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  • Comment Detail

  • Date: 10/27/24
    First Name: Lee
    Last Name: Brown
    Organization: PGFWABF
    City: Wallingford
    State: Pennsylvania
    Attachment: N/A
    Number: RIN-2590-AB34

  • Comment

    Hello there,
    Please consider increasing the Fannie Mae & Freddie Mac 2025 loan limits to $998,000 dollars, opposed to the projected 802,650. If you truly want to include hardworking families in the house purchasing “game”. Middle class families need authentic accessibility to new construction. The cost to purchase these single family homes are starting way above the $1M dollar marker. Most Americans (minorities or other) do not have inheritances that would help them garner such a purchase. However, should Fannie Mae and Freddie Mac choose to increase the loan limits to $998,000 dollars for 2025 (starting in the 2024 4th quarter). We will see many Americans delighted to join the housing market because they could finally have a fighting chance to purchase something new. Their excitement to join the housing market will increase despite the many other hurdles one must jump just to get to the pre-approval phase and then on to closing. God willing!
    Thank you for your consideration. My comments and suggestions are a true means for you to reach your projected housing goals. Please, don’t forget the middle class. It’s not always about low and very low incomes earners. Although those earners are important, no doubt about it. But the American tax payer is yet to see benefits and programs for actual middle class earners, despite the idea of helping the middle class repeatedly being a talking point in the political landscape. Don’t forget about us earners who are in the $75k - $150K range. We need help too.
    Take care and thank you,
    Lee Brown