Exciting times are ahead as the new 2025 Conforming Loan Limit has been officially announced, and it's a game-changer! Starting Thursday, November 26^th, 2024, the 2025 Conforming Loan Limit is set at $806,500 ($1,209,750 in Alaska and Hawaii) —a significant boost that opens more opportunities for your borrowers to secure their dream homes. We’re here to make sure you’re ready to take full advantage of this change, and we’ve got the details you need to know to help navigate the upcoming program changes.

What This Means for You as a Broker

With the new loan limit of $806,500 more borrowers will be able to qualify for conforming loans, giving them access to better rates and fewer restrictions compared to jumbo loans. This increase could be particularly impactful in high-cost housing markets, where even modest homes often exceed previous conforming limits. Now, you can offer your borrowers more flexibility and competitive pricing in their home financing options.

Special Considerations:

Certain program changes will be subject to Secondary Marketing management review and pricing. Keep these in mind when advising clients:

• Any ARM program to or from any Fixed program

• Any Agency program to or from any Government program

• Any Jumbo, Non-QM, or Investor program

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These changes could impact pricing, so it’s essential to coordinate with our Secondary Marketing team to ensure smooth transitions and the best possible outcomes for your borrowers.

Why This Matters for Your Borrowers

This new conforming loan limit means expanded possibilities for homebuyers and homeowners looking to refinance. Whether they're purchasing a home in a high-cost area or refinancing to get better terms, this increase allows more borrowers to qualify for conforming loan products that often come with more favorable interest rates and terms compared to jumbo loans. Now’s the time to help your clients take advantage of this new ceiling, especially as market dynamics shift heading into 2025.

Stay Ahead with Kind Lending

At Kind Lending, we're dedicated to providing you with the tools and resources you need to serve your clients effectively. With this new loan limit, combined with our flexible loan programs and competitive pricing, you can continue offering the best solutions to meet your borrowers’ unique needs.

Don't miss out on this opportunity to help more borrowers secure financing under the new conforming loan limit. Reach out to your Account Executive today to learn more about how Kind Lending can support you through these changes!

Be Kind. Be Ready. Be Informed. Let’s make 2025 a record-breaking year for you and your borrowers!

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