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Documentation requirements are lower with HARP, mainly due to computerized approval systems. Most refinance applicants will only cash advance lehigh acres fl to supply pay stubs, a W2, and a bank statement if any cash is required to close the loan.
The borrower can wrap closing costs into the loan, making the HARP program the next best thing to a conventional streamline refinance program. 2018 Conventional Loan Limits. The standard conventional loan limit is 453,100. A qualifying refinance applicant can open a loan for at least this amount anywhere in the country.
But Fannie and Freddie allow personal loan 5 limits in some areas. For instance, San Diego, California has a conventional loan limit of 679,650. Refinance consumers in Seattle, Washington and Queens, New York can also be approved for a higher conventional loan.
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