Updated Conventional Conforming Home Loan Value increase in the Greater Baton Rouge Area!

One of my key lender partners has announced new upper limits on their Conventional Loan program and it is now $819,000 up from $806,500! This new loan value is available NOW for home purchases in the Greater Baton Rouge Area.

Of note, the current upper limit for utilizing an FHA loan are as follows:

• $524,225 for a single family home

• $671,200 for a duplex

• $811,275 for a triplex

• $1,008,300 for a fourplex

Keep in mind that in order to utilize an FHA loan, you must owner occupy the property. So in the case of a multi-family purchase, you'll be required to live in one of the units while having the ability to rent out the other units to satisfy the mortgage payments.

Any loan amount needed for the purchase of a single family that exceeds $819,000 will require the use of a JUMBO loan product.

Specific loan question? Reach out to Ryan Larussa with Synergy One Lending and he'll be glad to help you out - Ryan is one of my most trusted lender partners!

I'm always available to answer questions about specific homes or neighborhoods or the real estate market in general - just reach out and let's visit!

Click here to search for available homes for sale in the Greater Baton Rouge Area. It will require you to register, but your contact information will come directly to me. You can search freely on my site and contact me when you are ready to speak to me!