Conventional loan limits are rising in efforts to accommodate the rising price of housing. The demand for housing has risen beyond housing availability.
So what does this mean for potential home buyers?
It means that as soon as a house hits the market, it probably won’t stay on for more than a few days. This is where pre-qualification and pre-approval gives you the upper hand.
If a seller has multiple offers on the table, they’re likely to select a buyer who is pre-qualified or pre-approved. They buyers know that this seller is serious, they’ve thought about financing, and have found a lending partner who is willing to work with them.
It takes less than five minutes to apply for pre-qualification! Just click Apply Now!