NEWS & INSIGHTS

2026 Conforming Loan Limits and the Mortgage Interest Deduction For 2026, a married couple filing jointly can generally deduct mortgage interest on up to $750,000 of qualifying home acquisition debt, provided they itemize deductions. This needs to be changed as well. #IRS #TaxDeduction #TaxFiling #conformingloanlimit #homebuyingtips #budget #financialadvisor Originally shared from Pennymac TPO on LinkedIn. https://www.linkedin.com/feed/update/urn:li:share:7506060089636691970/

Vera Chang GMCC District Manager If you plan to purchase a new primary residence and rent out your current home, Fannie Mae’s updated guideline may affect how much you can qualify for. Effective for applications dated November 1, 2026, or later, with earlier adoption permitted, here are the key changes: 1. Lease agreements can no longer be used to determine qualifying rental income from a departing residence. While this may simplify the documentation process, the qualifying c