Asked by Nancy, 10017 • Sun Mar 1, 2009
probem getting a pre-qual letter. I heard that two weeks ago the Stimulus package increased the conforming loan levels in my County from $417k to $443. However, the Banks I am talking to haven't 'caught up' with the new limits. Can you tell me how long this kind of situation usually takes to work through the Bank system? Does anyone know of any financial service entities who are already using the new limits? I have made an offer on a house and am to sign a contract in 2 weeks. I am hoping to fnd financing with the new limits. I would prefer to stay from the jumbo rates. Thank you.
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