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Effective 03/05/08 - FHA Raises Loan Limitations in 14 California Counties

By Zach Dahl

Mortgage and Lending with Ameritime Mortgage Company, LLC.

March 06, 2008 06:02 AM

Zach Dahl

703-864-5257

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March 6, 2008

Effective March 05, 2008:

The Federal Housing Administration (FHA) announced yesterday that it has increased its' loan limitations for 14 counties in California. San Diego County will see loans increases up to $697,500 while Orange County will see FHA loans available up to $729,750! Sources also report that Fannie Mae and Freddie Mac will follow suit.

To check your FHA maximum loan amount by state and county, please click here.

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Michael A. Caruso

Surterre Properties - Laguna Niguel, CA

Hi Zach,

Thanks for the update. It's important for us to stay on top of this for our buyers we are working with.

Have a successful week.

Michael A. Caruso

Mar 06, 2008 06:09 AM

Zach Dahl

Ameritime Mortgage Company, LLC. - Charlottesville, VA

Virginia Home Loans

Thanks Mike - I believe Irvine has seen increases up to the maximum limit of $729,750. With mortgage rates low and conforming loan amounts up to this mark, hopefully it may ignite the real estate market back to where it should be.

Best

Mar 08, 2008 12:53 AM