It's. Good morning. RJ Baxter here with Intercap lending. With your Saturday strategy this week, I wanted to talk about loan limits, conforming loan limits specifically. And we just got word that we're going to start accepting loans up to $750,000 on a conforming loan. Now, for the Denver metro area, not a super big deal because our loan limit is 787. But for other areas that are at the regular conforming loan limit that we've seen throughout 2023, which is 726, 200, this is a big deal. This means we can lend up to a higher loan amount and not be in that jumbo limit. So places like Larimer County, Weld County, El Paso County, Pueblo, a lot of the mountain communities, we can now go to 750. 

And not only that, but this is an encouraging sign that we could see an increase to what we call the high balance limits, like in the Denver metro area. So we might be above 787 in 2024. So we'll get the official word from Fannie Mae Freddie Mac coming up, usually early December, but this is being done in anticipation of increased loan amounts. And the other encouraging thing about this is with all the talk about home values supposedly going down and a lot of talk in the media about a housing crash, despite that, loan limits are increasing this year, which means that the median home price nationwide is actually trending up a little bit, which is great news for the housing industry. So wanted to share that news with you. Call me if you have any questions. 

Always here for you to help with questions on your buyers over the weekend. My name is RJ Baxter, Intercap Lending. Have a great rest of your day. 

Learn More Here: http://www.cohomesandloans.com

RJ Baxter
Intercap Lending
http://www.cohomesandloans.com
303-670-0137
baxterteam@intercaplending.com
NMLS #395819