Green Point Savings raises loan limit.

Green Point Savings Bank has raised the limit on loans it offers to homebuyers.

The Brooklyn, N.Y., lender, known for its strong lending to immigrants, now offers loans on one- to four-family homes of up to $500,000. That's up from $400,000.

"It was a step that was time to take," said Martin Dash, a Green Point executive.

Mr. Dash said he hoped the higher limit would help Green Point gain a larger share of the lending markets it services.

He said the bank had received some requests for loans greater than $400,000.

Green Point will hold the greater-value loans in portfolio, as it does with most home loans it originates, he said.

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