With the state of our markets it suprises me that they left the loan limits alone. Here in Washington it is very easy to surpass the loan limits and the underwriting for Jumbos is more strict. Well atleast the rates are great right now with a 30 yr fixed just below 6% and 100% loan at 6.5%. Good Luck to all.
Freddie Mac conforming loan limits are unchanged for 2008
Today Freddie Mac is announcing that for 2008, our loan limits will remain unchanged from their 2007 levels. Through December 31, 2008, Freddie Mac will continue to purchase home mortgages up to the following loan amounts:
For properties in the United States (except Alaska, Hawaii, Guam & U.S. Virgin Islands)
- $417,000 for mortgages on one-family properties
- $533,850 for mortgages on two-family properties
- $645,300 for mortgages on three-family properties
- $801,950 for mortgages on four-family properties
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