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All Forum Posts by: William McMurray

William McMurray has started 1 posts and replied 1 times.

Private Lending & Conventional Mortgage Advice

Post: Timing of Conforming Loan Limit Increase

William McMurrayPosted
  • Investor
  • Austin, TX
  • Posts 1
  • Votes 0

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

0 Votes