The current loan limit, $417,000, has been in place since 2006. When the housing crisis hit, the Housing and Economic Recovery Act of 2008 (HERA) set the baseline loan limit at that existing level for one to four family houses in most of the U.S. and required it be adjusted each year to reflect any changes in the national average home price (if you need just a small instant no credit check loan – here is the free DWP contact number for budgeting loan). When prices continued to decline, HERA also made clear that the baseline could not be adjusted upward until the average U.S. home price returned to its pre–decline level. The FHFA recently reported that its third quarter House Price Index (HPI) is now 1.7 percent higher than in the third quarter of 2007 and the agency has raised conforming loan limits by 1.7 percent to $424,100. The high-balance loan limit for Sacramento and immediate surrounding counties will now be $488,750. The new loan limits for an advance lender are effective as of January 1, 2017. It may not be much, but we’ll take it! Coming sometime in 2017, but mandated by January 2018, we also have a new Uniform Residential Loan Application or Fannie Mae form 1003. I was surprised to see that we are going from a 5 page application to a 9 page application, but when I saw the new form I was pleasantly surprised. According to, the new form’s redesigned format is consumer and loan officer friendly. It’s a lot cleaner and clearer with much more detailed information that we as loan officers should be asking for, but sometimes can forget. We also offer no credit check loan, for those who have bad credit. This can help speed up the processing and underwriting process, which is always a nice thing. There are many additions to the new form and I’ll just highlight a few. The form now gives you the option to select under marital status Civil Union or Domestic Partnership or Registered Reciprocal Beneficiary Relationship. There’s also a spot for your cell phone and email address. The new form inquiries about Military Service. For Self–Employed or Business Owners, you can also indicate if you own more or less than a 25% share in the business. You can now choose from a list of income from other sources such as Auto Allowance, Boarder Income, Capital Gains, and much more. To see the new form and all of the new changes to come, please visit Fannie Mae’s website. Please join us at the Real Estate Finance and Affiliate Forum meeting held at SAR on the first Thursday of the month beginning at 9:00am. – Anthony Nunez, 2016 Real Estate Finance & Affiliate Forum Chair