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conforming loan limits: New Conforming Loan limits - 03/10/08 01:37 PM
The much anticipated new conforming loan limits are now off and running.  These new conforming and FHA loan limits are good through the end of 2008 unless the program is extended.  This is excellent news for homeowners and potential buyers in high cost areas such as California. 
Conforming loans are loans that can be purchased by Fannie Mae and Freddie Mac.  They do not need to be sold on the open secondary market, and as such, they carry favorable terms and some expanded approval criteria.  FHA loans are in a similar boat, and the higher loan limits open the door to … (0 comments)

conforming loan limits: Fannie Mae & Freddie Mac Changes on the Horizon - 02/29/08 12:25 AM
If you have been paying attention to the recent news surrounding the economic stimulus package, you know that conforming loan limits are set to rise.  Old limits of $417,000 are being changed on a county by county basis, based on the median home prices for that particular county.  That is good news for the housing market, but more changes are on the horizon.
Just raising the conforming limit (the maximum loan amount Fannie Mae and Freddie Mac can purchase) is a good first step, but more needs to be done to get us out of the current housing crisis.  An additional issue … (0 comments)

 
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Chris Goulart

Brentwood, CA

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All California Lending

Address: 1145 2nd Street, Suite A-262, Brentwood, CA, 94513

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