Global Services
We provide offerings to satisfy your unique needs, whether selling a home in the U.S., managing a cross-country household goods move, or helping employees to get settled into their new homes in Europe. Our global experience means that you can count on seamless international relocation, no matter what’s next.
Departure Services
From the initial policy consulting call through the move itself, there are a lot of moving pieces associated with an employee relocation. Whether an intra-country/domestic or international relocation, lump sum or complete VIP services package, Sirva is expertly positioned to offer the best departure services available during an international relocation in every region around the world.
Destination Services
Setting your employees up for success upon arrival at their new locations will be key to successfully meeting your company’s goals. Sirva's global network and expansive resources allow us to help clients achieve these goals. Our destination services help employees and their families settle in and prosper in their new homes.
Visa and Immigration
Sirva's global team of experienced international relocation specialists are expertly equipped to manage inbound and outbound global immigration services. With Sirva's Immigration team, the focus is on providing a smooth customer experience that enhances the international relocation process, not just achieving a successful application.
Employee Counseling
For your employees, our service delivery model is focused on end-to-end coordination of international relocation services through a single relocation professional. We provide relocation consultants for domestic/intra-country moves and global assignment consultants for international relocation.
These consultants are your employees’ resource for all communication and services relating to their move. International relocation consultants also coordinate the delivery of all authorized services. Regardless of the service being delivered (temporary housing, moving services, etc.), the employee can rely on the consultant as their one call solution to address any concerns.
VIP Services
Sirva offers VIP services for our clients who seeking an enhanced service for their employees, such as their own personal relocation assistants, in-home cleaning services, personalized family assistance, and other tailored and luxury enhancements.
Related Services
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Conforming Loan Limit Increase for 2022: What it Means for U.S. Transferring Employees
*Please note that this is an updated version for 2022. The original blog was post on January 8th, 2021.
What You Need to Know About the Conforming Loan Limit Increase for 2022
In November of 2021, the Federal Housing Finance Agency (FHFA) announced that the conforming loan limit for Fannie Mae and Freddie Mac will increase from $548,250 to $647,200 in 2022. This marks the sixth consecutive year of an increase.
What is the Conforming Loan Limit?
The conforming loan limit is the maximum loan amount for one-unit properties that can be guaranteed and purchased by Fannie Mae and Freddie Mac. A loan amount higher than the conforming loan limit is considered a jumbo loan.
How is the Conforming Limit Determined?
The Housing and Economic Recovery Act of 2008 (HERA) requires that the conforming loan limit be adjusted each year to reflect the change in the national average U.S. home price. According to FHFA, home prices increased 18.05% on average between 2020 and 2021, so the conforming loan limit will increase by the same percentage. This is the largest increase since 2008.
What Does this Mean for Transferees?
This is good news for organizations with U.S. transferees or assignees who are hoping to purchase a home in the United States. An increase in the conforming loan limit means employees can borrow an additional $98,950 without requiring a jumbo loan, which is typically more difficult to qualify for and requires more documentation than a conforming loan.
How Does This Impact High-Cost Areas?
A high-cost area is a location in which 115% of the local median home value exceeds the conforming loan limit. In these high-cost areas, the conforming loan limit can go up to a ceiling of $970,800 (150% of $647,200).
In any given year, there are roughly 150-200 counties in the U.S. that are considered high-cost areas, and many employers need to entice employees to relocate to these locations. Some examples include areas in the vicinity of New York City, the San Francisco Bay Area, as well as Washington D.C. and surrounding counties. The increase of the conforming loan limit may put these areas within reach for some employees through easier-to-obtain financing.
Whatever the financing needs of your transferees may be, SIRVA Mortgage is here to help. With over 25 years of focus and expertise in relocation mortgage lending, we understand the important role home financing plays in the relocation process. Please visit our mortgage website to learn more, or contact us, at MortgageClientServices@sirva.com.
Notice and Disclaimer:
SIRVA Mortgage, Inc. (NMLS Unique Identifier# 2240) is engaged in the business of originating residential mortgage loans. We are licensed or authorized to conduct mortgage loan origination in all 50 states plus the District of Columbia. SIRVA Mortgage is not a depository institution and does not act as or represent itself a full service bank. Reference to the term “mortgage banker” is a common, accepted industry term referring to companies engaged only in the business of making mortgage loans. Various state laws and regulations and our individual license in various states refer to us as a mortgage lender, mortgage banker or mortgage broker. For our Privacy Policy and Affiliated business relationships please visit https://mortgage.sirva.com/about/about-sirva-mortgage. Call 800-531-3837 for more information. SIRVA Mortgage, Inc. is licensed by (among others): Arizona Licensed Mortgage Banker, License #BK-901430; Licensed by the Department Corporations under the California Residential Mortgage Lending Act, Lender License #413-0944; Georgia Residential Mortgage Licensee #6221; Illinois Residential Mortgage Licensee; Kansas Licensed Mortgage Company, License # SL.0000368; Massachusetts Mortgage Lender, License #ML1341; Licensed by the Mississippi Department of Banking and Consumer Finance, Mississippi Licensed Mortgage Company #369/2009; Missouri Residential Mortgage Licensee; Montana Mortgage Lender License #39706, Licensed by the New Hampshire Banking Department; Licensed by the New Jersey Department of Banking and Insurance; New York Licensed Mortgage Banker by the N.Y. State Banking Department; Ohio Mortgage Broker License #MB.803887.000; Licensed by the Pennsylvania Department of Banking; Rhode Island Licensed Lender; Texas Mortgage Lender, License # 44605; Licensed as a Mortgage Lender by the Virginia State Corporation Commission, license #MC-310. This is not an offer of credit or an offer to enter an interest rate lock-in agreement nor is this notice of loan approval. Main Office of SIRVA Mortgage, Inc.; 6200 Oak Tree Blvd., Ste 300, Independence, OH 44131; Telephone: 1-800-531-3837.
Contributors:
Cheryl Pfaffenberger, Director, Client Services
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