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Updated almost 5 years ago on . Most recent reply

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William McMurray
  • Investor
  • Austin, TX
0
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Timing of Conforming Loan Limit Increase

William McMurray
  • Investor
  • Austin, TX
Posted

I saw the CLL went up for 2021 today to $548,250, curious if anyone familiar with the lending process knows when in the lending process that limit for a loan comes into play, i.e. If I apply for a loan next week (Dec 2020) but would close in 2021, would I be able to get the 2021 amount or stuck with the 2020 $510,400 limit?

House hacking in an expensive Austin market and conscious of the downpayment, this will come into play for me in my current search

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