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conforming loan limits: New Conforming Loan Limits Announced For 2009 - 11/11/08 04:56 PM
After months of speculation, we finally know what the new 2009 high balance conforming loan limits are for San Diego and other "high cost" areas.  The Federal Housing Finance Agency (FHFA) said that the $697,500 number we enjoyed for part of 2008 is dropping to $546,250 in San Diego.
Some areas such as Los Angeles-Orange Counties, San Francisco, San Jose, and Santa Cruz are having their 2009 numbers set at the new maximum of $625,500.
According to FHFA's press release, the 2009 loan limits were calculated using 115% of median house prices as determined by the Federal Housing Administration (FHA) whereas … (0 comments)