Banknotes Blog

Small Business, Business Banking

Supply-Chain Solutions That Create Better Business

By: Dave Wyttenbach

In an Amazon world, where everyone is accustomed to unlimited selection and two-day delivery, the current supply chain crisis is officially affecting all aspects of life, from groceries to gift giving and from cars to kitchen remodels. What are your options for serving customers through this challenge when so many factors feel like they are outside your control?

For 2022, the conforming loan limits will jump an unprecedented 18 percent to $647,200 for single-family homes, with laddered increases for multi-family residences with up to four units. While you may think the upper limits for borrowing don’t really affect you, the truth is that this big increase is good news for homebuyers at a wide range of borrowing levels.

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