property unit number, as follows:
• • One-unit: $331,760
• • Two-unit: $424,800
• • Three-unit: $513,450
• • Four-unit: $638,100
Couture Realty
Ken Couture
8367 W Flamingo Rd Suite 101
Las Vegas, NV 89147
702-476-0060

UP5DB701E1507748.jpgThe data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. The information being provided is for the consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. GLVAR MLS deems information reliable but not guaranteed. Copyright 2021 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.
This site powered by CINC: www.cincpro.com