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2009: FHA raises loan limit until end of 2009 - 02/25/09 10:41 AM
Mortagee Letter 2009-07 (link to a .doc file)
February 24, 2009MORTGAGEE LETTER 2009-07TO:        ALL APPROVED MORTGAGEES       SUBJECT:    Loan Limit Increases for FHAThis Mortgagee Letter provides information on Federal Housing Administration (FHA) single family loan limits that have changed as a result of the American Recovery and Reinvestment Act of 2009 (ARRA) signed into law on February 17, 2009.  These limits are effective for those loans for which credit is approved in calendar year (CY) 2009 and will remain in effect until December 31, 2009. FHA Single Family Programs Affected:The loan limits described in this Mortgagee Letter are effective for those mortgages … (0 comments)

2009: Conforming Loan Limit in 2009 to remain at $417k, higher in some areas - 11/07/08 03:12 PM
CONFORMING LOAN LIMIT FOR U.S.
TO REMAIN $417,000 IN 2009;
DIFFERENT LIMITS IN SOME AREAS
WASHINGTON, DC
- The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit will remain $417,000 for 2009 for most areas in the U.S. but specified higher limits in certain cities and counties. The conforming loan limit is the maximum size of loans that Fannie Mae and Freddie Mac can purchase in 2009.

According to provisions of the Housing and Economic Recovery Act of 2008 (HERA), the national loan limit is set based on changes in average home prices over the previous … (1 comments)

 
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Shane Milne

Laguna Niguel, CA

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First National Bank of Layton

Address: 24452 Sunshine Dr, Laguna Niguel, CA, 92677

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