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Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
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Wells Fargo Institutes New Loan Limits
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Wells Fargo Institutes New Loan Limits
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Wells Fargo Institutes New Loan Limits

August 16, 2011 (Chris Moore)

Without a deal on the table to extend or make permanent current conforming loan limits on government-backed mortgages by Fannie Mae and Freddie Mac, Wells Fargo will no longer accept applications for loans that fall under the soon to expire temporary loan limits.

Congress temporarily raised the conforming loan limits from $417,000 to $729,750 in 2008 to help the slumping housing industry, but the current loan limits are set to expire on October 1st.

Once the temporary loan limits expire, the maximum conforming loan limit for the Federal Housing Administration (FHA), Freddie Mac, and Fannie Mae will decline to $625,500 with many areas that have enjoyed the higher loan limits falling far below the new maximum.

Wells Fargo’s deadline for accepting loan applications under the temporary loan limits ended yesterday, August 15th, and all application for loans of $625,501 or more will now be considered as jumbo loans.

Housing industry heavyweights such as the National Association of Realtors (NAR), the National Association of Home Builders (NAHB), and the Mortgage Bankers Association (MBA) have advocated making permanent or extending the higher current conforming loan limits.

There is still a possibility that the current loan limits could be extended as a bill that was introduced by Rep. John Campbell (R-CA) and Rep. Gary Ackerman (D-NY) that extends the current loan limits for two more years is waiting for Congress to consider when they come back from their summer recess in September. The bill has wide support from within the housing industry.

Housing advocates fear that the higher down payment requirements and interest rates that typically accompany non-conforming and jumbo loans will have a negative impact on the housing industry, with as many as 17 million homes nationwide being affected by the reduced loan limits according to NAR.

Tag: conforming loan limits, Wells Fargo, NAR, HAHB, MBA, jumbo loans, housing industry, temporary loan limits, FHA, Freddie Mac, Fannie Mae

Source:
California Association of Realtors

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
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Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
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Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
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August 16, 2011 (Chris Moore)

Without a deal on the table to extend or make permanent current conforming loan limits on government-backed mortgages by Fannie Mae and Freddie Mac, Wells Fargo will no longer accept applications for loans that fall under the soon to expire temporary loan limits.

Congress temporarily raised the conforming loan limits from $417,000 to $729,750 in 2008 to help the slumping housing industry, but the current loan limits are set to expire on October 1st.

Once the temporary loan limits expire, the maximum conforming loan limit for the Federal Housing Administration (FHA), Freddie Mac, and Fannie Mae will decline to $625,500 with many areas that have enjoyed the higher loan limits falling far below the new maximum.

Wells Fargo’s deadline for accepting loan applications under the temporary loan limits ended yesterday, August 15th, and all application for loans of $625,501 or more will now be considered as jumbo loans.

Housing industry heavyweights such as the National Association of Realtors (NAR), the National Association of Home Builders (NAHB), and the Mortgage Bankers Association (MBA) have advocated making permanent or extending the higher current conforming loan limits.

There is still a possibility that the current loan limits could be extended as a bill that was introduced by Rep. John Campbell (R-CA) and Rep. Gary Ackerman (D-NY) that extends the current loan limits for two more years is waiting for Congress to consider when they come back from their summer recess in September. The bill has wide support from within the housing industry.

Housing advocates fear that the higher down payment requirements and interest rates that typically accompany non-conforming and jumbo loans will have a negative impact on the housing industry, with as many as 17 million homes nationwide being affected by the reduced loan limits according to NAR.

Tag: conforming loan limits, Wells Fargo, NAR, HAHB, MBA, jumbo loans, housing industry, temporary loan limits, FHA, Freddie Mac, Fannie Mae

Source:
California Association of Realtors

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

August 16, 2011 (Chris Moore)

Without a deal on the table to extend or make permanent current conforming loan limits on government-backed mortgages by Fannie Mae and Freddie Mac, Wells Fargo will no longer accept applications for loans that fall under the soon to expire temporary loan limits.

Congress temporarily raised the conforming loan limits from $417,000 to $729,750 in 2008 to help the slumping housing industry, but the current loan limits are set to expire on October 1st.

Once the temporary loan limits expire, the maximum conforming loan limit for the Federal Housing Administration (FHA), Freddie Mac, and Fannie Mae will decline to $625,500 with many areas that have enjoyed the higher loan limits falling far below the new maximum.

Wells Fargo’s deadline for accepting loan applications under the temporary loan limits ended yesterday, August 15th, and all application for loans of $625,501 or more will now be considered as jumbo loans.

Housing industry heavyweights such as the National Association of Realtors (NAR), the National Association of Home Builders (NAHB), and the Mortgage Bankers Association (MBA) have advocated making permanent or extending the higher current conforming loan limits.

There is still a possibility that the current loan limits could be extended as a bill that was introduced by Rep. John Campbell (R-CA) and Rep. Gary Ackerman (D-NY) that extends the current loan limits for two more years is waiting for Congress to consider when they come back from their summer recess in September. The bill has wide support from within the housing industry.

Housing advocates fear that the higher down payment requirements and interest rates that typically accompany non-conforming and jumbo loans will have a negative impact on the housing industry, with as many as 17 million homes nationwide being affected by the reduced loan limits according to NAR.

Tag: conforming loan limits, Wells Fargo, NAR, HAHB, MBA, jumbo loans, housing industry, temporary loan limits, FHA, Freddie Mac, Fannie Mae

Source:
California Association of Realtors

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS