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new 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)

 
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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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