COOP’s AND THE NEW LIMIT
Not all news these days is bad news. As of two weeks ago they have raised the loan limit on Coop’s to 729,750 for conforming loans. It now applies to Coop’s, single family houses and condo’s.
There are still people and companies out there lending you just have to qualify now. You need income and credit. The government is working hard to try and pass a new act to stop no income verification loans and make other changes that have brought us to today’s market.
