Updates to Conventional Loan Limits
Effective Monday, October 18, 2021, FLCBank will accept loan applications with increased loan limits for all conventional products except for the RefiNow. Please note that loan limit changes are for conventional conforming loans only. Changes to FHA, VA, and USDA loan limits and FLCBank’s acceptance of loans with increased limits will be announced at a later date.
DU Approve/Ineligible and LPA Accept/Ineligible decisions will be permitted for conventional conforming loans, when the “Ineligible” result is solely due to the loan amount being in excess of the 2021 limits. The loan can close no earlier than the GSE’s confirmation of below loan limits which are anticipated to be announced late in November.