New Loan Limits for 2019!

With the new year there is some new loan limits for FHA, VA and conventional. FHA just announced that they are raising their loan limits in Clark County and of course everywhere else. Here in Clark County the new loan limit for FHA is $294,515 which is awesome, and the conventional is $484,350. VA is pretty much the same, VA runs the same as conventional. In terms of a conventional loan if you put a little more down you go up $600,000 no jumbo as long it doesn’t exceed more than $484,350 which is crazy. The thing is with jumbo loan there is nothing wrong with that program they are usually a little more expensive and a little more unique in credit score criteria that you need to do in those guide lines as such. Jumbos are not a bad deal if you are looking in the million-dollar price range. VA loan limits can go well above that and work out a deal, VA has great programs out there for higher priced homes. People were surprised when they find out they could do VA a loan for much higher priced home. Even though the general rule of thumb 100% financing on those higher priced homes, you can even come in with a little a down payment as opposed to the standard. If you have any questions about how to get financing or how these loans programs work, please reach out to us and Leilani Carazio so we can help answer any questions you may have. Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Tuesday at 9am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/