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loan limits: Conforming Loan Limits Stay the Same
- 11/11/08 06:13 AM
The Federal Housing Finance Agency (FHFA) announced that conforming loan limits for 2009 will remain at the 2008 level, except in certain high-cost areas. The good news, however, is that mortgage interest rates have remained favorable as well. Combine this with lower home prices and an increase in inventory in many neighborhoods, and today's real estate market presents a variety of great long-term opportunities. Entire neighborhoods that you may not have been able to afford in 2005 could now be open to you!
Below is an excerpt from the press release, in case you would like to review it. Please … (2 comments)
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loan limits: Top 3 Benefits of HR 3221
- 11/07/08 04:17 AM
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loan limits: Conforming Jumbo Loan Limits
- 08/13/08 11:52 AM
The floor for Jumbo Loans will remain at $417,000, despite the depreciation in home prices.
The ceiling for Jumbo Loans will decrease from $729,750 to $625,500 as of January 1, 2009
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