Home lenders A&D Mortgage and CrossCountry Mortgage (CCM) have moved ahead of the Federal Housing Finance Agency (FHFA) by increasing their conventional loan limits before the FHFA’s official announcement expected in November.
CCM introduced its “Early Bird Product,” which enables homebuyers to access up to $802,650 for conventional loans, an increase from the current $766,550 limit. The company said this offering allows borrowers to take advantage of higher loan limits early before the FHFA officially updates the guidelines.
“CCM understands the challenges faced by homebuyers in the current market and is committed to providing innovative solutions to meet their needs,” CrossCountry chief operating officer Jenn Stracensky said in a Press release. “The Early Bird Program is our way of helping borrowers seize opportunities and navigate their path to homeownership.”