New Fannie Mae Loan Limits
The Economic Stimulus Act of 2008, signed into law on February 13, 2008, establishes temporary increases to Fannie Mae's conventional loan limits for first lien mortgage loans in high-cost areas. These new loan limits can help people refinance or purchase property with a standard conventional loan versus qualifying for a stricter, jumbo loan. Loan limit increases are specific to certain counties and cities across the nation. If you have questions about these areas or feel that this will help accomplish your goals, please contact us directly for more information.
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