What does this mean to you? Before this change, loans up to $417,000 were considered to be "conforming",
which means that  they could be securitized by fannie and freddie.
Loans over the "conforming limit" are considered to be "jumbo loans" and have higher interest rates
than "conforming loans" because the cost to securitize them is higher.

This new change affects you in 2 ways:

1st, if you have an existing "Jumbo Loan" or want to refinance into a larger loan
to access equity in your propert (or combine 2  loans into 1 lower interest loan),
chances are you will get a better interest rate than the loan you currently have.

2nd, If you want to buy a home in Summit County,
you can now get a much better rate on a larger loan (over 1% better interest
rate),
because of the increased conforming loan limits.

95% Loan Example (5% Down): Purchase a $768,157 Home with $38,408 Down
90% Loan Example (10% Down): Purchase a $810,833 Home with $81,084 Down
85% Loan Example (15% Down): Purchase a $858,529 Home with $128,780 Down
80% Loan Example (20% Down): Purchase a $912,187 Home with $182,438 Down
75% Loan Example (25% Down): Purchase a $973,000 Home with $243,250 Down
70% Loan Example (30% Down): Purchase a $1,042,500 Home with $312,750 Down
65% Loan Example (35% Down): Purchase a $1,122,692 Home with $392,943 Down
60% Loan Example (40% Down): Purchase a $1,216,250 Home with $486,500 Down
55% Loan Example (45% Down): Purchase a $1,326,818 Home with $597,069 Down
50% Loan Example (50% Down): Purchase a

	First Name:* Last Name:* E-Mail:* Phone:* Loan Amount: Loan Purpose: Purchase Refinance Refinance & Cash Out Loan Program: 50 Year Fixed 40 Year Fixed 30 Year Fixed 20 Year Fixed 15 Year Fixed 3/1 ARM 5/1 ARM 7/1 ARM 10/1 ARM Adjustable Interest Only Property Use: Primary Residence Second Home Rental or Investment Property Type: Single Family Condo/Townhouse 2 Units 3 Units 4 Units Other Property Value: Enter Code Shown:* * Required