Reminder: August 16, 2011 is the last day to lock a Super Conforming loan
amount greater than the permanent loan limits for 45-days. After August 16,
2011, a lock period shorter than 45 days will be required.
Original Announcement: 7/26/2011
The temporary Super Conforming loan limits (up to $729,750) are scheduled to
expire September 30, 2011. Super Conforming loans exceeding the "permanent"
loan limits for 2011 (up to $625,500) will not be allowed to lock with a
lock period expiring after September 30, 2011. The last day to lock a Super
Conforming loan amount greater than the permanent loan limits will vary
based on the lock period:
60-day lock - 8/1/2011
45-day lock - 8/16/2011
30-day lock - 8/31/2011
21-day lock - 9/9/2011
12-day lock - 9/18/2011
Impacted loans unable to fund before the lock expiration will need to be
restructured as lock extensions beyond September 30, 2011 will not be
granted.
