SMA Financing would like to remind clients that the 2008 temporary loan limits will soon be expiring.
The High Balance Conforming Loan Program which is currently at $729,750, will become $625,500 for most lenders after Dec. 1, 2008.
Lock Period Deadlines
High Balance Conforming Loan Program loans, that is, loans in excess of $729,750 need to be funded and closed prior to Dec. 1, 2008.
After this period the maximum loan balance for most Alameda, Contra Costa, San Mateo and San Francisco Counties will become $625,500.
If your loan balance is higher than $625,500 act now rather than later.
Best regards,
Sunil Sethi
510-793-8600
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