More NYC buyers can tap lower-cost mortgages with new Freddie and Fannie higher loan limits in 2022

… New York City buyers dont typically get to take advantage of the lower rates smaller down … payments and ease of borrowing associated with conforming loans But thats likely to change with new loan limits going … to qualify for Most banks require as much as six months of mortgage payments in your bank account versus the typical …

By Jennifer White Karp |November 19, 2021 - 2:30PM