Real Estate Blog - Fannie Mae & Freddie Mac Up The Ante For Jackson County Oregon

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Fannie Mae & Freddie Mac Up The Ante For Jackson County Oregon

In this game of a mortgage industry we seem to be playing, a change in "da rules" was announced today by the Federal Housing Finance Agency. Jackson County Oregon is deemed to be a "high cost area", and so has had the loan limit raised back to what it was just last year...$422,500. Translated in to laymen's terms? You may be a "saleable loan" to Fannie Mae and Freddie Mac, paying Agency High Balance pricing versus Non-Conforming pricing if your home loan in Southern Oregon/Jackson County is between $417,001 and $422,500 on your single family residence. Below $417,000, you have a "conforming loan limit". Above $422,500, you are "Jumbo" or "Non-Conforming" on your loan limit.

See you at the closing table!

Karen Cooper - OR/CA Mortgage Consultant - www.Quality4Loans.com

Karen Cooper - OR|CA Mortgage Consultant - www.Quality4Loans.com
Providing high Quality, Professional, Ethical service to Oregon and California home buyers and owners since 1983. Whether you are taking out your first home loan or your fiftieth, for your home, your second home or for investment, put my knowledge and expertise to work for you.

Posted by Karen Cooper-Mtg Banker|Broker Ashland|Medford on 02/23/2009 03:02 PM

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loan limit, agency high balance, conforming, nonconforming, jackson county, oregon, ashland, home loan, quality home loan, karen cooper

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Karen Cooper-Mtg Banker|Broker Ashland|Medford

Ashland, OR

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American Pacific Mortgage- Karen Cooper, Oregon & California

Address: 301-B Crater Lake Avenue, OR ML License #ML-2338, CA DRE License 01180222, Medford, OR, 97504

Office Phone: (541) 608-6003

Cell Phone: (541) 601-4303

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26 years experience providing Southern Oregon and California Quality Home Loans| Assisting Oregon First Time Homebuyers with no Down Payment| Specializing in USDA Guaranteed Rural Housing & Oregon Bond Loans| Oregon VA Loans| Farm/Ranch Loans| Aggressively Priced Jumbo Mortgages| Serving all of Jackson County Oregon including Ashland- Talent- Phoenix- Medford-Jacksonville- Ruch- Central Point- White City- Eagle Point- Shady Cove- Gold Hill, as well as Josephine County including Grants Pass- Merlin- Wilderville and Northern California communities in Siskiyou County| Helping Southern Oregonians and Californians on the road to fulfilling the American Dream of Homeownership

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