New Conforming Loan Limits for Park City Utah
Posted by Julie Olsen on Friday, March 7th, 2008 at 10:36am. 
Great News!
New Federal Conforming Loan Limit for Summit County…
$729,750
Effective April 1, 2008 through December 31, 2008…
Jumbo Loans are getting harder and harder to do these days with the limited liquidity and more stringent guidelines for lenders. Stated Income loans are just about gone. Credit requirements continue to go up. This is a chance to get into the home you want at the best rates possible. This can save buyers/borrowers $$ Thousands $$ of dollars per year.
The new conforming loans are available for:
- Stated Income to 90% LTV
- 100% financing to $729,750
- Limited review appraisals
- Rates as low as 5.50%
- Lower Credit Requirements
- Higher Qualifying Ratios allowed
- Automated Underwriting and Faster Approvals!
1755 Prospector Avenue, Suite 201
Park City, UT 84060
(Cell) 435-901-1026
(Toll free) 877-420-2999
(Office) 435-649-2999
(Fax) 435-649-2919
karen@crescentmtg.com
Visit Park City Utah Real Estate to search all listings for sale from all local brokerages.
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