The Federal Housing Finance Agency (FHFA) has issued new, higher loan limits for 2019. The 2019 Ohio Conventional Loan Limits are
Ohio Conventional Loan Limits
Number of Units | 2018 Maximum Loan Limits | NEW 2019 Maximum Loan Limits |
---|---|---|
1 | $453,100 | $484,350 |
2 | $580,150 | $620,200 |
3 | $701,250 | $749,650 |
4 | $871,450 | $931,600 |
These new, higher, conforming loan limits are effective for loans closed on or after January 1, 2019. Homebuyers and homeowners looking to refinance can take advantage of them now, given the estimated 30 day timeline for loan closings.
The Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) have not announced their 2019 loan limits at this point. Once an announcement is released the information will be available at Ohio Mortgage Solutions.
Complete the Ohio Mortgage Rate Quote Request or contact me to take advantage of these new loan limits in Ohio.