Updates from Sally Shiekman
As a seasoned broker with deep roots in Aspen, Snowmass, and the Roaring Fork Valley, I’m passionate about sharing insight into our dynamic markets. Whether you're buying, selling, or simply staying informed, my goal is to help you navigate with clarity, confidence, and a local’s perspective.
Has Your Buying Power Just Increased?
December 8, 2022
For Buyers who need financing to purchase a property in Aspen or the Roaring Fork Valley, I have great news for you: Your buying power may have just increased!
The FHFA announced that it’s raising the Conforming Loan limits for Fannie Mae and Freddie Mac to $726,200. What does this mean for you? Higher loan limits give homebuyers purchasing within this price range the opportunity to qualify for a Conforming Loan instead of a Jumbo. A Conforming Loan typically comes with a lower rate and a smaller down payment, which increases your buying power.
If you are looking at homes in a higher price range, the new 2023 high balance conforming loan limits just came out. See below for the limits in the three counties of the Roaring Fork Valley:
Pitkin County: $948,750
Eagle County: $1,075,250
Garfield County: $948,750
Please let me know if you have questions or how I can help you with a real estate purchase or sale today! 970-948-7530, sally.shiekman@aspensnowmasssir.com, www.sallyshiekman.com.
The FHFA announced that it’s raising the Conforming Loan limits for Fannie Mae and Freddie Mac to $726,200. What does this mean for you? Higher loan limits give homebuyers purchasing within this price range the opportunity to qualify for a Conforming Loan instead of a Jumbo. A Conforming Loan typically comes with a lower rate and a smaller down payment, which increases your buying power.
If you are looking at homes in a higher price range, the new 2023 high balance conforming loan limits just came out. See below for the limits in the three counties of the Roaring Fork Valley:
Pitkin County: $948,750
Eagle County: $1,075,250
Garfield County: $948,750
Please let me know if you have questions or how I can help you with a real estate purchase or sale today! 970-948-7530, sally.shiekman@aspensnowmasssir.com, www.sallyshiekman.com.