Higher conforming loan limits will have varied impact on R.I. housing market

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LIMITED EFFECT: Stephen Tetzner, vice president of Homestar Mortgage Inc. in Providence, says increased limits on conforming home loans, which feature lowered interest rates and more flexible credit score requirements, will do little to help the high-end market. / PBN PHOTO/MICHAEL SALERNO
LIMITED EFFECT: Stephen Tetzner, vice president of Homestar Mortgage Inc. in Providence, says increased limits on conforming home loans, which feature lowered interest rates and more flexible credit score requirements, will do little to help the high-end market. / PBN PHOTO/MICHAEL SALERNO
Rhode Island homebuyers are already taking advantage of increased limits on mortgages insured by the Federal Housing Administration and those acquired by Fannie Mae and Freddie Mac. But at least one local mortgage specialist predicts that bigger conforming loans won’t significantly impact the higher-end housing market. “It will have no effect on that $1 million…

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