New Conforming Loan Limits for Park City Utah

Posted by Julie Olsen on Friday, March 7th, 2008 at 9:36am.

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! 
  • Karen Scott Senior Loan Officer/CPA 1755 Prospector Avenue, Suite 201Park City, UT  84060 (Cell) 435-901-1026 

 

 About Author  A Local Park City Utah Realtor with Equity Real Estate Luxury Group helping buyers find their Park City or Deer Valley dream home. I've lived full time in Park City for over 23 years.  I enjoy showing newcomers all that Park City  has to offer in this wonderful place I call home. 

 
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