{"id":5683,"date":"2020-01-23T08:14:24","date_gmt":"2020-01-23T14:14:24","guid":{"rendered":"https:\/\/www.richmondamerican.com\/agent-blog\/?p=5683"},"modified":"2024-01-31T08:27:37","modified_gmt":"2024-01-31T15:27:37","slug":"what-2020-loan-limits-mean-for-your-clients","status":"publish","type":"post","link":"https:\/\/www.richmondamerican.com\/agent-blog\/what-2020-loan-limits-mean-for-your-clients\/","title":{"rendered":"What 2020 Loan Limits Mean for Your Clients"},"content":{"rendered":"\n<p>Loan limits in many counties across\nthe country increased in 2020, giving homebuyers greater access to a variety of\nloan programs and potentially enabling them to borrow more toward their dream\nhomes.&nbsp; While not all areas experienced\nincreases, it\u2019s worth checking to see if your sales turf got a boost. Several\nRichmond American communities saw upticks ranging from $3,450\nto $39,075! <\/p>\n\n\n\n<p><strong>Conventional Loan<\/strong><br><a aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.richmondamerican.com\/agent-blog\/wp-content\/uploads\/2020\/01\/2019-2020-Conventional-Loan-Limits-Comparison.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Example 2019 vs 2020 Comparison [PDF <i class=\"fa fa-file-pdf-o\">]<\/i><\/a><i class=\"fa fa-file-pdf-o\">  |  <a href=\"https:\/\/www.richmondamerican.com\/blog\/what-is-a-conventional-loan\/\" target=\"_blank\" rel=\"noreferrer noopener\">More on conventional loans<\/a><\/i><\/p>\n\n\n\n<p><strong>FHA Loan<\/strong><br><a aria-label=\" (opens in a new tab)\" href=\"https:\/\/www.richmondamerican.com\/agent-blog\/wp-content\/uploads\/2020\/01\/2019-2020-FHA-Loan-Limits-Comparison-1.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Example 2019 vs 2020 Comparison [PDF <i class=\"fa fa-file-pdf-o\">]<\/i><\/a><i class=\"fa fa-file-pdf-o\">  |  More on FHA loans<\/i><\/p>\n\n\n\n<p><strong>VA Loan<\/strong><br>Encourage active military members, veterans and their spouses to talk to a loan officer about <a href=\"https:\/\/www.richmondamerican.com\/blog\/what-is-a-va-loan\/\" target=\"_blank\" rel=\"noreferrer noopener\">VA loans<\/a>, and find out whether that\u2019s their best financing option. 2019 legislation may have eliminated the loan limit for many veterans, so make sure they\u2019re acting on the latest information!<br><\/p>\n\n\n\n<p><strong>Other articles about mortgages:<\/strong><\/p>\n\n\n\n<ul>\n<li><strong> <\/strong><a href=\"https:\/\/www.richmondamerican.com\/blog\/credit-score-for-a-mortgage\/\" target=\"_blank\" rel=\"noreferrer noopener\">What Credit Score Do I Need for a Mortgage?<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.richmondamerican.com\/blog\/home-buying-infographic-mortgage-process\/\" target=\"_blank\" rel=\"noreferrer noopener\">The Mortgage Process<\/a> (infographic)<\/li>\n\n\n\n<li><a href=\"https:\/\/www.richmondamerican.com\/blog\/how-much-mortgage-can-i-afford\/\" target=\"_blank\" rel=\"noreferrer noopener\">How Much Mortgage Can I Afford?<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.richmondamerican.com\/blog\/homebuying-myths-mortgage-facts\/\" target=\"_blank\" rel=\"noreferrer noopener\">7 Homebuying Myths (Your Clients May Believe)<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Loan limits in many counties across the country increased in 2020, giving homebuyers greater access to a variety of loan programs and potentially enabling them to borrow more toward their dream homes.  While not all areas experienced increases, it\u2019s worth checking to see if your sales turf got a boost.<\/p>\n","protected":false},"author":6,"featured_media":5693,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"ub_ctt_via":"","cybocfi_hide_featured_image":"","footnotes":""},"categories":[7],"tags":[56,77],"featured_image_src":"https:\/\/www.richmondamerican.com\/agent-blog\/wp-content\/uploads\/2020\/01\/map-image-2.jpg","author_info":{"display_name":"Abby Whited","author_link":"https:\/\/www.richmondamerican.com\/agent-blog\/author\/abby\/"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>What 2020 Loan Limits Mean for Your Clients - A blog for your sales success<\/title>\r\n<meta name=\"description\" content=\"Learn about new 2020 loan limits and how recent changes may impact the way your clients finance their new home.\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.richmondamerican.com\/agent-blog\/what-2020-loan-limits-mean-for-your-clients\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"What 2020 Loan Limits Mean for Your Clients - 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