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What is a Super Conforming Loan & What are the Loan Limits Per County:
Super Conforming Loan Limits: Premiere Mortgage Services Inc. www.BainMortgage.com Dana Bain & Robin Bain cover all of MA & NH 800-480-0545 978-422-2311 A super conforming mortgage loan is a term coined by Fannie Mae and Freddie Mac for mortgages in certain parts of the country that are more expensive areas to live. Fannie and Freddie have a mortgage limit of $417,000 in most parts of the country, and anything above that figure they will not buy because it is considered a jumbo loan. Because of the appreciation in home values, certain areas can now apply for loans up to $625,000 and even $729,000 because of the high cost of homes. 2009 Super-Conforming First Mortgage Loan Limits Up to $729,750 Now Available in High-Cost Areas On February 17, 2009, President Obama signed the American Recovery and Reinvestment Act ("ARRA") which established "high-cost" area conforming loan limits (termed ‘Super-Conforming') in specific counties in addition to the standard conforming loan limits. Please contact your Financial Advisor for more information about Super-Conforming loans. ARRA High-Cost AreaLoan Limits Dana K. Bain President MLO 18693 www.PremiereMortgageServicesInc.com www.BainMortgage.com ... more
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