(Fort Lauderdale, FL) – A&D Mortgage, a leading provider of innovative mortgage solutions, is pleased to announce that new, increased loan limits for conventional mortgages will go into effect on September 23, 2024. These updated limits are designed to help homebuyers and investors access greater financing options, enhancing their ability to compete in today’s housing market.
The following table outlines the new conforming loan limits available to borrowers:
| Number of Units | Loan Limits |
|---|---|
| 1 | $802,650 |
| 2 | $1,027,750 |
| 3 | $1,242,250 |
| 4 | $1,543,900 |
These new limits allow A&D Mortgage to better serve clients seeking financing for one- to four-unit properties in both standard and high-cost areas. The increased loan amounts will benefit both homebuyers and investors, especially those in markets where home prices remain elevated.
“We’re excited to offer early access to these new loan limits ahead of the official FHFA announcement later this year,” said Max Slyusarchuk, CEO of A&D Mortgage. “This change reflects our ongoing commitment to providing innovative solutions that meet the evolving needs of our clients. By increasing the available loan amounts, we are empowering homebuyers and real estate investors to take advantage of greater purchasing power, ensuring they can succeed in today’s competitive market.”
The new loan limits apply to conventional conforming loans and are effective starting September 23, 2024. These limits will be particularly useful for borrowers in areas where home prices have exceeded previous conforming limits, giving them access to more affordable financing options without needing to secure jumbo loans.
A&D Mortgage is supporting borrowers with a range of flexible mortgage products. These include conventional, Non-QM, and foreign national loans. Clients seeking more information about how the new limits can affect their mortgage options are welcome to visit www.admortgage.com or contact A&D Mortgage directly.
For additional information about A&D Mortgage, please visit https://www.admortgage.com/.
About A&D Mortgage
As a premier direct mortgage lender, A&D Mortgage offers a full spectrum of conventional, government, and Non-QM loan products with 24-hour turnaround times and some of the most competitive rates in the industry. A&D Mortgage offers programs for Prime borrowers, Foreign National borrowers, as well as borrowers with imperfect credit histories. Programs with no income verification are also available for investment property loans. The company offers free concierge services, bank statement reviews, marketing tools and resources, and more. In 2024, A&D Mortgage received several prestigious industry awards. These include the #1 Non-QM Lender and a Top 3 DSCR and Bank Statement Lender by Scotsman Guide. They are also a Top 10 Wholesale Lender, according to Forbes. They received a Stevie for Innovative Mortgage Technologies, and a Globee for Achievement in Artificial Intelligence.
A&D Mortgage LLC is an Equal Housing Lender. NMLS ID #958660. 1040 South Federal Highway, Hollywood, FL 33020. For important disclosures and state licensing information:
