Ep. 121 - Rising Loan Limits & Buyer Resources | Lending Update Pt. 1

In the final lending update of the year, Quinton and Daniel discuss the increases in loan limits for 2024, which are tied to rising home prices nationwide and locally. They explain how higher limits give more home buying options and access to buyers. Daniel also shares free tools and resources that Bank of England has created to educate and assist potential buyers on topics like boosting credit, buying with low down payments, understanding renovation loans, and assessing homebuying readiness.

[00:00 - 00:56] - Introduction

[00:57 - 05:24] - Rising loan limits for 2024

[05:25 - 06:40] - Impacts on VA loans

[06:41 - 09:25] - Impacts on FHA loans

[09:26 - 14:09] - Buyer resources

Key Quote:

“Home prices are continuing to rise and stretch people's wallets” - Quinton Harris

Resources: Home buying tools: https://bit.ly/wy1mresource

_______________________

Search for “What’s Your 1 More” on YouTube to enjoy highlights and full video episodes.

Watch the podcast on Spotify for full video episodes, Q&As, and community polls! Do you want to master your finances and financial leadership? Connect with us on Facebook, Twitter, and Instagram.

Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/.

Please subscribe, share, and leave a review to let us know you want to keep the content coming!