High-cost conforming loans and housing prices

November 10, 2009

On November 6, Scott Sambucci of Altos Research did some analysis of housing prices around the $730,00 sales price to see if conforming loans requiring as little as 5% down were having an impact on selling prices, vs. the 20% minimum down payment for loans over $729,000.

Basically, there is an effect, and we are seeing market striations here locally at the $1.5M and $2M price points as well, where most lenders require 20% and 25% down payments respectively.

Get the scoop, analysis and commentary with cool charts HERE

Written by Chris Iverson, Realtor · Filed Under * Top Category used for navbar, * Type of Content, Articles, Buyer and seller tips, Consumer, Financing Process, For buyers, Industry, Loan Application, Los Altos, Mortgage, Mortgages, Preapproval, Prequalification, Types