Rocket Leads Industry With Highest Early Conforming Loan Limits
Rocket's loan limits are set to $825,550 for SF homes and $1,238,325 for properties in Alaska and Hawaii
Rocket's loan limits are set to $825,550 for SF homes and $1,238,325 for properties in Alaska and Hawaii
CrossCountry Mortgage and Rate have both said they will buy loans right now up to $819k
But unlike its competitor, Pennymac also hiked its ceiling in Alaska and Hawaii to $1,228,500.
Starting today, brokers working with Rocket Pro TPO can loan up to $802,650, up from 2024's $766,550.
This is the result of FHA's update to the baseline conforming loan limit in high-cost areas topping $1 million.
Rocket PRO TPO also offering a new home equity loan; says more updates coming.