Bethesda, MD, December 09, 2017 --(PR.com
)-- MC Financial, Inc. has endorsed the recently announced increase of conforming loan limits by the Federal Housing Finance Agency (FHFA). This decision will broaden the lender base in targeted areas and have a positive impact on current and potential homeowners in 2018. This is the second year in a row that the FHFA has hiked the limit on conforming loans.
The increase was a necessary step as home values have continued to rise across the United States. Conforming loan limits on one-unit properties will rise from $424,100 to $453,100 (high-cost areas – $636,150 to $679,650). For a map of conforming loan limits please visit the Federal Housing Finance Agency’s website.
“We are extremely excited about this news as we have seen along with the industry that home values have continued to rise especially in our core areas. Our originators can now offer their clients a conforming loan versus advising on a down payment increase or other solutions to their home buying scenario. When this came across the wire, I have to say that our originators were immediately making calls to advise their clientele,” said Ray P. Cruz, Managing Partner of MC Financial, Inc.
About MC Financial, Inc.
MC Financial, Inc., a full-service mortgage lender with offices in Bethesda, MD, and Los Angeles, CA offers expertise in every area of retail mortgage lending from home purchase, home refinance to new construction lending. Established in October 2013, co-founders Ray P. Cruz and Amir Guerami, built MC Financial, Inc. with one goal in mind and that is to make a positive contribution to homeowners. Built on transparency, integrity, and passion, MC Financial, Inc. provides unfettered insight into the mortgage process for the homeowner and real estate professional. MC Financial, Inc. is licensed in California, Maryland, Virginia, Delaware, Florida and Washington, DC. To learn more about MC Financial, Inc. please visit our site www.mcfinc.com