2019 Brings Good News for both Buyers and Sellers.

The Housing and Economic Recovery Act (HERA) requires that loan limits be adjusted, each year, to account for changes in the average U.S. Home prices.

New High Balance Loan limits for the Atlanta Metro Area:

Conforming Conventional Loan Limit (up 6.9%)

  • $484,350 – 1 Unit SFD
  • $620,200 – 2 Units Duplex
  • $749,650 – 3 Units Triplex
  • $931,600 – 4 Units Quadraplex

 

Federal Housing Administration (FHA) Loan Limit (up 5.4%)

  • $379,500 – 1 Unit SFD
  • $485,800 – 2 Units Duplex
  • $587,250 – 3 Units Triplex
  • $729,800 – 4 Units Quadraplex

 

Veteran’s Administration (VA) Loan Limit

  • $484,350 – 1 Unit SFD
  • $620,200 – 2 Units Duplex
  • $749,650 – 3 Units Triplex
  • $931,600 – 4 Units Quadraplex

 

The increase in loan limits provide more flexibility when financing a high priced home.  This is Win/Win for Buyers and Selling.